 Leave a comment »November 2009 WNY Real Estate Market Report
Posted by Colleen Kulikowski in Erie County, Niagara County, WNY Market Report
Each month we compile the numbers for
many of the communities of Niagara and Erie Counties. Every once in
awhile I like to look at these numbers in a slightly different way, by
price range. Looking at sales and listings in a variety of ways assist
you in understanding what is happening in the Real Estate market.
Forbes names Buffalo one of the 25 strongest housing markets
recently, yes there are still foreclosures but not like the rest of the
country. In fact well priced homes are selling above asking price and
with multiple offers. If you are a buyer and you see a home that you
like and you know it is priced well and you want the home, you need to
bring a good offer or risk the home selling to another savvy buyer.
In this report, I used the ranges based
on the listing price, all numbers regarding sales are based on the
actual sold price of the homes for sale in the listing price point.
Current Market Conditions by Price Range
November 9, 20009
Homes over a Million Dollars
- There are 76 active single family homes over a million dollars with
an average list price of $1,568,434 ranging from $1,000,000 to
$4,250,000
- There are 25 pending/under contract sales and in the past 30 days
there has been one closed sale in this range the home was listed at
$1,200,000 and sold for $835,000 after spending zero days on the market.
- Year to date there has been a total of 12 closed sales in WNY in
this price range with an average closed price of $1,341,416 spending an
average of 111 days on the market
- Highest sold - $2,500,000 - 312 days on the market
- Lowest sold - $835,000 - zero days on the market
Homes listed for $751,000 - $990,000
-
There are 91 homes in this category with an average list price of $872,536 ranging from $759,000 to $999,000
- There are 4 pending/under contract
sales and in the past 30 days there has been one closed sale which
closed for $805,300 after spending 106 days on the market
- Year to date there has been 22 homes
sold in this price range with an average sold price of $759,797
spending an average of 139 days on the market
- Highest sold - $900,000 - 478 days on the market
- Lowest sold - $600,000 - 9 days on the market
Homes listed for $501,00 - $750,000
- There are 252 active listings in this price range with an average list price of $610,094 ranging from $505,000 to $750,000
- There are 21 pending/under contract homes
for sales and in the past 30 days there has been a total of 9 closed
sales with an average closed price of $551,204 spending an average of
88 days on the market
- Year to date there has been 94 closed
sales with an average closed price of $549,821 spending an average of
125 days on the market
- Highest sold - $745,841 - 736 days on the market
- Lowest sold - $350,000 - zero days on the market
Homes Listed for $251,000 - $500,000
- There are 1,594 homes in this price range with an average list price of $338,334 ranging from $251,200 to $500,000
- There are 250 pending/under contract
sales and 84 closed sales in the past 30 days with an average list
price of $316,599 spending an average of 95 days on the market.
- Year to date there has been 1005 closed
sales with an average closed price of $311,895 spending an average of
86 days on the market
- Highest sold - $510,000 - 1,024 days on the market
- Lowest sold - $110,000 - zero days on the market
Homes listed for $151,000 - $250,000
- In this price range in Western New York
there are 2,290 homes for sale with an average list price of $198,558
ranging in price between $151,000 to $269,900
- There are 711 pending/under contract
sales and in the past thirty days there has been a total of 221 closed
sales with an average closed price of $183,587 spending an average of
66 days on the market
- Year to date there has been 2,720 closed
sales with an average closed price of $185,226 spending an average of
7- days on the market
- Highest sold - $305,000 - 1,273 days on the market
- Lowest sold - $27,438 - zero days on the market
Homes listed for $51,000 - $150,000
- There are 3,738 homes for sale with an average list price of $102,236 ranging from $51,000 to $159,900
- There are 2,058 pending/under contract
sales and in the past 30 days there has been a total of 581 closed
sales with an average closed price of $100,552 spending an average of
51 days on the market
- Year to date there has been 7,216 closed
sales with an average closed price of $100,193 spending an average of
65 days on the market
- Highest sold - $195,455 - 1,006 days on the market
- Lowest sold $70.00 - zero days on the market
Homes listed under $50,000
- There are 1,085 active listings on the MLS with an aveage list price of $34,470 ranging from $1 to $50,000
- There are 346 pending/under contract and
in the past thirty days there are 116 closed sales with an average
closed price $33,751 spending an average of 77 days on the market
- Year to date that there are 1,530 closed
sales with an aveage closed price of $27,303 spending an average of 88
days on the market
Related PostsWhy Use a RealtorChanges in the Tax CreditHamburg New York Real Estate Market ReportWest Seneca June 2010 Market ReportOrchard Park Real Estate Market Report
 Posted in Wheatfield, Orchard Park, Clarence Homes, Tonawanda, Williamsville, Amherst, Lewiston, Area Market Reports, Lancaster, N. Tonawanda, Grand Island 
This post has no comments awaiting moderation.
|
Newsletter
Best Home Buys
