WNY Homes for Sale

WNY Single Family Home Sales by Price Range

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

78 Brownstone Court Amherst, 14051 NY $ 1,089,000 Built in 2004 6501 sq. feet 5 Bedrooms, 5 Full Bath(s) , 2 Half Bath(s) MLS Number: B342651 (IDX)

6523 BOSTON STATE ROAD Hamburg, 14075 NY $ 2,300,000 Built in 1985 15500 sq. feet 6 Bedrooms, 7 Full Bath(s) , 2 Half Bath(s) MLS Number: B348963 (IDX)

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Town of Lancaster NY Single Family Home Market Report Feburary 2008

The Town of Lancaster NY is another popular location for those looking to purchase a home. Here is a brief snapshot of what is happening in the Single Family homes market in the Town of Lancaster, NY:

• There are currently 79 active single family homes in the Town of Lancaster ranging in list price from $37,900 to $368,500 and at this time there is one pending Single Family home.

• In the past 30 days there has been 4 closed Sales

  • Average List price of $189,425 and average Sold price of $181,237

  • Average Days on the market 63 days

  • Lowest priced home sold was $153,000 and was on the market for 5 days.

  • The highest priced sold Town of Lancaster home in this time period sold for $203,500 and was on the market a total of 142 days.

  • At the current rate of sales, it would take 20 months to sell the current inventory. This means that pricing your home is extremely important.

• In 2007 there were 183 homes sold in the Town of Lancaster. Details include:

  • Average list price was $202,855 and average sold price was $196,862. These Town of Lancaster homes were on the market an average of 66 days.

  • Lowest priced Sold home in the Town of Lancaster was $45,000 and was on the market 0 days.

  • The highest priced home that SOLD in the Town of Lancaster sold for $440,000 and spent 253 days on the market.

Interested in finding out the current market value of your Town of Lancaster home? Then call Colleen Kulikowski at (716) 990-7384 to discuss what is happening in today's Western New York Real Estate Market.

All Statstics are gathered from the Buffalo Niagara Association of REALTORS®.

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Tags: Market Report, Real Estate, Single Family homes, Town of Lancaster NY