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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