WNY Single Family Home Sales by Price Range
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
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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
Past Market Reports by Price Range »
There is much interest in purchasing homes that are Bank Owned, are short sales or are foreclosures. Many times consumers think that they get the best deals purchasing homes in this status. There are no guarantees and yes some people get some great deals, while others have many unexpected expenses.
