Buffalo Distressed Homes – Market Report

Colleen Kulikowski February 8, 2016

Foreclosure is not a type of sale. In the City of Buffalo, there are many distressed sales in the form of Short Sales, Bank Owned, REO (Real Estate Owned) and properties being offered via auction.

Current Market Report

February 8, 2016

  • There are 22 active listings; the average list price is $32,373, and prices range from $5,000 to $65,000
  • There are 37 pending/under contract sales, and there have been 6 closed sales in the past 30 days; the average sold price was $40,167 after spending an average of 103 days on the market
  • Year to date, there have been 6 closed sales; the average sold price was $40,167 after spending an average of 103 days on the market

Selection of Homes For Sale

Here is a selection of Properties that are listed on the MLS as Foreclosure/REO/Short Sale or Bank Owned properties.

Past Market Reports

January 12, 2016

  • There are 25 active single family homes with an average list price of $33,700 ranging from $5,000 to $65,000
  • There are 39 pending/under contract sales and 6 closed sales in the past 30 days with an average sold price of $11,809 after spending an average of 55 days on the market
  • In 2015 there were 76 closed sales with an average sold price of $29,835 spending an average of 78 days on the market

March 25, 2013

  • There are 37 active single family homes with an average list price of $24,133 ranging from $1,000 to $97,337
  • There are 18 pending/under contract sales and 2 closed sales in the past 30 days with an average sold price of $40,175 spending an average of 77 days on the market
  • YTD there has been 8 closed sales with an average sold price of $36,052 spending an average of 34 days on the market

January 26, 2013

  • There are 40 active single family homes with an average list price of $25,609 ranging from $1,000 to $150,000
  • There are 13 pending/under contract sales and 1 closed sales in the past 30 days for $17,000 spending 45 days on the market
  • In 2012 there were 26 closed sales with an average sold price of $30,654 spending an average of 55 days on the market

December 2, 2012

  • There are 19 active single family homes with an average list price of $48,663 ranging from $10,000 to $150,000
  • There are 13 pending/under contract sales and 15 closed sales in the past 30 days there was one sold for $40,000 spending 67 days on the market
  • YTD there has been 22 closed sales with an average sold price of $25,932 spending an average of 56 days on the market
  • Highest – $83,100
  • Lowest – $6,250

July 3, 2012

  • There are 16 active single family homes with an average list price of $52,838 ranging from $14,900 to $149,900
  • There are 15 pending/under contract sales and 15 closed sales in the past 30 days sold for $13,500 spending 2 days on the market
  • YTD there has been 12 closed sales with an average sold price of $31,200 spending an average of 43 days on the market
  • Highest – $83,100 – 280 days on the market
  • Lowest – $6,250 – 2 days on the market

April 19, 2012

  • There are 18 active single family homes with an average list price of $52,054 ranging from $13,900 to $149,900
  • There are 15 pending/under contract sales and 2 closed sales in the past 30 days with an average sold price of $16,625 spending an average of 12 days on the market
  • YTD there has been 5 closed sales with an average sold price of $44,088 spending an average of 16 days on the market
  • Highest – $83,100 – 21 days on the market
  • Lowest – $8,000 – 17 day on the market

March 24, 2012

  • There are 18 active single family homes with an average list price of $63,159 ranging from $15,600 to $179,900
  • There are 16 pending/under contract sales and no closed sales in the past 30 days
  • YTD there has been 2 closed sales with an average sold price of $71,550 spending an average of 19 days on the market
  • Highest – $83,100 – 21 days on the market
  • Lowest – $60,000 – 17 day on the market

December 3, 2011

  • There are 11 active single family homes with an average list price of $48,600 ranging from $11,900 to $89,000
  • There are 10 pending/under contract sales and no closed sales in the past 30 days
  • YTD there has been 31 closed sales with an average sold price of #32,152 spending an average of 53 days on the market
  • Highest – $172,000 – 233 days on the market
  • Lowest – $6,000 – 1 day on the market

November 8, 2010

  • There are 21active listings with an average list price of $35,529 ranging from $17,000 to $162,900
  • There are 11 pending/under contract sales and in the past 30 days there has been 33 closed sales

September 6, 2010

  • There are 15 active listings with an average list price of $35,993 ranging from $12,000 to $46,900
  • There are 15 pending/under contract sales and no closed sales in the past 30 days
  • YTD there has been 31 closed sales with an average sold price of $21,471 spending an average of 47 days on the market
    • Highest closed sale – $72,000 – 261 days on the market
    • Lowest closed sale – $3,000 – zero days on the market

July 1, 2010

  • There are 15 active listings with an average list price of $24,245 ranging from $9,900 to $53,900
  • There are 12 pending/under contract sales and in the past 30 days there has been 1 closed sale for $72,000 spending 9 days on the market
  • YTD there has been 26 closed sales with an average sold price of $18,069 spending an average of 79 days on the market.
    • Highest closed – $72,000 – 261 days on the market
    • Lowest closed – $3,000 – 3 days on the market

May 25, 2010

  • There are 25 active homes with an average list price of $31,319 ranging from $9,900 to $62,900
  • There are 10 pending/under contract sales and in the past 30 days there has been 4 closed sales with an average sold price of $13,900 spending an average of 39 days on the market
  • YTD there has been 24 closed sales with an average closed price of $16,370 spending an average of 51 days on the market
    • Highest closed – $48,000 – 261 days on the market
    • Lowest closed – $3,000 – 3 days on the market

April 16, 2010

  • There are 10 active listings with an average list price of $27,109 ranging from $9.900 to $60,000
  • There are 14 under contract/pending sales and in the past 30 days there has been 7 closed sales with an average closed price of $20,700 spending an average of 39 days on the market
  • YTD there has been a total of 20 closed distressed sales in the City of Buffalo with an average closed price of $16,865 spending an average of 53 days on the market
    • Highest closed – $48,000 – 261 days on the market
    • Lowest closed – $3,000 – 3 days on the market

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

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