Buffalo Distressed Homes – Market Report

Colleen Kulikowski June 16, 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

 

Buffalo Distressed Homes

Current Market Report

April 16, 2016

  • There are 18 active listings; the average list price is $45,628, and prices range from $9,000 to $172,900
  • There are 42 pending/under contract sales, and there have been 9 closed sales in the past 30 days; the average sold price was $186,000 after an average of 44 days on the market
  • Year to date, there have been 23 closed sales; the average sold price was $93,359 after an average of 83 days on the market

 

Selection of Buffalo Distressed Homes For Sale

 

Buffalo Distressed Homes

Past Market Reports

February 9, 2016

  • There are 22 active listings; the average list price is $30,750, and prices range from $5,000 to $65,000
  • There are 37 pending/under contract sales, and there have been 7 closed sales in the past 30 days; the average sold price was $39,786 after spending an average of 122 days on the market
  • Year to date, there have been 7 closed sales; the average sold price was $39,786 after spending an average of 122 days on the market

January 29, 2016

  • There are 24 active listings; the average list price is $35,858, and prices range from $5,000 to $89,900
  • There are 36 pending/under contract sales, and in the past 30 days there have been 6 closed sales with an average sold price of $21,503 after an average of 59 days on the market
  • In 2015, there were 78 closed sales with an average sold price of $30,529 after an average of 48 days on the market

January 12, 2016

  • There are 25 active listings; the average list price is $33,700, and prices range from $5,000 to $65,000
  • There are 39 pending/under contract sales, and there have been 6 closed sales in the past 30 days; the average sold price was $11,809 after spending an average of 55 days on the market
  • In 2015, there were 76 closed sales; the average sold price was $29,835 after spending an average of 78 days on the market

January 30, 2014

  • There are 29 active listings; the average list price is $26,117, and prices range from $2,000 to $95,000
  • There are 35 pending/under contract sales, and in the past 30 days there have been 4 closed sales; the average sold price was $71,625 after spending an average of 12 days on the market
  • In 2013, there were 50 closed sales; the average sold price was $31,330 after spending an average of 45 days on the market

July 4, 2013

  • There are 37 active listings; the average list price is $24,133, and prices range from $1,000 to $97,337
  • There are 18 pending/under contract sales, and in the past 30 days there have bee 2 closed sales; the average sold price was $40,175 after spending an average of 77 days on the market
  • YTD there have been 8 closed sales; the average sold price was $36,052 after spending an average of 34 days on the market

March 25, 2013

  • There are 37 active listings; the average list price is $24,133, and prices range from $1,000 to $97,337
  • There are 18 pending/under contract sales, and there have been 2 closed sales in the past 30 days; the average sold price was $40,175 after spending an average of 77 days on the market
  • YTD there have been 8 closed sales; the average sold price was $36,052 after spending an average of 34 days on the market

January 26, 2013

  • There are 40 active listings; the average list price is $25,609, and prices range from $1,000 to $150,000
  • There are 13 pending/under contract sales, and there has been 1 closed sale in the past 30 days; the sold price was $17,000 after spending 45 days on the market
  • In 2012, there were 26 closed sales; the average sold price was $30,654 after spending an average of 55 days on the market

December 2, 2012

  • There are 19 active listings; the average list price is $48,663, and prices range from $10,000 to $150,000
  • There are 13 pending/under contract sales, and there have been 15 closed sales in the past 30 days
  • YTD there have been 22 closed sales; the average sold price was $25,932 spending an average of 56 days on the market
    • Highest – $83,100
    • Lowest – $6,250

July 3, 2012

  • There are 16 active listings; the average list price is $52,838, and prices range from $14,900 to $149,900
  • There are 15 pending/under contract sales, and there have been 15 closed sales in the past 30 days; the average sold price was $13,500 after spending an average of 2 days on the market
  • YTD there have been 12 closed sales; the average sold price was $31,200 after 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 listings; the average list price is $52,054, and prices range from $13,900 to $149,900
  • There are 15 pending/under contract sales, and there have been 2 closed sales in the past 30 days; the average sold price was $16,625 after spending an average of 12 days on the market
  • YTD there have been 5 closed sales; the average sold price was $44,088 after spending an average of 16 days on the market
    • Highest – $83,100 – 21 days on the market
    • Lowest – $8,000 – 17 days on the market

March 24, 2012

  • There are 18 active listings; the average list price is $63,159, and prices range from $15,600 to $179,900
  • There are 16 pending/under contract sales, and there have been no closed sales in the past 30 days
  • YTD there have been 2 closed sales; the average sold price was $71,550 after spending an average of 19 days on the market
    • Highest – $83,100 – 21 days on the market
    • Lowest – $60,000 – 17 days on the market

December 3, 2011

  • There are 11 active listings; the average list price is $48,600, and prices range from $11,900 to $89,000
  • There are 10 pending/under contract sales, and there have been no closed sales in the past 30 days
  • YTD there have been 31 closed sales; the average sold price was $32,152 after 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 21 active listings; the average list price is $35,529, and prices range from $17,000 to $162,900
  • There are 11 pending/under contract sales, and in the past 30 days there have been 33 closed sales

September 6, 2010

  • There are 15 active listings; the average list price is $35,993, and prices range from $12,000 to $46,900
  • There are 15 pending/under contract sales, and there have been no closed sales in the past 30 days
  • YTD there have been 31 closed sales; the average sold price was $21,471 after 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; the average list price is $24,245, and prices range 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; the sold price was $72,000 after spending 9 days on the market
  • YTD there have been 26 closed sales; the average sold price was $18,069 after 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 listings; the average list price is $31,319, and prices range from $9,900 to $62,900
  • There are 10 pending/under contract sales, and in the past 30 days there have been 4 closed sales; the average sold price was $13,900 after spending an average of 39 days on the market
  • YTD there have been 24 closed sales; the average sold price was $16,370 after 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; the average list price is $27,109, and prices range from from $9.900 to $60,000
  • There are 14 under contract/pending sales, and in the past 30 days there have been 7 closed sales; the average sold price was $20,700 after spending an average of 39 days on the market
  • YTD there have been 20 closed sales; the average sold price was $16,865 after 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®.

For more information, call the J. Philip Real Estate Team

(716) 650-0051

Thinking of selling your Western New York home? Curious about the current market conditions in Western New York? Call us at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home, and we are here to help you purchase a home.

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