City of Buffalo Foreclosures

 

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.

January 4, 2014

  • There are 26 active single family homes with an average list price of $30,347 ranging from $2,000 to $95,000
  • There are 27 pending/under contract sales and 1 closed sales in the past 30 days for $36,000 after spending 28 days on the market
  • In 2013 there were 50 closed sales with an average sold price of $31,330 spending an average of 45 days on the market

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

Past Market Reports

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

For more information call Colleen Kulikowski

(716) 650-0051

 

 
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
 
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2014 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
 
 
 
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