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Happy New Year Allentown!

By
Services for Real Estate Pros with Retired Associate RE Broker

2008 Year End Allentown Market Report for Single Family Homes

Allentown Historic Sales Data by Year:

First the good news..  The average sales price is up in the historic district of Allentown in Downtown Buffalo.   And you know that I am going to follow up with some bad, the number of sales is down, the average days on the market is up and highest sold for the year is down from last year's highest sold.

Ready for some additional good news?   This is a cycle we have seen in the Allentown area (see chart below).   And if the cycle continues, we will see an increase in sales in 2009!

Single Family Homes

Year # Closed Average Closed Price Average DOM Highest Sold/DOM
2008 14 $212,428 74 $335,000/332
2007 33 $132,670 46 $390,000/164
2006 19 $135,347 54 $342,500/238
2005 23 $164,073 51 $395,000/168
2004 14 $130,954 86 $390,000/265
2003 27 $103,445 39 $249,500/164
2002 14 $103,936 59 $257,500/180
2001 21 $93,671 65 $160,000/379
2000 17 $122,341 85 $325,000/285

 

Selection of Homes Currently for Sale in Allentown:

Property 327409 114 MARINER BUFFALO, 14201 NY
  • $ 269,900
  • Built in 1865
  • 1920 sq. feet
  • 3 Bedrooms, 2 Full Baths , 1 Half Bath(s)
  • MLS Number: 327409 (IDX)
Property 326897 274 North Buffalo, 14201 NY
  • $ 299,000
  • Built in 1880
  • 4423 sq. feet
  • 4 Bedrooms, 2 Full Baths , 1 Half Bath(s)
  • MLS Number: 326897(IDX)
Property 323664 353 PORTER AVE. BUFFALO, 14201 NY
  • $ 364,900
  • Built in 1872
  • 3867 sq. feet
  • 7 Bedrooms, 4 Full Baths , 1 Half Bath(s)
  • MLS Number: 323664(IDX)
Property 323240 57 IRVING PLACE BUFFALO, 14201 NY\
  • $ 255,000
  • Built in 1880
  • 1998 sq. feet
  • 2 Bedrooms, 2 Full Baths , 0 Half Bath(s)
  • MLS Number: 323240 (IDX)
Property 317654 141 Mariner Buffalo, 14201 NY
  • $ 229,900
  • Built in 1868
  • 2496 sq. feet
  • 3 Bedrooms, 2 Full Baths , 0 Half Bath(s)
  • MLS Number: 317654(IDX)

 

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Comments(2)

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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Hi Coleen!  Love your report!  Great news tied in with the not-so-good news!  It looks like your mirroring previous sales and hopefully, you'll see the market imporve next year as well.

Hey, where did you get your buttons at the bottom of your post?  I love those!

Happy New Year!

Debe in Charlotte

Dec 31, 2008 06:16 AM
Colleen Irwin
Retired - Irondequoit, NY
Creative Real Estate Solutions...

Debe --- thanks...    I got it from a recent blog post someone did about web graphics...     I thought they were cool..   

For the most part in WNY the market is strong, some adjustments, but the numbers are positive..

Dec 31, 2008 09:23 AM