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Happy New Year Allentown!

By Colleen Irwin

Services for Real Estate Pros with Retired Associate RE Broker

December 31, 2008 04:47 AM

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:

	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)
	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)
	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)
	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)
	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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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

Happy New Year Allentown!

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Colleen Irwin

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