Lewiston Single Family Market Report | March 4, 2008
Lewiston NY is just north of Niagara Falls and on your way to the historic sites of Old Fort Niagara in Youngstown.
Real Estate Facts for Single-family home Sales in Lewiston are:
There were 125 homes that sold in 2007 with an average sales price of $167,098 and these homes spent an average of 77 days on the market.
The highest sold in 2007 home in Lewiston was sold for $672,000, which was on the market a total of 545 days, the lowest priced home sold in Lewiston was sold for $31,000 and spent 0 days on the market.
To keep with last year's SOLD pace, there will have to be an average of 10.42 homes sold per month. In the same time period in 2007, there were a total of 21 homes sold, spending an average of 80 days on the Market with an average sold price of $165,059.
In 2008 there has been a total of 11 homes sold in in Lewiston with an average sold price of $161,900, spending an average of 48 days on the market. The highest sold home in Lewistin in 2008 so far was sold for $438,000 and spent a total of 132 days on the market. The lowest priced sold listing in Lewiston sold for $37,000 and was on the market for a total of two days.
In the past 30 days (February 4 - March 4, 2008) there has been a total of 6 homes sold with an average sold price of $175,417 and an average of 49 days on the market
There are currently 76 Active homes on the market in Lewiston with an average list price of $191,214 ranging in price from $81,900 to $529,900. There are currently two pending listings in Lewiston.
What does all those numbers mean? If you don't have to sell, at this point in time you will want to not test the market at this time. The Absorption rate of Lewiston homes is 13 months to go through the current inventory, based on current sales. If you need to sell your home in Lewiston, it is very important that you pay attention to pricing of your home and the condition and presentation.
Read Also: Time to Get Serious about Selling your home
Zillow Zestimates - Good or Bad?
Thinking of selling your Lewiston home? Interested in finding out the current market value of your Lewiston single family home? Then call Colleen Kulikowski at (716) 990-7384 to discuss what is happening in today's Western New York Real Estate Market. View additional WNY Market Area Statistics here.
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
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Buffalo Home Show Now through March 9th at the Convention Center
Currently at the Convention Center is the Buffalo Home Show, running through March 9th.
Exhibitors include:
Kitchens & Baths
Landscaping
Lighting Outdoor Living Remodeling Windows & Doors Appliances Builders Decks & Patios Flooring Home Furnishings & Accessories Interior Design
Special Appearances by:
Meet HGTV's Lee Snijders
Meet ‘The Fixie Chick' Brenna Hartmann!
Show Dates & Hours:
|
Admission:
Location:
Buffalo Convention Center
Convention Center Plaza | Buffalo, NY 14202
Phone: (716) 855-5555 | Fax: (716) 855-3158
Website: http://www.buffaloconvention.com/
Spring is heading our way!
Saturday it is time to Spring Ahead! Time to change your smoke dectector's battery!
And it is time to start looking at those seed catalogs for our spring gardens! Yes it might be snowing outside today, but it will pass...
The video is a bit cheeky, but it explains in very basic details how your credit score will affect your ability to purchase with credit. Your credit score can range from 300 to 900. Basically your credit score is determined by a formula that is calculated that is proprietary information and owned by Fair Isaac. It takes into consideration many factors to make up your score.
Excellent reasons to not purchase a Home
We always talk about about what a great time it is to purchase a home in WNY, but there are some very sound reasons why you might not want to purchase a WNY home at this time. Even though you may have the financial resources and the desire to own your own home, it might not be the right time for YOU. Yes you read that correctly. We have a reason to suggest that. There are so many times that we see where good people make poor decisions and then they find that they have to sell it too soon. Too often we find that we have to sell a home for a client that is in a tough spot, having to sell right after purchasing a home.
Real Estate Explained | What is a Short Sale?
Well basically a Short Sale in Real Estate is when a sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments.
Architecture Explained | Cape Cod Homes
Cape Cod style houses were built in New England from the late 17th century until about 1850. In the outlands of Cape Cod, materials and other resources were scarce, thus the houses were often more modest than elsewhere.
I just want my Western New York Home SOLD!
You want our Marketing Efforts to get your home SOLD! Still wondering why do you want a Real Estate professional that cares about their web presence? Chances are it will make the difference between a For Sale and a Sold Sign in your yard! Interested in selling your Western New York home? Thinking of purchasing a home in the Western New York area? Then we should really talk. Call me today at (716) 990-7384 and we can discuss what your Real Estate Goals are and how we can make them a reality.
Niagara Falls - Homes under $50,000
What a great opportunity to purchase a home in Niagara Falls! Currently there are 71 homes in Niagara Falls under $50,000! I would like to share one such home with you: 1821 North Avenue Niagara Falls NY Listed for $35,000 Estimated Annual Taxes: $1,600 Estimated Annual Insurance: $750 Cost of Ownership Rents in the Niagara Falls area go anywhere from [...]
Hard Money - Good or Evil? There seems to be no middle ground for people regarding Hard Money Lending. Many seem to either embrace it or avoid it like the plague. So why is there no middle ground?
What benefit is it to me to subscribe to you? At the bottom of every post I invite you to subscribe to my Blog. This morning I got a phone call that made me smile. What is all this subscription stuff all about? They really did not understand RSS feeds and how it could benefit them. I solved the problems and explained it, and now have another member subscribed to my site.
Some other posts you may have missed
Thinking of purchasing a home? Now is an excellent time to! Want to know what your home is worth? Call our Real Estate Division today at (716) 990-7384!
Attention Investors! Our Mortgages as Investment Program is giving several investors great returns! To find more about this exciting program call me today at (716) 990-3228 to find out more.
Need a Fast Commerical Loan? Call us at (716) 990-3228 to apply.
Carl F. DeFranco Real Estate Corp.
481 19th Street | Niagara Falls NY 14303
Mortgage Division: (716) 990-3228
Real Estate Division: (716) 990-7384
http://www.wnyrealestatemortgage.com/
http://www.buffaloniagararealestatehomesales.com/
http://www.defrancorealestate.com/
DeFranco Real Estate Corp has been busy. We are happy to announce in February we have two homes that went under contract and we gained 3 new listing! And we are exciting about the month of March! Here is a brief recap of some of the articles we presented this month:
You need to have a REAL person, who knows the market in an area give you a true value of the home. Before you go checking your home on Zillow, remember their Zestimates are ESTIMATES. They don't have all the data that Realtors and Appraisers have. In Niagara Falls, they don't know that in order to build the courthouse that several homes are no longer, or the area by the Casino is more valuable because of the projects in the works. They don't know what is happening in Buffalo, like the potential for eminent domain by the Peace Bridge. Drew Meyers from Zillow commented on the post giving insight to the accuracy of the Zestimates in both Niagara and Erie County...
View Comments: Zillow Zestimates are they Good or Bad?
How is the difference between a "sellers market" and "buyers market" known? It can be confusing at times, but it is really simple. There is a way that we can see what is happening in the market and determine if we are in a buyers or sellers market. How we determine the difference is by Absorption Rate. This simple concept is often misunderstood regarding this fundamental measure of market conditions.»
View Comments: Real Estate Explained | What is Absorption Rate
There seems to be no middle ground for people regarding Hard Money Lending. Many seem to either embrace it or avoid it like the plague. So why is there no middle ground when it comes to Hard Money Lending?
View Comments: Hard Money - Good or Evil?
East Aurora, WNY Home Staging, Julie Dana, WIBV TV, buffalo home staging, niagara falls home staging
View Comments: Home Staging Doesn't Have To Be Complicated
Unfortuantely, many people are having to make painful decisions and look at what is best for the community. The Peace Bridge is just another example of Western New York Adapting to the situation for future survival. Much like Western New York Catholics have had to make some very difficult and heart wrenching decisions, so must our government officials. What will come from this is a stronger community that will prosper long after the construction dust settles.
View Comments: Peace Bridge Construction - Eminent Domain a possibility for 83 Buffalo homes
Savarino Construction Co. and Southeast Works have announced plans for a $6.5 million project to convert the former Our Lady of Czestochowa School on Clinton Street in Cheektowaga into apartments for people with developmental disabilities.
View Comments: Cheektowaga Catholic school may get new life
It is sad to see that yet another movie has passed on filming here. The county and city officials need to look at the situation and make it more appealing to film here. "This is about keeping jobs and businesses here and not watching them move somewhere else," Kaufman said. Although the producers were impressed with the Buffalo area, costs once again eliminated Buffalo as a film site.
View Comments: Another movie set in Buffalo is being filmed in Montreal this one staring John Cusack
Some other Western New York Articles that you may have missed:
Not working with a Real Estate Agent in Western New York? If you are thinking of purchasing a home in the greater WNY area, please give us a call at (716) 990-7384 and we would be happy to assist you in the process of getting pre-qualified, selecting and purchasing a new home. Interested in selling your home? We would be honored to have the opportunity to meet with you and discuss how together, we can successfully get your home SOLD!
Just read a press release regarding the Overseas Portal Reveals Investor Trends for 2008 and it appears that the Western New York region has caught the attention of UK investors. But our office already knew that with our base of UK clients growing every day. DeFranco Real Estate Corp has a specialized lending program for the UK Investor.
David Brennan of Brennan Properties "many clients are flocking to invest in Western New York as the prices are low, the yields are the highest in the world at the moment, the net returns are tremendous, and this trend is set to continue despite the credit crunch which has affected the more affluent states in the USA." Articles like this are great news for Western New York, the investors are what is needed to turn things around. There are some things you need to consider if you are going to invest in the Western New York that will both make it profitable and relatively stress free.
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