Tag: Buffalo

Investment Checklist – Buy Where Recession Proof Sectors Dominate

It's not rocket science, but you would be amazed at the number of people who don’t check the local employment makeup when buying investment property. With the economy in many US cities in bad shape and likely to remain precarious, it's wise to look at what the dominant sectors are in your chosen investment location. According to this report - http://microreviews.org/5-recession-proof-sectors/ ...

Why Are House Prices So Different in Different Cities?

Let’s look at two US cities with similar median income - Buffalo, in New York State, and Los Angeles, California. Both stand around the same level at $63,000 yet the unemployment in Buffalo stands at around 7.7%. It is a full 2% below the national average, while in Los Angeles it has shot up to 11.6%. So why does the average house in Los Angeles cost $321,000, more than 3 times that of Buffalo,...

Buffalo Property Transactions June 2010 III

Buffalo property transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending June 20. Highest price: $1,600,000 Average price: $189,615 Median price: $75,000 Number of Sales: 46 • 304 North St., Grace Manor Health Care Facility Inc. to Grace Manor Llc, $1,600,000. • 310 North St., Grace Manor Health Care Facility Inc. to Grace Manor Llc, $1,600,000. •47...

Buffalo Property Transactions June 2010 II

Buffalo property transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 13. Highest price: $900,000 Average price: $119,792 Median price: $45,000 Number of Sales:30 40 Stanley St. & 1399 Bailey, Joseph T. Ryerson & Son Inc. to 40 Stanley Llc, $900,000. 200 Delaware Ave., Unit 1503, Uniquest Delaware to Wayne W. Mertz; Patricia M. Mertz,...

Successful Real Estate Investing 3 – Focus On Cashflow

In the past, there was a received wisdom (usually among agents selling overpriced ‘investments’ for high commissions) to ‘invest for capital growth’ – i.e. don’t worry so much about what the Yield is, just buy where you think is an ‘up and coming area’ or ‘the next big thing’ – these in Europe were places like Capital cities in Eastern Europe (Tallinn, Riga, Sofia, Prague, Budapest) and Holiday...

Buffalo Property Transactions in May Week 4

Buffalo real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending May 28. Highest price: $616,500 Average price: $84,957 Median price: $48,500 Number of Sales: 46 • 191 Bird Ave., Greenleaf International to 191 Bird Avenue Llc, $616,500. • 3411 Bailey Ave., 200 Plaza Group to Rentprop Llc, $420,000. • 16 Linden Ave., Michael L. Markarian;...

Buffalo Property Transactions in May Week 3

Buffalo real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending May 21. Highest price: $990,000 Average price: $123,047 Median price: $58,625 Number of Sales: 42 • 200 Delaware Ave., Delaware Uniquest Llc to Phillip A. Baum, $990,000. • 270&281&303 Central&1438 Bailey, BSM-DE Inc. to 25 Depot Street Inc., $684,432. • 132 Lakefront Blvd.,...

Why Invest In USA? Why ‘Rust Belt’ Cities?

USA has the largest real estate market in the English speaking world. It also is one of the most diverse.There are arguments on both sides for investing in US assets but events are beginning to show that the US$ is behaving as a ‘haven’ currency, retaining and even strengthening against the British Pound and Euro and is perceived as having more internal stability, within a more dynamic economy. ...

Buffalo Property Transactions in May Week 1

Buffalo real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending May 7. Highest price: $400,000 Average price: $75,265 Median price: $27,500 Number of Sales: 32 • 50 Depew Ave., Clarissa Willett; Brian Willett to Julie A. Gavin, $400,000. • 581 Colvin Ave., RJ Gullo Properties No. 1 Inc. to Hamri Garden Llc, $335,500. •3 Clarendon Place,...

One Bid Received For Buffalo’s Olympic Towers

At least one bid has been received for downtown Buffalo’s Olympic Towers, reports Buffalo Business First. By 3 p.m. on Wednesday, just one bid for $1.25 million was submitted for the Pearl Street landmark, in an online auction. Bids are due by 3 p.m., Thursday, May 20. Read more: $1.25M offered for Olympic Towers - Business First of Buffalo
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