Tag: Prices

Buffalo House Prices Set Record in June

Written by Alan Findlay on . Posted in Investor Insight.

The median sale price of Buffalo homes increased by 7.1 percent to a monthly record high in June according to statistics from the Buffalo Niagara Association of Realtors (BNAR). The median sale price of the homes increased to $127,500, which was the highest monthly median sale price ever. The July median sale price topped the previous monthly record of $125,000 set in July 2011 and October 2010. The...

Why Are House Prices So Different in Different Cities?

Written by Alan Findlay on . Posted in Investor Insight.

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 in May Week 1

Written by Alan Findlay on . Posted in Members Only.

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,...

Paulson: House Prices Will Rise 3-5% This Year

Written by Alan Findlay on . Posted in News.

Hedge-fund manager John Paulson, who made $15b shorting the real estate market, said today that he expects housing prices to rise between 3 and 5 percent this year and another 8 to 12 percent in 2011. Read more: CNBC
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