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Erie County Foreclosure/Bank Owned/REO Market Report – August 2009

August 25, 2009

Erie County Foreclosure/Bank Owned/REO Market Report – August 2009

There is much interest in purchasing homes that are Bank Owned, are short sales or are foreclosures.   Many times consumers think that they get the best deals purchasing homes in this status.   There are no guarantees and yes some people get some great deals, while others have many unexpected expenses.

Read Also: WNY Foreclosure Properties List

Erie County Foreclosure Market Report

August 2, 2009

  • There are currently on the MLS 24 active listings that are considered Foreclosure/REO in Erie county with an average list price of $81,729 ranging from $8,000 to $349,500
  • There are 6 pending sales and in the past 30 days there has been 12 closed sales with an average closed price of $$52,564 spending an average of 45 days ont he market
    • Highest closed – $197,200 – 284 days on the market
    • Lowest closed – $3,000 – zero days on the market

Select Erie County Foreclosure homes for sale

Property 337963

Property 343003

Property 343003

Property 340025

  • 16 Banko Depew, 14043 NY
  • $ 99,000
  • Built in 1965 1890 sq. feet
  • 4 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s)
  • MLS Number: 340025 (IDX)
Property 338802

Thinking of investing in a foreclosure home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Colleen Kulikowski at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market.  We would be happy to give you a personalized Comparative Market Analysis for your home, just fill out the form below.   View additional WNY Market Area Statistics here.

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2009 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
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