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Showing posts with label buffalo. Show all posts
Showing posts with label buffalo. Show all posts

Monday, September 17, 2018

9/15 Radio Show: Bill Maggio

Your host Peter Hunt, welcomes Bill Maggio to the show.

Bill is CEO of the Jacobs Institute and Managing Partner of Lorraine Capital.

Together, Peter leads the discussion on building on the momentum we are feeling in our community, which include attracting talent and capital investment.

To find out more, listen to this week's show. 


Wednesday, September 12, 2018

Popular Neighborhoods in Buffalo

While those of us who live in the area have always known the treasures that Buffalo has to offer, it’s true that in recent years, the city has had even more to boast about. In addition to being one of the more affordable mid-sized cities – Buffalo was listed as number 2 on Livability.com’s list of Best Affordable places to live, citing the affordable transportation, healthcare, and housing – there is also increasingly more to do, see, and experience these days in the Queen City. From the vast number of restaurants to the variety of entertainment options, to, yes, even our pro sports teams (Buffalo fans are nothing if not loyal!), there are many reasons why love our city, and why #WeLiveHere.

Here are some of our favorite neighborhoods in Buffalo, ones that are quickly gaining popularity with those who are new to the city:

Elmwood Village
The American Planning Association named the Elmwood Village as one of the country’s 10 best neighborhoods, and it’s easy to see why. Being centrally located in Buffalo, the Village is an ideal spot for anyone looking for a home near world class shops, restaurants, bars and attractions such as the Albright-Knox Art Gallery and the Burchfield Penney Art Center. There is always something to do in the area, whether it is grabbing some fresh produce at the farmer’s market on Saturday morning, stopping at the locally owned and operated Lexington Co-Op, or seeing a summer concert in Bidwell Park.

The atmosphere in the Elmwood Village was described by Visit Buffalo Niagara as one “where visitors linger at open-air cafes and browse farmer’s market vendors on a tree-lined parkway in the summer, while gathering at cozy coffeehouses and pubs in the winter” and we can attest to the accuracy! (During winter months, it’s also always a plus to be within walking distance of plenty of restaurants, or a coffee shop or bar with your favorite beverage!)

Allentown
Photo by Rhea Anna
Allentown is where artistic and creative communities thrive in Buffalo. There is a plethora of street art and galleries, artisan markets and art festivals, such as the annual Allentown Art Festival and Allentown Porchfest. Allentown also offers a good dose of history, with beautiful historic buildings like the Mansion on Delaware, a boutique luxury hotel, and the Theodore Roosevelt Inaugural National Historic Site.

The creative influence of our residents is apparent as you walk through Allentown and experience the “wall-size murals [that] flank the district’s many live music bars, neighborhood galleries, restaurants and shops.” This unique neighborhood is an inclusive, creative haven for young professionals, families or anyone who is looking to live in a part of the city where there are always events happening.

Hertel Avenue
Photo by Joe Cascio
Hertel is known as the “heart and soul of North Buffalo”, and while the neighborhood has been increasing in popularity over the past few years, there is a lot of history in the area that makes its renaissance even more special to witness.

This neighborhood is for those looking to embrace all that food that Buffalo has to offer, from popular restaurants like Lloyd’s Taco Factory, Mes Que, or Mac’s, to hip coffee spots like Daily Planet Coffee. Don’t forget to stop by an Italian bakery or Italian restaurant such as Lombardo’s – there’s a reason the area is known as the “Little Italy” of Buffalo.

Chic boutiques and bars are also all around for a night on the town. In case you want to catch a matinee, make sure to visit the North Park Theatre. The marquee on the neighborhood’s 1920’s era theatre, restored in 2014, is one of the most distinctive landmarks on Hertel.


These are just a few of the amazing neighborhoods that Buffalo has to offer. Moving to Buffalo and need a guide to help decide where you should live? Reach out to one of our local agents today!

Monday, September 10, 2018

9/8 Radio Show: Dottie Gallagher-Cohen

Your host, Peter Hunt, welcomes Dottie Gallagher-Cohen to the show.

Dottie is President and CEO of the Buffalo Niagara Partnership.

Together, Peter leads the discussion on people, tourism, investment in commercial and residential real estate.

To find out more, listen to this week's show. 



Tuesday, September 4, 2018

9/1 Radio Show: James Hoffman

Your host, Peter Hunt, welcomes James Hoffman to the show.

James Hoffman is a Licensed Associate Real Estate Broker working out of our Williamsville Clarence office.

Together, Peter leads the discussion on the record low inventories.

To find out more, listen to this week's show. 



Monday, July 2, 2018

6/30 David Rust

Your Host, Peter Hunt, welcomes David Rust to the show.

David Rust is the Executive Director of Say Yes to Education, Buffalo.

Together, Peter leads the discussion on Buffalo education and scholarships.

To find out more, listen to this week's show! 


Monday, May 14, 2018

5/12 Radio Show: Michelle Winer

Guest Host, Susan Ballard, welcomes Michelle Winer to the show.

Michelle Winer is one of our leading real estate professionals working out of our Williamsville Clarence office.

Together, Susan leads the discussion on the current shortage of inventory.

To find out more, listen to this week's show. 



Monday, February 5, 2018

2/3 Radio Show: Kathleen DiMillo & Nancy Callari

Guest Host, Susan Ballard, welcomes Kathleen DiMillo & Nancy Callari to the show.

Kathleen DiMillo is a Licensed Real Estate Salesperson working out of our Lockport office and Nancy Callari is a Mortgage Consultant at HUNT Mortgage.

Together, Susan leads the discussion on preparation in order to purchase a home.

To find out more, listen to this week's show.




Monday, November 6, 2017

11/4 Radio Show: Kathleen DiMillo & Marietta Cimato-Zygaj

Guest host, Susan Ballard, welcomes Kathleen DiMillo & Marietta Cimato-Zygaj to the show.

Kathleen DiMillo is one of our leading real estate professionals working out of our Lockport office.

Marietta Cimato-Zygaj is a Branch Director leading our Williamsville Clarence office. 

Together, Susan leads the discussion on the current real estate market and the shortage of homes. 



Monday, October 30, 2017

10/28 Radio Show: Jill Jedlicka

Your host, Peter Hunt, welcomes Jill Jedlicka to the show.

Jill is the Executive Director and Riverkeeper at Buffalo Niagara Riverkeeper®.

Together, Peter leads the discussion on education on how to preserve and protect our water.

To find out more, listen to this week's show! 



Thursday, October 26, 2017

Third Quarter Home Sales Slowed in Erie and Niagara Counties


Prices Soared in Buffalo During the Third Quarter

Home prices in the Greater Buffalo-Niagara Falls Market increased in the third quarter as inventories of homes for sale reached new lows. Sales declined during the quarter as the summer sales ended and homes took longer to sell, according to the third quarter market report from HUNT Real Estate ERA.
Supplies of Homes Trail 2016
Inventories in Erie and Niagara Counties rose slightly during the third quarter but remained very low, 12 to 18 percent below last year at this time. Supplies were large enough to fulfill demand for only 2.7 months in Erie County, 15.6 percent less than a year ago.  
Tight supplies in Erie County improved during the quarter and homes took three days longer to sell in September, but still sold in only 28 days — 22 percent faster than a year ago.  
In Niagara County, homes sold in 36 days by the end of September, nine days slower than in July.
Sales Declined from Last Year
Sales declined in Niagara County by 20 percent during the quarter due to low inventories, but sales in Erie County fell only 1 percent. Sales in both counties continued to trail sales from a year ago by 17.5 percent in Erie County and 25 percent in Niagara County.  
With fewer homes on the market, prices rose steadily during the quarter, increasing 4 percent in Erie County and 5.7 percent in Niagara Counties.  By the end of the quarter, prices in both counties were well ahead of last year.
“Opportunities for home sellers continue to be excellent throughout Erie and Niagara Counties.  Prices are rising quickly and homes are still selling in less than one month.  Sales are slowing down as the summer ends, but prices will probably end the year significantly higher than last year,” said Peter F. Hunt, Chairman and CEO of HUNT Real Estate Corporation.
Buffalo Prices Jumped 24 Percent in the Third Quarter
The median sale price of homes in the city of Buffalo soared from $100,000 to $124,000 during the quarter, a 24 percent increase in three months.  In September, Buffalo’s median price was 83.1 percent higher than it was in September 2016 as it began to rise in June and accelerated appreciation through the third quarter.  The huge year-over-year price growth reflects both price declines last summer and fall and price appreciation over the past four months throughout the summer sales season.
Buffalo’s inventory entered the spring buying season with 38 percent fewer homes for sale than the previous year.  Low inventories plagued the market during most of the summer.  By the beginning of the third quarter, the city’s supply of homes for sale trailed last year by 20 percent. From July through September, inventories steadily rose as sellers responded to rising  prices.  By the end of the third quarter, supplies were only 11.5 percent lower than a year ago.
Sales in Buffalo fell 8 percent during the quarter as summer ended. Homes took longer to sell as demand fell, rising from only 17 days in July to 26 days in September, nearly 30 percent faster than a year ago.

Buffalo Home Prices Through the Third Quarter

Source: Western New York Real Estate Information Systems

Prices Rose 4 Percent in Erie County
Despite Buffalo’s price surge, prices in Erie County as a whole rose only 4 percent during the quarter to reach a median price of $158,500. During the quarter, sales increased very slightly and homes took slightly longer to sell. Inventories of homes for sale rose 4.5 percent during the quarter, which helped sales and moderated price increases.  
Niagara County Home Prices Rose 20 Percent
Single-family home prices in Niagara County rose slightly in August and now are 19.6 percent higher than they were just a year ago.  The county’s median sale price reached $141,000.  Sales were up 2.1 percent over July and trail last year by less than 1 percent.  Inventories, however, are very low compared to a year ago.  Though new listings in August rose 10 percent over July, the total supply of homes for sale in the county is 21.6 percent below a year ago. With fewer homes on the market, Niagara County homes are selling in 32 days, compared to 50 days a year ago.  The county ended the quarter with only a three month supply of homes for sale.

Niagara County Home Sales Through the Third Quarter

Source: Western New York Real Estate Information Systems

About HUNT Real Estate Market Reports
HUNT’s monthly market reports help home buyers, sellers and homeowners track current trends in their real estate markets.  The reports are analyses based latest data from area multiple listing sources available from Western New York Real Estate Information Systems.



Monday, October 9, 2017

10/7 Radio Show: Eric Heffler

Guest host, Robert Blake, welcomes Eric Heffler to the show.

Eric Heffler works on the revitalization of Buffalo properties.

Together, Rob leads the discussion on flipping properties.

To find out more, listen to this weeks show. 


Monday, October 2, 2017

What is it about the Elmwood Village?



Posted By Sarah Klaiber
How would you describe the city of Buffalo today...revitalized, growing, fun, energetic? It’s a popular destination for tourists and businesses. It’s a desired location for home buyers and investors. The Elmwood Village had quickly become one of Western New York’s most highly demanded areas. Listen as Ty DiMatteo explains that “It’s not about buying a home, it’s about being part of a community.”  Stay tuned for highlights from other great areas including our other regions!

9/30 Radio Show: Ty DiMatteo

Your host, Peter Hunt, welcomes co-host Jonathan Orlow to the show and his guest Ty DiMatteo.

Ty DiMatteo is a Licensed Real Estate Salesperson working out of our Buffalo Metropolitan office.

Together, Peter leads the discussion on current happenings and people relocating to downtown Buffalo.

To find out more, listen to this week's show. 

Tuesday, September 5, 2017

9/2 Radio Show: Marietta Cimato-Zygaj & Robert Blake

Guest host, Peter Scarcello, welcomes Marietta Cimato-Zygaj & Robert Blake to the show.

Marietta Cimato-Zygaj is our new Branch Director at our Williamsville Clarence office.

Robert Blake is one of our leading real estate professionals working out of our Buffalo Metropolitan office.

Together, Peter leads the discussion on Marietta's recent move back to Buffalo from Colorado. 



Tuesday, August 15, 2017

8/12 RadioShow: James Ostrowski

Your host, Peter Hunt, welcomes James Ostrowski to the show

James Ostrowski is a Constitutional Attorney in Buffalo, NY.

Together, Peter leads the discussion on Buffalo's economic planning and development.

To find out more, listen to this week's show. 

Monday, August 7, 2017

8/4 Radio Show: Chris Jacobs

Your host, Peter Hunt, welcomes Chris Jacobs to the show.

Chris Jacobs is the New York State Senator representing Western New York in the 60th Senate District, sworn into office in January 2017. The district includes parts of the City of Buffalo, the City of Tonawanda, as well as the towns of Brant, Evans, Grand Island, Hamburg, Orchard Park and Tonawanda.

In 2011 he was elected Erie County’s ninth County Clerk and re-elected in 2014, Chris is the first Republican Erie County Clerk in 40 years.

Raised in Buffalo, Chris Jacobs has been a vocal advocate for expanding local business development and improving educational options.

Together, Peter leads the discussion on the upcoming projects that will take place at historic Canalside Buffalo. Projects include to restore a historic caracul, improvements on the Childs Museum and expansions at the naval park.

To find out more, listen to this weeks show.


Tuesday, May 16, 2017

5/13 Radio Show: Deacon Tasker

Guest host, Jonathan Orlow welcomes Deacon Tasker to the show.

Deacon Tasker is one of our leading real estate professionals working out of our Buffalo Metropolitan office. Deacon manages the Fisher Pond patio homes that are located in Williamsville.

Together, Jonathan leads the discussion on Fisher Pond homes.

To find out more, listen to this week's show. 


Friday, May 5, 2017

Market Match in Albany, Buffalo, Rochester & Syracuse

By Jennifer Riner, Trulia

The gap between what buyers want compared to the current home supply is widening in many U.S. metros, predominantly affecting starter and trade-up homebuyers. Not only are their options slim, but homes available in the low-to-mid price range are more susceptible to multiple offer scenarios and bidding wars. According to an online, Harris Poll conducted on behalf of Trulia, 58.5 percent of Americans who’ve been looking to buy over the last two years say the home purchase process was either somewhat or very competitive.

The difference between demand and supply within the three primary home price tiers (starter, trade-up, premium) is a real estate phenomenon aptly-named the “market mismatch.” As of the fourth quarter in 2016, the national market mismatch score across home price categories jumped to 7.4 percentage points. On average, homebuyers throughout the country are repeatedly searching for starter and trade-up homes in markets with a larger supply of premium properties.

For instance, the Dallas real estate market holds the highest mismatch score in the nation at 17.5 percentage points. On the other hand, Bakersfield homebuyers can rest easy knowing their market has the smallest average market mismatch gap (1.4 percentage points) across all home price tiers.

Despite low inventory creating tough home buying conditions in many markets, the Western, Central and Upstate New York markets are encouraging for homebuyers. Consider the following four markets with relatively balanced supply and search conditions, in order of their market mismatch scores.

Clinton Sq Fountain (1).jpg
Syracuse
Syracuse is no. 10 among U.S. metros with the smallest market mismatch at 3.4 percentage points. Almost a third of Syracuse home searches fall within the starter home category, giving way to 31.9 percent of listings that fit the typical entry-level budget. Meanwhile, the 24 percent of local searches earmarked for trade-up homes pair with 19.3 percent of Syracuse homes for sale. Premium homebuyers have the most flexibility, accounting for 43.8 percent of home searches with access to nearly half of all residential inventory.

High Falls Sky (1).jpg
Rochester
Rochester is the second best matched market, following Syracuse, at an average variation of 3.8 percentage points. Starter home supply and demand is almost entirely balanced, accounting for 29.9 percent of searches and 30.6 percent of listings. Trade-up homes have greater demand than supply with 26.5 percent of searches and 20.8 percent of the inventory. Again, premium homebuyers in Rochester have the most wiggle room. High-end properties make up 48.6 percent of the market and 43.6 percent of searches.

_MG_9346_AuroraHDR_HDR.jpg
Buffalo
Across price segments, there is a 4-percentage point difference between search demand and homes for sale in Buffalo. For entry-level homes, Buffalo has a for-sale surplus at 32.5 percent of all listings compared to a corresponding search rate of 30.1 percent. Trade-up homes are scarcer, representing just 20.5 percent of available listings compared to 26.5 percent of all searches. Premium homes make up 43.4 percent of searches and 47 percent of listings.

Albany Brownstone.jpg
Albany
Albany’s market mismatch score is below the national average at 5.1 percentage points. The starter home segment is nearly level at 33.8 percent of all searches and 31.8 percent of all homes for sale in Albany. Trade-up buyers are at a slight disadvantage, however. They make up 24.5 percent of home searches, but only 18.9 percent of homes are a suitable match, financially speaking. Although benefiting buyers, the largest discrepancy between demand and supply lies within the premium home market. In the first quarter of 2016, premium homes accounted for 41.7 percent of searches, akin to nearly half of all residential listings at that time.

Low supply feeds high competition bidding wars and multiple offer scenarios, particularly during the swift spring selling season. But, in markets like Syracuse, Albany, Buffalo and Rochester, the distinctive stability between supply and search demand helps preserve affordability and opportunities for everyone.


Monday, March 13, 2017

3/11 Radio Show: Susan Ballard

Your host, Peter Hunt, welcomes Susan Ballard to the show.

Susan Ballard is a Branch Director at our Williamsville Village office.

Together, Peter leads the discussion on the current shortage of inventory and over bidding on houses.

To find out more, listen to this week's show. 


Monday, March 6, 2017

Radio Show 3/4: Michael Weiner

Your Host, Peter Hunt, welcomes Michael Weiner to the show.

Michael Weiner is President and CEO of The United Way.

Together, Peter leads the discussion on giving back the community.

To find out more, listen to this week's show. 


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