Jan 07 Jan 08 Jan 09 % of Change
Cattaraugus $70,000 $62,000 $48,500 -30.7
Chautauqua 70 48 35 -50
Cattaraugus 51 41 29 -43.1
* A major contributing factor to the decline in SF home sales is the harsh 08-09 winter the incentive to look at homes is diminished greatly with piles of snow and 0-20 degree weather. Relief of this WNY fact of winter life will help drive the market into the spring and summer months.
For New York home buyers there may never be a better time to buy a home than today. Today's market boasts improved affordability, historically low mortgage rates and a great inventory of homes to choose from. Plus first time home buyers have added benefit of a new $8,000 federal tax credit.
Source: New York State Association of Realtors
For More Information on Chautauqua Lake Real Estate & Living Visit: www.chautauqualakehomes.com