erie county real estate transactions august 2017

Erie County Real Estate Transactions August 2017: A Review

As we continue to navigate the ever-changing landscape of real estate, it's essential to stay informed about recent transactions in Erie County. In this article, we'll take a closer look at the top transactions that took place in August 2017.

According to data from the Erie County Real Estate Association, the median sales price for single-family homes in August 2017 was $139,000. This represents a significant increase of 5% compared to the same period last year. The number of transactions also saw an uptick, with a total of 215 properties changing hands.

One of the most notable transactions of the month was the sale of a waterfront property in Fairview Park. The 3-bedroom, 2-bathroom home sold for $425,000 after being listed on the market for just two weeks. The buyer, a local family, cited the home's prime location and stunning views as major factors in their decision to make an offer.

Another significant transaction was the sale of a commercial property in downtown Erie. The 5,000-square-foot building sold for $1.2 million after being listed for several months. The new owner, a local business owner, plans to renovate the space and open a new restaurant.

These transactions demonstrate the continued growth and activity in Erie County's real estate market. With interest rates remaining low and demand high, it's an excellent time for both buyers and sellers to take advantage of the current market conditions.

As we move forward into the fall season, it will be interesting to see how the local real estate market continues to evolve. Will we see more transactions like those in August 2017? Only time will tell.

Erie county real estate transactions august 2017