Chautauqua County Real Estate Sees Active Sales Period in April
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The real estate landscape in Chautauqua County experienced a dynamic period in mid-April, marked by several notable transactions. Convenience store buildings were sold, a long-time grocery store closed, and numerous residential properties changed ownership, reflecting ongoing shifts in the local market.
Convenience Store Buildings Change Hands
Two commercial properties housing crosby’s convenience stores in Chautauqua County have a new owner. Lake County Dairy, Inc. of naples, Florida, sold the buildings at 128 E. Main St., Westfield, and 116 East Main St.,Falconer,to Hawley Development Corp. for $430,000.
These locations have operated as Crosby’s for several years. Reid Stores Inc. acquired these stores, along with a location in Bemus Point/Greenhurst, back in 2010 and rebranded them under the Crosby’s banner.
Longtime Cherry Creek Grocery Store Closes
In Cherry Creek, Mendles Crossroads Grocery, a business that served the community for 35 years, has permanently closed. The property at 25 Main St. was sold by the executor of the Estate of Mendle Johnson to Timothy Murphy for $95,000.
Did You Know? Small, local grocery stores play a vital role in rural communities, providing essential goods and services where larger chains may not be present.
Residential Sales Dominate Transactions
The largest single sale during this period was a private residence located at 3290 Cheney Drive, Ellery, which sold for $2 million. between April 15 and April 21, there were 50 recorded real estate transactions in Chautauqua county.
Additional Real Estate Transactions
here’s a snapshot of other notable sales during this period:
- 417 Hazzard St., Jamestown to Andrew Dubois for $92,000.
- 114 Harris Ave., Jamestown to Erin Brumagin for $65,000.
- 2833 Greenman Road, Mina to Joseph and Karen Dixson for $230,000.
- 4007 N. Clifford Ave., Ellery to Jefferson Hills re Holdings, LLC for $200,000.
- 206 Columbus Ave., Dunkirk to Aglae Echevarria Borrero for $2,000.
Pro Tip: Reviewing local real estate transactions can provide valuable insights into market trends and property values in specific areas.
chautauqua County Real Estate Market Overview
The Chautauqua County real estate market reflects a mix of commercial and residential activity. Understanding these trends requires analyzing factors such as interest rates, local economic conditions, and population shifts. According to the National Association of Realtors, existing-home sales were down 2.8% nationwide in April 2024, but median sales prices increased by 5.7% year-over-year, indicating continued demand in many markets National Association of Realtors.
The local market dynamics in Chautauqua County may differ, making it essential to consult with local real estate professionals for tailored advice.
| Property | Location | Sale Price |
|---|---|---|
| 128 E. Main St. | Westfield | $430,000 |
| 116 East Main St. | Falconer | $430,000 |
| 3290 Cheney Drive | Ellery | $2,000,000 |
| 25 Main St. | Cherry Creek | $95,000 |
Understanding Real Estate Trends
Real estate transactions are a key indicator of economic health. Analyzing sales data helps identify emerging trends, assess property values, and understand investment opportunities. Factors influencing real estate markets include interest rates,employment rates,and demographic shifts. Staying informed about these factors is crucial for making sound real estate decisions.
Frequently Asked Questions About Real Estate
- What factors influence real estate prices?
- Real estate prices are influenced by various factors, including location, property size, condition, interest rates, and local economic conditions.
- How can I find reliable real estate data?
- Reliable real estate data can be found through local government records, real estate websites, and professional real estate agents.
- What is the role of a real estate agent?
- A real estate agent assists buyers and sellers in navigating the real estate transaction process, providing expertise and guidance.
What are your thoughts on the current real estate market in Chautauqua County? What factors do you think will influence future trends?
Disclaimer: this article provides general information about real estate transactions and should not be considered financial or legal advice.Consult with a qualified professional for personalized guidance.
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