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Buffalo’s High End Real Estate Market Holding Up

While the nation is suffering from the worst housing collapse in 100 years and we just suffered the worst job loss in 34 years, Buffalo’s high end residential real estate market seems to be holding up just fine. 

Months ago, a classic Duane Lyman estate at 37 Middlesex Road was sold for a reported $1.3M.  That was down from the initial $1.75 million asking price, but still represented a new record for Buffalo real estate.  Now, Kristan Andersen from Gurney, Becker and Bourne has a Rumsey Road house – located directly across from Delaware Park – listed for $1.15 million. 

The Rumsey house is over 6,300 square feet and has 5 bedrooms and 4.5 baths.  With a billiard room and a flagstone terrace, this 1922 tudor is a great home for any Buffalo industrialist – or lawyer or doctor. 

At the same time, Uniland is making progress on the Avant building.  With 8 of 27 units priced at over $1 million, realtors – and developers – certainly believe there is demand for high end living in Buffalo – even in today’s economy.  
 

 

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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