Post Journal features article on real estate

The Post Journal recently ran the following article on Real Estate in Chautauqua County.
http://post-journal.com/page/content.detail/id/522403.html?nav=5018

Some quick points from the article were:

1. There was a 9% drop in the number of Real Estate sales in Chautauqua County.
2. There was an 18% decline in the number of single-family residential sales in Chaut. County in '08.
3. The median home price rose 2.3 percent last year in Chaut. County.

What this means in short is that there were fewer homes that sold, but not drastically. This can be attributed to the recession or an unwillingness to buy, which is what the Post Journal article seems to point to. However, the sheer amount of property on the market also greatly influences these numbers.

Meanwhile the rise in the median home price shows that the values throughout the county have not collapsed as they have in so many other areas. Real Estate in Chautauqua County sells at a reasonable price, and was not artificially inflated as it was in other areas, so there was no bubble to burst.

Combine this with low interest rates and government incentives like first-time home buyers tax credit and it makes this a great time to buy real estate in our area.

Howard Hanna Holt, www.howardhannaholt.com, offers comprehensive residential and commercial real estate sales, leasing and related services including real property appraisals, property management, development services, vacation property rentals and traditional rentals.
The company has permanent offices in Fredonia, Mayville and Westfield, and seasonal offices on the grounds of Chautauqua Institution and at the Bemus Bay condominiums (www.bemusbaycondos.com) in Bemus Point.
Howard Hanna is the third largest independent real estate company in the United States, the country's fifth largest full service real estate company and the sixth largest mortgage banking company in the nation.

~Nick Holt

Report finds Buffalo a top real estate market

The following article in Business First, highlights how well the Buffalo market is doing in comparison to other metropolitan areas during the recession, ranking as the nation's fourth-best housing market. Other non-NYC area markets also did very well: Syracuse ranked 2nd, while Rochester and Albany ranked 15th and 21st, respectively.

For the complete article click here.
http://www.bizjournals.com/buffalo/stories/2009/01/12/daily1.html

Howard Hanna Holt Real Estate Announces Buy Your Sweetheart a Home Day!

Howard Hanna Holt Real Estate will be celebrating Valentines Day and the Mayville Ice Festival by with by hosting a "Buy your sweetheart a home" day. On February 14th from 1-3 Howard Hanna Holt Real Estate will simultaneously hold 10 open houses accross Chautauqua County. The Open Houses are as follows:

Bemus Point: 3585 Mary Ellen Drive

Brocton: 107 West Main Street

Chautauqua: 4827 West Lake Road (The Hunt Lea at Chautauqua)

Forestville: 2-A Eagle Street

Fredonia: 48 Castile Drive, 57 Castille Drive, 43 Holmes Place, 89 Risley Street, 3 Casa Bella Drive, 167 Central Avenue.

For more information contact your local Howard Hanna Holt Real Estate Agent, or call one of our offices: Fredonia (716) 673-1800, Mayville (716) 753-7880, or Westfield (716) 326-7859.

Howard Hanna Holt, http://www.howardhannaholt.com,/ offers comprehensive residential and commercial real estate sales, leasing and related services including real property appraisals, property management, development services, vacation property rentals and traditional rentals.
The company has permanent offices in Fredonia, Mayville and Westfield, and seasonal offices on the grounds of Chautauqua Institution and at the Bemus Bay condominiums, http://www.bemusbaycondos.com,/ in Bemus Point.
Howard Hanna is the 3rd largest independent real estate company in the United States, the country's 5th largest full service real estate company and the 6th largest mortgage banking company in the nation.