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Chautauqua County housing market sees jump in homes for sale

February 19, 2013

A rise in confidence is one way to explain why there are more houses for sale in Chautauqua County....

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(20)

rosebud

Feb-19-13 4:17 AM

That is stupid. There are more homes for sale, DUH.. There are not more buyers. Why would you even print a thing like this ????

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Captain

Feb-19-13 4:30 AM

People are moving out of NYS, hence the dramatic increase in home sales. Spin it any way you like. Those who live in denial avoid facing reality.

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Christopher

Feb-19-13 5:49 AM

Close a few more plants.

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225522

Feb-19-13 6:19 AM

Seems like this report is: Lipstick on a pig. Another cheerleader report when the game is over and not won. i.e. You don't sweat much for a fat person.

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riley007

Feb-19-13 7:42 AM

Wow. This article makes the left wing media look objective. I want the time wasted reading this propaganda back. The disturber will be getting a bill.

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joew

Feb-19-13 8:03 AM

The Observer printed a story based on information given to them by the Board. Whether it meets criteria for how you feel or not it is accurate reporting based on the source. In other words people"don't shoot the messenger"!

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commentor

Feb-19-13 8:08 AM

Intelligence like this is what makes this County what it is.

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localresident

Feb-19-13 9:10 AM

Christopher, I'm not sure there are enough plants left here to make "a few"...

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PhilJulian

Feb-19-13 9:18 AM

What a joke! This article puts a happy face on a desperate situation. There are more homes for sale because people are leaving - they are voting with their feet. There are more homes for sale because factories are closing AND GOOD PRIVATE SECTOR JOBS ARE RARE. There are more for sale because taxes are excessive. There are more for sale because the quality of life is on the decline and finally, there are more for sale because our over-sized government STINKS!!!!!!!

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Dcronlg

Feb-19-13 9:33 AM

This article is just goofy.

Normally, when there's an increase in inventory, its because the long term forecast supports an investment increase in production. But this residential inventory increase is an aggregation of independent owners -- not a single decision point.

The fact that closing are down year-over-year and taking longer tells the entire story: the market is BAAAAADDD.

And now, with inventory markedly increasing, the market is WOOOORSE.

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HaveANiceDay

Feb-19-13 9:56 AM

Wait........people are moving OUT of New York? How is that possible?????

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FredoniaFred

Feb-19-13 11:04 AM

If people are selling their houses and moving out of NYS, somebody is buying that house. Are these first time home buyers choosing to stay in NYS or people moving to NYS?

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kcw007

Feb-19-13 1:00 PM

I believe that there's been a significant increase in the number of foreclosures being placed on the market in recent months. Often these properties have been just sitting empty, often for a couple of years now. There are several in my own neighorhood which I knew of and which have recently been sold. That's a good thing I suppose, other than the selling prices appear to be averaging at no more than 2/3rds, or so, of current tax assessed valuation. I suppose the other good side of that is that there are indeed people looking to buy, but they know it's a buyer's market and bid accordingly. Unfortunately there's so much of that stuff still sitting there that it can't help but temper the price of non-foreclosure comparables until that inventory is sold off; which is going to take a few more years at least.

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DKexpat

Feb-19-13 2:06 PM

"...the increase in the number of houses for sale shows that people in the county are confident the house will get bought."

Very nic spin...but it's more like people eager to leave WNY at any cost, much less foreclosure sales.

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Captain

Feb-19-13 6:18 PM

"The median house was $39,055 in 2008 and $86,500 at the end of 2012."

Wow!!! Thanks for reporting on how fortunate we are to have our home values increase so much...more than doubled in 4 short yrs!!!

The only thing I'm "confident" about is that this story has a hidden motive. Since property owners' homes are now allegedly worth so much more, there's no reason to complain about the next major county tax hike that we all know is coming soon.

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Chuck392

Feb-19-13 8:42 PM

FredoniaFred is the only poster that got it right. People end up buying these houses and move in. For the rest of you, how about a little cheese with your w(h)ine?

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judeye

Feb-20-13 8:18 AM

rosebud..I thought so as well until I read the last paragraph..

There were 93,582 closed sales in 2012 in the state, up from the 87,459 homes sold in 2011. The 23,694 closed sales in the fourth quarter of 2012 represented a 6.1 percent increase from the 2011 fourth quarter.

SALES are up. That is GREAT news. The average sale price of a house is up.

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Mason1

Feb-20-13 1:34 PM

I believe Jan Murray is trying to be so positive that she is out of touch with reality. I have had homes on my street for sale and no takers. They usually go off the market when the realators contract to sell is up. 25 years ago these homes on this street would not have lasted 2 months without being sold. Take a ride around our area. Lots of homes not lived in and just abandon. Lots of rentals that landlords are just hoping to turn enought profit to cover taxes and maintenance and forget the profit. Terrible assement by Jan.

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timetomove

Feb-20-13 7:54 PM

Is this woman running for office? It sounds like something a politician would say. Just like the wonderful job growth that is always talked about in agendas. I read this article and see others realize this place is in the tank and time to move on to greener pastures im counting my days, done with this place.

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Chuck392

Feb-22-13 6:50 AM

"Lots of homes not lived in and just abandon. Lots of rentals that landlords are just hoping to turn enought profit to cover taxes and maintenance and forget the profit."

Maybe in your part of the county, but in mine, I can't say any homes are abandonded and rentals are full with people having a tough time finding places. I will say that sales are terribly sluggish and take a very long time to happen.

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