2015 First Quarter Market Report

Posted on 04/23/2015 in Uncategorized.

As I’m sure you know it’s been a very brutal winter here in Western New York and Northwestern Pennsylvania: very cold, lots of snow, incredibly low, sub-zero temperatures and that did effect our real estate market. As you can imagine many buyers and sellers were thinking of other things besides buying and selling homes; however, we have had a remarkably good first quarter company wide, even though the weather conditions were not ideal. Our listings inventory, this year compared to last year, is up 9%. Low inventory has been an issue in the real estate market nationwide, so an increase in inventory is definitely a good thing for our company. earth map . Our transaction numbers, in terms of closed transactions year-to-date compared to last year, are up 20%, so we’re very excited that our company continues to grow we continue to increase our market share.

Some more exciting news for ERA Team VP Real Estate’s first quarter, we’ve opened two new satellite locations: one in Yorkshire, New York, which is located between our Ellicottville office and Buffalo, formerly the Buncy Real Estate company. We’ve got a great group of agents from Buncy who are now part of ERA Team VP. We’ve also opened in Bradford, Pennsylvania, formerly Real Living Avista properties. We’ve got a great group of agents in Bradford who complement our Warren, Pennsylvania location very well. We’re excited that we can continue to expand our footprint in the southern tier of Western New York as well as the Northwestern Pennsylvania.

Bill Soffel, Broker/Owner of ERA Team VP Real Estate & Vacation Rentals