From
Niagara Falls to the Catskills to a little city with the
Big Apple nickname, New York is truly the Empire State.
New York real estate prices reflect this lofty nickname.
New
York
While
New York City gets a lot of publicity, New York is a
state with a lot more to offer. Go upstate and you’ll
find spas, horse farms and resorts in the green,
towering Catskills and Adirondacks. Lakes and springs
present throughout the state are also popular places to
live and visit. Of course, if city life is your thing,
there’s a little, unassuming place called New York City.
New
York City
Where
does one even begin to describe New York City? I’m not
even going to try other than to say it is perhaps the
dominant “big city” in the world. Space is at a premium
and so are real estate prices. This is one of those
situations where if you have to ask about the price of a
home, you can’t afford it.
Buffalo
The
second largest city in New York, Buffalo is a
misunderstood city. Known for getting massive amounts of
snow in the winter, Buffalo actually has a lot to offer.
A very wealthy town during the industrial revolution,
the town has beautiful art-deco architecture and
historic Victorian homes in the downtown area. A bit
sprawling in the suburbs, Buffalo offers reasonably
priced real estate compared to the rest of Niagara
Falls. Lake Erie to the west of Buffalo makes a great
setting for summer fun.
Rochester
A
sprawling city, Rochester is dominated by some of the
best-known brands in the world. Home to such companies
as Xerox, Kodak and Bausch & Lomb, the city offers
plenty of jobs and a distinct well-healed atmosphere.
This is particularly true in the downtown area, which
reflects the economic strength of these companies.
New
York Real Estate
New
York real estate prices are entirely dependent upon the
specific location. If you’re looking for a home in New
York City proper, a bank robbery may be in your future
as an absolute closet is going to run you close to a
million if not more. Things aren’t as bad elsewhere.
A
single family home in Buffalo will set you back roughly
$225,000 on average, while the same home in Rochester
will run an additional $30,000. Appreciation rates for
New York real estate were a little more than 13 percent
in 2005, but differ greatly by location.
Raynor
James is with
http://www.fsboamerica.org - FSBO homes for sale by
owner. Visit our "sell my home" page at
http://www.fsboamerica.org/seller.cfm to sell your
own home yourself with a free 1 month listing.
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