>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.
More Information:Visit
http://www.fsboamerica.org/ for more details.
Categories
