New York Real Estate - The Empire State
By Raynor James, Fri Dec 9th
From Niagara Falls to the Catskills to a little city with theBig Apple nickname, New York is truly the Empire State. New Yorkreal estate prices reflect this lofty nickname.
New York
While New York City gets a lot of publicity, New York is a statewith a lot more to offer. Go upstate and you'll find spas, horsefarms and resorts in the green, towering Catskills andAdirondacks. Lakes and springs present throughout the state arealso popular places to live and visit. Of course, if city lifeis your thing,
there's a little, unassuming place called NewYork City.
New York City
Where does one even begin to describe New York City? I'm noteven 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 realestate prices. This is one of those situations where if you haveto ask about the price of a home, you can't afford it.
Buffalo
The second largest city in New York, Buffalo is a misunderstoodcity. Known for getting massive amounts of snow in the winter,Buffalo actually has a lot to offer. A very wealthy town duringthe industrial revolution, the town has beautiful art-decoarchitecture and historic Victorian homes in the downtown area.A bit sprawling in the suburbs, Buffalo offers reasonably pricedreal estate compared to the rest of Niagara Falls. Lake Erie tothe west of Buffalo makes a great setting for summer fun.
Rochester
A sprawling city, Rochester is dominated by some of thebest-known brands in the world. Home to such companies as Xerox,Kodak and Bausch & Lomb, the city offers plenty of jobs and adistinct well-healed atmosphere. This is particularly true inthe downtown area, which reflects the economic strength of thesecompanies.
New York Real Estate
New York real estate prices are entirely dependent upon thespecific location. If you're looking for a home in New York Cityproper, a bank robbery may be in your future as an absolutecloset 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 runan additional $30,000. Appreciation rates for New York realestate were a little more than 13 percent in 2005, but differgreatly by location.
About the author:Raynor James is with http://www.fsboamerica.org - FSBO homes forsale by owner. Visit our "sell my home" page athttp://www.fsboamerica.org/seller.cfm to sell your own homeyourself with a free 1 month listing.
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