




With about 10,000 residents calling Buffalo MN home, this is a small community with a thriving art scene. My family enjoys going to the Buffalo Community Center a few times a year to see the magnificent plays that the facility produces. We also appreciate the Buffalo Community Orchestra a couple times each year. This orchestra has more than 50 members and instruments for a full sound that can’t be beat.
As for schools, the Buffalo MN schools are great for teaching students how to succeed. The town has 10 schools as part of the Buffalo-Hanover-Montrose School District. The reviews of the schools by parents of students at these schools are raving and we are very pleased at the way in which our kids are encouraged to learn. We also appreciate how the teachers are preparing our kids for the future job market which is going to be extremely competitive.
The Buffalo real estate neighborhoods are popular because they have semi-rural and suburban settings. The Four Seasons is one such neighborhood which is ideal for families. It offers more than 10 floor plans to choose from and is located right next to the lush Shamrock Golf Course and the scenic Cook Lake. The Sundance Ridge neighborhood is ideal for families because it is centrally located with several schools within walking distance. Other Buffalo MN neighborhoods include Dear lake, Hazelwood East and West Cliffe.
Homes in the Buffalo MN real estate market range from the ones that were built in the 1980s to homes that were recently built. You can find a variety of prices with many hovering around the $100,000 range and others in the $700,000 range and above for the more discerning home buyers with larger budgets. The majority of the homes, however, fall in between these two prices.
The median sales price of a home was $127,000 in December it was higher y/y in Buffalo it was up absolute $2,000 dollars in the past year. What is the months of supply of inventory for homes for sale in Buffalo? The latest reports of 3.6 months was reported in December, 2011 it was down -12.2% m/m. Several of us at the Buffalo Real Estate Group were talking current market conditions for the month of December 2011, it was down 6.1% vs last year to 92.5% of list price. Buffalo saw 25 new listings in December that was higher year over year, up 78.6%. Buffalo Real Estate Team were talking inventory of real estate for sale for the month of December 2011, it was down -42.4% in the past year. December, 2011 the $142,191 avg real estate average sales prices in Buffalo was higher m/m it was up 0.7%. Buffalo closed sales dropped -24.4% mo/mo in December that something we are watching and concerned about with our Buffalo Real Estate Team. In Buffalo the average days on the market declined -41.1% yr/yr to 99 in December that we would like to see continue with our Buffalo Real Estate Group.









