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Comprehensive Plan 31 Housing Sales Based on data collected from Town of Aurora Landmax, which compiles information SFH MFH Seasonal Mobile from public records (tax assessor, county deed records, etc.), there Count Avg $ Count Avg $ Count Avg $ Count Avg $ were 86 homes sales in the Town 2013 54 $294,905 1 $93,752 0 N/A 0 N/A of Aurora throughout 2023, a 56.4% 2023 85 $473,098 1 $426,769 0 N/A 0 N/A increase compared to the 55 home sales in 2013. Through both years, single-family homes were by and Erie County large the most common home sale SFH MFH Seasonal Mobile type, making up 98.2% of home sales in 2013 and 98.8% in 2023. Even after Count Avg $ Count Avg $ Count Avg $ Count Avg $ accounting for inflation, the average 2013 4,180 $171,379 387 $175,399 10 $61,376 3 $61,000 home sale price increased by 62.3% or $181,311 over this 10-year window. 2023 7,165 $307,300 886 $291,608 6 $82,608 7 $63,057 Compared to Erie County as a whole, the increase in home sales prices in Single Family Home Sales (Landmax) Multi-Family Home Sales (Landmax) Aurora outpaced the county, which saw only a 37% increase—equivalent SF Inflation MF Inflation Sale Price Sale Price to $85,064—over the same period. Sales Adjusted Sales Adjusted Over the five-year period from 2020 112 $354,281.40 $432,077.40 2020 1 $380,000 $463,443.49 2020 to 2024, the Town of Aurora 2021 134 $351,950.80 $401,017.80 2021 3 $300,00 $341,824.30 experienced a surge in real estate sales immediately following the 2022 142 $445,411.10 $487,440.57 2022 0 $0 $0 onset of the COVID-19 pandemic 2023 86 $458,913.40 $475,258.00 2023 1 $414,000 $428,745.00 (2021–2022), with 134 single family 2024 67 $480,618.30 $483,765.50 2024 0 $0 $0 home sales recorded in 2021 and 142 in 2022. Since then, the number of single-family home sales has Year Over Year returned to pre-pandemic levels, Year Count Average Cost ($) % Change with 86 sales in 2023 and 67 sales in 2024. In reviewing the most recent 2013 78 $240,947 N/A sales, there are clusters of activity 2014 83 $275,430 14.3% near the Village of East Aurora, with a particularly high concentration 2015 68 $281,895 2.3% of sales along Aurora Mill Road, 2016 95 $313,268 11.1% Milestone Drive, and Creekstone Drive. These sales mostly involve 2017 89 $313,845 0.2% newly constructed homes. When 2018 91 $345,569 10.1% comparing sales prices over this same 2019 93 $347,977 0.7% period—and adjusting for inflation— single-family home prices increased 2020 92 $360,561 3.6% by more than $50,000 on average. 2021 81 $399,854 10.9% In contrast, multi-family home prices remained relatively steady, ranging 2022 99 $489,262 22.4% from $341,000 to $463,000. However, 2023 64 $460,461 -5.9% there was considerable fluctuation due to the small number of multi- 2024 73 $481,702 4.6% family transactions (only five) during this span. Housing sales transactions for single-family homes were also compared against MLS data from 2013 to 2024. MLS Brokerage data is data collected and managed by real estate professionals (brokers and agents) who list properties for sale or lease. When excluding the Village of East Aurora, the following sales trends emerged. The Realtor MLS database recorded a higher total number of transactions in 2013; however, the average sales price was approximately 18% lower than that reported by the Landmax system. By 2023, the most recent year with data from both platforms, MLS recorded seven fewer transactions, with an average sales price 2.7% lower than that reported by Landmax. However, this data only includes transactions reported in the Realtor MLS database and does not account for private sales conducted independently. Year over year, MLS Brokerage data reported an average sale price increase of 6.8% for Aurora homes. Nationally, home sale prices typically increase by 3-5% annually; across Erie County, home sale prices increased by 6.3% on average each year.