NIAGARA FALLS, N.Y. (WIVB) — Joshua Stanek has lived in the Deveaux area of Niagara Falls almost a decade and says he’s noticed changes in the neighborhood through the years.
“More families actually cause I remember it was just me and my family and slowly overtime I guess more modern families came in with more kids,” said Stanek.
The Deveaux area is one of the spots seeing home ownership growth in the Cataract city. The Buffalo Niagara Association of Realtors recorded 490 home sales in the falls in 2015, which is up 35 percent from 2010.
“From a city perspective it’s a larger tax base it’s less vacancy, home ownership and we say this a lot, is as close to a silver bullet as there is,” said Seth Piccirillo, Niagara Falls Director of Community Development.
Data shows that the average 2015 home sale price in Niagara Falls also increased by 15 percent since 2008. The average sale price of single family homes reached a 5 year high in 2015, at over $60,000 per house.
“I see people who are priced out of Buffalo coming to Niagara Falls and purchasing beautiful old homes and renovating them,” said Karen Mock, Keller Williams Realty Buffalo Northtowns CEO.
Piccirillo says renovation grants and first time home buyer grants play a role in attracting people to live in the Falls. The Association of Realtors also found the number of successful first time home buyer grants in the falls increased over 200 percent from 2014 to 2015.
“People that are first time home buyers they often have young families they are starting their life here and that makes a huge impact on everything from property taxes, to school districts, it’s a game changer,” said Piccirillo.