Monday, March 24, 2008

Skaneateles Real Estate - The Weekly Update

Listings continue to increase with the coming of spring. We now have 94 single family residences on the market. About 77 of these are actual homes, and the other 17 are "to be builts" placed by the builders' agents to show what could be placed on their lots. A good sign of the coming warm weather is that 2 of the new listings are waterfront. Soon we'll be basking by the water!

There were no closings or contingent contracts filed this week. As I went through the hotsheet last week I saw a closing in Skaneateles and was excited, knowing it would show up in this blog. Unfortunately - or not - it was a home I'd sold and closed on back in February. The agent's company just closed it out on the exchange. But still - it's a closing!

Adding to the listings this week were condos, 10 of them in the Seitz Building at the corner of Jordan and Genesee Streets. These have 1 or 2 bedrooms, with great views, and retail in the 500K range. There are three others on the market, also - 2 for $289,900 and a waterfront two level for $1,600,000. Condos are relatively new to Skaneateles but the success of the Thayer House on Genesee Street has encouraged others to try this form of ownership. There's also a tax advantage, but that's a further discussion.