Monday, May 5, 2008

Skaneateles Real Estate - The Weekly Update

Amazing! There are now 122 active listings in the Skaneateles area! Unbelievable! I remember when they averaged about 50, not that long ago.

So these listings: 34 of them are legitimate waterfront (as in on Skaneateles Lake) listings. Several are more probably shared lakefront masquerading as waterfront. The price always tells the truth.

The most expensive waterfront listing is $3,420,000 on West Lake Road. This is actually a "to be built" right on the water, with an artist's conception of over 4,000 square feet of fabulous living space. The lot alone is valued at 1M plus a good deal.

The least expensive is at the south end of the lake, in the Glen Haven area. Only $279,000 - a virtual bargain!

This past week a house sold, as evidenced by being marked contingent in the computer. It was a small place, listed and re-listed, over on Fennell Street near the commercial area. The last list price was $149,900.

Still only 16 closings this year so far. I heard a very interesting presentation this morning from a man who had been in the business for years and years, Joe Meyer ( His take on the real estate situation is that it all swings, and soon homes will start selling, and when they do they will really sell. Kind of like those superdelegates.....just waiting for the floodgates to open.....