Tuesday, June 3, 2008

Skaneateles Real Estate - The Weekly Update

So much to write, so little time....maybe just spot notes so I don't miss anything.

Active listings, listen up! We now have 149 residential listings in the Skaneateles area. I think it's like the price of gas - it just keeps going up with no end in sight.

There were 14 new residential listings this past week: 4 re-lists, 2 new construction possibilities, and 1 commercial building listed as a single family because it has an apartment in it.

There are now 18 closed properties for the year. Last week a waterfront property, pended in September of last year, closed. List price: $739,000. Closed price: $775,000. May I say "Go figure"? The answer is "location, location."

There was a lovely home marked contingent on the west side of the lake with lake rights - and in this case it was "condition, condition." Very beautifully remodeled home on incredible grounds - and under $500,000.

I checked out last year in the multiple listing service. I may be doing something wrong, but I get only 30 new listings for the entire year. It doesn't seem possible with 112 (!) new listings this year already. I know other Realtors read my blog - do you get the same response?

Speaking of reading, check the comment that came in under the blog "Everything that Rises..." It's a self-described "rant, " and worthy of a read.

But I must end on a good note. Yesterday about 200 Realtors gathered in Liverpool for a four hour ethics class, mandatory for continuing education. It's often fun to go to these things - good information, too - and I enjoy meeting people with whom I've only spoken. There was also a sizeable Skaneateles showing. One person spoke about offers coming in $200,000-$300,000 over previous offers and a hoot of derision went up from the audience. It's a different world out here; hyperbole is rampant.

The good note: at the breaks I was deluged with calls, but so apparently was everyone else. I heard exclamations of "Where have they been the last three weeks - now they call?" It just seemed as if things were beginning to pop again.

The proof is in the pudding, as they say - we'll see what next week holds!