Tuesday, February 17, 2009

Skaneateles Real Estate - The Weekly Update

Here we go - short but sweet!

There are currently 120 active single family homes listings in the Skaneateles area. The two new listings that came on are actually re-lists, a waterfront and an outside of the village home. This makes sense because there were no open houses today, the usual day for brokers' opens. Last week I believe there were only two.

We have two new properties marked as "K" for contingent. One had been on for almost a year, while the other came through three different agents/brokerages and several price changes. The last price was about 30% under the original list price. I understand this was not the final reduction, however. We'll see when it closes.

There are 12 homes marked "P" for pending, just waiting to close. Two are headed there next week and I can't wait! The publishing of the closings will take a couple weeks for the corporate offices to run through the paperwork and put it in the computer. The closings will certainly help Skaneateles statistics.

We have 5 closed listings for the year so far. Two of these are in the Jordan-Elbridge school district. All closed between $114,000 and $230,000. People are taking advantage of good deals and buying in to the area. None are waterfront or new construction. Each was sold by a different brokerage firm.

We have our work cut out for us this year. In the Sunday Post-Standard they've begun highlighting the five most expensive properties to close in Onondaga County. The range is usually $400,000 to $500,000 for the most to the mid-$200,000s for the fifth most expensive. Since the majority of properties listed in Skaneateles are above $200,000 we will most likely have the most expensive. Remember, the average price is still above $500,000!