Wednesday, May 13, 2009

Skaneateles Real Estate - The Weekly Update

The sun is out, there is no humidity or a cloud in the sky, I spent 2 hours in the dentist's chair this morning and I want to get a tan. So let's swing right into it!

There are currently 141 active listings in the Skaneateles area of the multiple listing service. Six new ones came on in the past week, something for almost everyone. There's the gorgeous home overlooking the lake for one million dollars, a small home in J-E school district for under 100K, a pretty waterfront village home, two others under $200,000 and down the lake in Cayuga County a house with 10 acres. What is your preference?

Two new homes were marked contingent, both of them remarkably around the list price of $200,000. I think that's good news - people are beginning to take a chance again. And I forgot! A waterfront home, also!

We now have 25 officially closed homes in the Skaneateles area, as compared with 16 last year at this time. The new one that sold is a village fixer-upper that has been on the market for a while. I wish the new owners well!

Since we have that marvelous 25 number to work with, I thought I'd take a look at the breakdown in closed homes. Twenty per cent were in some way waterfront, whether right on the water or lake rights. Nine (almost 40%) were village. Three others were in the Jordan-Elbridge school district and two were new construction. That leaves about 7 for the town designation. Now that summer's almost here, my guess is that the waterfront sold but not closed will suddenly, miraculously close and others will sell.