Wednesday, December 16, 2009

Skaneateles Real Estate - The Weekly Update

Ho, ho, ho! Now that the snow is here I am off and shopping! I went with a client to find a house for him and his fiancee and then on to Barnes and Noble. Just a lovely way to spend a snowy day!

There are currently 109 active listings in the Skaneateles area as defined by the multiple listing service. Only one listing came on this week and it's a waterfront re-list in the mid-$500,000 range. I checked median list prices - the number is $359,900.

There were no new contingent sales or pending sales this week. Or even closed properties! Bah, humbug!

However! We have the first sale of a condo this year. One of the units in the newly renovated Seitz Building at the corner of Jordan and Genesee has been marked contingent. This is an excellent sign.

Back to median prices since there is so little news. Year-to-date we have had 77 closed properties. The median list price of these was $325,000. The median sales price was $300,000. So "The Bid" for any house was - not should be - under 10% of the list price. The Post-Standard still shows the average sales price to be slightly under $500,000. But in the new year I will check the median price on occasion - remind me! Now go shopping or baking or playing in the snow - it's that holiday time of year!