Thursday, January 28, 2010

Skaneateles Real Estate - The Weekly Update

I am not going to push myself to always write on the day of the week for which I report the update. In that way I won't have any after dinner "got to get it done" updates, but a thoughtful presentation (I hope!). This update will refer to the past week, that being January 20th through the 27th, Wednesday to Wednesday.

There are currently 101 active listings in the Skaneateles area as defined by the multiple listing service. Five new properties - well, sort of - came on this past week. Two are re-lists, a small house in the village and a ranch just outside. One of the new properties is in the high $200,000 and has lake rights just outside the village.

The other two properties are admittedly my own listings. The larger one has 50 acres, a 3,000 sf house overlooking the lake, and 153 feet of waterfront down below. Contained within this is a separately deeded 75 feet of waterfront and a two acre building lot with lakeviews. The second listing does not contain the waterfront lot, just the pie-shaped lot that is attached to the 50 acres. The overall price is $999,900, the waterfront lot alone is $174,900, and the acreage/house/lot/pie-shaped waterfront is $849,000. Just had to tell you!

There are no new contingent sales, pending or closed single family homes this week. And yes, this means there hasn't been a sale in the Skaneateles area this year so far. DO NOT PANIC! It is early and snowy and we are not alone, as we have been in the past while other areas sold.

In Onondaga County there are currently 1,933 active listings and only 122 sales year-to-date. The median price was a respectable $139,900. By comparison, there are 393 active listings in Cayuga County and 15 closed properties year-to-date. Their median price is $100,000 which is tremendous for the area. I have been showing properties much more in the County and I know that things are selling, and selling for bhigher prices than in the past.

If you saw the Post-Standard last Sunday, specifically the Home Page, you would have noticed the lack of sales. But that won't last! I was holding open my new listing on Snowberry in Scenic Meadow and there must have been 10 open houses that day with wonderful turnout. The corner of Ike Dixon and Scenic Drive was filled with signs. I started early and stayed an extra 45 minutes because people kept coming!

I plan to keep an eye on the counties as a whole. The new system that we use makes it much easier to do so, and with the number of listings hovering around 2,000 for Onondaga it will be easy to monitor. Now, I am going to show some houses and sell one!