Thursday, June 10, 2010

Skaneateles Real Estate - The Weekly Update

I went to Saratoga yesterday to visit friends for the day. Yes, yes, an offer went out and another one came in.....as you have learned over the years, it always happens when I am on "vacation." While I was leaving town (Saratoga) I got a bit turned around because of all the new construction and ended up on side streets. There on the corner was a "For Sale" sign reading "Vintage Cottage." But there was also a back hoe and a pile of dirt where the cottage had stood. I hope we don't come to that.

There are currently 132 (count 'em!) listings in the Skaneateles area of the multiple listing service. Twenty-seven are in the village. Eight new ones came on this past week. Three of these are re-lists, the waterfront home with a new price. The other five are split between waterfront - low $500,000 - to a high of a million, and two "to be builts," one at the $500,000 mark (in the village) and the other just outside for $400,000.

Sorry, no newly contingent homes - either to be continued to be shown or not shown. Houses have to sell elsewhere, I'm afraid!

We do have two new closings, continuing the upsurge that started about a month ago. Both homes closed under $200,000 - one near its assessed value and the other at about 75% of the assessed value. Try explaining the rhyme and reason of these values to out-of-towners - it is very difficult, especially when faced with issues like these. And both sold at what the market would allow - and that's the true value of the home after all.

There is movement out there - go see some of these homes this weekend! It is a treat to live and work in this area!