Monday, January 31, 2011

Skaneateles Real Estate - The Bi-Monthly Update

So here we go! I am glad I am doing this only twice a month...the winter has taken a heavy toll on closings and activity, so there is very little to report, unfortunately. I shouldn't say "activity" - I do think people are out there showing homes and getting ready for spring listings, but memorializing them on the computer - not yet!

There are currently 106 active listings in the Skaneateles area of the multiple listings service. Of these, 31 are in the village. We had four new listings come on the market in the last couple weeks. Three of these are slightly altered re-lists: a village home now listed under $400,000, a town Victorian with a substantial decrease in list price to under $350,000, and a village "to-be-built" now listed as a home rather than simply a lot, also in the $300,000 range.

The one new property is a waterfront home, or camp, as we say here, for slightly above $400,000. Great location, fairly flat - not my listing either, though I wish it were. Spring is right around the corner and then summer!

There is one new house marked contingent, a listing in the country in the 200K range. Pretty house, pretty land - nice!

We have 3 marked contingent now, and 6 "under contract, but do not show", and 3 marked pending.

There are absolutely no closings, just like last year in the month of January. The year before which turned out the be the low point there were 3, so it's not a clear indicator of what is to come. Of course, in 2008 there were 7 closings...before it all fell apart. But I predict that before the end of the month we will have closings that will spark the market!