Thursday, August 2, 2012

Skaneateles Real Estate - The Weekly Update

The moon rose last night over the lake.  It's a blue moon - or rather, the first full moon in the month of August and there will be another at the end, I guess making that the actual blue moon.  I learned that the cycle between full moons is 29.5 days, which explains why it isn't the same day every year, every month.  The moon slipped in and out of the pink clouds, at times totally obscured.  We watched from our deck with guests there for dinner - and the light show!

What a summer!  Both for weather and for real estate.

There are currently 119 active listings in the Skaneateles area of the multiple listing service.  Of these, 26 are in the village and 30 are waterfront.  Three homes were re-listed this past week, each with significant reductions in price.  Four others came on the market - a little bit of everything: new construction, almost new construction, a ranch down the lake, and a sweet Village home.

The already contracted houses number 34, just waiting to close.  Three more were added to the list - one in the village, and two others in the town.  These were higher priced homes, too, ranging between $300,000 and $400,000 for list prices.

And now the Big News!  We have reached another milestone for the year.  SIXTY!  Sixty homes have closed year-to-date in Skaneateles.  Three new homes were added to bring it to this number - village, near-village, and a house in the town with acreage.  The price-point on these was around $200,000.  But SIXTY!  

Why such a big deal?  In both 2010 and 2011 at this time there were only 38 houses that had closed.  In 2009 there were 46.  Last year it took us until November 15th - another 3.5 months - to get to 60.  That's why.  Whether its pent-up need or great rates (I saw a flyer for 3.25% for a 30-year fixed FHA loan!) or this gorgeous weather or good prices on these homes - let the analysts argue the reason.  I just love it!

Again - if you are thinking of buying or selling - do it now!