Skaneateles Real Estate - The Weekly Update

So there I was, sitting in my car at 4:30 after a long weekend of new listings and open houses. I had switched to jeans and warm clothes to wait for an agent and her investor client from NYC to see my multi-family on Otisco Valley Road. (Really, it's a good deal - $164,900 for two houses containing 5 apartments plus 22 storage units...needs a bit of exterior work, that's why the price...) I had rushed over after my Elbridge open house but there I sat, waiting.

I hadn't brought any reading material because I thought I would be the late one arriving, so I was left with my phone to entertain me. That and the goldfinches playing in the high grass, the contemplation of a busy week ahead, the satisfaction of a great weekend behind....

I love math so I started doing some of the numbers of the data available to me on my Palm, courtesy of having the MLS information updated daily along with my key.

Results of interest (or so I thought as I waited):
  • There are currently 3,104 agents in the multiple listing service. I've been told that when there are hard times in the market, this number is reduced tremendously - we'll see -
  • Current active listings up to $500,000 - Skaneateles has 78, Manlius has 251
  • Camillus has only one listing over $500,000 - it's gorgeous! - and 164 under the half million mark
  • Onondaga has 108 of 112, Dewitt comes in at 120/148
  • Auburn's highest priced home in the ML is $275,000 - and it only has 136 listings (time to check the internet, but Auburn is MUCH larger than most of the other towns). Seems an indication that in the lower priced markets in Central New York, houses are selling.

The agent arrived, we apologized to the tenants, then toured and talked, and I got to the office before the heavy rains hit around 7:00.

So now the real update!

Yes, there are currently 133 active listings in the Skaneateles area. Five new ones came on last week - a re-list of a spectacular waterfront property in the village under 2 million, two in the village and two more in the town. And none showed up as sold; there are still 16 listed as having closed this year.

I played around again with the numbers this morning, basically to get my facts straight myself for listing appointments and to simply know the numbers. There are 57 single family residences that have been listed over 100 days. Within the past 30 days, 36 new listings have come on the market in Skaneateles.

These numbers are not as accurate as they appear. Many of these homes are re-lists - they didn't sell last year and so they have come on again either with a different agent, at a different price, or simply to refresh their image. For some, the snow pictures have been replaced with spring pictures.

The village will be filled over Memorial Day weekend - the weather is expected to co-operate - and perhaps then the deluge of home-selling will occur. It will happen!

Comments

Post a Comment

Popular posts from this blog

20 Ways to Rent Out Your Home Faster

Image
While running a successful rental marketing company and renting out my numerous rental properties. I have picked up a few tricks along the way. Below are 20 ways you can rent out your home faster  (There are plenty more ideas and if you have some please comment and I can add to the list): 1) Pricing Matters There are many ways to price your home competitively in the marketplace. Some tools to help you along the way are: RentSlicer.com, RentOmeter.com and Oodle.com 2) The time of the Month Counts The best times to gain a tenant are March, April, May, June, July and August. These are the main months when renters move due to seasons, schools, etc. 3) Throw some Make-up On Have you ever toured a model home for sale? What do you notice? Are there magnets on the fridge? Are there clothes in the hamper? Are the walls scratched? The answer is no. Why? This is what sells homes. Touch up with paint and remove all clutter and you will see a big difference. 4) Replace Light bulbs and Fixtures ...
Read more

Skaneateles Real Estate - The Weekly Update

Here we go! It's the start of something big! Currently, in the Skaneateles area of the multiple listing service there are 160 homes active on the market. This number seems to have held steady over the past few weeks, while the number of homes marked contingent or pending has increased slightly. Of the 6 new homes that have come on the market, 2 are re-lists and 3 are waterfront. Waterfront continues to sell and do very well this year. There are also 3 properties marked contingent this past week: 1 residential, 1 waterfront, and 1 for the die-hard investor who got a good deal, I think. The price had come down steadily - until it's last listing was about 60 % of the original price. There are now 30 closed properties this year. The latest is a village property which sold at a reduction of 12% of its original price. Last week I wondered about reducing all homes by 10% to sell them - and I think this is in part a validation of that assumption. I had a wonderful comment about ...
Read more

Skaneateles Real Estate - The Weekly Update

Image
Last Friday I returned from Manhattan in the morning.  I had just gone down on Thursday morning planning to come back the same night, but I was concerned about the flooding I had seen on the drive.  I stayed over, got a quick walk in on Riverside, then started home.  I flew out of the city easily - the Henry Hudson is so fast and uncomplicated in the morning! - but found myself sitting in traffic on 81 in Binghamton.  I listened to the reports:  the Governor was somewhere in a helicopter overhead, there were photos apparently of just the tip of the golden arches of some McDonald's restaurant somewhere, the water had crested but was threatening the structure of bridges.  I heard Owego was hard hit, and thought of Adam Weitsman's business (see http://www.syracuse.com/ for updates on this and his response).  I can't stand sitting in traffic, so I turned off and took Route 11 until I lost it somewhere in the country.  I stopped along the way at a sma...
Read more