Disappearing Acts

Dr. Housing Bubble has an article today about the massive amounts of equity evaporating in the world of Long Beach real estate.

Brutal.

Comments

Post a Comment

Popular posts from this blog

Open House Alert! 149 North Main Street - Jordan

Image
What a gorgeous weekend this is going to be!  The Jordan Fall Festival will be ongoing from Friday to Sunday with all sorts of fun events.  Check it out at jordanfallfestival.com . 149 North Main Street Village of Jordan 13080 Meanwhile, a short distance away in the Village of Jordan, I will have the beautiful home at 149 North Main Street (ML#S296384) open on Sunday, from 1:00 to 3:00.  It was built in the mid-1800s and they certainly knew how to erect homes that lasted back then.  The walls are thick, and the owners are amazed at how little the utilities cost for over 3,000sf of living space.  The bedrooms are large - something that is usually only seen in master bedrooms these days.  The kitchen has a walk-in (and around) pantry, plus there's a small office just off the living room. I love the porch and deck...Just sit on the front porch (accessed only from the house) and watch the world go by!  In the rear the decks overlook Skaneateles Creek.  Buy this house, and you own 5 acr
Read more

The Third Twenty

Below are the list of closings (in no particular order) and the published closing prices.  These single family homes were listed in the Skaneateles area of the multiple listing service and closed between June 28th and August 7th. 184 East Genesee Street - Village of Skaneateles - $170,000 23 Calemad Drive - Town of Sennett - $480,000 21 East Lake Street - Village of Skaneateles - $260,000 718 Sheldon Road - Town of Skaneateles - $430,000 782 Franklin Street - Town of Skaneateles - $168,400 2111 Terrace Lane South - Town of Skaneateles - $430,000 1983 Collard Road - Town of Spafford - $355,000 1275 Oak Bluff - Town of Skaneateles - $1,150,000 179 East Genesee Street - Village of Skaneateles - $244,900 2671 East Lake Road - Town of Skaneateles - $585,000 50 West Lake Street - Village of Skaneateles - $816,000 10 Goodspeed Place - Village of Skaneateles - $157,000 2445 East Lake Road - Town of Skaneateles - $975,000 3187 West Lake Road - Town of Skaneateles - $996,000 3 West Austin Street
Read more

Skaneateles Real Estate - The Six-Week Update

I am not going to bore you with what came on and what sold.  A lot came and went, and there are more single family properties waiting to close than Village listings.  I can summarize though. Currently there are only 103 listings in the Skaneateles area of the multiple listing service.  Of these, 24 are in the Village and 30 are waterfront. There are 26 homes waiting to close.  Of these, 8 are in the Village and only 4 are waterfront.  Village for a second year remains highly desirable. So far, year-to date, we have 71 homes that have closed.  Of these, 25 (40%) are in the Village and 13 (18%) are waterfront.  The total number of closed homes compares with 2012 when by this date there were 81 sold and closed homes.  Not as good as last year, which was record-setting, but certainly better than 2011 when we only had 50 homes closed.  The trend is upwards, the Village is booming, and the prices have increased also.  The median list price increase is only $10,000, to $300,000.  But there we
Read more