Skaneateles Real Estate - The Weekly Update

As the rain comes down and before I leave for a closing, I just want to delve right into the update.  There are currently 83 active listings in the Skaneateles area of the multiple listing service.  Eighty-three!  I went back and checked other years to see if this is as remarkable as it sounded.  At the end of January there were well over 100 active listings each of the last three years.  This means a drop in the range of 20%.  We are almost at that point of coming into town and having very few choices - so you might as well buy them now before they are sold to someone else.

Of these 83 listings, 26 are in the Village and 21 are waterfront.  The median list price is $374,000.  Two new listings came on in the past week, one a re-list with a slight reduction, and the other a new listing in the Jordan-Elbridge school district, priced under $100,000.

There are 15 homes marked contingent or under contract.  Three are new, and all are within the confines of the Village.  There are no new pending properties, and the total number of pending homes is only three.

We now have 5 sold and closed homes.  The last one was my listing on East Lake Road - such a very pretty home!  The people saw it at the first and only open house and fairly soon thereafter put in an offer.  The key was pricing and condition - and this lovely home had both!

I thought that 5 closed sales sounded quite good, so I went back and looked.  Sure enough, between 2009 and 2011 in January there was a total of 5 homes spread out over the three years.  Between the fewer listings and the increased sales, I think we are going to have a great year!

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