Keeping in touch with the real estate world on a weekly basis certainly helps me in my business. Although I go everywhere, almost, knowing what is happening in Skaneateles gives me a lift. I can quote closings, trends, compare the market to past years, and feel confident that what I say is accurate. Of course, there are some weeks, such as this one, when not a lot happens and it seems a might difficult to write a blog about it. But here goes -
There are the same number of homes in the Skaneateles area listed as active as there were last week: 150 for the entire area, and 44 for the village. The number of waterfront homes dropped by one.
Three new listings came on the market. A very pretty home with a bit of land around it outside of Skaneateles was listed at about $400,000. A smaller village home - but around 2,000 sf nonetheless - debuted in the mid-$300,000 range. A gorgeous lake rights property was presented around $600,000.
There are 6 homes listed as contingent, with one new one added (lake rights also). Two were marked under contract, do not show. One of these was a previous "C" and the other went right to "U." This one had just been listed, too.
Only three are pended, and the number and homes remain the same. Nothing new sales-wise, but this Friday is the end of the month and I can guess that there will be action to report, if not next week but the week after. I know several attorneys whose calendars are swamped.
So go play in this absolutely lovely fall weather - the sun is out, the day feels fresh, and I am on my way to lunch at Creekside with an old friend!
Wednesday, September 28, 2011
Wednesday, September 21, 2011
Skaneateles Real Estate - The Weekly Update
As I drove up East Lake Road tonight towards the village, I saw many homes that have been on the market for a while that I have shown or know a bit about. They all seem to be "priced right," but then they haven't sold so I guess, as some say, the market has "rejected" them. I know they are good homes with great features - so why do they sit? I am not sure - location? condition? fear? I have to believe people are simply not willing to take on homes that aren't "safe bets." But then again, what is that? The eternal question - why some things sell and others don't!
Into the fray this week....There are currently 150 homes in the Skaneateles area that are on the market. Of these, 44 are in the village and 35 are waterfront. (Remember the days when there would be only five or six homes out there? We all had our lists of potential buyers, and when a property came on - or we got wind of it coming on - we would rush to the phones...ah, the good old days!)
One new one came on in the village and it is a smashing home by all accounts. Priced well over a million dollars, it has location and condition certainly as well as the ephemeral "penache." Lovely, just lovely!
Six are currently listed as sold but continue to show - one new one was added to this list, a "town" property actually in Spafford. There are still the same three under contract, but do not show, and now only three pended - always a good sign because that means some have moved to the sold column.
As indeed they have! We have 51 single family homes that have closed so far this year as we enter the fall buyong season. The latest three include a town property close to the village with views, originally priced in the low $300,000. A small village home also sold, once the price dropped under $200,000. My lovely 50 West Genesee Street has a new owner too! Hooray!
Analyzing these three new sales, the good news is that they each came in within 15% of their list price. Either agents are getting better at pricing, or the owners are more realistic. Or simply these were the right prices for the current market. In any case - congratulations to the new owners!
Into the fray this week....There are currently 150 homes in the Skaneateles area that are on the market. Of these, 44 are in the village and 35 are waterfront. (Remember the days when there would be only five or six homes out there? We all had our lists of potential buyers, and when a property came on - or we got wind of it coming on - we would rush to the phones...ah, the good old days!)
One new one came on in the village and it is a smashing home by all accounts. Priced well over a million dollars, it has location and condition certainly as well as the ephemeral "penache." Lovely, just lovely!
Six are currently listed as sold but continue to show - one new one was added to this list, a "town" property actually in Spafford. There are still the same three under contract, but do not show, and now only three pended - always a good sign because that means some have moved to the sold column.
As indeed they have! We have 51 single family homes that have closed so far this year as we enter the fall buyong season. The latest three include a town property close to the village with views, originally priced in the low $300,000. A small village home also sold, once the price dropped under $200,000. My lovely 50 West Genesee Street has a new owner too! Hooray!
Analyzing these three new sales, the good news is that they each came in within 15% of their list price. Either agents are getting better at pricing, or the owners are more realistic. Or simply these were the right prices for the current market. In any case - congratulations to the new owners!
Wednesday, September 14, 2011
Skaneateles Real Estate - The Weekly Update
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 small convenience store and gas station where I met people looking for faster routes coming from Albany. And there I heard it, the classic response to "Wow, what a lot of rain we've had!" "Could have been snow!"
Meanwhile homes in Skaneateles were listed and sold this past week. Currently there are 150 single family homes listed in the multiple listing service. Of these, 44 are in the Village and 34 are considered waterfront. I am not going to itemize re-lists any more, only the new listings that come on the market. A beautiful high-end home outside of Skaneateles (actuallly in Spafford) was listed above $600,000. Another pretty Village home came on, around $300,000. In the town not too far out is a new split level, on the market in the mid-$200,000 range.
Five homes are considered under contract but they still can be shown. One of these, listed under $200,000 and in the Village, was just marked contingent. There are no new "Under contract - do not show" homes (currently 3 in the category) or "pended" homes (6).
Our closings for the year stand at 48. Interestingly, 10 were Village homes and 9 were waterfront. These percentages are just slightly above the current breakdown of active homes.
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 small convenience store and gas station where I met people looking for faster routes coming from Albany. And there I heard it, the classic response to "Wow, what a lot of rain we've had!" "Could have been snow!"
Meanwhile homes in Skaneateles were listed and sold this past week. Currently there are 150 single family homes listed in the multiple listing service. Of these, 44 are in the Village and 34 are considered waterfront. I am not going to itemize re-lists any more, only the new listings that come on the market. A beautiful high-end home outside of Skaneateles (actuallly in Spafford) was listed above $600,000. Another pretty Village home came on, around $300,000. In the town not too far out is a new split level, on the market in the mid-$200,000 range.
Five homes are considered under contract but they still can be shown. One of these, listed under $200,000 and in the Village, was just marked contingent. There are no new "Under contract - do not show" homes (currently 3 in the category) or "pended" homes (6).
Our closings for the year stand at 48. Interestingly, 10 were Village homes and 9 were waterfront. These percentages are just slightly above the current breakdown of active homes.
The fall selling season has just begun! If you would like to check out one of my listings, 5 Palmer Drive, please come to the open house this Sunday from 12:00 to 2:00. Signs will be up directing you from Genesee Street and Academy because it is hard to find and very private. Please tell me you read about the open on this blog - I would love it!
Wednesday, September 7, 2011
Skaneateles Real Estate - The Weekly Update (sort of)
Starting again, it is always good to get your bearings. My bearings. I was getting my hair done at Carlo's today and ran into a fellow Realtor. She asked me about Skaneateles and how things were going this year. Thank goodness I had done the statistics yesterday, because I could rattle off the numbers. Now you will be able to, also.
There are currently 150 active listings in the Skaneateles area of the multiple listing service. Of these, 45 are in the village.
Under contract, there are a total of 8 single family homes. Five can still be shown, while three are so solid that the owners feel they do not need to be shown any more. At least, that is the presumption. We all know that (all together now) - "It's not closed until it's closed!" And lately even that's under dispute!
Five others are pended, which generally means that the mortgage commitment has come in and only the attorney issues - title and such - need to be completed.
This year to date 48 properties have closed. This compares with last year's 46 by this date. The year before a whopping 59 were done. Of course, that makes up for the previous 2008 of only 32 (ouch!) Average those two years and you find 45/46 as the midpoint, oddly similar to 2010 and 2011.
The update is back and will be found on your computer next week about this time! Thank you for your patience!
There are currently 150 active listings in the Skaneateles area of the multiple listing service. Of these, 45 are in the village.
Under contract, there are a total of 8 single family homes. Five can still be shown, while three are so solid that the owners feel they do not need to be shown any more. At least, that is the presumption. We all know that (all together now) - "It's not closed until it's closed!" And lately even that's under dispute!
Five others are pended, which generally means that the mortgage commitment has come in and only the attorney issues - title and such - need to be completed.
This year to date 48 properties have closed. This compares with last year's 46 by this date. The year before a whopping 59 were done. Of course, that makes up for the previous 2008 of only 32 (ouch!) Average those two years and you find 45/46 as the midpoint, oddly similar to 2010 and 2011.
The update is back and will be found on your computer next week about this time! Thank you for your patience!
Tuesday, September 6, 2011
The Second Twenty
I will save the total number of closings we have had in the past few months, but suffice it to say everyone has been busy and the numbers are there to prove it! The First Twenty closings took until June 27th - the Second Twenty go through only August 9th.
In no particular order:
4001 State Street Road - $290,000
4054 County Line Road - $367,000
3766 Highland Avenue - $311,500
1569 New Seneca Turnpike - $190,000
790 Stump Road - $138,000
1930 Stump Road - $210,000
1025 The Lane - $550,000
140 East Genesee Street - $3,500,000
20 East Lake Street - $215,000
2997 Nunnery Road - $154,900
3829 Knightsbridge Road - $196,000
28 Orchard Road - $250,000
3907 State Street Road - $430,000
49 Academy Street - $545,500
3901 State Street Road - $445,000
3657 Fisher Road - $164,900
3319 East Lake Road - $507,500
3426 East Lake Road - $135,000
1618 Stump Road - $220,000
3065 East Lake Road - $750,000
In no particular order:
4001 State Street Road - $290,000
4054 County Line Road - $367,000
3766 Highland Avenue - $311,500
1569 New Seneca Turnpike - $190,000
790 Stump Road - $138,000
1930 Stump Road - $210,000
1025 The Lane - $550,000
140 East Genesee Street - $3,500,000
20 East Lake Street - $215,000
2997 Nunnery Road - $154,900
3829 Knightsbridge Road - $196,000
28 Orchard Road - $250,000
3907 State Street Road - $430,000
49 Academy Street - $545,500
3901 State Street Road - $445,000
3657 Fisher Road - $164,900
3319 East Lake Road - $507,500
3426 East Lake Road - $135,000
1618 Stump Road - $220,000
3065 East Lake Road - $750,000
Back on Track
The colder weather has sent me to the computer and away from the outdoors. It has been a fantastic and busy summer, but the natural rhythm takes over. I no longer teach, but I feel the pull to be indoors and working, rather than running around in the car or hanging out with my iPhone on the deck. I wanted to not miss this summer - and I didn't. We spent more time at the lake and I have the tan to show it. It also helps to have had a listing out there, but now that it's sold........
So slowly I will ease back into writing and providing updates. The bi-weekly update gave me way too much space - I need a solid date or time, and not writing is so much easier than writing. Also the stretch of time makes it too long between reporting - it is ancient history by the time it hits my blog and that is never a good thing!
Until the end of the year, the update will be weekly and completed by Wednesday - might come in early on Tuesday, but will certainly be there by mid-week, when my ads are due. A little structure has never hurt me, and will help. Monitor and adjust!
So slowly I will ease back into writing and providing updates. The bi-weekly update gave me way too much space - I need a solid date or time, and not writing is so much easier than writing. Also the stretch of time makes it too long between reporting - it is ancient history by the time it hits my blog and that is never a good thing!
Until the end of the year, the update will be weekly and completed by Wednesday - might come in early on Tuesday, but will certainly be there by mid-week, when my ads are due. A little structure has never hurt me, and will help. Monitor and adjust!
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