Skaneateles Real Estate - 2012 Analysis and Update

So before I start getting into updates, I need to put last year to rest.  If I can - the energy was huge, as they say, and the stats too.

We had a record 127 closings.  Of those, 40 were in the Village and 24 were waterfront.  In the past, the numbers for Village and waterfront have been similar.  Suffice it to say that the number was about the same for waterfront, just Village and Town jumped up.

The lowest priced property to close went for $25,000 in the Town.  The Village number was $127,000 and surprisingly waterfront was lower at $110,000.  Of course, that was made up by having the highest priced property to sell - 1.6 million.  The Village's highest priced home was $850,000.  This past year there were only 2 homes that sold for over a million, a reflection I believe of the reduction of overall prices.  Most Village and Town homes closed around 10% under the list price.  The median list price overall was $295,000.

So on to a new year, an exciting year because currently there are only 76 active listings in the Skaneateles area of the multiple listing service.  Of these, 19 are in the Village and 19 are considered waterfront.  Five new listings and three re-lists have come on the market since the first of the year.  They range in price from a non-waterfront home listed at 1.6M to a home in the town in the low $200,000s.  Two more are waterfront.

No closings yet, but they will come.

The sales continue!  Fifteen homes are in the under contract category, and six of these are new since the beginning of the year.  Half are waterfront, and I will make a wager out of the clear blue that this year waterfront will be higher than Village.  I have no idea, but with three showings in the past four days of Ten Mile Point I know there are people out there looking, getting ready to spend a summer on the lake.  Like that camp listed at $250,000, there are other great buys.

Let's make 2013 as profitable as 2012!

Closing out 2012

What a great way to end the old year and bring in the new!  The following are the Sixth Twenty homes to sell in the Skaneateles area in 2012, plus an extra seven homes to close the year.  One hundred twenty-seven single family residences - amazing!  127!  By way of comparison, in 2011 there were only 71 closings the entire year.

In no particular order:

2575 East Lake Road - Town of Skaneateles - $710,000

2098 West Lake Road - Town of Skaneateles - $217,000

44 East Lake Road - Village of Skaneateles - $220,000

35 Calemad Drive - Town of Sennett - $395.000

3878 Highland Drive - Town of Skaneateles - $281,000

1650 Coon Hill Road - Town of Skaneateles - $160,000

5 Woodmere Terrace - Village of Skaneateles - $580,000

8A Gayle Road - Village of Skaneateles - $775,000

3395 East Lake Road - Town of Skaneateles - $1,650,000

4416 Jordan Road - Town of Skaneateles - $145,000

5 Tallcott Lane - Village of Skaneateles - $584,000

1022 Butters Farm Lane - Town of Skaneateles - $400,000

4388 State Street Road - Town of Skaneateles - $280,000

2595 Benson Road - Town of Skaneateles - $167,280

4234 Jordan Road - Town of Skaneateles - $87,100

3408 Rickard Road - Town of Skaneateles - $189,000

74 Onondaga Street - Town of Skaneateles - $268,000

7 Heather Woods Court - Village of Skaneateles - $295,000

3916 East Street - Town of Skaneateles - $389,900

1515 Coon Hill Road - Town of Skaneateles - $185,000

2505 East Lake Road - Town of Skaneateles - $990,000

1390 Thornton Heights - Town of Skaneateles - $285,000

1083 Jewett Road - Town of Skaneateles - $235,000

4630 Phillips Road - Skaneateles Falls - $101,760

3145 East Lake Road - Town of Skaneateles - $804,300

51 Leitch Avenue - Village of Skaneateles - $295,000

3915 Highland Avenue - Town of Skaneateles - $198,900