Skaneateles Real Estate Update - December 31st to January 27th

So it's been a while.  But as you will see not a whole lot has happened.  I am sitting at my desk looking out on the deck and yard.  The sun is brilliant - I wouldn't venture out without sunglasses!  But the wind is howling, the birdfeeders are swaying, and the temperature has dropped from a 7:00 AM high of 30 to 19.  I think that's why there has been very little happening.

We are starting the year with an extremely low amount of listings - only 65 (total!) in the Skaneateles area of the multiple listing service.  Of these, 12 are in the Village - so many were sold last year!  Eighteen are considered waterfront.  It's becoming - dare I say it - a sellers' market.  We may be back to the old days of showing everything that exists that remotely fits the buyers' criteria.  Ah, but they have to buy, then, don't they?

There have been 9 "new" listings during this time period.  Of these, 5 were re-lists....properties that hadn't sold and needed refreshing, or a change in agency or price rather than a mere reduction.  The four really new ones range in price from $225,000 to $550,000.  Three are in the town portion and only one in the Village.

Properties under contract have only 11 remaining, waiting to close or clear contingencies.  Not a lot, but then ... (see paragraph 1).

Only four houses have been brought under contract in the past month.  Despite the weather, one is waterfront.  Another is Village and the remaining two therefore come from outside the Village.

Two properties have sold and closed!  One was in the Village and the other outside - and both sold for under $200,000.  An agent remarked to me the other day that "here we go again....starting over, building up our sales.  It seems like such a long way to go!"  The same can be said of the sale of Skaneateles properties...we have a lot of work ahead of us in the new year!