Monday, January 27, 2014

Year-end Review - 2013

It was a great year once again!  Not record-breaking like 2013, but a continuation of sales of all sorts of homes.  Why?  Need to buy and sell, low, low mortgage rates, homes coming on the market for less than owners paid for them a few years ago.  We also have great houses of course!

According to the multiple listing service, there were 116 homes sold and closed in the Skaneateles area.  Of course some were in different towns, but because of either the lake frontage or school district were listed in the Skaneateles area.  In 2013 there were 129 homes closed.  Truly a banner year!

Of these 116, 46 were in the Village and 20 were considered waterfront.  This is a break from the usual percentages....generally Village and waterfront are closer.  For example, in 2012 there were 41 Village properties and 24 waterfront, not as great a discrepancy.  Going back to 2011 - when there were only 71 sold and closed houses (imagine!) - the numbers were 21 Village and 15 waterfront.

Why Village?  As the school district will confirm, people are aging out and moving on.  Homes are being sold and people are buying....and yet the population continues to age.  The people coming in - in part - are looking for a quiet Village experience, and despite what has been written about New York State taxes our home prices are good and Skaneateles has the lowest rate in Onondaga County.

More numbers:  the lowest priced home was listed at $39,000 and closed for $30,000.  The highest priced home sold for 2.8M (plus).   Nine homes listed over a million dollars sold, while three under $100,000 also closed.

The median price was $300,000, staying steady from the year before.

As I predicted, I doubt we will have the same numbers this year.  Fewer houses are on the market, the rates have gone up, and this winter weather hasn't helped in the least!  I only hope it will be an early spring, a brilliant summer, and the houses that are on the market will all be sold by the end of the year!




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