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

Skaneateles Real Estate - December 13th through December 28th

Think about all that has happened in the last two weeks.  Devastating news, Christmas, fiscal cliffing, snow, more Christmas....It's that time of year. In real estate in our small town, so much resembling Newtown in so many ways, houses have been listed, viewed and sold.  People have decided to move, others to stay.  Offers have been accepted and others refused.  Plans have been put on hold because houses don't sell, while others are accelerated because they do.  Weave a holiday in there, too.

Currently there are only 83 houses actively listed in the Skaneateles area of the multiple listing service.  Of these, 23 are in the Village, 21 are considered waterfront of some kind, and the rest are in the town or surrounding towns.  Three new listings came on, actually a re-list in the Village at a reduced price and two new ones in the town.  There's a sweet, much-beloved one out there for under $100,000 - call now if you might be interested.

Of the 18 - only 18! - single family homes in the under contract categories, two are new.  One is in the Village and the other has been coming down in price so it was a great steal for someone.

And again - we have multiple sales, bringing our total so far for the year to 124 homes.  A bonanza.  Five new ones closed, and I am sure with the end of the year others are simply not reported as yet.  The five break out as two in the Village, two in the Town, and one waterfront.  Of course, this triggers the reporting of the Sixth Twenty which will be done soon.

Happy New Year - and let's keep it as profitable as this past year was!

Skaneateles Real Estate - November 30th through December 12th

Lovely evening, late afternoon.  I am in the office enjoying the company of our new "person at the front desk," Danielle.  She is busy putting together a project Chris Evans gave her.  Neither Chris nor I can handle the copier, but everyone else in Danielle's position can make it hum.  If you're in the Village, stop in and say hello to her.

Currently there are only - and I do mean ONLY - 85 homes for sale in the Skaneateles area of the multiple listing service.  Of these, 24 are in the Village and 23 are waterfront.  But that's an amazing number.  Just a couple years ago we flirted with the 150 active listings figure.  And that's when we were closing around 75, so we had a two year inventory.

In the "under contract" categories there are 22 single family homes.  This is down, because houses are closing, trying to get people in before the holidays and the New Year.  Which the attorneys have been able to accomplish!

We now have - drum roll please - 119 sold and closed properties in the Skaneateles area.  Prices have come down a bit and people are anxious to let houses go after a couple years. Of the eight new ones that have closed, two are waterfront, three are Village, and the remainder are in the town.

The year will end with a bang, I am sure!  All this is good news to everyone who depends on the housing market - mortgage people, contractors, attorneys, and yes, Realtors.

Taking care of business:  Lately I've been receiving a ton of spam from people who pretend to compliment the blog but only want to have their websites published.  For a while I may simply have to stop allowing comments - so find me on my e-mail or through the office, please.

Skaneateles Real Estate - November 15th - 29th

The update...but there is very little to update.  The previous blog covers the only new listing to have come on the market in the past two weeks!

There are currently in the Skaneateles area of the multiple listing service only 91 homes on the market.  That's it!  Better buy them now before someone else does...Of these, 27 are in the Village and 23 are considered waterfront.

In the under contract categories there are 28 homes waiting to close.  Since it's the end of the month, I am sure we will have additions to closing figures next week.  Two new ones, both hovering around $300,000, were newly contracted.

Closings - we are up to 111 for the year.  Way more than are on the market... All three were town properties, as opposed to Village.  Two closed for under $200,000 and the third was new construction of around $400,000.  Lovely houses all!

Don't forget Dickens this weekend.  There really is excitement in the air and now that we will be in the month of December (finally) we can look forward to snow and holiday cheer.  And after you've had a roasted chestnut or two, come on down the lake to my open house for more goodies on Sunday.

New Listing!

I sincerely hope everyone had a wonderful Thanksgiving.  We certainly did, the highlight being for me strolling Liam down Madison Avenue and looking in all the store windows on Sunday afternoon.  There is nothing like New York - except maybe coming back and going over the rise on 41 (Cortland County) to see the lake spread out before you.

Which reminds me....you can have that view every day.  I just listed a magnificent home in Niles that has that exact view.  From the eat-in kitchen, the living room, two of the bedrooms...there it is!  Because of the snow lately I haven't gotten THE PHOTO yet, but you can see it for yourself this Sunday (December 2nd) from 1:00 to 3:00 during my open house.  It's supposed to be warm, so come out and walk the acreage (over 9 acres!) and enjoy a few refreshments.  You can see the listing on whatever site you use - S282803 - or go to my Facebook page:  http://Facebook.com/MegBrooksRealtor.  Sarah takes care of it for me and promises something new and completely different...And please check later, too.  I haven't finished uploading photos into the listing.

3722 Robinia Hill - Town of Niles

The Fifth Twenty

The title of this blog says it all.  Amazing, the number of homes sold.  Is it pent-up desire?  Great prices? Low ("historically low" as they say) mortgage rates?  I think it's really a combination of them all.  I am not looking a gift horse in the mouth (is that really the phrase?)

So, in no particular order:

55 Calemad Drive - Town of Sennett - $390,000

4674 Vinegar Hill Road - Town of Skaneateles - $215,000

2092 West Lake Road - Town of Skaneateles - $240,000

3104 East Lake Road - Town of Skaneateles - $242,500

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

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

2895 East Lake Road - Town of Skaneateles - $999,999

2556 West Lake Road FL25 - Town of Skaneateles - $465,000

16 Academy Street - Village of Skaneateles - $400,000

1940 Collard Road - Town of Spafford - $265,600

1552 Heifer Road - Town of Skaneateles - $298,000

1916 West Lake Road - Town of Skaneateles - $856,000

2621 West Lake Road - Town of Skaneateles - $424,000

4717 West Lake Road - Town of Niles - $290,000

63 Meadow Lane - Town of Niles - $475,000

1772 Stump Road - Town of Skaneateles - $260,000

4011 Center Street Road - Town of Sennett - $338,000

611 Stump Road - Town of Skaneateles - $25,000

2134 East Lake Road - Town of Spafford - $287,500

193 East Genesee Street - Village of Skaneateles - $250,500