Wednesday, February 19, 2014

Skaneateles Real Estate - The Mid-Winter Update

Actually, winter should be winding down, but my yard does not show it!  Yesterday I shoveled out a home that had been plowed in, and Sunday I did the same with another listing.  I've had my exercise, thank you!  I do know spring is coming - the icicles are dripping, the temperature felt warm today when I took Charlie out early (it was 25 degrees!) and the calendar tells me, too.  All is forgiven if the snow is gone by the first of March and doesn't return.

The market is slow, too.  Houses are waiting to come on, buyers are waiting to see what does come on before seeing others, mortgage rates are slightly up and slightly down, but nowhere near where they were this time last year, unfortunately.  Still!  My first house in Skaneateles came with a 9.5% interest rate, and my attorney congratulated me and said he wished he had been so lucky.  (And I walked uphill in the snow all the way to school.....)

Currently there are only a few homes (59) on the market in the Skaneateles area of the multiple listing service.  Of these, 15 are in the Village and 17 are considered waterfront.   Since last reporting back in January, only 5 new listings have come on the market.  Four of these are re-lists.  The one new one is listed for over a million and in the Village.  No waterfront, but a great home!

Eleven single family homes are under contract.  Three are new - waterfront plus two town listings.

To date, only 5 homes have closed, three that are new.  This is down from last year at this time, but then the inventory is down also.  One of the new ones is waterfront and the others are in the town, but close by.

It will change - already we are seeing more people looking.  My listings are being shown, people are planning trips into town for buying purposes.  It will all work out - it always seems to in Skaneateles.  And why not?  It is just a marvelous place to live!

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