Skaneateles Real Estate - The "Uh-oh" Update

Just did not realize that it's been this long....many apologies.  I had this premonition that it had been a while when someone asked me a statistical question about the area and I found I couldn't spout off the answer without thinking.  Then I thought and knew I didn't know!  Got that?  Not sure I do...but while waiting for offers to be accepted this afternoon I did the research.

There are currently 105 active listings in the Skaneateles area of the multiple listing service.  Of these, 26 are in the Village and 24 are considered waterfront.  While I was away (off showing houses, selling houses, closing houses) there were 34 new listings entered into the computer.  While I doubt all are new - I know of a few re-lists) 12 of them are in the Village and 5 are waterfront.  Odd that the numbers are so similar overall, but the new Village listings far outnumber the waterfront.  It's the season - also probably more re-lists in the Village.

In the under contract category, there are 26 properties.  Seventeen were sold/contracted in the past 45 days since my last update.  If that trend continued we would have a record-breaking year.

There are now 37 closed homes and 16 of these closed since the last update at the end of May.  Six were in the Village, and 4 were waterfront.  (People are out there eating dinner by the lake, watching the sun come up or go down, kayaking in the early morning mists, hearing the waves break on the shore at midnight....hope it makes you long to buy something!)

A slight damper comes to these numbers by looking at 2013 when there were 50 closed homes by this time. But it simply wasn't the same sort of winter we had.  I was still wearing a turtleneck in the morning while walking Charlie the last time I wrote!  Not right, not right at all!

I like analyzing data, as you most likely know, so I looked at median prices.  Good news! The median list price of those homes sold was $327,900 - higher than last year.  Good news (maybe)! The median list price of all the currently active listings is $419,000.  Expect an increase, once would think, in the closed prices too.
Not so good news.  The median price of the listings under contract is a lowly (for Skaneateles) $224,000. In other words, the lower-priced homes were the ones that sold in the past couple months.

Summer is fully here now - houses are being shown a bit more slowly than in the spring rush - but I know I have offers being presented so I think others do too.

Enjoy the summer - get out and go to a ball game - eat at Doug's - watch fireworks - go to the sidewalk sale this weekend.  Have fun in Skaneateles - no better place to be!