Tuesday, December 30, 2014

Skaneateles Real Estate Update - The Holidays Edition

So it's been a while - specifically November 17th since I wrote an update.  The holidays - and all the preparation and recovery from the holidays - intervened.  Very little usually happens at this time of year. Houses that should close take forever to do so.  I had four December closings scheduled.  Two did close, but both were delayed a couple weeks and one was even cash!  Title issues abounded this past fall.  I don't know how properties got closed years ago, but they didn't seem to dot and cross their titles.  Check, check, check, if the attorneys will do the work ahead of time, because when everyone is ready finding issues two weeks before closing makes it tight.

There are currently only 84 active listings in the Skaneateles area of the multiple listing service.  Of these, 23 are in the Village and 12 are considered waterfront.  Seven new listings (as opposed to re-listings) came on between mid-November and today.  Two are in the Village and most are well under $260,000.

There are 18 properties with contracts, and I can only imagine that several have closed yesterday or are struggling to today.  Of these "under contract" homes, 6 were new, 2 are in the Village, and the vast majority that sold are over $200,000.

And now the great news!  We have 103 sold and closed single family homes year-to-date.  Wow!  Talk about a fast finish!  Sixteen closed (or were reported) in the past 6 weeks.  The top three were multi-million dollar homes and another two were well over $600,000.  The remainder were under 400K.  I will publish the information once I think the dust has settled and there are no more to report, most likely by the end of next week.

May the remaining holidays be bright, may the snow be always at your back, and remember:   "In the dark of December we are nearer to spring than we were in September."




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