Skaneateles Real Estate - The Dog Days Update

The heat has been phenomenal over the past couple weeks.  We rarely have a need for air-conditioning, but this year I was glad we put in a room A/C.  Even camp was hot - I slept with a fan going some nights!  Boo has spent his days and nights lying in front of "his" fan.  He walks grudgingly with me in the early morning, and sometimes just balks when Bob takes him out later.  He goes though...keeps those old legs moving, then lies in front of the fan for the rest of the day.

Currently there are only 71 listings in the Skaneateles area of the multiple listing service.  Of these, 28 are in the Village (an interesting number about which there will be more later), and 17 are considered waterfront. There are 4 that are both waterfront and Village.

The range in price is $50,000 to almost six million.  The median is $370,000.  If you look only at the Village, the price range is $160,000 to three million, with $399,000 being the median.  Waterfront goes from $340,000 to 6M.  Often agents list property not in Skaneateles proper as Skaneateles to attract more buyers.  In this case, all but one of the waterfront properties under 900K are in other townships, like Niles and Spafford, but in the Skaneateles area of the multiple listing service.  What this means to the buyer, is that if your criteria is to be within a few miles of the Village, you will most likely look at listings above 900K.  The median for waterfront properties overall is 1.25M. Wow!

There were nine new listings since my last update of July 26th....2 of these were re-lists.

In the under contract category, there are 27 homes waiting to fulfill some contingency or waiting to close. They range in price from $85,000 to 1.5 million.  The median is $365,000.  Here's the interesting part that I referred to earlier:  11 of the 13 are Village properties.  My goodness!  And there are still 28 active Village listings!  The lowest of these Village listings that have gone under contract, excluding a foreclosure, is listed at $350,000.  Conclusions:  People are buying in the Village and buying the higher-priced homes, plus there are many choices in that higher range.

To round this out, 69 homes have sold and closed this year so far.  Eight of these are new closures.  We are one home above where we were last year, and that was a record-breaking year.