Thursday, March 2, 2017

Skaneateles Real Estate - The Spring or Winter Update

The title of this blog references the fact that yesterday, the first day of March, I took Boss out into our dog park for a brief play period with the ball and stayed there the rest of the afternoon working from the table on the deck.  It was SOOOOO gorgeous!  Somewhere around 65 degrees, at least!  Today as I look out the window over this computer I see birds hoping for a few sunflower seeds under the snow-encrusted feeder, swaying with the (almost) hurricane-force winds.  You  have to love Central New York weather!

Tuesday evening I parked on Genesee Street and enjoyed a blissful walk over to the Creamery on Hannum Street for the monthly historical society meeting.  Please see www.SkaneatelesHistoricalSociety.org for an article about the program.  Ron Beavers spoke about his home on West Lake Street, and the years-long project he went through to discover its history and renovate it, preserving as much as possible the original structure from the 1830s.  Imagine a home on West Lake Street with 50 acres!  The part I liked the best (besides the cookies from Heart 'n Hand - www.heartnhandpies.com) was the comparison of his house with another in Aurora.  Apparently even back then the same general home was re-built, just as the builders do today.

This long lead-in to the actual update is because there is very little to report, and that is because the inventory is so low.  I heard the same from my Realtor friend in Colorado....there are few houses coming on the market and when they do, they sell.  This could be why the price of homes, at least in NYS, has risen 8% in the past year.  That old supply and demand market at work again!

There are currently 53 active listings in the Skaneateles area of the multiple listing service.  Of these, 15 are in the Village and (only) 9 are considered waterfront.  Of these 9, 3 are in the Village and are more like condos than lakehouses or camps.  And also with the 9 waterfront listings, only 3 are under a million.

In the past few weeks since the last update on February 9th, 9  (all these 9s!) listings have come on the market, but only 4 are actually new.  Houses have been selling - 16 are under contract and of these - you guessed it! - 9 are new sales!

Year-to-date we have 8 sold and closed single family properties.  We are about average with the rest of the state in that we will have (statistically) run through the current listings in about 7-8 months.  It is definitely the time to put houses on the market - before everyone else does and while the market is hot.  I have buyers looking and I know others who do, too.  Even if it is winter - today!

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