It won't be reflected so much in the Skaneateles listings, but the spring buying season has been raging for about 4 weeks. I have buyers in Camillus, Baldwinsville and Syracuse who have been racing against other buyers to get to houses before they are sold. Last weekend was an example - a home came on the market, had 7 showings in the first five hours, and the agent cut off showings the next day because they had a multitude of offers. Presumably the house sold for over asking price. This was one example of many we encountered.
But currently in the Skaneateles area of the multiple listing service there are 57 listings. Our inventory is so low! Eight of these are listed over 1 million dollars and 17 are in the Village. Twelve are waterfront properties. Only two of these lakefront homes are under $750,000 while 6 are above one million. Waterfront is tough this year, just like last year!
Since the last update way back on the first of March, only 11 new listings have come on the market, and only three of these are in the Village. That's over 51 days which is over 7 weeks! I know each and every day because I have buyers looking in the Village, too. Four of these new listings have already been contracted. That quickly - yes! Overall, 16 are under contract.
The good news is that we have the first 20 sales of the year. However, by this time last year there were 31 sales! It's all about the inventory....if the price is right, it sells! Guess how many of these 20 homes that have sold and closed were in the Village! I will write out the "First Twenty" in the next few days and you will get your answer. I promise!
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