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After the fourth soggiest May on record, it appears as if the market is taking off in Skaneateles. We've known that about the western suburbs, but Skaneateles still had a ways to go with about a six month supply of homes. That has changed since the last update, a little over 3 weeks ago.
Currently there are 42 listings in the Skaneateles area of the multiple listing service, the lowest number of listings that I can remember. Of these, 5 are in the Village and 12 are considered waterfront. The median price is $415,000 - and that's high for all homes. The lowest priced home in the Village is just under $400,000. Again, quite high...but indicative of the historically low inventory.
Thirteen listings have come on the market in the past three weeks. Only 6 are new. One is a revised version of a listing, and the other 6 are re-lists, homes that haven't sold and are being refreshed.
Discussion is warranted here. About a month ago the MLS notified everyone that changes were coming. It has always been policy that listings must be displayed in the town in which the listing resides. However, in order to get the listing seen by buyers, sometimes listing agents use a different town. I've done that, most recently with 2474 Nunnery Road. I listed it in Skaneateles because it is in the school district, has a 13152 address, and would not be seen as readily in Spafford. (Note: Realtor.com refers to Spafford as "Stafford," for whatever reason....sigh....) I received a notification that I needed to change it to Spafford within a few days or be fined. It was changed. Other times I have done this for lakefront property. I doubt out-of-staters search Sempronius for Skaneateles Lake listings! Do you know where Sempronius is? There's a lovely Berkshire Hathaway listing there now! (S1053804)
The MLS is getting serious, however, and has stated it will REALLY fine everyone a lot of $$ and more rapidly.
This affects my statistics, going forth. Monitor and adjust....I am adding a new category: Skaneateles waterfront. Although only 12 homes appear as waterfront under Skaneateles now, there are actually 21 listed as waterfront irrespective of their Townships. I think this will be more accurate. (I must note that it is interesting that 2 listings not in the Town of Skaneateles are still listed as such....so we are not 100% there yet with accuracy.)
Back to the update...
There are 47 properties in the under contract category. WOW! And 18 are new - almost one a day for the past three weeks! Four of these are Village homes.
Sold and closed? Only 34 year-to-date, which is low...but with the backlog of under contract homes that number will soon be close to the past few years. Nine of these closings are new, too.
Come see me on Sunday at 152 Greencastle Street - it's air conditioned!
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