It's been slow, yes, except when homes go on the market and then they go very quickly. My last blog was in March about 26 Griffin Street in Skaneateles. We listed it on Friday, pictures were taken and inputted on Saturday, it appeared in the MLS on Sunday with a delayed showing date of Tuesday. At the brokers' open I had buyers and agents clamoring to get in ahead of time. By Wednesday evening we had three offers and had chosen one. Phew! That's fast!
Why? The house was in great shape, the sellers had staged it themselves beautifully, agents had prepped their buyers to be ready for anything that came on the market in the Village, and the price was definitely right. Badda-bing, bada-boom, as they say...
I also listed and sold another house in Westvale that went almost as readily. It's not just Skaneateles. Buyers are out there actively looking.
Currently there are 34 active listings in the Skaneateles area of the multiple listing service. Of these, 8 are in the Village and 8 are listed as waterfront. Overall in the Skaneateles School District there are 44 active listings. Town prices range from $100,000 to 3.9M; Village prices go from $150,000 to 1.4M.
The waterfront listings include three that are actually lake rights, not on the water, so really there are only 5 in this category. I decided to look at the lake as a whole and found 19 listings (4 as lake rights) on the whole lake. These include the towns of Skaneateles, Spafford, Homer, Sempronius, and Niles. I think this makes more sense. The lowest-priced true waterfront listings are in Niles; one is listed as $425,000 and my newly-reactivated Lakewood Lane is $450,000.
There have been 13 new listings since early March and 23 in the School District. Fifteen listings are considered under contract. Interestingly, only two of the waterfront (1 lake rights, 1 actual waterfront) are waiting to close.
BUT! There are 20 sold and closed single family properties as of this date. In 2017 there were 26, and in 2016 the number was 38. The latter was higher because at that time agents used Skaneateles generically, and included homes in Spafford and other towns in this category. Overall though, we are a bit on the low side for closings.
It's not because of the homes, just the lack of them! So please, if you are considering selling, there are buyers out there waiting breathlessly for your house to go on the market.
Stay tuned: The First Twenty sold and closed homes blog will appear soon! I promise!
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