The lots on Calemad Drive are selling. Of the 40 original lots, there are only five remaining. Now why is this, after years of having them on the market, why are they getting good looks, many inquiries, and offers?
Of course part of it is because they are in the Skaneateles School District and the Town of Sennett, a combination that produces low tax rates. Very low. They have been built out with gorgeous homes that retain their value. The community is welcoming - a great place to walk your dog or your kids. The lots are large - over 2 acres and the ones that remain are wooded and private. Prices range from $80,000 to $87,500
Currently there are 19 active listings in the Skaneateles area of the multiple listing service. Of these, 5 are in the Village and 9 are considered waterfront. Coincidentally, 9 are listed for over a million dollars. There are 21 single family properties under contract.. Since the beginning of 2021, 9 have closed; 3 were in the Village and none were waterfront. Looking at the Skaneateles School District which encompasses parts of other towns, there are still only 19 active listings.
I searched for homes under $200,000 this past week for a client. She was able to go to other school districts, so I explored everything west of Syracuse in Onondaga County. In Marcellus, Jordan-Elbridge, and Skaneateles combined there were 9 homes listed under 200K - out of only 35 homes altogether. I added Westhill, Onondaga and West Genesee School Districts; 81 was the total and of these only 24 were under that $200,000 limit.
Amazing. Skaneateles alone has had 81 listings in the past few years.
Low inventory alert! Rates are incredibly low, so a mortgaged $200,000 would have a much lower payment of course, so presumably you could spend more...but still. If you see a home in this price range so has everyone else. Listings arrive on the market with the date and time when multiple offers will be negotiated.
Calemad Drive's lots are therefore very appealing. You can buy and wait, or build a huge house or a modest one of (at least) 2200sf. It's only minutes to the Village going east, and Auburn to the west. You'll find it off Parcell Road which is off Franklin Street Road. Look for my signs please!
