The First Twenty

For those of you new to the blog, this is a list of the homes that have sold in the Skaneateles area of the multiple listing service.  The First Twenty are the ones that have closed since the beginning of the year.  I report the sales as they will be, or have been, shown in the public record.  Seller concessions are often included in the sale price even though the actual net to the seller is less.  This is simply a way for the buyers to mortgage slightly more than they are paying to the seller - totally legal, limited by the type of mortgage, and perfectly allowable.  In my reporting I only note the actual sales price, however.

In my last blog I challenged readers to come up with the number of Village closings - see how well you guessed!

1031 Butters Farm       Town of Skaneateles       $462,000

35 Firelane 13A           Town of Niles                 $460,000

1611 West Lake Rd    Town of Skaneateles       $314,000

3819 Sadler Rd           Town of Skaneateles       $305,000

728 Reynolds Rd         Town of Skaneateles       $287,000

2678 East Lake Rd      Town of Skaneateles       $235,000

4059 Jordan Road       Town of Skaneateles       $185,250

1954 Amnaste             Town of Skaneateles       $155,000

4393 Chapman Road  Town of Skaneateles       $130,289

28 West Lake Street   Village of Skaneateles     $1,228,500

46 West Lake Street   Village of Skaneateles     $1,000,000

8 West Lake Street     Village of Skaneateles       $570,000

2 West Lake Street      Village of Skaneateles      $529,000

98 W. Genesee St.       Village of Skaneateles      $354,900

27 State Street             Village of Skaneateles      $320,000

10 Fuller Street            Village of Skaneateles      $280,000

64 E. Elizabeth St.       Village of Skaneateles      $275,000

20 W. Elizabeth St.      Village of Skaneateles     $266,500

188 E. Genesee St.      Village of Skaneateles     $233,500

9 West Austin St.         Village of Skaneateles     $186,000

Skaneateles Real Estate - The "Oh Boy Have I Been Busy" Update

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!