Tuesday, August 12, 2008

Skaneateles Real Estate - The Weekly Update

We are still creeping along here, but I see progress although not in the numbers.

There are currently 161 active single family listings in the Skaneateles area of the multiple listing service we all use. This week only 3 new listings came on: 1 in the village (looks lovely!), another in the town and actually Marcellus schools, and the last is a re-list. Rumor has it that the day before closing the buyers walked away on the advice of their lawyer - but not for any logical reason that the agent could see!

There have been no new contingent sales but one lake rights home has been marked "pending." And there was that beautiful closing of the property on Widewaters - for the reported price of 2 million dollars. The list price, I might add.

We now have 27 closed for the year - compared with 61 at this time last year.

But I wrote several offers this past week and a couple have come to fruition. I heard from an agent today that she was getting frustrated - properties are still marked active in the computer that have offers on them. She has taken her clients to see homes, gotten ready to write an offer, and THEN found out the properties were "gone." This happened to her 3 times! So this time she called first. Good idea.

One word to the wise: I did a free market analysis this morning on a home in Skaneateles. The owners had checked the "comparables" according to the tax information on the internet. The homes that were brought up were similar only in their square footage. They did not reflect what had closed in the past year, the conditions of the homes, or even the size of the land. This is why you need a Realtor in the trenches or an appraiser. And then, of course, the information on the property itself was inaccurate. You still need us!

4 comments:

CNYnutsandbolts said...

Sometimes I wonder if the tax records and certain real estate websites hurt more than they help. I wish I knew where they pull those numbers from. I check my house on Zillow and the county tax records, but I will be in a convalescent home before my house can be sold at either of those prices.

CNYnutsandbolts said...

Sometimes I wonder if the tax records and certain real estate websites hurt more than they help. I wish I knew where they pull those numbers from. I check my house on Zillow and the county tax records, but it isn't worth anywhere near either price listed. Maybe there is a gold mine in my yard that the dogs haven't dug up yet.

Anonymous said...

Meg,

This house for 2 Million did not sell at the original list price or even close. It was listed for a heck of alot more money in the past 2 years and had been reduced many times. Once again, the house was reduced to the "market price" and it sold. It was listed for almost double that in the past. Once owners get realistic, houses will move like hotcakes

Regards,

Faithfull reader

Anonymous said...

We own the contemporary ranch at
2935 West Lake Road which is for
sale. It went under contract in May. The first closing date was in June, the second was August 8. The
buyer's lawyer told us the morning of (the second) closing that the buyer did not get mortgage commitment (despite pre-approval and a very reassuring letter from the bank).

So it is probably the re-list you
mention.

It has been in pending status all
summer and has now fallen through!
Please consider taking a look at it
and showing it to investors. It is
near the airport and would be great
for a pilot (my husband is a pilot) wanting a lake home. It is also right by the boat ramp and has
ample room to keep a boat around back.

Pat Snyder of Williams is the realtor. She'll be happy to answer
any questions.