Life is short - Live on the Lake!
You’re sitting on the deck of your rented cottage watching the sun set over one of the beautiful Finger Lakes and suddenly it hits you – why just visit when you could live here?
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Stats as of 10/22/2009
The Lake Front Statistics for Property listed in the SYRACUSE Multiple Listing Service with LAKEFRONT. A total of 430 Residences are/were on market at some time during 2009. This breaks down as follows:
· 303 or ~71% are currently Active
· 16 or ~ 3% are currently Under Contract and awaiting a closing date
· 111 or ~26% have Sold from 1/1/2009 until 10/22/2009
The Lake Front Statistics for Property listed in the ITHACA Multiple Listing Service with LAKEFRONT. A total of 182 Residences are/were on market at some time during 2009. This breaks down as follows:
· 126 or ~69.5% are currently Active · 14 or ~7% are currently Under Contract and awaiting a closing date · 42 or ~23.5% have Sold from 1/1/2009 until 10/22/2009
· 14 or ~7% are currently Under Contract and awaiting a closing date
· 42 or ~23.5% have Sold from 1/1/2009 until 10/22/2009
Traditionally, the central NY Real Estate “season” starts in the February/ March/April and slows through to the beginning of the school year. For Lake Buyers, the peak has usually been July 4th Weekend. The 2009 Real Estate market season started sluggishly and very late more towards May/June than the earlier Spring. High end lake buyers have been scarce this year and only really started actively searching for lake homes much later than usual, more in the beginning of August. Granted, the area hasn’t had its best summer, in terms of weather, on record but, we believe that many Lake Buyers were also getting their money and confidence in the rise of the stock market. The chart below shows the stock market daily averages from the beginning of 2009 until October 22, 2009, they seem to coincide with our findings in our local Real Estate Market.
