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What's Selling in Marcellus?

So what's selling in the town of Marcellus?  In the past 30 days, just five properties have been changed to a pending status (an accepted contract with contingencies removed).  South State Street, Patterson, Gray Ledge Terrace, Lot 15 Sage Meadows and lot 4 Abounding Way.  Sage Meadows and Abounding Way are both Pigliavento lots.  Listings changed over to a K status (offer accepted but with contingencies) in the past 30 days are East Maple, West Main, New Seneca Turnpike, Hillside and Deerpath.  Combining the two statuses for a total of 10, we have a low list price of $82,000 and high of $299,900. Five colonials, three ranches, one split level and one cape. 

 

There are 11 new listings in the past 30 days (although Arizona could be considered a re-list, since it was on at the end of last year, withdrawn, and is back on again).  5 of this 11 will be new construction in Fowler's Cedarville Ridge.

 

There's a total of 66 active listings in the MLS for the town, 32 of which are listed as existing (not "to be built") - which translates into "there's a few builders looking to build in town!"  There's 14 total pended listings (including the 5 within the past 30 days).

 

I guess the best way to sum up a Marcellus snapshot is that houses are selling, but it can take a little bit of time.  Looking at how the MLS tracks the number of days a listing is active across the pended listings, it's a range from 3 to 145 days.  The average is 72 days.  That's actually a pretty good number.  It just doesn't seem like it after the frenzy of a few years ago.

Comment balloon 0 commentsSharon Wager • June 11 2008 11:15AM

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