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listings in the past 30 days (although Arizona could be considered a re-list, since it was on at the end of last year, withdrawn, and is back on again). 5 of this 11 will be new construction in Fowler's Cedarville Ridge.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