What's Selling in Marcellus?

By
Real Estate Agent with Hunt Real Estate

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listings in the past 30 days (although Arizona could be considered a re-list, since it was on at the end of last year, withdrawn, and is back on again).  5 of this 11 will be new construction in Fowler's Cedarville Ridge.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

"Your Blue Jean Agent"
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