Earlier this week, I posted on the benefits that could come
from having a Parade of Homes in the city of Syracuse. The Parade is an annual event held here and
in many other areas across the country, where local home builders, interior
designers, and landscapers get together to showcase their talents in new
housing developments. My thinking was
that the city proper – in our case the employment and cultural center of
Onondaga County – would realize benefits across a broad spectrum of measures if
that kind of development were to occur within its boundaries.
I wondered, after doing that post, how Onondaga County and
the surrounding areas are doing in terms of the real estate market generally. If someone were to ask me how I thought the
market was doing, I’d point to the fact that we still see houses being sold in
the wealthier suburbs for half a million dollars and up; I’d point to the
number of houses that sell for right around their asking price, according to
the weekly real estate section, and I’d probably say we’re not doing as bad as
many areas of the country.
To put my thinking to the test, I did some research and
found statistics at cnyREALTOR.com, the official site of the Greater Syracuse Association of Realtors and
the Central New York Information Service.
The site provides a wealth of information on the local real estate market,
including a chart which shows that for sales of existing homes across the 19
county towns and the City of Syracuse:
- Sales are up overall, compared to 2011;
- The average sales price across all jurisdictions is up;
- In 14 of the 20 jurisdictions, the number of homes sold is up; of the remaining six, one is even, and three are only off by one sale;
- Only two towns are down in both number of sales and average sales price;
- And in the city of Syracuse, sales are up by 70 homes and the average priceis up $4,100.
Overall, based on these numbers, our local market seems to be in fairly good shape; how are things in your neighborhood?
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Thanks for sharing your thoughts!