Skaneateles, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Skaneateles, NY Real Estate Data


Skaneateles Housing Market Information

With 2,474 people, 1,153 houses or apartments, and a median cost of homes of $263,230, Skaneateles real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Skaneateles, accounting for 68.97% of the village's housing units. Other types of housing that are prevalent in Skaneateles include duplexes, homes converted to apartments or other small apartment buildings ( 15.44%), large apartment complexes or high rise apartments ( 14.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Skaneateles. Owner-occupied housing accounts for 67.03% of Skaneateles's homes, and 52.92% have either three or four bedrooms, which is average sized relative to America.

The housing in Skaneateles was primarily built before 1939 ( 52.30%), making the housing stock in Skaneateles some of the oldest overall in America, although there is a range of ages of homes in Skaneateles. The next most important housing age is between 1940-1969 ( 23.27%), followed by between 1970-1999 ( 20.58%). There's also some housing in Skaneateles built between 2000 and later ( 3.84%).

Vacant housing appears to be an issue in Skaneateles. Fully 11.44% of the housing stock is classified as vacant. Left unchecked, vacant Skaneateles homes and apartments can be a drag on the real estate market, holding Skaneateles real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Skaneateles Home Appreciation Rates

Appreciation rates for homes in Skaneateles have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.80%, which ranks in the top 40% nationwide. This equates to an annual average Skaneateles house appreciation rate of 0.85%.

Over the last year, Skaneateles appreciation rates have trailed the rest of the nation. In the last twelve months, Skaneateles's appreciation rate has been 3.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Skaneateles were at 1.09%, which equates to an annual appreciation rate of 4.44%.

Relative to New York, our data show that Skaneateles's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$263,230

Skaneateles, NY HOME PRICES

Value Range
> $1,079,000 1.3
$809,001 - $1,079,000 3.9
$540,001 - $809,000 9.7
$432,001 - $540,000 6.8
$324,001 - $432,000 15.8
$216,001 - $324,000 30.9
$108,001 - $216,000 26.6
$54,001 - $108,000 1.5
$0 - $54,000 2.0

High for NY
High for Nation

Value Relative to Nation Value Relative to State
20.3797023321223 35.6902356902357

Number Of Homes And Apartments:
1,153

Rent & Ownership

 

Average Market Rent:
$834 / per month

Homeownership Rate

Homeownership
Owners 67.03
Renters 32.97
Vacant 11.44

Housing Market Details

 

Age of Homes

AGE OF Skaneateles HOMES
2000 or Newer 3.8
1970 - 1999 20.6
1940 - 1969 23.3
1939 or Older 52.3

Types of Homes

TYPE OF Skaneateles HOMES
Single-Family 69.0
Townhomes 0.7
Small Apt. Buildings 15.4
Apt. Complexes 14.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Skaneateles HOMES
No Bedroom 0.77
1 Bedroom 15.05
2 Bedrooms 20.81
3 Bedrooms 29.80
4 Bedrooms 23.12
5 or more bedrooms 10.45

Skaneateles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
68.25% 3.06% 7 8
* 10 is highest