Trumansburg Tuesday (Back to School!)

Happy September 5th and for a lot of us, back to school day!   Fall is right around the corner and despite the stereotype that only spring and summer are a good time to buy or sell a house, fall is a fabulous time to do so!

Trumansburg currently has 23 non-lake front residential properties for sale.  The lowest listed price is $75,000 (40 Cemetery st) and the highest is $800,000 (9284 Rte 96), making the average list price $288,500 and the median, $274,900.

54 residential, non-lake front properties have sold in Trumansburg YTD.  The average sale price is $205,000

And there are 21 residential, non-lake front properties that are under contract/sale pending.  The average price is $235,800.   If all of these properties close within the calendar year, Trumanburg will have the highest number of sales in the last 7 years with 75 residential units sold.

Tburg Sold 10-16


That tells me that T-burg is in demand.


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WOW! Property Wednesday

5296 Town Line Rd, McGraw NY.   $435,000

This is your private, exclusive oasis on 20.27 acres with Approx 3000 square feet of dream home, wind turbine, hydroponic green house and barn/metal outbuilding. Breathtaking views of the west make for incredible sunsets from this custom built log retreat with wrap around deck. In addition to 4 bedrooms & 3 full baths (a bath on each level), the lower level is exemplary; perfect for entertaining with it’s own stainless steel countered kitchen and hot tub area plus bathroom with sauna! Loft master with walk in closet & sitting area. (35 add’t acres for sale)

Click here to take the Aerial and Video Tour



Trumansburg Tuesday

For us in Trumansburg it’s almost back to school time!  Next week at this time, the kiddos will be back in school and learning!   With that, I thought today’s Trumansburg Tuesday should be a lesson on the Trumansburg Real Estate Market for 2017 (so far).   It’s been a busy real estate market for our little community.

The entire Trumansburg School District continues to rise in value as demand stays steady.   The following are residential, non lake front sales for the entire district which includes portions of Schuyler and Seneca Counties in addition to Tompkins.

Tburg Sold 10-16

Stats courtesy of Ithaca Board of REALTORS mls

There are currently 20 residential, non lake front properties under contract or sale pending.  If all of those properties get to closing before the end of the calendar year, then T-burg will have more closed sales than every previous year except for 2010 (when the first time home buyer tax credit propped up the market).   Property values continue to rise steadily, proving that real estate in this area is a good, solid, long term investment.

There are currently 22 residential, non lake front properties for sale within the Trumansburg School District, listed in the Ithaca Board of REALTORS mls.   The average list price is $278,000.

Breaking the stats down a bit further, we can see what the T-burg Village real estate is doing.   A little more than halfway through the year and the village has sold more residences than the previous 4 years.  The average sale price continues to inch up and residents can find solace in the fact that their property (and investment) is increasing steadily in value year over year.

Tburg Village Residential SOLD YTD 2004-2014_Page_1

There are 8 properties that are under contract/sale pending within village limits with an average price of $256,000.   If those 8 properties sell within the calendar year then the village will have sold 31 residential units which is the highest number for the past 10 years.   This tells me that Trumansburg is in demand and increases in demand every year.

The inventory this year has met that demand and we can see that there are only 4 properties for sale within the immediate Village boundary lines, while the demand is still moderate.  The average list price right now is $240,000.  Lowest listed price is $75,000 and highest is $349,000.

Happy #TrumansburgTuesday!

As always…

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