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.
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.
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.