URGENT UPDATE: Tompkins County has witnessed a surge in real estate activity, with 27 homes sold during the week of November 8 to November 14. The median sale price for the area hit $348,000 for a 1,280-square-foot home on Strowbridge Street in Ulysses, emphasizing a robust market trend.
Among the notable transactions, Caroline Emmitt and Josie L. Wyllie sold a 2,098-square-foot property at 2084 Slaterville Road for $270,000. This home features five bedrooms and three bathrooms, showcasing the demand for spacious family homes.
In Dryden, William D. Graeper sold a sizable 2,430-square-foot residence at 3 Lewis St. for $295,000, also boasting five bedrooms and three bathrooms. These figures reflect a competitive market, with buyers eager to secure homes before year-end.
Notably, Tonima Biswas acquired a stunning 1,712-square-foot home at 20 Goodrich Way for $405,000, valued at $237 per square-foot. Such purchases are significant as they illustrate the ongoing demand for quality housing in desirable locations.
Further transactions included Daniel Farrell and Rebecca Benner obtaining a home on 521 Irish Settlement Road for $725,000, a remarkable figure indicating the high-end market’s vitality in the region. This 2,360-square-foot property features three bedrooms and two bathrooms.
The real estate landscape is shifting rapidly. Buyers are actively exploring options, with homes selling quickly across various price points. For instance, Ellen Bonn Trust sold a compact yet appealing 768-square-foot home at 110 Penny Lane for $338,000, which translates to an impressive $440 per square-foot.
As the market continues to evolve, experts urge potential buyers and sellers to remain vigilant. The rise in transactions reflects a broader trend across New York state, where housing demand remains high amid fluctuating interest rates and economic conditions.
What’s next? Analysts will be closely monitoring how these sales impact future listings and prices as the year closes. With holiday season approaching, many anticipate a slowdown, but current trends suggest Tompkins County could maintain its momentum.
Stay tuned for more updates on the Tompkins County real estate market as we track further developments. This is a crucial time for buyers and sellers, and the latest data underscores the urgency in making informed decisions in this active real estate environment.
