Central New York Real Estate

Cazenovia Schools Closed Thursday March 20th

noreply@blogger.com (CNY Real Estate) — Thu, 20 Mar 2008 01:50:00 +0000

All schools in the Cazenovia School District will be closed on Thursday, March 20th due to a bomb threat.

Superintendent of Schools Robert Dubik announced that a note was found in one of the high school bathrooms this afternoon. The note said a bomb was going be detonated in one of the schools in the district.

Police were called to the scene and the district is taking extra precautionary measures.

Real-estate giant Pyramid acquires Kinsgston firm

noreply@blogger.com (CNY Real Estate) — Mon, 21 Jan 2008 00:11:00 +0000

Upstate Commercial Group has been acquired by Pyramid Brokerage Co., Pyramid announced on January 7th. Steve Perfit, former president of Upstate, is now managing director of the Kingston office under Pyramid. All current Upstate employees were retained.

Syracuse based Pyramid has ten offices across upstate New York. In August, the firm became the exclusive upstate New York affiliate of global real-estate giant Cushman & Wakefield, which has offices in 58 countries.

The acquisition of upstate filled a gap in both Pyramid's and Cushman & Wakefield's coverage, said Bob Berkey, Pyramid's chief operating officer. The region is expected to serve as a relief valve for businesses that want to be close to New York City without paying city rent.

Syracuse homes still sell quickly

noreply@blogger.com (CNY Real Estate) — Mon, 22 Oct 2007 14:49:00 +0000

Day after day, bad news rolls in from real estate markets around the country: Foreclosures are accelerating; home prices are plummeting; and a glut of houses sits on the market unsold.

In many areas of the country, that is reality. But Syracuse still paints a more pleasant picture.

House sales continue apace here. From June through September, the average time a house spent on the market before selling was 54 days, said Jeff Roney, president of the Greater Syracuse Association of Realtors.

Read more at the Post Standard

Assistance available for senior homeowners

noreply@blogger.com (CNY Real Estate) — Sun, 30 Sep 2007 04:27:00 +0000

Assemblywoman RoAnn M. Destito, [D-Rome] recently announced the New York State Division of Housing and Community Renewal is awarding Oneida County a $600,000 grant through its Office for Small Cities to help elderly residents in rural and suburban communities make home repairs.

“This program will not only provide eligible seniors who are on fixed incomes maintain their homes, but it also will help them make their homes more energy efficient, helping them to reduce their utility costs,” Destito said.

Read more in the Utica Observer-Dispatch

Arts and Crafts style home featured for sale

noreply@blogger.com (CNY Real Estate) — Thu, 27 Sep 2007 01:28:00 +0000

The home featured in this week's Post-Standard is a historical gem! Originally designed by famed architect Ward Wellington Ward, the house at 168 Robineau Rd. still maintains a number of period details. More more info, read the article in the Post-Standard.

DestinyUSA's Green Parking

noreply@blogger.com (CNY Real Estate) — Mon, 24 Sep 2007 00:05:00 +0000

Although today's post is not directly related to the CNY Real Estate Market, it's something we thought was pretty interesting. In the home building arena, the next big thing is sustainable construction, or building "green" - that is, building in an environmentally conscious way.

Well the DestinyUSA folks have been preaching that all the development going on off of Hiawatha Blvd. there has the best interests of the environment in mind - and we noticed something new the other day - Green Parking!

Check this out - if you have a hybrid or other eco-friendly car, you can qualify for special up-close parking at the mall now.

NewsChannel 9 has a good story on this and other green efforts at the site. Let's hope this project really goes through and helps our economy now!

CNY Real Estate Update

noreply@blogger.com (CNY Real Estate) — Thu, 20 Sep 2007 02:36:00 +0000

Town house and condominium prices fell during the second quarter in Central New York, a trend some local Realtors attribute to an oversupply in the suburbs.

The median price of condos and town houses dropped 13.9 percent in the Syracuse metropolitan area, the biggest decline in any of the 60 cities tracked by the National Association of Realtors.

The median price fell to $123,000 in the second quarter, down from $142,900 in the second quarter of 2006, the association reported. The median is the midpoint; half the properties sell for more, half for less.

Central NY surviving housing slump

noreply@blogger.com (CNY Real Estate) — Tue, 18 Sep 2007 04:54:00 +0000

The housing market may be taking a pounding across the country but it seems to be a different story here in Central New York.

The Greater Syracuse Association of Realtors says it’s surviving the slump, though prices are down.

Nationally, home sellers can expect to see their properties sit on the market between 8 and 10 weeks on average, here in Onondaga County, on average, homes are being sold in 48 days.

Western NY homeowners feel property tax bite

noreply@blogger.com (CNY Real Estate) — Fri, 14 Sep 2007 20:00:00 +0000

Not in Central NY, per se, but our neighbors to the west are having similar problems...

The low cost of housing in the Buffalo Niagara region has a dark side: Homeowners here pay among the highest real estate taxes, as a percentage of home value, in the nation.

Niagara County homeowners’ median annual real estate taxes were 2.91 percent of the median home value of Niagara County homes in 2006, the second-highest percentage in the country, according to the Washington, D.C.- based Tax Foundation, a nonpartisan tax research group that analyzed newly released census data. The actual median tax paid in Niagara County was $2,638, ranking 145th in the nation.

Parade of Homes Coming Soon

noreply@blogger.com (CNY Real Estate) — Thu, 30 Aug 2007 16:18:00 +0000

It's that time of year again - the annual Syracuse Parade of Homes is almost here. It's out in the Town of Onondaga this year, in the Howlett Hill Meadow subdivision, and runs from September 8th through the 23rd.

Read more, from 315homes.com