Newsletter

Relocation Appraisal Specialists

CNY Appraisal Associates provides appraisal and consulting services. This firm is comprised of a group of professionals specializing in the real estate markets of estate appraisal and consultations, the firm engages in a diversified practice encompassing the valuation of residential, vacant land, residential subdivisions, and special purpose appraisals.Additional expertise is offered to both the public and private sector for litigation matters involving eminent domain proceedings, contractual disputes, bankruptcy, equitable distribution, estate valuations, expert testimony, and relocation appraisals.

This newsletter has been prepared as part of a continuing effort to bring a focus to the complex and highly diversified real estate markets of Central New York. The information and analysis contained herein are based in whole or in part of data supplied by various sources including Board of Realtors, and Multiple Listings Systems.All information is from sources deemed reliable, but no guaranty of its accuracy can be made; and this newsletter is issued subject to errors and omissions, statistical assumptions and changes in the market place.

We can use your help to ensure the Market Trends will continue on a quarterly basis.It really helps when you request our services.If we can help you with any kind of valuation difficulties please do not hesitate to call us.

 
  
VanBuren and Lysander 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 119 114 106 102 111 116
# of New Listings 87 183 141 132 160 194
Supply/Demand 1.37 .62 .75 .77 .69 .6
Unsold Inventory Index 6 Mo 6 Mo 4 Mo 3 Mo 4 Mo 5 Mo
Clay 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 205 155 156 207 194 180
# of New Listings 103 199 200 225 267 318
Supply/Demand 1.99 .78 .78 .92 .73 .55
Unsold Inventory Index 3 Mo 3 Mo 2 Mo 1.5 Mo 2.5 Mo 2.5 Mo
Cicero 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 120 103 92 12 131 141
# of New Listings 104 163 167 188 183 213
Supply/Demand 1.15 .63 .55 .60 .72 .66
Unsold Inventory Index 5 Mo 5 Mo 5 Mo 3 Mo 3 Mo 4.5 Mo
Salina 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 81 97 90 104 90 94
# of New Listings 101 131 125 127 133 145
Supply/Demand .8 .74 .72 .81 .68 .65
Unsold Inventory Index 6 Mo 5 Mo 3 Mo 2 Mo 2.5 Mo 3.5 Mo
Dewitt 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 101 81 83 110 87 95
# of New Listings 57 104 147 135 144 130
Supply/Demand 1.77 .78 .56 .81 .61 .73
Unsold Inventory Index 5 Mo 4 Mo 6 Mo 4 Mo 4 Mo 4.5 Mo
  

New York State Certified Appraisers

CNY Appraisal Associates
P.O. Box 7
Syracuse, NY 13214
(315) 422-1784

GSegar@TWCNY.RR.com


Guide

Sales:
Number of homes which were contracted for sale within the submarket.

New Listings:
Number of new listings within the submarket area.

Supply/Demand Ratio:
The relationship between "new listings" and "sales" activity expressed as a percentage ratio. Changes in this ratio can often be an early indicator of a shift in market conditions. A rising ratio is indicative of improving market conditions, while a declining ratio suggests worsening market conditions.

Unsold Inventory Index:
The period of time which is projected to be necessary to sell the present inventory of available homes.
 
 
     
Manlius 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 117 128 120 106 125 120
# of New Listings 113 156 151 138 198 200
Supply/Demand 1.04 .82 .79 .77 .63 .60
Unsold Inventory Index 5 Mo 5 Mo 4.5 Mo 3.5 Mo 5 Mo 5 Mo
Pompey, Fabius, Tully, Otisco, Spafford & LaFayette 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 48 28 40 28 47 32
# of New Listings 48 60 67 58 67 69
Supply/Demand 1.0 .47 .60 .48 .70 .46
Unsold Inventory Index 8 Mo 8 Mo 7.5 Mo 6 Mo 6 Mo 7 Mo
Skaneateles, Marcellus, and Elbridge 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 63 56 70 70 74 73
# of New Listings 70 79 91 99 92 110
Supply/Demand .90 .71 .77 .70 .80 .66
Unsold Inventory Index 6 Mo 6 Mo 6 Mo 7 Mo 5.5 Mo 5.5 Mo
Onondaga 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 58 57 56 47 62 52
# of New Listings 50 91 78 90 89 83
Supply/Demand 1.16 .63 .72 .52 .70 .62
Unsold Inventory Index 6 Mo 7 Mo 6 Mo 5 Mo 4.5 Mo 6.5 Mo
Geddes and Camillus 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 89 109 113 111 106 116
# of New Listings 109 152 146 164 175 219
Supply/Demand .82 .72 .77 .67 .61 .53
Unsold Inventory Index 5 Mo 5 Mo 3.5 Mo 3 Mo 3.5 Mo 5 Mo
  
Syracuse North
3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 89 91 104 102 115 118
# of New Listings 169 199 198 170 225 222
Supply/Demand .53 .46 .53 .60 .51 .53
Unsold Inventory Index 13 Mo 10 Mo 10 Mo 6 Mo 7.5 Mo 6 Mo
Syracuse South 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 36 53 43 45 39 66
# of New Listings 77 106 85 77 103 118
Supply/Demand .47 .50 .51 .58 .38 .56
Unsold Inventory Index 16 Mo 12 Mo 8 Mo 8 Mo 9 Mo 6.5 Mo
Syracuse East 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 69 59 73 75 75 86
# of New Listings 89 114 112 94 123 119
Supply/Demand .78 .52 .65 .80 .61 .72
Unsold Inventory Index 10 Mo 7 Mo 5 Mo 4 Mo 5 Mo 3 Mo
Syracuse West 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 45 51 37 57 55 48
# of New Listings 90 94 96 106 109 86
Supply/Demand .50 .54 .39 .53 .51 .56
Unsold Inventory Index 16 Mo 9 Mo 12 Mo 10 Mo 7.5 Mo 5 Mo
Madison County 3rd Qtr.
1999		 3rd Qtr.
2000		 3rd Qtr.
2001		 3rd Qtr.
2002		 3rd Qtr.
2003		 3rd Qtr.
2004
# of Sales 126 144 142 123 154 163
# of New Listings 156 224 202 196 238 306
Supply/Demand .81 .64 .70 .63 .65 .53
Unsold Inventory Index 8 Mo 7 Mo 7 Mo 5.5 Mo 6.5 Mo 6.5 Mo
 

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