15 Straight Months Of Increases In Pending Homes Sales

Positive reports continue to showcase the housing market.  This is great news for home sellers, especially those that needed to sell either for job changes in different locations or those that needed to sell for financial issues.  For buyers it is still unbelievable news because it rides on the back of historically low mortgage rates.  You can still obtain a 15 year mortgage for under 3%, just unimaginable.



According to the National Association of Realtors  pending home sales rose in July to the highest level since April 2010 when the home buyer tax credit was about to close. Currently there are no home buyer tax credits.

The association’s pending home sales index rose 2.4% to 101.7 in July from 99.3 and stands 12.4% above July 2011 when it was 90.5. The data reflect contracts but not closings.

NAR chief economist Lawrence Yun stated “While the month-to-month movement has been uneven, more importantly we now have 15 consecutive months of year-over-year gains in contract activity.” All regions saw monthly increases except for the West which is plagued with an inventory shortage.

Estimations by NAR have home prices increasing 10% over a period of two years cumulatively, with 8 to 9 % in 2012 and 7 to 8% in 2013.

These numbers run true in the Finger Lakes area, most notably Keuka Lake, as we are starting to see a renewed interest in lakefront properties again.  Buyers consist of both cash and conventional mortgages.  So a hearty welcome goes out to all of those great people who want to become vacation home owners in the Finger Lakes.


Brought to you by Mary St.George Lakefront Realtor and Associate Broker at Wine Trail Properties, 315-719-8377 [email protected]

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Will The “Travolta” House Ever Sell ? On Keuka Lake ?

July 31st, 2012 categories: Keuka Lake, Luxury Waterfront

The lakefront home on Keuka Lake that became known as the house John Travolta purchased ( but did not) is still on the market since June of 2009.  Of course it is not unusual for a home of this caliber to be on the market so long.  The original asking price was $2,500,000.  This home was built and designed for entertaining as you will see in the following photos.

Guests can enjoy the outdoor lap pool and bar on the patio or they can head to the dock where they will find multiple outdoor serving areas. The dock has plenty of space for your guests to arrive by boat.

This is one of the largest lakeside decks that I have seen on Keuka Lake.  There are bars located everywhere in the home as well  as outside in key locations. Even the dock is illuminated very colorfully so that it can easily be seen at night.


Now lets stop inside – the living is room sports a sleek black marble wall.

Or how about waking up to refreshing views of Keuka Lake ?

For more information on this interesting 3 bedroom 5 bedroom lakefront home with 190 feet of lakefront on the highly desirable Keuka Lake complete with heated driveway for slippery weather and exercise room, contact me via phone, text or email.  This home is looking for the right buyer, someone who enjoys entertaining and has extravagant taste.  The home is currently offered at $1,900,000.

Information supplied for this listing by the GRAR via Sbarra& Wells Century 21 ,  This home has been listed for sale since 2009.

Brought to you by Mary St. George, Associate Broker, Wine Trail Properties, Your Personal Connection to Lakefront Living, 315-719-8377, [email protected]

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Skaneateles Lake Luxury Home For Sale – Reduced In Price

July 29th, 2012 categories: Luxury Waterfront, Skaneateles Lake, The Lakes

Currently the most expensive home listed on Skaneateles Lake for sale, even after a recent priced reduction.  Now offered for $2,995,000


This 5,654 sq ft home sits comfortably on just over 5 acres and 149 feet of inviting Read the rest of this entry »

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Canandaigua Lake Home For Sale – 1041 South Lake Rd

July 25th, 2012 categories: Canandaigua Lake, Luxury Waterfront, Real Estate News

This vibrant and light filled Canandaigua Lake home offers almost 1 acre of landscaped lawn and lakefront.  The home was built in 1985 offering 3,316 sq feet of luxurious living space.  Three bedrooms, three baths, a library area, sleeping porch and wrap around deck are a just a few of the inviting details of this lavish lakefront home located on one of the prettiest of the Finger Lakes, Canandaigua Lake.


Of course with a lakefront home on Canandaigua Lake, you will find yourself spending most of your time outside by the water, enjoying life with family and friends, and why not enjoy that time on this splendid, recently rebuilt dock and covered boat slip.  Set up a couple of tables, chairs and chaises and you are all set …



100 feet of lakefront and a 2 and half car garage wind up this delightful property..  The lot is private, and just the right size for your get-a-way home.   The current owner has this amazing property listed to SELL.

For a private viewing of this property or any other listings on Canandaigua Lake, just email, text or call me.  This lovely home is offered at the unbelievable low price of $650,000 originally listed for $1,050,000.  Information on this property supplied for MLS# 184142 supplied by GRAR.

Mary St. George, Associate Broker, , Your Personal Connection To Lakefront Living, 315-719-8377

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Fresh Traveler Takes On Keuka Lake

July 1st, 2012 categories: Keuka Lake



Fresh Traveler is one of 5 rally teams crossing the country for Rand McNally and USA Today .  They most recently have been in the Finger Lakes area and have been spotted in Corning and on Seneca Lake for the Cardboard Regatta.  Then they decided to take out a jet ski and zip around Keuka Lake. 

These teams are looking for “the most fun small town” in the US.


We already know Hammondsport ( on Keuka Lake ) is the “Coolest Small Town” and Hammondsport spent the last few days celebrating with parades, fireworks, food, wine and beer.  Hopefully the girls found some time to make it for the celebrations.

It is always fun to see someone discover our area for the first time.


 courtesy of Fresh Travelers blog site



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