Saranac Lake, NY Foreclosures
How much do homes sell for in Saranac Lake, NY?
The average home price is currently $495,474.
In Saranac Lake, NY, how many homes are available?
There are currently 11 active home listings available in Saranac Lake.
What’s the average rental cost in Saranac Lake, NY?
The average rental price in Saranac Lake is $1,624.
What is the most expensive home in Saranac Lake?
The most expensive home sold in Saranac Lake had a price of $18,347,702.
What is currently the cheapest priced home in Saranac Lake, NY?
The cheapest home for sale in Saranac Lake is priced at $18,399.
Living in Saranac Lake, NY
Saranac Lake is a picturesque village known for its stunning Adirondack landscapes and a thriving outdoor lifestyle. Ideal for families and outdoor enthusiasts, it features numerous recreational activities year-round. The community offers a rich blend of cultural experiences, local amenities, and a strong educational system that enhances the quality of life.
Current Market Conditions in Saranac Lake, NY
The real estate market in Saranac Lake is characterized by a mix of single-family homes, cottages, and new developments, appealing to a variety of buyers from year-round residents to seasonal homeowners. The demand has steadily increased due to its attractive lifestyle, pushing home prices upwards, especially for well-located properties near lakes and parks.
In recent months, the housing market has shown signs of growth, with properties often receiving multiple offers as buyers compete for available listings. This trend indicates a robust market, fueled by both local demand and external interest, particularly from buyers seeking a second home in a tranquil setting.
Home Value Estimator For Saranac Lake, NY
There are currently 3,323 real estate properties
in Saranac Lake, NY,
with a median automated valuation model (AVM) price
of $310,891.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Saranac Lake, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Saranac Lake, NY,
is $495,474.00, with the most expensive house
in Saranac Lake, NY, topping out
at $18,347,702.00 and the cheapest home
in Saranac Lake, NY,
clocking in at $18,399.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Saranac Lake, NY!
Rent Prices
In Saranac Lake, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Saranac Lake, NY, is on
a rollercoaster ride. The
average rent price in Saranac Lake, NY,
is $1,624.00. Indeed, when looking to rent in
Saranac Lake, NY, you can expect to pay as little
as $690.00 or as much
as $3,350.00,
with the average rent median estimated to
be $1,590.00. The good news is that finding
an affordable and desirable property to rent in Saranac Lake, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
