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Richard Gere Finds Buyer For $28M Northern Westchester Estate, Report Says
Movie star Richard Gere has found a buyer for his $28 million suburban New York estate, according to a new report.
Gere listed the 11,658 square-foot estate, located in Northern Westchester County, in the town of Pound Ridge, for $28 million, and moved to a smaller mansion in nearby North Salem, according to a report on Thursday, Jan. 20, from Dirt, a news outlet that focuses on luxury real estate.
This week, Mansion Global reported that the listing for the 50-acre Pound Ridge property with eight bedrooms and 11 bathrooms went into contract, according to Muffin Dowdle of Ginnel Real E…
Covid-19: Luxury Home Sales Soar North Of New York City
The market for luxury homes in the suburbs north of New York City has been red-hot during the COVID-19 pandemic, as realtors saw record-breaking numbers as eager buyers flocked en masse away from the densely crowded city.
Low inventories, highly-motivated buyers, low-interest rates, and a booming stock market created a true seller’s market, leading to record-breaking sales, specifically in Westchester, Putnam, Dutchess, and Fairfield counties, officials said.
According to a new report from Houlihan Lawrence, “pandemic-driven changes in buyer preferences were especially prevalent in New York…