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Tuesday, nov 12
Tag:
Housing Market
Real Estate
Here's How Putnam's Luxury Housing Market In Q3 2024 Compared To Hudson Valley Counties
A new report has revealed a growing number of luxury home sales in the Hudson Valley and Fairfield County during the third quarter of 2024. In markets north of New York City, including the Hudson Valley counties of Westchester, Putnam, and Dutchess as well as Fairfield County, luxury home sales have experienced a sharp uptick, according to Houlihan Lawrence's Q3 Luxury Market Report. The report, released on Thursday, Oct. 10, revealed that the percentage of these sales increased by double digits in each county and was concentrated in the lower end of the luxury markets. T…
Real Estate
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says
Blink and you could miss out on homes in these New York locales, among the hottest housing markets in the country, according to a new ranking. Two metro areas in the Empire State made Realtor.com’s “20 Hottest Housing Markets” list for April 2024. To come up with its ranking, the real estate website looked at two key factors in analyzing house markets: Market demand, measured by unique property views on Realtor.com, and the pace of the market, measured by how long houses are for sale. The following New York metro areas made the ranking: No. 2: Rochester. Median listing price: $295…
Real Estate
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
A record-setting low number of inventory caused housing sales in the Hudson Valley to decline over the third quarter of 2023 despite intense competition among buyers, according to a new report. The number of homes bought over the third quarter of 2023 declined in Westchester, Putnam, and Dutchess Counties, according to the Houlihan Lawrence Westchester-Putnam-Dutchess Q3 Market Report released on Wednesday, Oct. 11. Although the market showed declines in all three counties, median sales prices went up slightly as buyers intensely competed for the homes that were available, accord…
Real Estate
Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
After a dramatic rise in housing sales in the Hudson Valley as a result of the pandemic, the buying of homes started to decline in 2022, according to a new report. Compared to 2020 and 2021, housing sales in Westchester, Putnam, and Dutchess Counties showed a decline in 2022, according to a report by the Houlihan Lawrence real estate brokerage from Thursday, Jan. 5. While sales declined, average sales prices of homes also increased in all three counties, the report said. Houlihan Lawrence officials attributed this to an "unsustainable" volume of sales created by high demand…
Real Estate
In-Depth New York Times Profile Cites Hudson Valley Hamlet's 'Feel-Good' Spirit
A new in-depth report from The New York Times has described the "feel-good" spirit of a Hudson Valley municipality that has seen a population increase over the past few years. The news outlet reported that the Ulster County hamlet of Highland has received a population boost during the COVID-19 pandemic as New Yorkers moved out of New York City seeking more space. The profile shares a variety of insights into the price of homes, the schools, and the history of the hamlet. The Times also spoke with residents and people who work in Highland. "You have the beautiful views, the fantastic…
Lifestyle
New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K
A new real estate trend has seen a growing number of millennials purchasing historic houses for less than $100,000. "Cheap Old Houses," an Instagram page run by a listing website, has seen significant growth in its following throughout the pandemic. The page began with 750,000 followers at the beginning of the pandemic, according to Business Insider. As of December of 2021, it has grown to 1.8 million followers. View this post on Instagram A post shared by Cheap Old Houses ™ (@cheapoldhouses) The page's founder told the news site that the …
Real Estate
Covid-
19: Pandemic Leads To Surge In 'Tiny House' Sales
It seems puzzling at first, but COVID-19 has increased demand for homes in the 120 to 500 square-foot range. Tiny homes, the seemingly quirky, sustainable living trailers that were popularized during the 2010s recession, are being sought in greater numbers, according to manufacturers and industry analysts. A manufacturer in California became so inundated with requests that he had to expand his warehouse from 12,000 square feet to 22,000 square feet, according to Yahoo News. 2020 wound up being a record year for the company and no one was more surprised than the owner. Why would anyone want…
Real Estate
NYC Rents Soar To Three-Year High
With New Yorkers leaving the state in record numbers, rent prices continue to rise in New York City, reaching a three-year peak. The average rent for a one bedroom apartment in New York is up to $2,980, according to a new report by Zumper. The number represents a 4.2 percent increase from June a year ago and prices have reached a three-year high. The report found that two-bedroom apartments in the Big Apple are also becoming more expensive, up to an average of $3,330 monthly, a 5.1 percent increase from 2018. The average price of rent in New York City is the second highest in the country, …
Real Estate
New York Foreclosures At All-Time High, America At All-Time Low
Foreclosure auctions in the U.S. are at an 11-year low -- but not in New York. It's quite the opposite, as foreclosure auctions are at an 11-year high, according to a new report by ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database. ATTOM Data Solutions released its Year-End 2017 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 676,535 U.S. properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest le…
Real Estate
Mohegan Lake Complex Sells For $54M
The Landing at Mohegan Lake has sold to Ginsburg Development for $54 million. The company announced the acquisition Tuesday of the 207-unit lakefront community, which features one and two-bedroom apartments. Ginsburg acquired the property from New Chalet Apartments. The apartments range in size from 712 to 1,215 square feet and rent from $1,860 to $2,595 per month. Ginsburg said it plans to modernize existing amenities and add more amenity space including a children’s playground, gazebo/BBQ area on the lake and lakeside clubhouse. The existing fitness club, swimming pool, and landscaping w…
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