N
ew York's Columbia County in the Hudson Valley remains a hotbed for luxury homebuyers, defying the national trend of leveling demand for rural properties post-pandemic. Agents report bidding wars and competitive sales reminiscent of the height of the pandemic housing boom.
Wealthy buyers from Boston, New England, D.C., the Midwest, and California are flocking to the area, drawn by its country homes and rural landscapes. The median listing price in Columbia County has risen 6% year-over-year to $635,000, with some listings reaching as high as $22 million.
The market's continued strength is attributed to a growing pool of buyers seeking luxury properties with modern finishes. Agents advise sellers to present turnkey homes that are move-in ready and authentic to the property. Central air conditioning has become a necessity in the region, and investing in appliances can also maximize a home's value.
Established areas like Hudson, Austerlitz, and Hillsdale remain highly sought-after, with prices continuing to rise. The median price in Hudson reached $745,000 in August, an 80% spike from the previous year. Chatham, Hillsdale, and Germantown are also attracting buyers, with listings proliferating in the $3 million to $4 million range.
To appeal to affluent buyers, sellers should focus on presenting a clean, well-maintained home with modern amenities. A warmer approach to design is preferred over the "Home Depot version" of modern farmhouse renovations. With standards rising dramatically, sellers who invest in their properties are likely to reap significant rewards in this competitive market.
realestate
Upstate New York's pandemic-fueled housing market remains a hot spot
New York's Columbia County in the Hudson Valley feels like a throwback to the pandemic-era housing boom.
Read More - realestate
realestate
Boston Real Estate Times Honors Top Performers at Prestigious Annual Awards Ceremony
250+ Commercial Real Estate Pros Attend Boston Real Estate Times' Annual Excellence Awards Gala.
Read More - realestate
realestate
Luxury Homes Sold in Central New York: Top Transactions October 5-11
Here are the top stories for CNY counties from October 5-11:
Read More
realestate
Orland Park developers seek public financing for underutilized land parcels
Developers explore public financing for three vacant Orland Park properties through tax-increment financing.