R.K.: 99 percent of the people we’ve sold to are very happy. They always had this fantasy about what living in the Hudson Valley would be like, but once they got there, it was cold, not a fantasy anymore, and they wanted to go home.Ī.T.: They bought it for $1.350 million and we just sold it for $2 million not even a week after listing it. R.K.: They don’t hate the house, they hate the Hudson Valley. A year later they called and said, “Thank you so much for getting us this house, we hate it.” They said, “We’re moving to the Hudson Valley, we want to find a rental, then we’re going to look at houses.” They called a week later, they said, “We found our house, buy it for us.” It was a beautiful stone house, they paid over ask. In the first half of 2021, that number was $709 million.Ī.T.: At the very beginning of the pandemic, April or May, these lovely clients called us from London. Team.ĭuring the first half of 2020, some $348 million in real-estate deals happened in Dutchess County, a popular part of the Hudson Valley. We talked to brokers in three of the wildest upstate markets: the Hudson Valley, the Catskills, and Kingston.ĭutchess and Ulster Counties: Raj Kumar and Annabel Taylor, Sotheby’s Lillie K. When it came to the most in-demand properties - tastefully furnished farmhouses with wide-plank floorboards, Scandinavian-inspired cabins, anything with a pool or priced under $500,000 - it wasn’t uncommon for brokers to field 15 or 20 offers. This past year, in upstate New York, city dwellers swarmed small towns and villages, turning what had, even before the pandemic, been a very competitive housing market into pandemonium: real-estate lust spiked by panic. emails from clients, the 16-hour, six-day-a-week workdays, and the all-cash offers coming in from people who’ve never once seen the property they’re buying. In this new series, Realtor Diaries, we talk to the people at the center of it all - about the 2 a.m. Buyers are offering to name their firstborn baby after sellers. Houses are going for millions over asking in Boise and Albuquerque. In the past year, the real-estate market has - well, gone berserk. Photo-Illustration: Curbed Photo: dbimages/Alamy Stock Photo
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