New York is still recovering from the seemingly endless effects of COVID-19. From the unemployment rate and social implications to the enormous loss of life and economic nightmare, the Big Apple has suffered dearly. The vaccination, it seems, has not been the ultimate savior we had hoped for, as new strains and more mask mandates sweep the country.
Despite our tragedies, New Yorkers are well established survivors, as witnessed during and after 9/11. As a state, as well as an integral part of this nation, we are finally starting to recover from these cataclysmic events. The proverbial “end is in sight”, as they say.
Housing Market in Upstate New York
The housing market in all of New York is ever-changing, like real estate markets fluctuate anywhere. The recent worldwide pandemic has had Upstate New York’s housing market in particular on an unprecedented roller-coaster ride of uncertainty. Wall Street now shows signs of improvement, promising eventual recovery. So do most previously thriving housing markets across the country. But is it too soon for buying property Upstate – or worse – is it too late?
A Weekend Home and Private Getaway
If you’ve been toying with the idea of buying a weekend getaway home Upstate, this is absolutely the perfect time to ‘make your move’ – if you haven’t done so already. Interest rates are still at record lows, and prices are still competitive with inventory just higher than buyer demand, making the buyer’s advantage slightly higher.
However, things are quickly changing. Inventory is dwindling fast, and demand is increasing. These indicators won’t last long under the current market conditions. Plus, there are still a few gems out there – if you’re willing to look. Here are some additional tips for those interested in getting a piece of the action.
Looking at one of Upstate’s most popular spots, Ulster County, in the well known city of Woodstock, population 5,804, we find the perfect small town setting. It is currently known for its art and cultural community, especially the performing arts. It has several theatres to choose from, and locals love the excellent organic selections at the local markets. The median house price is about $354,700K, but the selection of high quality homes is getting scarce. We found one in a slightly higher price range but still a good value for what it offers.
Priced at $485K, this home is 4 bedrooms, 3 bathrooms and 1,900 square feet on just over an acre of land, at 22 Forestwood Drive in Woodstock. Two fireplaces, gorgeous bay windows, deck, garden and more. Check it out if you’ve been thinking about this location.
Coveted Hudson Valley offers this beautiful home at $695K for 2,685 square feet and 3 bedrooms, 2 baths. It’s located at 93 Green Street, just walking distance from popular shopping on Warren Street, plus you can watch beautiful sunsets on the Hudson River. This house is perfect for a weekend getaway
This gorgeous home located in Dutchess County in Poughkeepsie is at 3 Kinderhook Drive. This listing is the perfect starter upstate home with a quaint neighborhood and park-like backyard. You can upgrade the backyard with a pool, playset or patio and transform the inner workings of the home in whatever style you would like.
Spackenkill schools nearby, as are the Metro North trains and Interstate Route 84. Two levels with a detached garage and washer and dryer means you can turn this home into the upstate oasis of your dreams, never needing to venture back to the city for anything.
Off the Grid Opportunity
This 3 bed, 2 bath secluded rustic retreat can be found on 965 Country Route 30 in Altmar. Wood paneling throughout the home provides the perfect background for any of your hunting or woodland paraphernalia. Hardwood cabinets and black granite counters adorn the kitchen, perfect for morning flapjacks. With a 4 car garage detached from the home, you have plenty of space to hold your ATV or snowmobile in between trips down the road to Salmon River. If you want to go off the grid, this is the place for you.