Manhattanites Are Taking Over the Hudson Valley
According to a new report many people from New York City are ditching city life for the Hudson Valley.
In recent years, prices for homes in Woodstock jumped by 54 percent, Kerhonkson by 30 percent and New Paltz by 20 percent, according to Zillow. A major factor, according to the New York Post, "Manhattanites are taking over."
"We had such a great time hiking, biking and cooking with friends, we decided to buy into this lifestyle," Piers Constable of New York City told the New York Post about his weekend Hudson Valley three-bedroom home in Kerhonkson.
Constable and his girlfriend Michaela Wallin assumed they'd come to the Hudson Valley once a month, but they love the area so much, it's become a trip they make each week.
“It’s such a different vibe to what we experience during the week. We interact with our neighbors much more than we do in the city," Wallin said.
Charles Petersheim the founder of Catskill Farms is flipping houses in the Hudson Valley and selling them to New York City families or couples for $400,000 to $600,000.
“Woodstock isn’t what people are looking for in their country respite anymore,” Petersheim told the New York Post. "They wanted that you-can-ride-your-bike-without-getting-hit-by-a-car weekend experience: low density with amenities like shops and restaurants.”
According to the New York Post, word of mouth about the beauty of the Hudson Valley quickly spread from those who live in Manhattan.
“The weekends are filled with newly transplanted homeowners from the city enjoying a stroll along the waterfront and popping into boutiques,” Hadas Liebermann, the co-owner of a Kingston store said.
The owners of The Egg’s Nest in nearby High Falls told the New York Post they've noticed many real estate agents coming to the restaurant with potential homebuyers from New York City.
What are your thoughts on many New York City residents buying in the Hudson Valley? Let us know in the comment section below or on Facebook.
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