• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

CENTURY 21 Alliance Realty Group's Blog

Record Sales of "Weekend Getaway" Second Homes

Did you know that U.S. vacation-property sales jumped 57 percent last year to an estimated 1.13 million, and accounted for 21% of all transactions in 2014?

This is a record in data going back to 2003, according to the National Association of REALTORS®.

Vacation-home buyers had a median household income of $94,380 and the typical property was 200 miles away from a buyer’s primary residence. About 40 percent of purchases were in beach areas, 19 percent were in the country and 17 percent were in the mountains.

The Mid-Hudson Valley is a weekend getaway for many Manhattan residents who leave the city each weekend to enjoy the beauty and lifestyle here.

Contact Us to discuss your perfect weekend getaway dream home.  We will take care of all the details!

Real Estate Market Trends - Why Homeowners Are Not Selling

As we move through the Spring season, we keep getting more good news.  Nationally most the real estate news is good, and the Mid-Hudson Valley is conservatively following the same pattern as the nation.  The only negative news seems to be the continued low inventory levels that are keeping the numbers down to a lower level than they would otherwise be.

I was reading a survey that was conducted by an Association of REALTORS® in a Midwestern state (not New York) that showed that the reasons that homeowners are not selling have drastically changed over the past few years.  

In 2012, the most common reason for not selling was that homeowners were waiting to sell for a higher price, with 59% selecting this response. The next most common answer, concerns about the economy, came in a close second with 56%. 50% indicated that would-be sellers' homes were underwater. In a distant fourth, only 16% of survey participants indicated that potential sellers weren't selling due to a lack of homes to buy after selling their home.

Compare the 2012 responses with those from last month's survey, and the changing attitudes are dramatic:

Mansions & Castles of the Hudson Valley

The Lyndhurst Mansion is highlighted in this video, which is the first in a series of 3 videos of the major mansions, or castles, along the Hudson River in New York's Hudson Valley.  The history of this region is so interesting!  When the video finishes, you have the option to view the 2nd and 3rd videos of our local 'royalty' and how they lived.