Catskills Buyer + Seller: To wait or not to wait, Part 2

The doom and gloom of national headlines on the topic of real estate justify the expectation that the real estate market should be tanking. But so far prices have largely held in, thanks to fundamental underpinnings to The Catskills and Hudson Valley economy that have shifted in recent years, most obviously during the pandemic. It’s worth exploring these factors because buyer expectations of a bubble burst may be misplaced or over-estimated.

market info, buyers, sellersJennifer GrimesDecember 6, 2022Catskills, STRs, rentals, inventory, investmentComment

Catskills Buyer: To wait or not to wait, Part 1

Responses to our recent buyers’ poll were not unexpected, with the word “waiting” dominating. But others referenced looking forward to property prices dropping and seem to be anticipating reentry when that happens. Is that a good strategy? National media refers to the state of the housing market using doomsday language, but our area does not always operate in lockstep with the rest of the country. So what are we seeing in terms of price movements, buyer behavior, and what can we expect over the coming months?

market info, buyersJennifer GrimesNovember 13, 2022interest rates, bidding wars, CatskillsComment

My first listing in the age of coronavirus (and what happened)

In this upended world where every day is a month, my last post two-and-a-half weeks ago appears to have been more of a hunch, while now I have at least some stronger anecdotal evidence to cull from, regarding the coronavirus’s impact on the second home market in The Catskills and Hudson Valley.

market info, Catskills, buyers, sellersJennifer GrimesApril 27, 2020CoronavirusComment

How will the coronavirus impact the Upstate second home market?

When we’re free in the world once again, will the feeding frenzy of recent years be even more frantic, or will the bottom drop out leaving only the sound of crickets? I do have a strong sense of optimism about the real estate market in The Catskills and Hudson Valley, however, borne out of anecdotal feedback from our second home buyers including what their current general frame of mind is, as reflected in emails and my little Instagram survey.

buyers, Catskills, market info, real estate, sellers, sullivan countyJennifer GrimesApril 8, 2020coronavirusComment

Spring arrives with a shortage of inventory and an abundance of buyers

It's a rite of spring: waiting for new inventory to hit the market. But this year feels like none in my memory as a real estate agent, which stretches ten years. My list of buyers (almost exclusively second home buyers) is extensive, with a lot of overlap, while the supply of quality, second home inventory is woefully thin. Other agents are in the same position. This means that the most responsive and prepared buyers will walk away with the most desirable properties.