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Upstate Hudson Valley sees sudden surge in home buyers, renters.

Friday, May 8, 2020   /   by Vanessa Saunders

Upstate Hudson Valley sees sudden surge in home buyers, renters.

This home on River Road in Piermont, NY rented for $10,000 a month during the Coronavirus outbreak. New York City dwellers are looking for ways to escape city living for life in the suburbs.

May 8, 2020


From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.


As the nightly news drones on about down markets and the Coronavirus, we're seeing more and more buyers and renters looking for escape to a house, a fresh-mowed lawn and a two car garage in the Hudson Valley. New York City residents are opting for a split-level home on a cul-de-sac after decades of apartment living. A wave of city-dwellers is currently hitting the inner and outer suburbs of NYC, looking to leave the city lights for greener pastures.


So why are New Yorkers choosing to abandon city life? The short answer is, they believe that the old ways of city life - strolling in parks, grabbing drinks at bars and living close together - may be gone after Corona. They believe social distancing such as one-person-at-a-time elevator rides to get home and looping routes to avoid passers-by on city streets has fundamentally changed New York City.


This isn't the first time City residents have fled to the country. After 9-11, they were looking for short term stays in weekend houses. But this time, they are looking for something more permanent in the suburbs.


For some, moving out was already on the back-burner. But Covid-19 seems to have pushed up plans for many. FlatRate Moving reported in the New York Times that their records show a 74% increase over last year in moves from NYC to Connecticut between March 15 and April 28. Moves over the same time period were up 38 percent to New Jersey and 48% to Long Island.


New Yorkers have also caused significant spikes in rental markets up and down the Hudson Valley. Iffy NYC school openings next fall, and the sudden affordability of larger spaces make upstate living an attractive option for many.


Global Property Systems has seen a definite uptick in activity, despite the Governor’s shut-down of “non-essential” businesses. And the prices people are willing to pay makes it obvious that they are eager to get out of the Boroughs. In April, we rented a river-view contemporary home on River Road in Piermont. What was one of last year’s languishing luxury-market properties re-listed as a rental and quickly found a tenant willing to pay $10,000 a month.


Not all clouds have silver linings, but in a way, Corona has been a boon to parts of the Hudson Valley real estate market. We could actually use more homes to sell or rent.


If you'd like to contact us about selling or renting your property, CLICK HERE.


  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home sellers, executive homes, pandemic, health crisis

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.