This past year, in upstate New York, city dwellers swarmed small towns and villages, turning a competitive housing market into pandemonium: real-estate lust spiked by panic. kvelsey talked to brokers in three of the wildest upstate markets
Photo-Illustration: Curbed; Photo: dbimages/Alamy Stock Photo In the past year, the real-estate market has — well, gone berserk. Houses are going for millions over asking in Boise and Albuquerque. Buyers are offering to name their firstborn baby after sellers. In this new series, Realtor Diaries, we talk to the people at the center of it all — about the 2 a.m.
R.K.: They don’t hate the house, they hate the Hudson Valley. They always had this fantasy about what living in the Hudson Valley would be like, but once they got there, it was cold, not a fantasy anymore, and they wanted to go home. R.K.: More than 80 percent of our clients are between 25 and 40. More than half of them had started moving up full-time before the pandemic. It just went crazy during the pandemic, but the shift had started before. I think the prices are going to continue to go up.
R.K.: Steven Holl is probably the best living architect in the U.S., No. 3 or 4 in the world. One of his masterpieces built in 1998, the Y house, built for an Austrian family that sought him out, they own one of the largest private museums in Europe. They own this house in Middleburg, and decided to sell. Middleburg is kind of a needle in a haystack, further from the city, not the most developed.
COVID kind of pushed window shoppers out of the market. You just stopped being allowed in any house until you had bank preapproval of funds. It was important both to reduce the flow of people during the pandemic, and because houses were flying off the shelves the same day. If you weren’t ready, there was no point for you to be there.
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