![]() ![]() “Three or four years ago it was probably closer to $250,000.” “Our average price is somewhere around $200,000,” said Eric Wedemeyer, president of Coldwell Banker Timberland Properties, which has several offices in Delaware County. Now weekenders willing to drive farther north and west to save money can find even better deals. Margaretville, Andes and Roxbury have become big second-home destinations in recent years, attracting people who want more land than they can afford closer to the city. Because Sullivan County is farther from New York City, its prices tend to be lower, though the county has more lakes than its neighbors, and waterfront properties can cost double or triple that $200,000 ideal.ĭelaware County, northwest of Sullivan and Ulster, is also on the more affordable end of the spectrum. Sullivan County, where both couples found their homes, tends to attract people who value acreage and affordability over the amenities offered in neighboring Ulster County’s better-known towns, like Woodstock, Stone Ridge and Saugerties. “We had expected prices to fall much more than they did, and maybe that’s why it took us longer to buy.” ![]() “The more we looked, the more flexible we were in our price range, but also the more we saw prices coming down,” Mr. Although it is new construction, fewer houses were built nearby than the developer originally planned, preserving the country feel, and the price had been reduced nearly 25 percent. “We needed a place that would feel like a country retreat but wasn’t too isolated.”Īfter a long search they closed in December on a four-bedroom house in Roscoe, N.Y., that had been on the market for more than two years. “I wanted a log cabin in the middle of the woods Marco’s mom wanted something that was newer construction,” Mr. ![]() Campello’s mother, they had trouble finding a house that would satisfy everyone’s priorities and tastes. The ease of researching homes and price trends on the Internet has also given shoppers a clear idea about what they expect to pay.Īntonio Maciel and Marco Campello also had time on their side when they began thinking about buying a place to escape their crowded Manhattan apartment in 2007. These shoppers are paying close attention to property taxes and heating costs, are not particularly interested in renovating and want a second home that is a manageable size. Some common themes emerge among people who have recently bought houses west of the Hudson River for less than $250,000. That has lured some city dwellers to take the plunge on a getaway home, even as economic worries, snowstorms and tighter lending standards provided a chilling backdrop for the real estate market this winter. “During the peak of the market the price expectation for that house was probably around $300,000, plus or minus $25,000.”Īlthough sellers have not all lowered their list prices to meet buyers’ expectations, brokers estimate that the price for the typical weekend retreat has dropped at least 20 percent since its peak in 2007. “That’s what I think of as the ‘little black dress’ of the second-home market,” said David Knudsen, an agent with Catskills Buyers Agency in Sullivan County. BUYERS looking for a country house in the Hudson Valley or the Catskills in New York State have settled on a more modest ideal: between $200,000 and $250,000 for a home on a few acres, with a picturesque town not too far away. ![]()
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