Catskill NY - A Town With Opportunity
Posted by Amy Wallace on Wednesday, April 4th, 2018 at 3:40pm
An Up-and-Coming Town In The Hudson Valley May Be Your Best Chance To Invest Wisely or Score a Great Getaway
When was the last time you visited Catskill? If you haven’t been there in a while perhaps you missed the memo; the Village of Catskill is where it's at right now! It’s buzzing. Walk down the wide, well-maintained sidewalks in the middle of a workday and you’ll meet neighbors, business people taking a quick coffee break, people out getting important errands done, and the odd tourist shopping the galleries and home goods stores.
There was a time when Catskill’s business district, with its wide welcoming Main Street and beautiful architecture was peppered with some empty storefronts. Those days are decidedly in the past. Catskill’s Main Street has some of the most charming, well preserved village architecture in the Hudson Valley and shops like Magpie Bookshop, Mahalo and The Rodney Shop, galleries like the Greene County Council on the Arts Gallery, and restaurants like The New York Restaurant are giving locals and tourists alike a really good excuse to come admire it. Another reason for Catskill’s recent rise in popularity is that it’s quite easy to get to. Catskill is particularly well-located for those who want to commute elsewhere in the Hudson Valley and for second home owners who might be coming from New York City or Westchester. It has many merits of its own, but the fact that it has easy access to Hudson, Hunter and Windham Mountains, The Hudson and the New York State Thruway is a bonus.
- Catskill Real Estate Report -
The Real Estate Market is reflecting Catskill’s up-and-coming status. Year to date*, the median sales price of residential home is up 54% from $85,000 in 2017 to $131,500 in 2018. Sales of homes are happening with increasing speed as well. The average days on market have decreased 57% year over year, from 335 in 2017 to just 144 in 2018. When desirable properties come on the market in Catskill they get snapped right up.
As an example, this charming home with a unique cozy cottage feel, three bedrooms, two baths, and a detached studio is right in the Village. Within three days of the sign being tapped into the front lawn it generated such interest, that the sellers had multiple offers to purchase to choose from.
Now is the time to get into Catskill. There are a lot of opportunities out there.
- 810 Route 23B, Catskill -
If you’re an entrepreneur who’s thinking of jumping into the boutique motel space and have been looking for the spot that will compel you to take the leap, take a look at this. This Hudson Valley gem is the perfect location for your new business. 810 RT 23B in Catskill is just outside the Village, ten minutes to Hudson and Amtrak, thirty minutes to Albany or Kingston, and under two hours out of the city. Twenty-seven immaculate and adorable log cabins and a beautifully maintained fourteen-unit motel with a mid-century style office sit on a beautiful parcel of over nineteen acres of land. This could easily be the next “it” destination for people escaping the city. Included is a six-bedroom house, three pole barns, and an additional detached building with a garage that has a one bedroom apartment above.
The landscaped property has been very well maintained and includes two in-ground pools, nature walking trails, a natural stone BBQ area, playground, gazebo, and a cascading waterfall fountain. If you think outside the box there are many other plausible uses for this property. How about an artists' community, camp, a family compound, resort time-shares, residential housing, or a boutique shopping center?
- 1457 Route 23B, Catskill -
If instead you’re looking for a place to call home, a place to make all yours, here’s a great house to consider; 1457 Route 23B in Catskill. This raised ranch has a lot more space than its deceptive façade reveals. Two thousand twenty-four square feet, with three bedrooms, two bathrooms and nearly half an acre. While some of the spaces could use some small cosmetic renovations and personal touches, this house has a lot of heart and some real perks. Enjoy your summer on the huge wrap-around deck as you sit poolside – the pool is already fenced and surrounded by very nice decking that has enough space for the chaise lounges of all your friends! A new well and furnace have already been installed to keep you worry-free. There’s a wood burning fireplace – a staple for the country life, and the ground-floor family room and private bath were recently renovated.
If you haven’t been to Catskill lately take a country drive this afternoon, have a great lunch, do a little shopping, be wowed by some local artwork. As you drive back home, you’ll likely find yourself seriously considering investing there. Smart.
*Statistics from The Columbia Greene Northern Dutchess MLS YTD March 27, 2018.
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The data relating to real estate for sale on this web site comes in part from the IDX Program of the GCMLS. Real estate listings held by brokerage firms other than [INSERT BROKER NAME] are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. © 2024 GCMLS. All rights reserved.
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