Yes, things still look pretty bleak out there. We’ve got a highly contagious and sometimes deadly virus skulking around and it’s probably not going away any time soon. At the same time, there are riots spreading across multiple cities that, at least at times, look suspiciously like what could be interpreted as a race war. The jury is still out on the Murder Hornets, but at this rate, nobody is going to be shocked if they show up next week. But not everything is gloom and doom, citizens. There’s one group of people who are looking on the bright side and seeing their prospects improving. Those would be the owners of property in the suburbs who have been struggling to sell their homes, sometimes for years on end. But now, as terrified city-dwellers look to flee New York City and other urban centers, houses are coming off the market at an impressive clip. (NY Post)
They were the castoffs of local real estate — until coronavirus came to call.
Some houses in suburban towns and rural areas outside of New York City sat on the market for years.
But then the pandemic spurred cooped-up urbanites to run for the hills and sparked an uptick in property sales within a few-hour radius of Manhattan…
“Before the pandemic, everyone would say, ‘Hey, if I’m buying a million-dollar house, I want a new kitchen and renovated bathrooms,” says listing broker Bill Melnick of Elyse Harney Real Estate. “But now if the toilet flushes and they can move in quickly, they’re here!”
The Post features interviews with a couple of happy sellers in Connecticut. One family had been waiting for three years to find a buyer while another had put their house on the market five years ago. In March they both sold for close to the original asking price. One realtor said that the majority of “showings” were being done online these days. But in those Connecticut suburbs, the deals were still being closed, with many people purchasing homes they’d never set foot in.