Down the Zillow Rabbit Hole: Real Estate Pricing in 2023
A look at 2023 in the Catskills & Hudson Valley markets: the priciest sales in each county, plus median home prices in each
Happy Monday, Subscribers! (Is there such a thing?)
Although it’s the beginning of yet another work week, here’s some bright spots: first, ICYMI, the Groundhog Punxsutawney Phil did not see his shadow last Friday, which is great news if you’re waiting for spring and don’t care that Groundhog Punxsutawney Phil is only correct 30% of the time. Second bright spot: the yearly edition of Down the Zillow Rabbit Hole: Real Estate Pricing, is here!
I don’t know about you, but I’m totally addicted to Zillow. I love new listings. And what I love even more is new listings that are completely and utterly, even grotesquely, out of my price range. I regularly scan for both in every county of the mid-Hudson Valley and the Catskills.
With that in mind, the Escape Team is sharing some digging we did on home sales with the biggest price tags of 2023 in both those regions. And for something more useful than the region’s priciest homes, we collected some other data, including medians, from each of those mid-Hudson Valley and Catskills counties – so you can know what to expect while shopping around.
The market is at a strange crossroads, and who knows what 2024 will bring – but these numbers seem like a good place to begin.
Happy home hunting to anyone who’s looking, and keep an eye on Escape Brooklyn Real Estate, plus our Instagram, for all our new listings. We have three this week! This is looking to be our busiest February ever, and though it’s hard to believe, the high seasons of spring and summer are just around the corner… no matter what Groundhog Punxsutawney Phil has to say about it.
Without further ado – enjoy.
-Erin, Founder & Creative Director, Escape Brooklyn & Escape LA
The Market: According to Zillow, Dutchess County home prices were up 4.1% compared to last year, selling for a median price of $427,842K. On average, homes in Dutchess County sell after 35 days on the market, compared to 58 days last year. There were 205 homes sold in November this year*, down from 238 last year.
Priciest Home Sale: Maplewood, a restored 19th-century country estate in Red Hook for $3.75m.†
Located just outside the village of Red Hook, Maplewood blends period craftsmanship with modern additions that we love like its designer wallpapers and Moroccan Zellige tiles. The five bedroom home includes a classic entry parlor, living room with a wood-burning fireplace, a family room with a wood stove, a spacious kitchen with top appliances, and an office.
Outside, eight acres encompass Maplewood’s spread with a pristine Amish-built barn, a 40x20 gunite pool surrounded by maple trees, and stunning stone-walled English gardens.