Does This House Capture the Upstate Market?

A reader alerted us to this FSBO listing, a three-bed, 2.5-bath Cape on the river which was purchased for $500,000 in 2004 and is now on the market for $414,000. The owner has made a point of this fact, which leads us to believe that he or she is itching to unload it. It’s pretty far up in Columbia County, along a state road that is home to many estates–it has great views but you can’t safely walk along it. Pool, nice landscaping, all the good fancy country house stuff.  It’s a sign of how much the economy is hurting, that this place could easily be had for $100,000 less than it commanded less than 10 years ago.

About lisa

I'm a freelance writer (and thus, not a homeowner), specializing in real estate, urban planning and sustainability. Also, I just like looking at pictures of houses.

Posted on August 12, 2011, in $300000 to $499000, Columbia, Finances, Second Homes, Stuyvesant. Bookmark the permalink. 3 Comments.

  1. It probably captures the state of the national market. Looks like a nice enough house, and a river view is certainly a fine thing to have. But it’s still a 1970s house. If it were a real colonial (or cape, or whatever — meaning a 19th century house), it would be a steal for the price.

  2. Such a steal! I think it captures the market in general. But town-to-town the market is WILDY different. In Hudson, we really seem to be on an upswing. Maybe that has to do with several new businesses moving to town (etsy being the largest addition)? For example, my friend just sold her house for asking, before it went on the market. That sort of thing wasn’t happening a year ago.

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