Houlihan Lawrence recently shared their latest trend report. It focused on what buyers are looking for in their next home during this ever changing – quickly changing market. It offers valuable information on buyer and renter search activity relevant to the COVID-19 crisis. We are seeing buyers search for homes with property and lifestyle amenities such as pools, paddocks and gardens.
NYC buyers are now approaching their eighth week of working from home in their too-small apartments are searching for homes north of NYC with an increasing preference for more space and outdoor amenities. Based on a review of online search terms conducted by Houlihan Lawrence for the month of April, the first full month impacted by the COVID-19 health crisis, buyers are searching for distinctive amenities like “fenced yard”, “pools” and “garden” to more luxury-driven amenities such as “tennis courts” and “paddocks”.
NYC buyer inquiries are increasing as the duration of the pandemic becomes longer than originally projected. Additionally, with more people required to work from home has allowed buyers to expand their search to locations that have longer commute times and offer larger parcels of land – both appealing choices as buyers’ priorities and preferences shift. The current crisis has been defined by the rapidity and speed and abruptness of change. The trends evolving in real estate this quickly is rare and buyer needs and wants are changing at a similar pace.
Here in Northern Westchester, we have more space, beautiful homes, and views with the lifestyle amenities that buyers are looking for now. Come take look at some of my listings that fit this bill and picture yourself here.
10 Hallock Place, Armonk – 4 Bedrooms – 5.1 Bathrooms – 4,835 Square Feet $1,895,000
This home is truly special. It’s a one-of-a-kind stone and stucco masterpiece that offers complete privacy on 2.6 acres in premier Thomas Wright Estates. One level living with high ceilings, exceptional millwork, limestone floors and unparalleled construction. French doors extend to an outdoor living space where the infinity pool rivals any top hotel with awning, built in bbq, terrace and spa. The open layout and one level living offers an easy lifestyle that works for both entertaining and casual living. Full, unfinished walk out lower level for future gym, movie theater and more. The vibrant town of Armonk is convenient to Greenwich, White Plains and Bedford. Easily reached by I-684, the Westchester airport is close by and international airports within an hour’s drive.
8 Peppercorn Place, Bedford, NY – 4 Bedrooms – 3.1 Bathrooms – 3,559 Square Feet $1,095,000
We looked to data in the past to help us navigate changing markets. In past crises, such as 9/11 and during the financial crisis of 2008, we were uniquely poised to help guide our clients through the uncertainty with data-based insights. As we navigate this health crisis, we once again will use our proprietary data to help understand the changes in consumer attitudes and intentions.
11 Evergreen Row, Armonk NY– 3 Bedrooms – 3 Bathrooms – 2,964 Square Feet $950,000
This home is move in ready! Renovated interior, exterior wood shingles and deck. A Split Level home with open modern layout, on sought after Evergreen Row close to the Windmill Club for swimming, boating, tennis and community recreation. Membership eligibility certificate (MEC) for the Windmill Club included with the sale.
27 Maryland Avenue, Armonk,NY – 4 Bedrooms – 2 Bathrooms – 1,789 Square Feet
Amazing opportunity in Armonk with low taxes, natural gas, generator & pool on a neighborhood street. The large in-ground pool has child proof fencing & outdoor entertaining space. Stand by generator for whole house is fueled by natural gas & the wood burning stove provides efficient heat in winter. Great place for taking long, safe & scenic walks & bicycle rides. This 4 bedroom home has open layout, 2 car garage, pool, & 1 flat acre. The location is convenient to town, central to all schools within Byram Hills SD, Rt 684 and just 12 min from train at N White Plains Metro North. The 1st level has a bright Kitchen, huge Dining Rm/Family Rm w/high ceilings & fireplace, and Living Rm w/wood burning Franklin Stove. The laundry rm is a few steps down from the Kitchen with access to the garage and pool. Upstairs are 3 bedrooms & 1 full bath w/ walk up attic. Downstairs has 1 more bedroom, bath & walkout playroom. Swim and enjoy this summer!
Contact me if you would like to discuss further. Wishing you health and safety.