Westchester Real Estate Buying Trends 2015
- Millenials (described as those born between early 1980’s & mid 1990’s) will be the largest component of homebuyers in 2015.
- Millenials are trending as more interested in convenience of living (distance to work/highway/train/restaurants/shops) than living space.
- Buyers in 2014 have shown that they are willing to pay top dollar for new construction and/or renovated move-in quality. I see this as a continuing trend in 2015. Sellers need to be strategic with their agents in how to market and properly represent those homes that have not been renovated.
- With the economy on the rise, we are happy to see that the return of the 2nd home market. Buyers are looking towards buying a weekend home in the Northern Westchester communities of Armonk, Chappaqua, Bedford, Katonah & Pound Ridge for weekend relaxation.
According to Houlihan Lawrence’s President/CEO and Managing Principal, Stephen & Chris Meyers, they see the following Westchester County real estate selling trends for 2015: Continue reading “Armonk, Bedford, Chappaqua, Real Estate & more … Westchester Real Estate Buying Trends 2015”