Suburban Jungle on the River Towns Bidding Wars
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The River Towns have always been popular among New York City families heading to the ‘burbs. But, more recently, it’s been all-out River Towns bidding wars for any and every house that hits the market. From The Real Deal:
“This summer, a nondescript, 1,268-square-foot, three-bedroom house in Tarrytown received 17 offers before closing for $620,000 — $70,000 above the asking price.
A five-bedroom home in Hastings-on-Hudson in September had five offers in 18 days. It sold for $1.4 million, $150,000 over the asking price.
In December, a “Sears Roebuck” house in Irvington got nine offers and went for $892,500, a $70,000 bump over the asking price. That was after just 22 days on the market.”
So what’s going on with the River Towns bidding wars? And, more importantly, what do YOU need to know if you’re considering this area?
Click here to read the full article, including insights from Suburban Jungle founder and president Ali Bernstein.
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