Hoffmeister
Real Estate
A tough housing hunt for young people
A key point in the Adirondack housing shortage is that it’s disproportionately affecting young people, the result of which shows up in Adirondack Park demographics. Franklin County, for example, lost almost a quarter of its population under the age of 45 from 2000 to 2020. Just to the south, Hamilton County lost nearly half.
Another Whitney property up for sale
Hendrickson says he will not sell larger Whitney estate to state. John Hendrickson, the widower of socialite and philanthropist Marylou Whitney, is selling their former summer residence called “Camp on a Point” on Little Tupper Lake in Hamilton County. On 58 acres of land, the five-bedroom and four-bath home will be listed for $5.25 million and is separate from the 36,000-acre Whitney estate Hendrickson listed in 2020, which is still for sale.
Region’s housing problems revealed
Comprehensive study digs into roots of Adirondacks’ housing issues, offers solutions. The region’s housing market is negatively affecting more than 20,000 households in a four-county region. That’s according to a comprehensive new study that outlines the multiple barriers that stand between people and a place to call home.
Essex County communities see $1B spike in property values
New and existing home values increased 12% in 2022 in Essex and Hamilton counties. Perhaps illustrative of the parkwide housing costs, property values in Essex County — the eastern heart of the Adirondacks — total nearly $1 billion more today than a year ago. And while the number in itself has little practical bearing, it reinforces an emerging storyline of an Adirondack Park that is becoming more of an exclusive retreat for the wealthy, but also friendlier to an invigorated population able to enjoy an outdoor lifestyle while earning income sitting at their home computer.
Studying the housing problem
Consultants reveal initial findings to Adirondack communities. Multiple factors are contributing to the Adirondack housing crisis, but signs of trouble can conceivably be traced to the housing crash and subsequent financial meltdown in 2008, according to a new analysis by a Saratoga Springs economic development firm. Camoin Associates is studying...
How hot is the real estate market in Herkimer County? Home prices fall below $140K
The median sales price for a single-family home in Herkimer County during December was $139,900. That's a decrease of 8% compared with December 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com. December prices are down from $174,900 the previous month. A total of 63...
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