Demand for Homes in Westchester Up 112%
Since the start of the COVID-19 pandemic, the suburbs around New York City have been experiencing enormous demand for homes of all prices.
In July, there was a 44 percent increase in home sales for the suburban counties surrounding the city when compared with the previous year, according to Miller Samuel Real Estate Appraisers & Consultants, with 112 percent in Westchester alone.
As reported by the NY Times,
“For now, many buyers in the suburbs are expressing concern about the health risks of living in densely packed urban neighborhoods. Facing pandemic restrictions, they want room that New York City often cannot provide: a yard for their children to play and an office to work remotely. Many want land, even if it means being farther away from Manhattan.
Mayor Bill de Blasio said this week that he had no doubt that New Yorkers who left during the pandemic would eventually return, though he appeared to be referring more to people who had temporarily moved elsewhere, including to second homes.
“If you don’t think New York City is coming back,” Mr. de Blasio said, “then you don’t know New York City.”
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