New York City’s wealthy set is looking to a lesser-known section of the Hudson Valley for more acreage, more house, and more bang for the buck.
The Realtor.com® economic research team’s latest luxury markets report highlights a corridor of estate-driven communities across Dutchess County and Orange County in the metro of Kiryas Joel-Poughkeepsie-Newburgh, NY, where the top 10% of listings start at $1,295,000.
The share of listings priced $1 million or higher in this area west of the Hudson River is 14.3%. The area’s total count of such listings is up 6.7% from a year ago, the eighth-biggest increase in the nation…