Home Business Mahopac, N.Y.: A ‘Bedroom Community’ With an Elegant Past

Mahopac, N.Y.: A ‘Bedroom Community’ With an Elegant Past

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The reopening of the economy following the pandemic lockdown has sparked a rise in market activity. “We’re seeing an uptick in properties being listed,” said Geraldine Finan, an agent with Houlihan Lawrence. “And we’re seeing multiple offers and bidding wars. Even some of the higher-end homes that had been sitting for a while are seeing movement.”

Many buyers are coming from New York City, seeking open space and room to work remotely. “The stay-at-home order has forced folks to start looking at other options outside of apartment living,” Ms. Daly said.

Data provided by the Hudson Gateway Multiple Listing Service indicated that as of June 18, there were 101 single-family homes on the market, from a three-bedroom, 1,808-square-foot gutted colonial, built in 1900 on 0.28 acres and listed for $100,000, to a five-bedroom, 6,973-square-foot lakefront contemporary house, built in 1983 on 1.3 acres and listed for $3.5 million. There were two multifamily homes on the market: a 1,575-square-foot, three-unit property for $450,000 and a 2,017-square-foot, three-unit property for $525,000. Four condominiums were for sale, from a 1,080-square-foot two-bedroom for $219,000 to an 1,800-square-foot two-bedroom for $369,900. There were no cooperatives for sale.

The median sales price for a single-family home during the 12-month period ending June 18 was $410,000, up from $386,000 during the previous 12 months. For multifamily homes, the median was $335,000, up from $293,500 during the previous 12 months; for condos, the median was $318,000, up from $260,000 in the previous 12 months. There were no cooperative apartment sales during the 12-month period ending June 18; during the prior 12 months, the median was $120,000.

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