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Catskills - Sullivan County - Ulster County Real Estate -- Catskill Farms Journal

Old School Real estate blog in the Catskills. Journeys, trial, tribulations, observations and projects of Catskill Farms Founder Chuck Petersheim. Since 2002, Catskill Farms has designed, built, and sold over 250 homes in the Hills, investing over $100m and introducing thousands to the areas we serve. Farms, Barns, Moderns, Cottages and Minis - a design portfolio which has something for everyone.

September 3, 2024

Cottage 45 ReSale

Cottage 45, with the post-sale addition of an artists studio and a lot of good looking landscaping, is being resold after who knows how many years of graceful living - is it 10? Hard to say without digging deep into the archives. But it's been awhile. Asking $650+/-, we sold it for low $300's. It's on an amazing piece of land that fronts a large creek/stream. On 12 acres. It's such a snapshot of how hard we used to work for how little money, perfecting our craft, making a living. And then wham, pandemic fueled NYC migration to the Catskills, and we were able to monetize it, since we had the team and the engine all tuned up.

I forgot how busy we actually got, since it's been 4 years and it's hard to remember that it hasn't always been this way. Well, in some ways it has, since even though we were building less, our team was capable of less. Now our team is capable of more, and we are building more. And soon, we will be building less, but our team is capable of more, which will present some difficult man-power decisions.

I hope they get their price. Looking at what's available in Barryville for between $450k - $650k, and this house is definitely the most attractive of the lot. When we started building cottages in 2006, the idea was to provide a lower cost option of getaways without sacrificing land quality or build quality. Only way to do that is a smaller home, and some counterintuitive market ideas that there was a market for 2 bedroom homes. Ideas that formulated by talking with my perspective clients, and hearing what they were saying, many times they were unaware of market insights they were giving me. Talk to enough people, put in the time, ears perked and listening and before you know it, you have information others don't.

These long-held homes that hit the market gives me a lot of nostalgia for the journey of Catskill Farms. One thing that has been true, among many, is my uncompromising ability to find good land for good homes.

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