< back to all blog posts

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.

June 6, 2024

Ranch 68 SOLD

Had a pretty good vacation, and also did a lot of monetizing and movement while I was gone. We closed on Ranch 68, closed on Ranch 66 and went into contract on a resale that the owners of 8 years were kind enough to let me list and sell. That's about $2.2m of transaction value while on the beach in the Riviera, if anyone is counting.

This house, even though it wasn't the first to close was the first to go into contract as a result of a food truck open house I had about a year ago. Was it only a year ago I hadn't sold a house there?- wow, hadn't thought of that way. Anyway, this young Ukranian handsome couple who had their first child while we were building the home, was the first the sign up. I often joke - at least I think he knows it's a joke - that here is was acting like a rookie home/land buyer, with his foreign naivety going up against and aged and veteran Catskills deal maker, and by moving first and having a good eye ended up getting the best deal in the project - literally picked my pocket!!! And picked a winner of a piece of land when it was pretty hard to decipher what was going where, etc.... My no problem - early movers, the ones that take on a little extra risk, usually get rewarded with better pricing. Same thing happened to me in St Pete's, where I was one of the first 15 buyers in a new downtown condo and got about a $200k first mover, developer needs sales, discount.

So good for them. I'll do a quick aside - you know what they didn't have while navigating the duty and work and stress of a pregnancy - they didn't have build drama. Sure we had our issues and problems to work through, which we did and now they are moving in. Pretty much on time and pretty much on budget - 2 things you don't encounter much in this business - plus a really fun and creative and tasteful home that will meet their needs for a long time to come.

If you zoom in you can see the baby with a huge smile.

A 2400 sq ft 3 bedroom Ranch on 7+ acres. The acreage we are able to offer up there is unheard of in this market. With land itself going for $250k+ for questionable quality, what we are doing up there in terms of the whole package pricing is simply not touchable for most of my competition. That's why I took the leap and did the subdivision, even though I knew the risks of time and money it would entail.

Beautiful home. Lovely clients. Another notch in our 24 year track record belt of designing, building, selling homes and pairing them with best in class pieces of land.

A brain is a funny thing to waste on over-focusing on problems and their requisite solutions instead of the glory of the sale and all the relationships - I guess the issue is the 'win' is static and defined, while the problems are fluid and evolving.

< back to all blog posts