I guess you could say “it took a Pandemic” but whatever the reason is, people are re-evaluating their lives and making life-changing decisions about how and where they want to live and where they want to work!
Our luxury market was impacted after the 2008 banking crisis and started to come back in 2018-2019.
Then the pandemic happened and we were on lockdown for about four months. When the lockdown was lifted last summer, it was amazing how many inquiries we received, especially from urban areas within an hour away from our primary market territory in Bergen County.
The common requests were:
* More Land and Larger Homes
—Clients were cooped up for too long in apartment living
* The Need for One or Two Home Offices
—People were enjoying the flexibility and ease of working from home
* Recreational Space: Especially Pools and Gym Space
—Clients were hesitant to join clubs and wanted more private space
Whereas years ago we couldn’t compete with accessibility to delivery options the way, Manhattan, for example, could, now pretty much anything needed in the burbs can be delivered right away, just like in the city. And the best part is that when you have to get to the city, whether for work or play, the burbs are built around cities so they are a stone’s throw away!
We just recently hopped in the car for a late lunch at The Odeon with family and were home in time to feed our two little Yorkies their scheduled dinner.
So, I think the burbs are the best of all worlds!
What do you think?