The New York Times recently ran an article that may give many Nyack, NY real estate shoppers set on buying Hudson river real estate a little food for thought: The homes in the area are historic, don’t come to the market often, and come with a price tag to match their lure and significance to the state’s early formation.

In her article “On the Water, Away From the Tracks,”   Times writer Bethany Lyttle examines the real estate market for homes along the Hudson river and the Hudson river valley area, taking a close look at the smaller family homes of some of the long-time residents in the area and the opportunities for snatching one up.

From “time to time there’s a find: a modest home or cottage on a riverfront lot that has remained in a family for decades and is finally up for sale,” she writes.  She interviews a local realtor who grew up in the area, who says that, contrary to popular belief, not all homes along the river are expansive mansions.  Many are smaller homes that are more affordable if the timing is right.

“People think of the grand estates, but around here, there was a time when it wasn’t unusual for people without means to own houses on the river,” said JoAnne Adamo-Conway, an agent with Century 21 Heart Land Realty for 13 years.  She says in the article that in 2008, a home in New Baltimore sold for just $260.00.

Of course, 2008 marks a low for real estate prices in the area and across the country, so take that into consideration.  And, again she points out that, while there may be bargains out there for the patient and persistent shopper, these homes are tough to land.

“Since modest houses like these are passed down from generation to generation, turnover is rare,” says Lytle.  “But this doesn’t stop insistent prospective buyers from calling.”

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