What’s Going On?
Home Price Dropped 17% for this 1,446 sq ft Garrison, NY, Property
Despite the fact that inventory is dramatically down overall from two years ago, some properties are now finding it necessary to reduce prices over the last 12 months. One particular listing had to reduce its price by over 16% in less than a year.
Garrison is a hamlet in Putnam County, New York. It is part of the town of Philipstown, on the east side of the Hudson River, across from the United States Military Academy at West Point. The Garrison Metro-North Railroad station serves the town.
Price history
Date Event Price
1/31/2023 Listed for sale $625,000 (-8.8%) $432/sqft
12/1/2022 Listing removed $685,000 $474/sqft
9/27/2022 Price change $685,000 (-2.1%) $474/sqft
5/11/2022 Price change $700,000 (-6.7%) $484/sqft
3/28/2022 Listed for sale $750,000 (+10.3%) $519
Prominent People of Garrison
Jim Hall, jazz musician, composer, and arranger lived in Garrison
Patty Hearst, newspaper heiress and convicted bank robber, lives in Garrison
Don McLean, singer-songwriter and guitarist
George Pataki, former New York State Governor, lives in Garrison
John Pielmeier, playwright, screenwriter and novelist lives in Garrison with his wife, writer Irene O’Garden.
Edwards Pierrepont, prominent attorney, jurist, and orator. Built 1867 Hurst-Pierrepont Estate in Garrison
Andrew C. Revkin, New York Times environmental writer, lives in Garrison
Duncan Sheik, songwriter, movie score contributor and Broadway composer, lives in Garrison
Julie Taymor, theater, film and opera director, lives in Garrison
Juan Montoya, architect and interior designer, lives in Garrison
Rents Rising
These are difficult times when it comes to pricing a property that is both attractive to buyers and to sellers at the same time. One of the telltale signs that the buyers may be holding off is the rise in rents.
Manhattan rents hit an all-time high in January. Median rents in Manhattan hit a record in January, fueled by a strong job market and a tight supply of apartments. The median rent rose 15% to $4,097 from the year-earlier month — the highest ever in January, according to a report from Douglas Elliman. The average rent in Manhattan was $5,142, up 13% over January 2022.