12/03/08

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Inside the open houses: Woodstock not feeling the love

A contemporary home at 12 Wiedy Lane is priced at $599,000

From the August issue: The 1960s live on in Woodstock, where peace signs and psychedelic designs abound in the quaint downtown. But real estate in Woodstock, and in the other surrounding Catskills towns, is not exactly in a peaceful place at the moment. While the area is still dotted with New York City residents who own second homes -- or are in the market for them -- in many cases, sellers are dropping their prices, and buyers are bargain hunting. On a gray weekend last month, open houses in the mid-level price range bustled with traffic; one house on the market for $299,000 received an offer at the asking price the night before the showing.

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