That trend may be the result of higher prices for the larger estates further from the center of town, but it also mirrors home-buyer demand in neighborhoods close to shops, restaurants, and public transit.
“There’s too much product that’s anchored to pre-financial-crisis pricing levels, and Wall Street’s not doing what it was back in 2007,” said Miller. “Beyond that, you’re seeing the same thing as in lesser-priced markets, where people want to live close to the train station.”
Walkability. It matters in horse country, too.
This article was provided by Bloomberg News.