Hudson Valley story of the year: Real estate

Written by Tracy Ziemer

December 27, 2021

This year is mirroring 2020 in more ways than just the everlasting pandemic. Real estate continued to be the topic du jour in the Hudson Valley, driving local conversation, legislation, and sport (SNL’s hilarious sketch on Zillow porn in February perhaps hit a little too close to home).

In 2021, the pandemic-fueled home-buying frenzy that started in 2020 only accelerated. Rising home prices and record-low inventory created an even tighter market, squeezing many wannabe-buyers out of contention and sparking affordable housing concerns across the region. The average sale price of a single-family home in Kingston jumped by almost $100,000 in a single year, from $216,000 in 2020 to $312,000 in 2021, for example.

Diddy sells his Toluca Lake mansion for $6.5 million

Diddy sells his Toluca Lake mansion for $6.5 million

Sean Combs, the rapper better known as Diddy, has hauled in $6.51 million for his traditional-style mansion in Toluca Lake. It’s the neighborhood’s priciest sale in months.Records show the Grammy-winning artist paid $5.25 million for the property...

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