In New York City’s northern suburbs such as Orange County where home prices are considerably more competitive than Manhattan, Rockland and Westchester Counties in New York and New Jersey’s Bergen County, a noticeable uptick in sales activity has typically come with warmer temperatures. The historic Hudson Valley region, less than 60 miles from Manhattan, draws from the large pool of young couples and growing families who often begin looking to purchase their first home when the calendar turns to March.
“Many first-time homebuyers spend winter researching local housing markets and deciding what’s best for their family and lifestyle,” says David Hornblass, a principal with HornRock Properties, a developer active in the region with Highpointe at Woodbury Junction, a new single-family community in the Town of Monroe-Woodbury which is home to many young families. The neighborhood has had tremendous appeal to prospects looking to escape the hustle-and bustle of City living for the comfort, appeal and value of Orange County.
“It’s no secret New York City and its immediate suburbs are some of the most expensive in the country, prompting them to search real estate in areas such as Orange County which offers more affordable prices and easy access to Manhattan,” Mr. Hornblass continues. “Spring is the first opportunity for these prospects to get out and physically visit the region. When they see just how much home they can get for their money, their decision to purchase is made easier.”
This is a trend local real estate experts expect to be stronger than ever in 2015 as the number of Millennials – those under the age of 34 — entering the buying market grows significantly. Spurred by a stable economy, historically low interest rates and more favorable financing conditions, young adults and families are shedding high priced rentals for homeownership. A recently released report from the National Association of Realtors showed the Millennial generation represented the largest share of recent buyers at 32%.
“There’s strong demand from Millennials who are starting households of their own, which spells good news for local housing market,” Mr. Hornblass adds. “They are turning away from the expensive urban rental buildings with doorman services and amenities and are opting to purchase suburban homes that are within their budget and begin taking advantage of the opportunity to build equity, receive tax advantages and enjoy the pride of ownership.”
All this adds up to the confidence being expressed in affordable housing markets and the anticipated sales surge. New home builders are uniquely position to accommodate this movement by creating homes and neighborhoods that appeal specifically to younger adults. HornRock Properties’ Highpointe, for example, exemplifies the type of new home community these buyers seek with preferred Orange County locations on top of a ridge and upscale homes with state-of-the-art appliances and features.
“Today’s young homebuyer wants choices,” says Maurice Hornblass, another HornRock principal. “That’s exactly what new construction communities provide. We can offer a level of input into design and customization through selections and upgrades. In a newly-built home, buyers can receive all the latest and modern interior elements they desire. They’re also afforded the opportunity to select floorplan and homesite location.”
Highpointe boasts just 31 luxury single-family residences starting from the mid-$400,000s and offering 2,200 to 3,500 square feet of space.
Homes feature an open layout on the first floor, with one model offering a first-floor master-bedroom suite, all on property lots of 3/4 of an acre and larger. Many high-end features that are upgrades in other communities are standard in the homes at Highpointe. Upgrades for features such as custom faucets, lighting, bonus rooms, flooring and three-car garages are also available. Homes are available in five different designs and with three distinct architectural styles: Traditional, Farmhouse and Arts & Crafts.
Highpointe is located in the established Woodbury Junction in the Town of Monroe-Woodbury just minutes from Route 87. The Rise at Highpointe is within walking distance to award-winning schools and highways and public transportation via Metro-North trains are just minutes away. The town of Woodbury’s “Woodbury Rec” program provides swimming, boating, day camps, fishing, sports fields, roller hockey and other programs for children of all ages. Highpointe residents will also enjoy such future resort-inspired amenities as a swimming pool and clubhouse.
For more information on Highpointe, interested prospects can call (800) 689-3320 or visit http://www.HighPointeWoodbury.com. The sales office is open Monday, Thursday and Friday from 11:30 a.m. to 5 p.m. and Saturday and Sunday from 10 a.m. to 5 p.m. To visit, take the NYS Thruway North to Exit 16, after toll take the first exit on right (Woodbury Common). Go straight through traffic light onto Nininger Rd. Proceed 1/2 mile and make a right at the Woodbury Junction sign onto Dunderberg Road. Proceed to first light. Turn left and proceed 1/2 mile to the Highpointe Sales Center within the community.
About HornRock Properties
Led by brothers David and Maurice Hornblass, HornRock Properties is a rising development company that’s quickly gaining a strong foothold in the mid-Atlantic region. The Paramus, N.J.-based developer of residential and commercial properties is building a sterling reputation for signature properties that combine quality construction, dramatic homes and a personal approach to customer service. In addition to The Rise at Highpointe and Legacy of Mountain Lakes, HornRock Properties has launched an aggressive acquisition program to significantly expand its portfolio in the Northeast by acquiring real estate developments, with a focus on the New York/New Jersey urban and suburban markets.