Buyers are scoping out private islands and ranches in the middle of nowhere

Agents say they’re seeing a spike in interest for rural properties

TRD New York TRD WEEKEND EDITION /
Apr.April 25, 2020 09:00 AM
Remote real estate is what people want in the age of social distancing.

The Covid-19 pandemic has a lot of people thinking about buying properties that by their nature induce isolation, according to the Wall Street Journal. Agents across the country are receiving more inquiries than usual about rural properties.

“Suddenly it’s hip to be private, spacious and quiet,” said Connecticut-based Berkshire Hathaway agent John Downs, who said he noticed an uptick in calls about remote properties from people who live in urban areas.

The people who already own isolated properties — whether that’s a beach house in Fiji or a spread in rural Wyoming — are thanking their past selves for making the move to a more solitary life. For them, things haven’t changed much since the coronavirus pandemic swept across the globe.

For those who are looking to return to a more social life, it’s not a bad time to sell. Wyoming resident Holland Dutton listed her 18-acre property last August. Her agent, Tate Jarry of Live Water Properties, said that downloads of brochures for her property and others like it are up 20 percent in recent weeks.

But Jarry said he doesn’t know whether the spike in interest will be just that — a trend that will pass once life in urban areas begin to return to normal.

“We’ve had a spike in interest because everybody’s quarantined at home—they’re dreaming from their couches,” he said. “Will that translate into a sale? I don’t know.” [WSJ] – Dennis Lynch 


Related Articles

arrow_forward_ios
An aerial view of a pop-up drive-in theater built in the parking lot at the Broadway Commons in Hicksville, New York (Getty)

Covid pummeled shopping centers, but their parking lots are thriving

Covid pummeled shopping centers, but their parking lots are thriving
The number of mortgage borrowers in Covid-19 forbearance plans ticked down again this week. (iStock)

3M homeowners remain in forbearance

3M homeowners remain in forbearance
Mayor Bill de Blasio and the Lucerne Hotel at  201 West 79th Street (Getty; iStock; Google Maps)

Lawsuit blasts NYC’s “capricious” Covid-19 homeless response

Lawsuit blasts NYC’s “capricious” Covid-19 homeless response
Gap CEO Sonia Syngal (Getty)

Gap Inc. will close 350 stores and exit malls entirely

Gap Inc. will close 350 stores and exit malls entirely
(iStock)

Dead weight: A breakdown of NYC’s rental listing glut

Dead weight: A breakdown of NYC’s rental listing glut
The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock)

Rent collections in market-rate apartments stagnate in October

Rent collections in market-rate apartments stagnate in October
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
SL Green CEO Marc Holiday and 420 Lexington Avenue with Scabby the Rat (Getty; Google; SL Green)

Peace prevails: SL Green, Local 79 settle dispute over protests

Peace prevails: SL Green, Local 79 settle dispute over protests
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...