Brokers in the Hudson Valley town see ‘Chelsea bump,’
with more higher-end properties sparking interest
From the September issue: Chelsea Clinton’s near-royal wedding put a spotlight on the sleepy Hudson Valley town of Rhinebeck, as reporters from all over the globe descended on the village this summer, interviewing everyone from coffee shop owners to neighbors.
But the first daughter’s wedding to Marc Mezvinsky appears to be giving Rhinebeck’s real estate market a welcome jolt even now, long after the television crews have packed up.
Brokers there say the nuptials have drummed up new interest in the slouching high-end market, which could translate into a boost in housing prices this fall and beyond.
The “Chelsea bump” (as Jeff Ackerly, an associate broker with Prudential’s Rhinebeck office, calls it) comes after a long real estate slog. [more]