Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
PUTNAM POSTING: 2020 Brings New Things to Look Forward to
After a few weeks off, it’s good to be back sharing updates with Real Estate In-Depth readers, and a new year should be kicked off with some good news! Shops in Putnam are reporting a successful holiday season, and our 6th annual Shop Small Saturday Tour provided an opportunity to meet with many small business owners and discuss their needs. Continuing sales tax income growth will be a main focus of the Putnam County Business Council in 2020.
The new Putnam County Economic Development Team (EDC, Tourism, Planning Dept., IDA and the PCBC) is working together in ways not imagined in the past. We meet monthly to make sure we are all on the same page and to keep implementing all that has been discussed in the last decade to ensure the vitality of the business climate and economic development in Putnam County. For the first time in a long time, new businesses are looking at Putnam County as a place to come to and to expand.
In 2020, some new projects are teed up: The Comfort Inn (old Fox Ridge site) will open in January, while the Gleneida Distillery will be out of the paperwork stage and start construction in the spring. The Downtown Mahopac park and parking is on its way, which will hopefully include a facelift for the downtown area. The “Envision Brewster” development, with transit-oriented development similar to Beacon, is soon to begin. This will be a game changer for the eastern side of the county.
Long-term, much needed infrastructure is in the works, such as the Brewster-Danbury sewer line; as well as new/restructured sewer systems in Mahopac. Further, a rail line from Danbury to connect to Metro North in Southeast is an opportunity we need to capitalize on to bring more outsiders to visit our county.
Maybe it’s just the feel-good spirit of the Holidays, but there’s a sense that things are heating up, and its generating lots of hope for a happy New Year!