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Updated 10/12/2011 07:30 PM

Real estate market boom in Schoharie

By: Megan Cruz

The Mohawk Valley certainly saw its share of storm damage and flooding this summer. Now that's spilling over into the real estate market. Our Megan Cruz has more.

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SCHOHARIE, N.Y. -- Ruth Anne Wilkinson works for Century 21 in Schoharie. Her office and home were destroyed by Irene, so she's been working out of her car, pulling over constantly because her phone keeps ringing.

As quickly as for sale signs are popping up in the village, Wilkinson says she's being contacted by potential buyers.

"This gentleman wanted to get out quickly, so we priced it at $30,000 and it sold right away," Wilkinson said.

Wilkinson says that sale was a steal because usually that house would go for $125,000. That's because most houses have been gutted. Residents here say they're optimistic about people's interest despite the devastation.

"That's great! We welcome all the new people we can get," Mayor John Borst said.

"It's still a good community, still a historic place, still a growing place. It will ever be the same, but going forward, different can be better too," Richard Ball said.

The mayor, Ball and Wilkinson are part of a newly organized corporation called Schoharie Recovery. They say new people are a piece of what they're looking to accomplish.

"How do we make sure we have no net loss of population? How do we make sure we don't lose our businesses?" Ball asked.

The good thing they say is that a lot more people have decided to stay, but for those that don't, they say they're well on their way to bringing new people in.

"This is a unique spot and a unique village. You'll be happy when you get here," Wilkinson said.