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dutchess homes for sale: Dutchess County Real Estate Market Report - April 2009 - 05/30/09 03:43 PM

When compared to last month, sales are  still trending upward. Offers at the begining of the month were 138 this was a 20% increase over last year but keep in mind not all of these will turn into closed sales. About a quarter of the sales were short sales or REOs in the single family detached home sector. The number of months it will take to get rid of the inventory is getting better but still much work to be done. Great news for First Time Buyers according to HUD info you could possible get the $8000 prior to filing a tax … (11 comments)

dutchess homes for sale: Dutchess County Market Report August 2008 - 09/10/08 11:10 PM
Dutchess County real estate market report continue to show a decrease in most categories when compared to same time last year. August 2007 the median sale price was $350,000, this August it is $317,000.  It was good to see a decrease in Days on Market which is an indicator that some properties are selling faster.
A question that I have been asked many times is: Since fall is approaching is this a good time to put my house on the market?  I would say it is a great time. This is the time when the children are back in school and parents … (7 comments)

dutchess homes for sale: Dutchess County Real Estate Market Report For April 2008 - 05/11/08 08:19 PM
I found April's report very interesting.  Both median and average selling prices for single family detached homes took a big dip. The average price in April 2007 was $398,339 and for April 2008 it was $345,223 a drop of $53,116.  When compared to March 2008 the drop was $29,004. One can see a corelation in the drop in price and the increase in  sales- 46 more sales were closed in April over March.  There was also a drop in the median price; for April 2007 the median price was $345,000, for this April it was $310,000, a decrease of $35,000.  The drop from just … (11 comments)

dutchess homes for sale: Dutchess County Market Report October 2007 - 11/21/07 08:07 PM
 
Based on the numbers released for the real estate market in Dutchess County NY the absorption rate for the month of October stands at 15.2 months for single family detached properties.  What this is telling you is that it would take 15.2 months to get rid of the present inventory.  This is computed by taking the listings available at the begining of the month, 2223, and dividing it by the sales for the month, 146.  This is clearly showing the inventory level is very high. What will that mean for homeowners with property on the market? It might be necessary to revisit … (5 comments)

 
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Jennifer Fivelsdal Rhinebeck Real Estate (Serving Dutchess| Columbia|Ulster Ctys

Rhinebeck, NY

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LIC. R.E. Broker JFIVE Home Realty LLC

Address: 162 Deer Run Road, Red Hook, NY, 12571

Office Phone: (845) 758-6842

Cell Phone: (845) 594-9947

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This will be a source of information on the Mid-Hudson Valley and real estate related topics. Please call me at 845-758-6842 or visit http://www.jfivehomes.com


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