red hook homes for sale: Red Hook Real Estate Market Report August 2011 - 09/14/11 10:06 PM
During August 2011 in Red Hook NY 6 homes sold which is 2 more than in August 2010. Here is the price range of the homes sold: $247,000-$875,000 with the largest home coming in at over 5000 square feet.
Looking back over last August's report, I asked the question: What does the end of summer mean to you? I found that the tips for sellers are still relevant today.
With 4 homes having offers in August, plus other offers from previous months outstanding, the market is on track to have as many or more sales in September as in August
The average price for the … (6 comments)
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red hook homes for sale: Red Hook New York Real Estate Market Report for May 2011 - 06/09/11 11:06 PM
In Red Hook, during the month of May, 1 single family home sold; and unlike last month the average sale price was above $200,000. So, how did this May compare to last May? The market last year was stronger; there were 4 sales ranging from $217,000-430,000.
The tip I gave back then is still relevant so I will repeat it. If you are thinking of selling your home make sure it is priced right from the start. In this buyer's market this is the single most important factor that could lead to a successful transaction.
Single Family detached inventory for Red Hook … (5 comments)
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red hook homes for sale: Red Hook New York Real Estate Market Report for April 2011 - 05/10/11 11:45 PM
In Red Hook, during the month of April, 4 single family homes sold ranging from $95,000-195,000. Yes, none of the sales were above $200,000 and two of the properties were bank owned. When compared to the April 2010 market report it seems the market was better then with 6 sales ranging from $163,000 to $459,000.
During the month there were no sales in the village although 2 new properties came on the market.
Also worth noting, 2 million dollar properties were added to the inventory and that is why the average list price was $596,483. The highest list price for the … (5 comments)
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red hook homes for sale: Red Hook New York Real Estate Market Report for March 2011 - 04/09/11 10:25 PM
In Red Hook during the month of March only 3 single family homes sold. One of the homes was located on the only golf course community in Red Hook, The Fairways.
During the month 14 new properties came on the market ranging from $195,000-$1,800,000. Only 3 properties had offers and none in contract which is an indication that sales next month might not be better than this month unless there are some quick cash sales.
In the mobile home community there was 1 sale for $50,000.
If you are looking to buy a Red Hook home there are over 100 homes on … (5 comments)
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red hook homes for sale: Red Hook New York Real Estate Market Report for February 2011 - 03/07/11 11:52 PM
During February only 1 single family home sold in Red Hook, 1 less than in January; but how did this February compare to last year?
In the market report for February 2010 I mentioned I was frequently asked about the market condition, this has not changed and I am always delighted to provide the information. There were 4 properties sold in Red Hook in February 2010, and 3 of them were bank owned properties. The average sale price then was $182,125 The tax credit was also still in effect. When looking at how the market is doing you also need to take into consideration … (5 comments)
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red hook homes for sale: Red Hook Real Estate Market Report - June 2009 - 07/10/09 10:42 PM
According to a recent New York Times article the Hudson Valley is once again the place for some from New York City to buy their first home. The buyers are purchasing homes under $400,000. Reviewing the Red Hook real estate market report I noticed there were over 40 properties in the price range below $400,000, so to all you potential buyers Red Hook would be a perfect destination.
Last month I gave sellers some advice as to how to gain a competitive edge, it really comes down to pricing.
Don't price your property out of the market Pay … (13 comments)
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red hook homes for sale: Red Hook Real Estate Market Report - April 2009 - 05/13/09 06:57 PM
During the month of April the Town of Red Hook and The villages of Red Hook and Tivoli had combined sales of 5 of which 2 were bank owned properties.
The sale price ranged from $142,500 -272,500 which is similar to the rest of the county in the sense that most of the sales are in the lower end of the market.
So, what can sellers do to to gain a competitive edge?
Make sure that your property is priced right Take care of any issues that could be troublesome to buyers i.e. underground oil tank. Provide access; there are still too many … (14 comments)
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red hook homes for sale: Red Hook NY Real Estate Market Report for March 2009 - 04/04/09 03:42 PM
In the month of March in Red Hook the number of active listings under $400,000 numbered 34, of which 12 had price reductions. Within the $400,000 to $999,000 range there were 18 available listings and 8 of those had price reductions. Above $1,000,000 there were 4 listings with one price reduction. The average price in the active category was $508,964.00 and this was only because of the 4 listings over $1,000,000.
Of the 4 sales, 3 were in the $200,000 range and this pattern is also noticeable in other towns; here is where most action is being seen.
I can also see an … (6 comments)
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red hook homes for sale: Red Hook Real Estate Market Report - August 2008 - 09/06/08 08:27 PM
There are about 86 homes available between the town and village of Red Hook. For the month of August only 6 properties closed. I hardly think I need to say that the inventory is high and some of these will not be sold this year.
What can a seller do to have a competitive edge?
Make sure property is priced right. With the assistance of a real estate agent see how recent sales compare to your home. Be very flexible with access. Remember inventory is high so if a buyer can't get reasonable access he or she will move … (7 comments)
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red hook homes for sale: Red Hook Real estate Market Report 3/1-3/31/08 - 04/01/08 12:03 AM
Red Hook Real Estate
During the period 3/1/08-3/31/08 there were:
55 Active Listing
Here is the breakdown:
0-99,000 - 2
200,000-299,000 - 17
300,000-399,000 - 11
400,000-499,000 - 9
500,000-599,0 00 -3
600,000-699,000 - 2
700,000-799,000 - 4
800,000-899,000 - 2
900,000-999,000 - 2
1 million+ - 3
6 New
0-99 ,000- 1 300,000-399,000 - 3 400,000-499,000 - 1 900,000-999,000 - 1
5 Accepted offers
200,000-299,000 - 3 300,000-399,000 - 1 500,000-599,000 - 1
2 Extended
400,000-499,000 - 1 700,000-799,000 - 1
4 Sold
100,000-199,000 - 2 400,000-499,000 - 1 500.000-599,000 - 1
The highest listed property was listed at $4,018,900
The lowest listed property was … (4 comments)
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