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 properties with restricted access.
- Don't get offended by a low offer- keep negotiating.
Buyers it's time to act!
- Only about 6 months left for you to take advantage of the $8000 tax credit -you have to close on a property by November 30th.
- Prices on many properties have come down
- Low mortgage rates.
Town of Red Hook Market Report - April 2009
ACTIVE 61 DOM 139 AVG LIST PRICE $501,695 AVG SQFT 2533 AVG $/SQFT $ 198
OFFERs 2 DOM 108 AVG LIST PRICE $390,000 AVG SQFT 2308 AVG $/SQFT $ 169
CONTRACTS 2 DOM 128 AVG LIST PRICE $260,000 AVG SQFT 1986 AVG $/SQFT $ 131
SOLD 3 DOM 52 AVG LIST PRICE $251,633 AVG SQFT 1611 AVG $/SQFT $ 156
AVG SOLD PRICE $226,667 AVG $/SQFT $ 141
STREET PRICE
Spring Lake Road $ 165,000
Vosburgh Road $ 242,500
Fruitbud Lane $ 272,500
Village Of Red Hook Real Estate Market Report For April 2009
ACTIVE 9 DOM 99 AVG LIST PRICE $334,878 AVG SQFT 1735 AVG $/SQFT $ 193
SOLD 1 DOM 62 AVG LIST PRICE $159,500 AVG SQFT 1050 AVG $/SQFT $ 152
AVG SOLD PRICE $142,500 AVG $/SQFT $136
STREET PRICE
Amherst Road $ 142,500
Village Of Tivoli Real Estate Market Report - April 2009
ACTIVE 3 DOM 181 AVG LIST PRICE $254,500 AVG SQFT 1306 AVG $/SQFT $ 195
CONTRACTS 1 DOM 253 AVG LIST PRICE $199,000 AVG SQFT 1200 AVG $/SQFT $ 166
SOLD 1 DOM 40 AVG LIST PRICE $249,000 AVG SQFT 1320 AVG $/SQFT $ 189
AVG SOLD PRICE $235,000 AVG $/SQFT $ 178
STREET PRICE
Feroe $ 235,500
****Source of data Mid-Hudson Multiple Listing Service Inc (MHMLS)
If you are looking to buy or sell real estate in the Hudson Valley ,or to get an answer to a real estate question please contact me.
Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com
SEARCH FOR A HOME IN THE MID HUDSON VALLEY
**** Informational only; deemed reliable but is not guaranteed.
***** Rhinebeck market report - April 09
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Jennifer, that is the price range that is moving around here as well, because it is the range that most first time homebuyers fall in. The higher price properties are hurting.