During the month of May the Town of Red Hook and The villages of Red Hook and  Tivoli had  combined sales of 4. 

The sale price ranged from $195,000-$470,000 and active listings from $75,000-$2,500,000.

So, what can sellers do to to gain a competitive edge?

1. Make sure that your property is priced right
2. Improve your curb appeal .
3. Offer a Home Warranty
4. Price , Price, Price

Buyers it's time to act!

1. 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. 
2. Large inventory with the majority having price reduction
3. Mortgage rates although relatively low are rising.

                                         Town of Red Hook Market Report - May 2009

ACTIVE 70         DOM  146   AVG LIST PRICE   $496,601   AVG SQFT  2506    AVG $/SQFT  $ 198

OFFERS  2          DOM  68    AVG LIST PRICE   $277,450    AVG SQFT  1985     AVG $/SQFT   $ 140

OFFERS  CS 2    DOM  363   AVG LIST PRICE   $359,500   AVG SQFT  1825    AVG $/SQFT   $ 197

CONTRACTS 3   DOM  100   AVG LIST PRICE   $394,333    AVG SQFT   2292     AVG $/SQFT   $ 172

SOLD   4            DOM     129   AVG LIST PRICE   $313,000  AVG SQFT   2294    AVG $/SQFT   $ 136

                                                     AVG SOLD PRICE  $286,250                           AVG $/SQFT   $  125

STREET                                                                 PRICE

  Manor Road                                                $ 195,000

  Kelly Road                                                  $ 225,000

  Alder                                                            $ 255,000

Southview Lane                                           $ 470,000

Village Of Red Hook Real Estate Market Report For May 2009

ACTIVE     9    DOM     104    AVG LIST PRICE   $328,767   AVG SQFT   1653   AVG $/SQFT   $ 199

OFFER       1   DOM    112    AVG LIST PRICE   $229,000   AVG SQFT   1056     AVG $/SQFT   $ 217

  Village Of Tivoli Real Estate Market Report - May 2009

  ACTIVE     2  DOM  268   AVG LIST PRICE   $ 257,250  AVG SQFT  1284     AVG $/SQFT   $ 200

****Source of data Mid-Hudson Multiple Listing Service Inc (MHMLS)

OTHER MARKET REPORTS  - 2009

Red Hook Real Estate Market Report -  April 2009

Red Hook Real Estate Market Report - March 2009

Red Hook Real Estate Market Report - February 2009

Red Hook Real Estate Market Report - January 2009

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

845-249-2945 or 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.