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 attention to the market updates provided to you by your agent and adjust your price as necessary.
• Seriously,most of the properties that are moving are priced slightly below the market.

Buyers it's time to act!

• Less than 5 months remaining for you to take advantage of the $8000 tax credit-you have to close on a property by November 30th.  To make this deadline you will probably need to have an accepted offer in place by September since many closing takes 60-90 days to close and could be longer on foreclosure properties.

                                         Town of Red Hook Market Report - JUNE  2009

 ACTIVE      71  DOM  143   AVG LIST PRICE   $495,716   AVG SQFT  2409    AVG $/SQFT  $ 206

OFFERS        2   DOM    83   AVG LIST PRICE   $288,500  AVG SQFT  2125   AVG $/SQFT   $ 136

OFFERS  CS 2   DOM    82   AVG LIST PRICE   $210,500   AVG SQFT  1537    AVG $/SQFT  $ 137

CONTRACTS 5   DOM 242  AVG LIST PRICE   $277,760    AVG SQFT  1864   AVG $/SQFT   $ 149

 SOLD           6   DOM 195  AVG LIST PRICE   $432,138   AVG SQFT   2432    AVG $/SQFT  $ 178

                                                       AVG SOLD PRICE $395,250                       AVG $/SQFT   $ 163

  STREET                                                         PRICE

  Lasher RD                                                 $ 255,000

  Manor Road                                              $ 265,000

 Chestnut Street                                         $ 280,000

Silver  Lane                                                $ 415,000

Pitcher Lane                                               $ 439,000

Pond View DR                                            $ 717,500

Village Of Red Hook Real Estate Market Report For June 2009

ACTIVE        7    DOM     126    AVG LIST PRICE  $360,571 AVG SQFT   1955   AVG $/SQFT   $ 184

NEW              1    DOM        7   AVG LIST PRICE   $249,000  AVG SQFT   1400   AVG $/SQFT   $ 178

CONTRACT   1   DOM     113  AVG LIST PRICE  $229,000  AVG SQFT   1056   AVG $/SQFT   $ 217

  Village Of Tivoli Real Estate Market Report - JUNE 2009

  ACTIVE        2  DOM  123  AVG LIST PRICE   $ 252,250 AVG SQFT  1335    AVG $/SQFT   $ 189

OFFER  CS     2  DOM  123  AVG LIST PRICE   $ 252,250 AVG SQFT  1335    AVG $/SQFT   $ 189

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

OTHER MARKET REPORTS  - 2009

Red Hook Real Estate Market Report - June 2009

Red Hook Real ERstate Market Report - May 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.