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Red Hook Real Estate Market Report August 2011

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

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 active listing is high because there was one home listed for $2,250,000 otherwise it would be in the 300's
  • The average price for those in contract would be in the high 200's if not for the beautiful historic home from 1733 with a list price of $1,800,000.

Goats in hay wagon

                       Goats playing in a hay wagon at Greig Farm in Red Hook NY

 

Below you will find more details on the market report for August 2011.

 

Single Family detached inventory for Red Hook NY in August 2011

 

Active 6 Offer CS 2
Average List $694,667 Average List $225,000
Average DOM 31 Average DOM 142
Average SQFT 2636 Average SQFT 1393
Average $/SQFT $264 Average $/SQFT $162
       
       

 

Contract 2 Sold 5
Average List $1,347,500 Average List $418,380
Average DOM 104 Average DOM 165
Average SQFT 4163 Average SQFT 2741
Average $/SQFT $324 Average $/SQFT $153
    Average Sold $401,400 
    AverageS/SQFT  $146

  

Homes sold in Red Hook During August

Address Price
Albie $247,000
Trow BLVD $265,000
Edgewood Drive $270,000
Whaleback RD $350,000
Whaleback Road $875,000


Single Family detached inventory for the Village of Red Hook NY in August

 

Active 2 Sold 1
Average List $249,900 Average List $289,000
Average DOM 38 Average DOM 63
Average SQFT 2230 Average SQFT 1818
Average $/SQFT $112 Average $/SQFT $159
    Average Sold $268,000
    Average$/SQFT $147 

  

House sold in the Village of Red Hook

ADDRESS PRICE
 Prince Street  $268,000

 

Data for report obtained from the Mid Hudson Mutiple Listing Service

copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook Real Estate Market Report August 2011

Red Hook Home Search

Comments(6)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Jennifer,

I'm sure the market get through whatever mountain. :)

Sep 14, 2011 03:09 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

A very nicely presented report and I love the photo.  I like the way you point out that one sale may skew the statistics... I hope the market is better this year than last as we come into the fall selling season.

Sep 14, 2011 03:11 PM
Lisa Dunham
Alexandria, VA
Associate Broker, Alexandria Virginia Real Estate

Wow, it looks like there is a huge variation in the price of homes in Red Hook.  I would love to take a peek at the $2M home.  Nice report!

Sep 14, 2011 03:15 PM
Digital Digital
Alachua, FL
full service

Hi Jennifer,
I like your market report, it's very informative and easy to understand.
Keep up the good work!

Sep 14, 2011 03:19 PM
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Jennifer:  Red Hook looks like a lovely area and including pictures of the area gives your readers a good idea of the lifestyle there.   

Sep 14, 2011 03:24 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Laura it will.  We just have to keep positive, change is a sure thing :)

Joan as you will know I love incorporating photos I take while I am up and about.  I thought it was important for readers to understand why the average seem high.

Lisa beautiful house with Hudson River Views.

Wandanna thank you.  With such encouragement, I will :)

Jane it is a beautiful area.   I use lots of photos because that is what I like to see too.

Sep 14, 2011 03:39 PM