Rhinebeck what did your real estate market look like in February?

With changing market conditions it is important to keep abreast of the real estate market if you are considering buying or selling a house this year.  The market also affects other industries or services in a community.

So what did the Rhinebeck real estate market look like over the past four weeks?

Here is a snapshot.

 

Town of Rhinebeck
CategoriesAvg Listing PriceDOMAVG SQGTAVG $/SQFT
39 Active729,4981992600281
3 New584,63343219187
3 Offers720,0003603844187
1 Price Change399,900912400167
1 Sold599,0005234160144
AVG Sale $580,000AvG$/SQFT  139

    Rhinebeck Town HallRhinebeck Town Hall

Did you know? - In 2006 there were 73 houses in the MLS that sold in the Rhinebeck area.  In 2007 there were 37.  Based on last year's sales, at present between the village and town there is more than a year's worth of inventory.  Although this is the case there are still buyers looking for home that cannot be found in the present inventory.  With spring approaching I suspect there will be many more homes available. If you are planning to put your house on the market keep these points in mind.

  • The house must be priced right so it will appraise for a mortgage.
  • Now is a good time to get the house ready by cleaning, painting, fixing and de-cluttering
  • Don't overlook landscaping
  • Get professional advice from a Realtor and Stager.

 

Village of Rhinbeck
CategoriesAvg Listing PriceDOMAVG SQFTAVG $/SQFT
26 Active536,6691752321231
1 Price Change309,9005482070150
1Extended469,0001612000235
2 Sold517,0001182778186
AVG Sale $442,500AVG$/SQFT  159

                                                                                                                         Rhinebeck Village Hall

Rhinebeck Vllage Hall                                                     

 

 

 

 

 

 

 

***********Data compiled from information obtained from Mid Hudson MLS system on 2/29/08

 

 

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Author - Jennifer Fivelsdal - Keller williams Realty Team - 845-758-6842                                    

 

7 Comments on Rhinebeck what did your real estate market look like in February?

Jennifer things are picking up for me here in Connecticut both in purchase loans and refinances.  Hope your area starts to do the same.

03/01/2008 04:34 PM by George Souto (McCue Mortgage Co.)

Jennifer, I'm surprised at the size of the homes, they're so big!  I think many buyers will be coming to your beautiful area in the Spring and will certainly have many choices.

03/01/2008 06:10 PM by Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City)

Jennifer, you always give great market reports.  You give the report and a picture of the town hall.  You keep raising the bar for me!

03/01/2008 07:51 PM by Ray Nellum, Fort Smith Real Estate (Ramona Roberts Realtors)

George - I am glad to here it has picked up in your area.  We are see more buyers but although the inventory is high they still can't find their dream house.

Carole - We are hoping spring will open a floodgate of buyers.

Ray - I think more than ever the consumer wants to see what is happening in the market.

03/02/2008 06:23 AM by Jennifer Fivelsdal, Rhinebeck NY (Keller Williams Realty)

Jennifer, This is very useful information for consumers who live in your area and for those planning on relocating.Good post.

03/02/2008 06:24 AM by GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES (ReMax Centre Realtors)

Wow... great post on the market, it is so interesting to see the differences between my market here in California and yours...

03/02/2008 09:07 AM by Kim Kelley (Coldwell Banker Sky Ridge Realty)

I meant to tell you - I love your buttons - the color and shading look GREAT

03/02/2008 10:13 AM by Central Oregon Real Estate | Thesa Chambers, Broker (RE/MAX Sunset Realty La Pine)

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Real Estate Agent: Jennifer Fivelsdal, Rhinebeck NY (Keller Williams Realty)
Jennifer Fivelsdal, Rhinebeck NY
Rhinebeck, NY
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Keller Williams Realty

Office Phone: (845) 298-8900
Cell Phone: (845) 594-9947
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This will be a source of information on the Mid-Hudson Valley and real estate related topics. Please call me at 845-758-6842 or visit www.jfivehomes.com Page copy protected against web site content infringement by Copyscape

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