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 |
| Categories | Avg Listing Price | DOM | AVG SQGT | AVG $/SQFT |
| 39 Active | 729,498 | 199 | 2600 | 281 |
| 3 New | 584,633 | 4 | 3219 | 187 |
| 3 Offers | 720,000 | 360 | 3844 | 187 |
| 1 Price Change | 399,900 | 91 | 2400 | 167 |
| 1 Sold | 599,000 | 523 | 4160 | 144 |
| AVG Sale $580,000 | AvG$/SQFT 139 |
Rhinebeck 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 |
| Categories | Avg Listing Price | DOM | AVG SQFT | AVG $/SQFT |
| 26 Active | 536,669 | 175 | 2321 | 231 |
| 1 Price Change | 309,900 | 548 | 2070 | 150 |
| 1Extended | 469,000 | 161 | 2000 | 235 |
| 2 Sold | 517,000 | 118 | 2778 | 186 |
| AVG Sale $442,500 | AVG$/SQFT 159 |
Rhinebeck Village Hall
***********Data compiled from information obtained from Mid Hudson MLS system on 2/29/08
Author - Jennifer Fivelsdal - Keller williams Realty Team - 845-758-6842
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