The Rhinebeck condos and townhouses market update.
During 2013 the Rhinebeck condos and townhouses were a hot commodity. There were many resales at The Woods, the older phase at the Garden at Rhinebeck, as well as new sales at the new phase at The Gardens at Rhinebeck.
You can view the present Rhinebeck attached home inventory.
Rhinebeck condos
There were 27 units sold in 2013 when compared to 15 in 2012. Of the 27 units sold in 2013, 1 was a townhouse and 26 were condos.
13 of the condos were priced under $300,000 and ranged in price from $200,000 -$294,000. The majority of which were about 1194 square feet and were not end units. There were 4 with square footage of 1415 -1485 ranging in price from $245,000 – 294,000
Of the 13 units which sold between $305,000 – $350,000, 11 were end units. The square footage on these units fell between a range of 1348-1548.
The list price to sale price was 96 percent.
From the report it can be concluded that the square footage and whether a property was an end unit or not impacted the the price.
Data for Rhinebeck condos and townhouses sold in 2013
Average List: $294,687 Average Sold: $283,656
Days on market: 150 Average Sq.FT: 1343
Average $ per SQ.FT: $219 Average $ sold Per SQ.FT $ 211
2012 Sales
Average List: $288,633 Average Sold: $276,610
Days on market: 122 Average Sq.FT: 1343
Average $ per SQ.FT: $215 Average $ sold Per SQ.FT $ 205
Active Rhinebeck condos and Townhouses
At the end of 2013 there were 3 active condo listings all resale.
Average List: $302,800 Days on market: 88
Average Sq.FT: 1365 Average $ per SQ.FT: $222
Rhinebeck Condos and townhouses under contract
At the end of 2013 there was just 1 unit under contract
Average List: $ 209,000 Days on market: 171
Average Sq.FT: 1183 Average $ per SQ.FT: $177
The increase of 12 can be attributed to the newly constructed condo.
If you are in the market for a Rhinebeck condo please give Jennifer a call at 845-758-6842.
These numbers only reflected properties listed on the Mid Hudson Multiple Services.
Rhinebeck resources
Disclaimer: This advertising does not suggest that the Broker has a listing in this property or properties or that any property is currently available ( As per NY State new advertising regulations)
Originally By Jennifer Fivelsdal of JFIVE Homes Realty LLC, all rights-Rhinebeck condos and townhouses 2013 market update
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