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How was Rhinebeck homes sales in August 2016?

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

Rhinebeck home sales August 2016  update

Home sales in Rhinbeck during August 2016 came in at 5, this was 1 more than that of August 2015.  These homes averaged 90 percent of the list price.

The homes sold were built betwee 1770 and 2004, and the largest house was just over 3400 square feet.

Both the average and median price were much lower this August. (see chart 

below)

 

Click the button to see the current inventory of Rhinebeck homes for sale.

Rhinebeck real estate August 2016

The new listings to the market during the month ranged in price from $349,000 to $468,000.

These were  3-5  bedrooms homes,  built between 1875 and 2014.  The home size ranged from 1456 sq. ft.  to 2672 sq. ft.

Seven  homes received offers, ranging in price from $ 169,900 to $689,000.  These homes were built between 1952 and 2003, with size ranging from 1100 sq. ft. to 3200 sq. ft

A house priced at $229,500 went under contract, it.was built in 1840 and was only 870 sq. ft.

Comparison of Rhinebeck home sales in August 2016

Comparison                 2015                            2016

Average List              $ 610,975               $ 466,780

Average sold             $ 538,500               $ 420,000

Median List               $ 487,000               $ 295,000

Median sold              $ 469,500               $ 285,000

Sales                                          4                               5

DOM                                       138                          131

Price range  $235,000-$980,000          $ 215,000 – $920,000

Rhinebeck real estate August 2016 activities

 
Active 5
   
Average List $424,178
Average DOM 17
Average SQ.FT 2190
Average $/SQ.FT $194
   
Offer 4
Average List $402,600
Average DOM 138
Average SQ.FT 1847
Average $/SQ.FT $218
   
offer CS 3
Average List $294,633
Average DOM 37
Average SQ.FT 1832
Average SQ.FT 161
   
Contract 1
Average List $229,500
Average DOM 68
Average SQ.FT 870
Average $SQ.FT $264
   
Sold 5
Average List $466,780
Average DOM 131
Average SQ.FT 2286
Average $SQ.FT $204
Average Sold $ 420,000
Average sold $/SQ.FT $184
   
Address Price
Route 9 $ 215,000
Hook Road $ 285,000
Rhinecliff Road $ 285,000
Peacock $ 395,000
Route 9G $ 920,0 

You can also continue reading to find out the Village of Rhinebeck home sales in August 2016.

Inventory is low and the Fall season is here, which is still a great time to list your home.   You will find buyers are very focused this time of year.

Of course you need to do whatever it takes to make the home appealing to buyers,  so they will take a closer look.  Things such as: proper pricing, enhancing curb appeal, decluttering and much more.

 

 

 

JFIVE Homes Realty LLC

Comments(2)

Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Jennifer great reporting. I hope you are doing well and had a nice Summer.

Sep 22, 2016 11:33 PM
Jennifer Fivelsdal

Thanks Noah.   I especially enjoyed the flowers this summer,  but would have preferred Less heat :)

Sep 25, 2016 02:17 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jennifer good to see the sales were up in Rhinebeck even if it was by only one sale :)

Sep 23, 2016 06:56 AM
Jennifer Fivelsdal

George 1 extra sale is a big deal when sales is in single dig :)

Sep 25, 2016 02:19 PM