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Red Hook Real Estate Market Report - May 2008

Red Hook Diner

Red Hook continues to have a large amount of properties available for sale. From the report below there is an indication that next month's unit sales could triple based on listings now in contract.

It is important to have your property priced right to be competitive. I have also noticed that more incentives are being offered to buyers; some are sellers paying down mortgage points for buyers, a free tank of heating oil, and holding part of the mortgage to name a few.

TOWN OF RED HOOK REAL ESTATE REPORT - May 08

Categories	Avg Listing Price	DOM	AVG SQFT	AVG $/SQFT
56 Active	$538,213	126	2529	$213
3 New	$398,000	3	2320	$172
2 Offers Still Showing	$408,450	176	2032	$201
3 Price Change	$301,000	44	2068	$146
4 Contract	$487,450	175	3278	$149
2 Extended	$412,450	200	2133	$193
2 Sold	$229,450	292	1262	$182
Avg. Sale Price $212,250	AVG Sold $/SQFT $168

VILLAGE OF RED HOOK REAL ESTATE REPORT - May 08

Categories	Avg Listing Price	DOM	AVG SQFT	AVG $/SQFT
9 Active	$352,333	147	1815	$194
1 Offers Still Showing	$329,900	56	1662	$198
1 Price change	$375,000	105	2400	$156
2 Contract	$269,900	116	1850	$146
1 Sold	$269,900	49	1934	$134
Avg. Sale Price $270,000	AVG Sold $/SQFT $140

TOWN OF RED HOOK HOME SALES May 2008

STREET	PRICE	BR	SQFT
Route 199	$199,500	3	1120
Morry Road	$225,000	3	1405

The Avg List: $229,450 Avg SQFT: 1262 Avg Sold: $212,250 Avg. DOM: 292 Avg $/SQFT: $168

VILLAGE OF RED HOOK HOME SALES May 2008

STREET	PRICE	BR	SQFT
Cambridge Drive	$270,000	3	1934

The Avg List: $259,000 Avg SQFT: 1934 Avg Sold: $270,000 Avg. DOM: 49 Avg $/SQFT: $140

****Data compiled from information obatained from the Mid Hudson Multiple Listing Services and reflects only listings that were entered into the Multiple Listing Service.

Jennifer Fivelsdal - Keller Williams Realty Team - 845-758-6842

Posted by Jennifer Fivelsdal, Fishkill NY on 06/06/2008 07:01 PM

Comments (12)

house for sale, red hook real estate market report

Originally posted at: Rhinebeck Living: Red Hook Real Estate Market Report - May 2008

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12 Comments on Red Hook Real Estate Market Report - May 2008

JUN

2008

Thanks for sharing.

I love the name...reminds me of Beer for some reason.

Steven - You are welcome

Monika - I had a feeling you were on to something so this is what I found using google.

http://www.redhook.com/

Jennifer, just wanted to stop by and say I love the picture of the Diner. Those restaurants are just disapperaing from Americana. But YOU have one. So now I know where to go : )

Jennifer, I LOVE the market report. I also LOVE that diner. You really have some great diners in New York.

Marchel - Everyone love the diners, I am not sure why but they do. In Dutchess we also have a Drive -in, do you have any in your area?

JUN

2008

Hi Jennifer- I think the MigHudson Valley is the "Diner Kingdom"- We sure have our share. It is interesting how a picture can start a great comment thread. Love it!

Jennifer,
Your market report gives your consumers a great overview of what is happening in the area. Yes, I love the Diner too. I think it is a nostalgic thing.

Gary - This Diner is popular with the New Yorkers who leave NYC for the the weekends.

Barbara - Now that I think about it you are right, there are many Diners.

Cynthia- When I decided on the picture of the Diner I had no idea it would have been so appreciated. Yes I try to provide market information to keep the consumers in my marketplace up-to-date.

Jennifer, we really don't have diners. My daughter has taken me to them in NYC. Denny's tries to make their restaurant look like a diner ever once in a while but that's just not flying. You had asked about drive in's. We have tons of Sonics. I have always loved sonic so I think that is way cool. I love their cherry limeade.

Hi Jennifer,

Great report for home buyers and sellers in Redhood. We don't have diners like this either in SoCal. at least none that I know of. Including a free tank of heating oil is something I've never heard of before.

JUL

2008

Great post! Check out my Ohio Market Report here http://activerain.com/blogsview/573187/May-Market-Report

Christina

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