Flowers from a Red Hook NY garden
It is hard to believe we are already half way through 2008, so this was a good time to look back to see how the real estate market has done so far.
When this report was pulled on June 30th there were over 70 listings on the market. So far, between the town of Red Hook and the village about 25 homes have sold over the last six months. How does this compare to 2007? In 2007 for the entire year 63 properties sold therefore 2008 sales is not lagging too much behind.
Very often I am asked; how is the market? is anything selling? yes properties are selling it is just taking a little longer.
If you are planning to put your property on the market you will have stiff competition so it is important to start out with a realistic price in order to achieve a competitive edge.
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RED HOOK REAL ESTATE MARKET REPORT JUNE 2008
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CATEGORIES
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AVG LISTING PRICE
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DOM
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AVG SQFT
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AVG $/SQFT
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59 Active
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$ 528,219.00
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121
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2526
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$209
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7 New
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$ 376,714.00
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4
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1861
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$202
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1 Offers
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$ 499,000.00
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320
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2900
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$172
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1 Offers CS
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$ 249,000.00
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24
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2016
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$124
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5 Price Chg.
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$ 352,740.00
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71
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1886
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$187
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5 Contract
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$ 432,560.00
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194
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2510
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$172
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3 Sold
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$ 384,933.00
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253
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2405
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$160
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AVG SOLD PRICE
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AVG SOLD$/SQFT
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$ 350,000.00
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$146
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STREET
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SALE PRICE
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Morry Road
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$ 225,000.00
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Hoffman Woods
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$ 400,000.00
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Station Hill Road
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$ 425,000.00
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RED HOOK REAL ESTATE MARKET REPORT JAN-JUNE 2008
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CATEGORIES
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AVG LISTING PRICE
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DOM
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AVG SQFT
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AVG $/SQFT
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59 Active
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$ 528,219.00
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121
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2526
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$209
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7 New
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$ 376,714.00
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4
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1861
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$202
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3 Offers
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$ 326,967.00
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336
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1760
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$186
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1 Offers CS
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$ 249,000.00
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24
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2016
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$124
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5 Price Chg.
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$ 352,740.00
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71
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1886
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$187
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8 Contract
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$ 445,388.00
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190
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2506
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$176
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20 Sold
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$ 375,420.00
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204
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2281
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$165
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AVG SOLD PRICE
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AVG SOLD$/SQFT
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$ 351,175.00
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$154
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RED HOOK VILLAGE REAL ESTATE MARKET REPORT JUNE 2008
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CATEGORIES
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AVG LISTING PRICE
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DOM
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AVG SQFT
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AVG $/SQFT
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6 Active
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$ 340,233.00
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92
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1954
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$174
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1 New
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$ 269,000.00
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6
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1100
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$245
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1 Offers
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$ 499,000.00
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376
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2900
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$172
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1 Offers CS
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$ 254,900.00
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231
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1260
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$202
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1 Contract
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$ 329,900.00
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68
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1662
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$198
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2 Sold
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$ 268,950.00
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113
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1882
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$143
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AVG SOLD PRICE
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AVG SOLD$/SQFT
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$ 262,500.00
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$140
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STREET
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SALE PRICE
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Amherst
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$ 238,000.00
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Cambridge
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$ 287,000.00
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RED HOOK REAL ViILLAGE ESTATE MARKET REPORT JAN-JUNE 2008
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CATEGORIES
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AVG LISTING PRICE
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DOM
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AVG SQFT
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AVG $/SQFT
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7 Active
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$ 330,057.00
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81
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1832
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$180
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1 New
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$ 269,000.00
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6
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1100
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$245
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1 Offers
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$ 499,000.00
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376
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2900
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$172
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1 Offers CS
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$ 254,900.00
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231
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1260
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$202
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2 Contract
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$ 314,900.00
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124
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1781
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$177
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5 Sold
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$ 259,360.00
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100
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1687
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$154
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AVG SOLD PRICE
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AVG SOLD$/SQFT
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$ 255,600.00
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$152
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Data gathered from the Mid Hudson Multiple listing service
Author: Jennifer Fivelsdal - Associate Broker- Keller Williams Realty Team - 845-758-6842
To search for properties click the button below.
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Hi Jennifer,
Great market report for Red Hook. You always do such a great job on your market area. It seems like you still have homes that are selling, it sure seems like a nice area to me.