GOTTLOP/COOKINGHAM HOUSE
THIS BEAUTIFUL HOUSE LOCATED IN THE VILLAGE OF RED HOOK WAS BUILT IN 1776
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There is still a large inventory of homes in the Red Hook area. An analysis of the last four weeks shows:
- 21 homes available for sale under $300,000
- 25 homes available from $300,000-$399,999
- 10 homes available from $400,000-$499,999
- 10 homes available from $500,000 -$999,999
- 5 homes available from $1,000,000-$4,999,999
This report reveal that this is a good time to buy, why? because right now there are many homes available under $400,000. The question that might come to mind is; will I get financing? You might want to consider SONYMA the State of New York Mortgage Agency. This program is design to help first time buyers or someone who has not owned a primary residence in the last 3 years. This program also assist with closing cost, so you might want to see if you qualify.
This month only 3 properties sold, and considering there are 71 active listings it will take a really long time to clear the inventory at this pace.
RED HOOK REAL ESTATE MARKET REPORT JULY 2008
| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQFT |
AVG $/SQFT |
| 69 Active |
$ 521,860.00 |
117 |
2460 |
$212 |
| 2 New |
$ 329,950.00 |
5 |
1692 |
$195 |
| 1 Offers |
$ 825,000.00 |
274 |
4280 |
$193 |
| 1 Offers CS |
$ 499,000.00 |
356 |
2900 |
$172 |
| 1 Price Chg. |
$ 298,000.00 |
38 |
1968 |
$147 |
| 3 Contract |
$ 405,667.00 |
129 |
2453 |
$165 |
| 3 Sold |
$ 447,967.00 |
170 |
2829 |
$158 |
| |
AVG SOLD PRICE |
|
|
AVG SOLD$/SQFT |
| |
$ 429,167.00 |
|
|
$165 |
| STREET |
SALE PRICE |
|
|
|
| Whalesback Road |
$ 227,500.00 |
|
|
|
| Hapeman Hill Road |
$ 340,000.00 |
|
|
|
| Locust Hill |
$ 720,000.00 |
|
|
|
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|
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|
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|
|
|
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The inventory in the village is rather small and there were no closings in July.
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RED HOOK VILLAGE MARKET REPORT JULY 2008 |
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|
|
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| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQFT |
AVG $/SQFT |
| 5 Active |
$ 362,300.00 |
129 |
2061 |
$176 |
| 1 Offer |
$ 499,000.00 |
411 |
2900 |
$172 |
| 1 Price Change |
$ 239,000.00 |
41 |
1100 |
$217 |
| 1 Contract |
$ 254,900.00 |
249 |
1260 |
$202 |
Data for this report was obtained from the Mid Hudson Multiple Listing Service.
BY: Jennifer Fivelsdal - Associate Broker - Keller William Realty Team -845-758-6842 or jennifer@jfivehomes.com
To find a home, request a market analysis of your home, or get relocation information click a button below or visit www.jfivehomes.com
;)
;)
HI JENNIFER!
You really broke it down...all the inventory available and the time frame to sell. People need to see that to know 1. House has got to be in tip-top shape. 2. Must price competively.
Great work!