There were 52 properties available in Rhinebeck for sale, and the chart below gives the breakdown.
- 9 homes available for sale under - $300,000
- 5 homes available from $300,000- $399,999
- 11 homes available from $400,000-$499,999
- 18 homes available from $500,000-$999,999
- 9 homes available from $1,000,000-$4,999,999
In July there were 2 sales which indicates that at such a pace it will take a long time to work off the inventory.
So what can a seller do? the key is to price the property competitively, forget about the prices people were getting a few years ago, this is a buyer's market.
•· The market does not care about what you think you should get.
•· Your house will sell for a price that a consumer is willing to pay.
•· A reality check might involve getting an appraisal done.
I still say it is a good time to buy and there are deals to be had.
RHINEBECK REAL ESTATE MARKET REPORT JULY 2008
| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQFT |
AVG $/SQFT |
| 49 Active |
$ 694,230.00 |
127 |
2942 |
$236 |
| 3 New |
$ 1,020,633.00 |
5 |
2417 |
$422 |
| 1 Offers CS |
$ 450,000.00 |
470 |
2200 |
$205 |
| 3 Price Change |
$ 506,167.00 |
114 |
1958 |
$259 |
| 2 Extended |
$ 987,000.00 |
362 |
4350 |
$227 |
| 3 Contract |
$ 698,000.00 |
189 |
2304 |
$303 |
| 2 Sold |
$ 1,174,000.00 |
246 |
3000 |
$391 |
| |
AVG SOLD PRICE |
|
|
AVG SOLD$/SQFT |
| |
$ 1,052,500.00 |
|
|
$351 |
| STREET |
SALE PRICE |
|
|
|
| Hutton |
$ 815,000.00 |
|
|
|
| Wurtemburg |
$ 1,290,000.00 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
**************
There were 29 properties available for sale in the village of Rhinebeck, and the chart below gives the breakdown.
- 4 homes available for sale under $300,000
- 9 homes available from $300,000-$399,999
- 9 homes available from $400,000-$499,999
- 4 homes available from $500,000 -$999,999
- 3 homes available from $1,000,000-$4,999,999
There were 3 sales within the month.
Also 1 townhouse sold for $379,000 and there were still 3 available for sale.
RHINEBECK VILLAGE
| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQFT |
AVG $/SQFT |
| 28 Active |
$ 565,971.00 |
180 |
2348 |
$241 |
| 1 New |
$ 134,900.00 |
1 |
1918 |
$175 |
| 1 Offers |
$ 699,000.00 |
329 |
2400 |
$291 |
| 3 Offer CS |
$ 339,667.00 |
23 |
1434 |
$237 |
| 1 Price Change |
$ 319,000.00 |
39 |
1715 |
$186 |
| 1 Contract |
$ 395,ooo.00 |
61 |
1403 |
$282 |
| 3 Sold |
$ 470,000.00 |
135 |
2178 |
$216 |
| |
AVG SOLD PRICE |
|
|
AVG SOLD$/SQFT |
| |
$ 465,100.00 |
|
|
$214 |
| STREET |
SALE PRICE |
|
|
|
| Closs |
$ 380,300.00 |
|
|
|
| Prospect Street |
$ 427,500.00 |
|
|
|
| Montgomery St. |
$ 587,500.00 |
|
|
|
| |
|
|
|
|
| |
|
|
|
|
****Data to prepare report obtained from the Mid Hudson MLS.
Other Recent Rhinebeck Postings
Rhinebeck Tennis Club
Dutchess County Fair
Rhinebeck Real Estate Market Report June 2008
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
;)
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Hi Jennifer I like the video It catches your eye. Have a great day