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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

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Copyright © by Jennifer Fivelsdal, all rights reserved-

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

|subscribe to Blog JFIVE HOMES REALTY LLC

 

 

9 Comments on Rhinebeck NY Real Estate Market Report - July 08

AUG
06
2008
317,970 Points 32 Featured Posts Outside Blog

Hi Jennifer I like the video It catches your eye.  Have a great day

7:03am • #1
896,762 Points 20 Featured Posts Outside Blog

Great info and I like the slide... My wife wants the 4,999,999 home!

your friend in Charlottesville!

8:24am • #2
891,612 Points 20 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Charles - I would love to sell you one of our fine homes.  Thank you.

Renee- I suppose if Realtors like it the consumer will also.  Have a great day.

8:00pm • #5
300,676 Points 55 Featured Posts Localism Sponsor Outside Blog

Jennifer - Only 2 sales for desirable RHINEBECK in July? That is NOT good!

9:09pm • #6
891,612 Points 20 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Carol there were actually 6 sales.  2 in the town, 3 in the village and a townhouse in the village.  Did you check the average price or those sold?

9:24pm • #7
AUG
07
2008
3 Featured Posts Outside Blog

HI JENNIFER!

You've added a nice touch to market statistics.  Most are just numbers and words. I think the consumer will appreciate your slided show!

All the best,

9:52am • #8

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Jennifer Fivelsdal Rhinebeck Real Estate (Serving Dutchess| Columbia|Ulster Ctys

Rhinebeck, NY

More about me…

LIC. R.E. Broker JFIVE Home Realty LLC

Address: 162 Deer Run Road, Red Hook, NY, 12571

Office Phone: (845) 758-6842

Cell Phone: (845) 594-9947

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This will be a source of information on the Mid-Hudson Valley and real estate related topics. Please call me at 845-758-6842 or visit http://www.jfivehomes.com


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