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 | |||
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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 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
Copyright © by Jennifer Fivelsdal, all rights reserved-
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