There are about 86 homes available between the town and village of Red Hook. For the month of August only 6 properties closed. I hardly think I need to say that the inventory is high and some of these will not be sold this year.
What can a seller do to have a competitive edge?
- Make sure property is priced right. With the assistance of a real estate agent see how recent sales compare to your home.
- Be very flexible with access. Remember inventory is high so if a buyer can't get reasonable access he or she will move on.
- Curb Appeal - Landscaping should be inviting. We are approaching Fall so make sure leaves are raked up.
- Consider Staging - spending a few hundred dollars could make all the difference
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RED HOOK REAL ESTATE MARKET REPORT SINGLE FAMILY HOMES AUGUST 2008 |
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| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQ FT |
AVG $/SQ FT |
| 70 Active |
$ 463,965.00 |
126 |
2240 |
$207 |
| 3 New |
$ 366,833.00 |
4 |
2003 |
$183 |
| 2 Offers |
$ 244,463.00 |
78 |
1827 |
$134 |
| 2 Offers CS |
$ 449,000.00 |
216 |
2828 |
$159 |
| 5 Price Change |
$ 389,540.00 |
86 |
1930 |
$202 |
| 1 Extended |
$ 305,000.00 |
163 |
1600 |
$191 |
| 1 Contract |
$ 825,000.00 |
295 |
4280 |
$193 |
| 5 Sold |
$ 470,200.00 |
99 |
2474 |
$190 |
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AVG SOLD PRICE |
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AVG $/SQ FT |
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$ 434,000.00 |
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$175 |
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| STREET |
SALE PRICE |
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| N. Jefferson Rd |
$ 250,000.00 |
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| Cambridge Drive |
$ 250,000.00 |
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| Metzger Road |
$ 370,000.00 |
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| Linden Ave |
$ 500,000.00 |
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| Hapeman Hill Rd |
$ 800,000.00 |
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RED HOOK VILLAGE REAL ESTATE MARKET REPORT SINGLE FAMILY HOMES - AUGUST 2008 |
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| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQ FT |
AVG $/SQ FT |
| 7 Active |
$ 321,486.00 |
167 |
1810 |
$178 |
| 1 Offer |
$ 229,900.00 |
29 |
1420 |
$162 |
| 1 Offer CS |
$ 499,000.00 |
442 |
2900 |
$172 |
| 1 Contract |
$ 339,900.00 |
1 |
1248 |
$272 |
| 1 Sold |
$ 329,900.00 |
68 |
1662 |
$198 |
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AVG SOLD PRICE |
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AVG $/SQ FT |
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$ 305,000.00 |
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$184 |
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| STREET |
SALE PRICE |
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| Smith Street |
$ 305,000.00 |
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*****Data used to compile report obtained from MidHudson MLS 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
;)
;)
Jennifer, Another great market report. You also give some practical advice to sellers.
So I am coming to visit my daughter in Queens the 18th thru the 21st. You won't be making it in to the city during that time will you?