There is still a large selection of homes for sale in the Village of Rhinebeck. As of September 30, 2008 there are 30 homes for sale in Rhinebeck Village.  The homes range in price from $159,900 to $2,195.000. That is quite a range!  Of the 30 homes for sale 3 are priced at more than $1,000,000.

Using all the homes currently for sale in the Village of Rhinebeck the statistics show the following:

• Average listing price is $558,371
• Average Days on Market (DOM) is 173
• Average square footage of homes on the market is 2,374
• Average asking price is $235 per square foot
• 1 home Closed during the month of September for $245,000
• 1 house currently has an Accepted Offer

When doing these market reports I also like to report the statistics eliminating the homes that are priced over $1,000,000 as they can skew the prices of what a "typical" home would cost.  Eliminating the homes with asking prices over $1,000,000 the statistics show the following:

• Average listing price us $433,776
• Average Days on Market (DOM) is 174
• Average square footage of homes on the market is 2,165
• Average asking price is $200 per square foot

What does this mean if you are currently trying to sell your home in the Rhinebeck, NY real estate market?  For one thing it means you have a good amount of competition.  There are several things you can do to make sure your home is competitive:

• Price it correctly with the help of a real estate professional
• Make sure your home is in tip top condition - de clutter it, make all repairs, make sure it is light and bright, keep your yard looking great, make it easy for buyers to view your home and leave your home for showings!

What does this mean if you are looking to buy a home in the Village of Rhinebeck?   You have a great selection to choose from.  With the help of a good real estate agent you are in an excellent position to negotiate.  As a buyer you must be aware the mortgage market is changing rapidly.  You owe it to your yourself and to sellers to be sure you are pre approved for a mortgage and that you have enough of a down payment to get that final commitment from your mortgage company.  Be sure to check with your lender to see if they have established a minimum percentage of selling price for your down payment.

Homes are still selling in the greater Rhinebeck area so if you are ready to buy or sell do your home work and get out there and find the home of your dreams!

Give me a call if I can help you with selling or buying a home in the Rhinebeck, NY area.  You can reach me at 845-224-5238 or check out my website at www.realestaterhinebeckny.com

Statistics used in this market report were obtained from Mid Hudson MLS.

Disclaimer:  The information provided herein is supplied by DianaCorcoran and is subject to change without notice.  The "Rhinebeck/Red Hook Real Estate Blog by Diana"  does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on this blog represent the opinions and ideas of the author.