Rhinebeck NY Real Estate Market Report for September 2008- What the numbers reveal
There is just one quarter left in the year and many sellers are hoping that their property will get sold by year end. 
In 2007 37 homes sold in the town of Rhinebeck; so far this year 23 have sold, therefore in this quarter 14 houses would have to be sold to match the 2007 numbers. In the village there were 22 sold in 2007 and to date 13 have sold which also meant 9 sales would be necessary to match last year.
As can be seen from the report below there are about 56 homes available in the town for sale and 29 in the village. Based on an analysis of prior years it is safe to say many of these will not close by the end of the year.
The existing properties ranged from $159,900 - $6,900,000
So what should a buyer do?
- Since this is the last quarter there are sellers who will want to sell before year end, so this would be a good time to look for a home I am sure there are many negotiating opportunities.
- If you are thinking of buying remember one of the first thing you need to do is to get pre-approved. With the present financial crisis the recent buzz is to try your local lenders.
- Find a Realtor who will look out for your interest, consider an Accredited Buyer's Representative (ABR)
- To get the best out of the relationship you should see your Realtor as a valued partner.
- If you are a first time buyer make sure to ask your lender or agent about programs that could benefit you.
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RHINEBECK Real ESTATE MARKET REPORT - SINGLE FAMILY HOMES SEPTEMBER 2008 |
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AVG LISTING PRICE |
DOM |
AVG SQ FT |
AVG $/SQ FT |
| 52 Active |
$ 929,198.00 |
136 |
3225 |
$288 |
| 1 New |
$ 1,100,000.00 |
7 |
4000 |
$275 |
| 1 Offers |
$ 450,000.00 |
529 |
2200 |
$205 |
| 3 Price Change |
$ 436,300.00 |
56 |
2493 |
$199 |
| 1 Pending |
$ 195,000.00 |
124 |
624 |
$312 |
| 4 Sold |
$ 589,750.00 |
273 |
2438 |
$242 |
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AVG SOLD PRICE |
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AVG $/SQ FT |
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$ 538,250.00 |
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$ 242 |
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| STREET |
SALE PRICE |
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| Ackert Hook RD |
$ 325,000.00 |
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| Round Lake Road |
$ 425,000.00 |
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| Ackert Hook RD |
$ 508,000.00 |
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| Haggerty Hill |
$ 895,000.00 |
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RHINEBECK VILLAGE REAL ESTATE MARKET REPORT SINGLE FAMILY HOMES SEPTEMBER 2008 |
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| CATEGORIES |
AVG LISTING PRICE |
DOM |
AVG SQ FT |
AVG $/SQ FT |
| 29 Active |
$ 540,631.00 |
166 |
2308 |
$234 |
| 1 Offer |
$ 279,500.00 |
381 |
1160 |
$241 |
| 2 Sold |
$ 372,000.00 |
52 |
1392 |
$267 |
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AVG SOLD PRICE |
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AVG $/SQ FT |
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$ 357,750.00 |
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$257 |
| STREET |
SALE PRICE |
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| Cramer Road |
$ 245,500.00 |
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| Round Lake Road |
$ 470,000.00 |
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The picture above is of the Old Rhinebeck Aerodrome which is a museum with one of the largest collection of older planes thus it is a popular tourist attraction in the area.
****Data for this report obtained from the MidHudson MLS System.
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-Rhinebeck NY Real Estate Market Report for September 2008- What the numbers reveal
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Jennifer - Say it ain't so....There is a $6.9M quonset hut for sale in Rhinebeck??? I just couldn't resist.....lol. What is the significance of the quonset huts in the photos? I am sure you will set me straight.
Have a great day.
P.s. Great advice for the buyers