(edit/delete)

With less than 3 months until the end of the year Red Hook sellers have much to ponder. At this moment there are 79 homes available for sale in the town, and 5 in the village.   In 2007 63 homes sold  in the town and 3 in the village.  To date only 37 homes have sold, therefore to match last year's numbers 29 homes would have to be sold in less than 3 months.  Even if this was achieved there would still be a year's worth of inventory left over.

 I won't kid you, this has been a challenging year for many.  Who would have imagined that words like credit squeeze, short sales, foreclosure and bankruptcy would have become a part of our everyday speech?

So Red Hook home sellers here are a few questions I would like you to consider.

• Why is your home on the market? And how motivated are you to sell?
• If your home has been on the market a while, have you made the appropriate price adjustments?
• Have you kept up with what is happening in the local real estate market by reviewing market reports, keeping abreast of what your competitors are doing to gain a competitive edge?
• Could your home benefit from home staging to make it more marketable?
• If you are relocating did you know other markets also have high inventory?so if you can't get the price you would like on your Red Hook home it is possible you could get a bargain where you are relocating to?

The existing properties ranged from $ 67,000- $ 2,400,000  with the majority priced under $400,000

 ****Data for this report obtained from the MidHudson MLS System.

BY: Jennifer Fivelsdal Associate Broker, Keller Williams Realty Team - jfivehomes.com 845-758-6842 Email