Based on Data from the Mid Hudson MLS the real estate market in Rhinebeck was very quiet.
Examining the data it looks like most of the properties have had price reductions but might require even further cuts to attract a buyer.
Buyers keep in mind further price reduction could be offset by higher interest rates, yes mortgage rates are trending higher. Timing the market like many have found out is not an easy thing to do.
If you are thinking of buying a home consult with your mortgage professional and Realtor.
RHINEBECK Real ESTATE MARKET REPORT - SINGLE FAMILY HOMES OCTOBER 2008
CATEGORIES
AVG LISTING PRICE
DOM
AVG SQ FT
AVG $/SQ FT
47 Active
$ 953,972.00
149
3152
$303
1 Offer
$ 450,000.00
562
2200
$205
1 Price change
$ 450,000.00
529
2200
$205
RHINEBECK VILLAGE REAL ESTATE MARKET REPORT - SINGLE FAMILY HOMES OCTOBER 2008
Bill - It is so important to keep on top of the market and as a Realtor besides helping people buy and sell real estate it is important to provide useful information to the public at large.
great report Jennifer. I absolutely love that slide show. Even through the internet I can just feel the love and compass you have to help and inform consumers in your area. Keep up the great work!!
Jennifer -- another great market report. The slide show is very nicely done. If I know of any clients looking in your area, I will surely give you a call! Hope all is well with you and that the market will start to pick up a bit.
I like the slide show too. Is that like Flickr or something? And as usual your real estate market report statistics are very good. Buyers keep in mind further price reduction could be offset by higher interest rates, yes mortgage rates are trending higher-A lot of buyers dont know that. Have a great weekend. Great post.
This will be a source of information on the Mid-Hudson Valley and real estate related topics.
Please call me at 845-758-6842 or visit http://www.jfivehomes.com
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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Jennifer - You do such a wonderful job getting your market report out and being the top resource for property info and assistance.