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Rhinebeck NY Real Estate Market Report October 2008

By Jennifer Fivelsdal

Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

November 06, 2008 11:39 PM

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


CATEGORIES	AVG LISTING PRICE	DOM	AVG SQ FT	AVG $/SQ FT
26 Active	$ 529,485.00	200	2240	$236
1 Offer	$ 387,000.00	91	2105	$184
2 Price change	$ 324,450.00	126	1742	$186

PREVIOUS MARKET REPORTS

****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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Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Jennifer - You do such a wonderful job getting your market report out and being the top resource for property info and assistance.

Nov 07, 2008 12:01 AM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

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.

Have a great weekend.

Nov 07, 2008 12:17 AM

Kimberly Grant

Exit Leon Crawford Realty - Huntsville, AL

Real Estate Agent - Huntsville Alabama

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!!

Nov 07, 2008 01:18 AM

Joan Whitebook

BHG The Masiello Group - Nashua, NH

Consumer Focused Real Estate Services

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.

Nov 07, 2008 01:51 AM

Kim Sellers

Lake Arrowhead, CA Coldwell Banker - Lake Arrowhead, CA

Lake Arrowhead Realtor - BRE#01412099 - Lake Arrow

I think buyers are very saavy that this is their market and price reduction, whether the sellers like it or not, are necessary in this market.

Nov 07, 2008 03:08 AM

Kimberly - I am glad you like the show, I love showcasing the area.

Joan the feeling in mutual. I hope for the sake of many sellers the market will pick up, I suspect many have plans on hold.

Kim- you are so right.

Have a great weekend everyone.

Nov 07, 2008 04:17 AM

Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

Jennifer, very similar to other areas of the country. Quiet sales even with lowered prices. Maybe things will turn up soon.

Nov 07, 2008 08:37 AM

Gary - Yes thing will change at some point. Have a great weekend.

Nov 07, 2008 08:57 AM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Jennifer, rates did start to climb a little last week but this week the inched back down again. Hopefully they will go down a little more next week.

Nov 07, 2008 11:50 AM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Jennifer,

Looks like you really havea wider range in prices in Rhinebeck. Great slide show, you really have some interesting looking places.

Nov 07, 2008 03:08 PM

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

Jennifer, I love your slide show! Great photos! And wow! Those numbers could be a little unsettling! And they'll get better!

Nov 08, 2008 03:01 AM

Lanre-"THE REAL ESTATE FARMER" Folayan

Samson Properties - Bowie, MD

I don't make promises.I deliver results.SOLD HOMES

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.

Nov 08, 2008 09:31 AM

Lanette Branch

Taylor Properties - Bel Air, MD

Bel Air, MD Real Estate Agent

Hi Jennifer -- you are on top of your market! RHINEBECK Buyers would do well to have you on their side helping them through the home-buying process.

Nov 09, 2008 12:21 PM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Jennifer, You have done a great job of posting market reports for your area.

Nov 10, 2008 11:49 PM

Rhinebeck NY Real Estate Market Report October 2008

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Jennifer Fivelsdal

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