Real Estate Blog - Rhinebeck NY Real Estate Market Report October 2008

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Rhinebeck NY Real Estate Market Report October 2008

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.

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

Posted by Jennifer Fivelsdal, Fishkill NY on 11/07/2008 07:39 AM

Comments (15)

Market Report in the ActiveRain Channel

rhinebeck market report, 12572, homes for sale, mortgage rates

Originally posted at: Rhinebeck Living: Rhinebeck NY Real Estate Market Report October 2008

This post has been included in New York Information Dutchess County, NY Information Rhinebeck, NY Information
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15 Comments on Rhinebeck NY Real Estate Market Report October 2008

NOV

2008

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

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.

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 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.

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.

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

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

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.

Hi Jennifer,

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

NOV

2008

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

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

2008

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

2008

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

NOV

2008

Jennifer- Love your show! It does a great job of promoting your property. I am getting to know Rhinebeck. -:)

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