Rhinebeck NY Real Estate Market Report November 2008

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Rhinebeck NY Real Estate Market Report November 2008

Street of Rhinebeck

We are fast approaching the end of 2008 and many homeowners are still hoping to get their home sold. The number of sales is still small in comparison to listings; however just last week interest rate dipped below 6% so this might entice more buyers into the market.. Like other communities, this area too has had to confront foreclosure; this recent blog by E. Jeffrey Dolfinger shows no one is immune to being foreclosed on.

Here is the real estate activities for the month of November compiled from data from the Mid Hudson Multiple Listing services on December 1st.

Active listing 48

Average List Price: $853,415 - It is this high because of 8 properties price over 1 million.

Days on Market: 143

Average Square Feet: 2969

Average $ Square Feet: $287

New listing 2

Average List Price: $642,500

Days on Market: 6

Average Square Feet: 2794

Average $ Square Feet: $230

Accepted Offer 2

Average List Price: $664,950

Days on Market: 308

Average Square Feet: 2350

Average $ Square Feet: $283

Price Change 1

Average List Price: $264,000

Days on Market: 25

Average Square Feet: 1000

Average $ Square Feet: $264

Sold

Average List Price: $399,000

Days on Market: 162

Average Square Feet: 2800

Average $ Square Feet: $143

Average Sold: $399,000

Average Sold $ Square Feet: $143

Village of Rhinebeck NY Real Estate Market Report November 2008

Active listing 27

Average List Price: $520,074

Days on Market: 223

Average Square Feet: 2171

Average $ Square Feet: $240

Accepted Offer 1

Average List Price: $387,000

Days on Market: 118

Average Square Feet: 2105

Average $ Square Feet: $184

Jennifer Fivelsdal -Licensed Real Estate Broker

JFIVE HOMES REALTY LLC 845-758-6842

www.jfivehomes.com or www.midhudsonhomevalue.com jennifer@jfivehomes.com

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Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Posted by Jennifer Fivelsdal Rhinebeck Real Estate (Serving Dutchess| Columbia|Ulster Ctys on 12/01/2008 10:55 AM

Comments (12)

Rhinebeck Real Estate in the Real Estate Market Channel

rhinebeck market report, rhinebeck ny, home sale, foreclosure in rhinebeck, average home price, village of rhinebeck

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

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12 Comments on Rhinebeck NY Real Estate Market Report November 2008

DEC

2008

HI JENNIFER!

That's a real crisp, clean photo! You should enlarge it and hang it!

Yvette I am so glad you like the photo, thanks for the compliment.

Hi Jennifer,

Great report. I loved the photo too, I don't think I've ever seen a photo of your town before. Looks very quaint!

DEC

2008

Jennifer I loved the photo you have included in your Rhinbeck Real Estate report. What a beautiful shot. So what does the data tell you? Is the market on the upswing?

Jennifer,

Thanks for the update, you are on top of your market.

The street photo looks like a great place.....have a great day.

Lynda - Rhinebeck is a beautiful town, it is usually very busy however I took this on December 25th 2007.

Bill the secret to this picture was taking the shot on December 25th, the streets were deserted.

The data indicates sales still lagging but the hope is with the recent drop in mortgage rate more buyers will enter the market and there is certainly a variety inventory.

Dan - it is so important to know how the market is doing and I have readers who look forward to this information.

You should visit sometime, we have lots of fine restaurants and historical sites in the area.

Hey Jennifer-

I look at the price per square foot for the homes and wish Manhattan could have those prices for a few weeks. All of the inventory would completely sell out. I like the icons you have at the bottom of your post concerning linking your website. I have just started using that feature and will do it consistently from here on out.

Jennifer - Thanks for the report. Rhinebeck is the gem of Dutchess County!

DEC

2008

Morgan I know you would have no problem moving inventory at that price per square feet. The icons are great you can direct people to your site and property search.

Carol - I couldn't agree more.

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Jennifer Fivelsdal Rhinebeck Real Estate (Serving Dutchess| Columbia|Ulster Ctys

Rhinebeck, NY

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LIC. R.E. Broker JFIVE Home Realty LLC

Address: 162 Deer Run Road, Red Hook, NY, 12571

Office Phone: (845) 758-6842

Cell Phone: (845) 594-9947

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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

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