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

By Jennifer Fivelsdal

Keller Williams Realty Team

845 758 5842