Ar_home_b_search
 

 

Red Hook NY Real Estate Market Report January 2009

 During January there were several snow storms as well as icy condition in Red Hook NY.  This did not mean that real estate came to a stand still; several new properties came on the market and about 6 others now have accepted offers.

For the month there was just one sale.  This 3454 square feet home was assessed $416,000 but sold as a short sale for only $230,000.  Such a sale can certainly have an impact on the marketplace, this is a property that will be used by appraiser when doing an appraisal of a similar home in the area.  The point is, a short sale or a foreclosure affects more than the people directly involved.

If you are having a problem paying your mortgage don't try to ignore the problem, be proactive by contacting your lender for assistance.Bard Campus

 

 RED HOOK REAL ESTATE MARKET REPORT - SINGLE FAMILY HOMES  JANUARY 2009

  *****************
         
          
CATEGORIES AVG LISTING PRICE DOM AVG SQ  FT    AVG $/SQ FT      
44 Active  $      403,621.00  179 2315 $174
5  New  $      851,780.00     5 2499 $342
2 Price Chng.  $      251,950.00    75 1961 $128
4 Extended  $      797,500.00  258 2748 $290
3 Contingent  $      249,750.00  161 1619 $154
3 Offer -CS  $      332,800.00    61 2084 $160
1 Pending  $      149,900.00    38  2176  $ 69
1 Sold  $      290,000.00  178  3454  $84
   AVG SOLD PRICE         AVG $/SQ FT
    $   230,000     $ 67
         
STREET        SALE PRICE      
Mill Road  $   260,000.00      
        
         
        
         
         
         

 VILLAGE OF RED HOOK REAL ESTATE MARKET REPORT - SINGLE FAMILY HOMES  JANUARY 2009

 
*********************
         
          
CATEGORIES AVG LISTING PRICE DOM AVG  SQ FT AVG $/SQ FT    
7 Active  $      298,843.00 100 1612 $185
2 Contingent  $      214,000.00 144 1060 $202
1 Pending  $      325,000.00   17 1248 $260
         
         

 There were no sale sales in the village however 2 properties now have accepted offers and 1 is in contract.

 ****Data for this report obtained from the MidHudson MLS System.

 PREVIOUS MARKET REPORTS

JANUARY 2008

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

www.jfivehomes.com or www.midhudsonhomevalue.com

|subscribe to Blog JFIVE HOMES REALTY LLC

 Copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook NY Real Estate Market Report January 2009

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

www.jfivehomes.com or www.midhudsonhomevalue.com

|subscribe to Blog JFIVE HOMES REALTY LLC

 

 

10 Comments on Red Hook NY Real Estate Market Report January 2009

FEB
04
2009
781,924 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

As usual Jennifer you are right on top of reporting what is going on in the local Real Estate market. Keeping my fingers crossed on a great Spring!

7:23am • #1
680,542 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Jennifer -- A very nice report -- It is clear, informative and easy to understand.

9:14am • #2
875,077 Points 35 Featured Posts Localism Sponsor Outside Blog

Jennifer, I can't believe the drop in price on that house!  And I would have thought this winter was impossible to sell or even have people list anything, I'm glad they're not waiting until Spring.

10:24am • #3
487,547 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jennifer: I am amazed at that short sale deal. WOW, I can't believe the bank went that low.  Thanks for sharing the stats in your area.

10:44am • #4
360,811 Points

Jennifer... you are right, until we can flush out the bank owned properties it does skew our comps...

12:53pm • #5
1 Featured Post Localism Sponsor

Jennifer- With weather likd you have, I am surprised you can do any business. I think of real estate as fair-weather business. Rather silly though. Some of us relocate in all kinds of weather fromn all parts of the world. It is not snowing everywhere in the world.

12:55pm • #6
197,544 Points 1 Featured Post Localism Sponsor Outside Blog Called Shot Master

Jennifer, your point is so important regarding the impact of this property on those that want/need to sell- waiting is probably not a good idea if it's critical to move. Appraisals are certainly going to change our reality, and sellers need this info!

4:26pm • #7
494,577 Points 15 Featured Posts Localism Sponsor Outside Blog

Hi Jennifer,

You're sure had your fair share of cold weather, but you all keep going. Good info on your Red Hook real estate report.

6:38pm • #8
892,036 Points 20 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Just getting home after 12 hrs, however I am still trying to kep up here.

Bill - with so many variables it is extremely important for agents, buyers and sellers to pay close attention to the market.  Yes I can't wait for spring, I don't want to shovel snow anymore.

Joan - I want to share the information in a way that it could be easily understood, according to you I achieved that goal.  Thank you.

Carole - Yes the winter has been rather harsh, however buying an selling still takes place.  I have had rather busy productive December -February but usually when it is a mild winter.

Kat - I don't know what the actual loan amount was but this property did have price reductions.  As stated the assessment was $416,000 that is the amount the taxes were based on.

8:30pm • #9
892,036 Points 20 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Kim - That is a point I wanted to drive home to sellers; short sales is just another piece that has to be considered when pricing a property for sale.  I like this phrase "there is nothing in real estate that price can't fix."

Eloise - Yes real estate is done in all types of weather because as humans our circumstances are always changing.

Laurie - I have been trying to get that message out, and your point about the effect of waiting should be carefully weighed.  Appraisal will definitely change many realities.

Lynda - Thank you.  Part of our duty is to share information on the marketplace.

8:39pm • #10

This blog does not allow anonymous comments

 
Jenpic21 Ambassador_large

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

Rhinebeck, NY

More about me…

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

Email Me

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


Listings

Links

Archives

RSS 2.0 Feed for this blog