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How many houses sold in my Dutchess County town in 2008?

So how many homes sold in my neighborhood? this is a common question asked. Many thinking of selling this spring wants to get a sense of the market.

In 2008 there were 438 less closing than in 2007. You might have noticed many for sales signs around town, however careful examination of the numbers point to the fact that almost all towns saw a decrease in the number of sales. For example in Red Hook there were 63 sales in the town and 3 in the village in 2007, however in 2008 only 37 in the town and 8 in the village. Fishkill on the other hand saw a small increase going from 87 to 99.

Most towns saw a drop in the average and median price. Rhinbeck was one town that saw an increas in both average and median prices; going from an average of $580,774.00 in 2007 to $645,260.00 and a median of $389,000 to $555,000.00 however here too sales went from 37 to 25.

It is my hope this chart will answer some of your questions.

Dutchess County 2008 Market Report By Town

SINGLE FAMILT DETACHED

Zipcode	Town	Sales	Avg. Price	Median	Totals $
12501	Amenia	17	$307,576.00	$250,000.00	$ 5,228,792.00
12508	Beacon	63	$258,669.00	$242,500.00	$16,296,147.00
12570	Beekman	91	$381,068.00	$385,000.00	$34,677,188.00
12603	C/Poughkeepsie	90	$242,441.00	$235,000.00	$21,819,690.00
13323	Clinton	31	$552,655.00	$385,500.00	$17,132,305.00
12522	Dover	45	$274,140.00	$240,000.00	$12,336,300.00
12533	East Fishkill	192	$422,965.00	$405,000.00	$81,209,280.00
12524	Fishkill	99	$321,372.00	$315,000.00	$31,815,828.00
12538	Hyde Park	121	$220,128.00	$226,000.00	$26,635,488.00
14530	Lagrange	109	$368,147.00	$330,000.00	$40,128,023.00
12571	Milan	10	$421,405.00	$319,000.00	$ 4,214,050.00
12546	North East	9	$706,067.00	$370,000.00	$ 6,354,603.00
12564	Pawling	25	$865,398.00	$362,500.00	$21,634,950.00
12567	Pine Plains	13	$367,192.00	$285,000.00	$ 4,773,496.00
12569	Pleasant Valley	62	$292,568.00	$299,400.00	$18,139,216.00
12601	Poughkeepsie	292	$284,632.00	$264,900.00	$68,880,944.00
12571	Red Hook	37	$345,284.00	$280,000.00	$12,775,508.00
12572	Rhinebeck	25	$645,260.00	$555,000.00	$16,131,500.00
12581	Stanford	21	$459,507.00	$370,000.00	$ 9,649,647.00
12585	Union Vale	32	$430,522.00	$380,000.00	$13,776,704.00
12524	V/Fishkill	8	$290,275.00	$265,000.00	$ 2,322,200.00
12545	V/Millbrook	6	$691,092.00	$429,050.00	$ 4,146,552.00
12546	V/Millerton	4	$213,625.00	$207,250.00	$ 854,500.00
12564	V/Pawling	5	$326,800.00	$320,000.00	$ 1,634,000.00
12571	V/Red Hook	8	$254,750.00	$238,000.00	$ 2,038,000.00
12572	V/Rhinebeck	15	$365,720.00	$352,500.00	$ 5,485,800.00
12583	V/Tivoli	6	$306,083.00	$309,000.00	$ 1,836,498.00
12590	V/Wapp. FLS.(PK)	5	$273,600.00	$265,000.00	$ 1,368,000.00
12590	V/Wapp. FLS.(WF)	20	$277,910.00	$239,900.00	$ 5,558,200.00
12590	Wappinger	106	$334,793.00	$311,500.00	$35,488,058.00
12578	Washington	12	$621,369.00	$410,000.00	$ 7,456,428.00

Total 2008 1,529 $531,797,895.00

2007 1,927 $761,666,228.00

Difference 438 $229,868,333.00

Dutchess County Market Report by Towns for 2006-2007

*****Data for report obtained from the Mid-Hudson MLS and reflects only sale of properties going through the Multiple listing service.

Whether you are considering buying or selling contact Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

To find a home in Dutchess County or to find out what your Dutchess County home is worth click one of the buttons below.

Posted by Jennifer Fivelsdal, Fishkill NY on 02/09/2009 12:54 PM

Comments (10)

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Originally posted at: Rhinebeck Living: How many houses sold in my Dutchess County town in 2008?

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10 Comments on How many houses sold in my Dutchess County town in 2008?

FEB

Yikes that is a lot less closings. Hopefully things will get better this year!

Jennifer this Market Report is a great example of how Real Estate is local. For example even though Dutchess County as a whole had a decrease in sales, one of the town Fishkill had an increase.

Very interesting -- what do you think accounts for those towns with increases? We are all holding our breath and hoping that the maket wakes up this spring.

Bill - Here is hoping we will gain some grounds this year.

George - Yes even within a county the market varies by town. Real estate is truly local.

Joan - I am not sure there was a particular reason. Fishkill however is located in the southern part of the county and a good commuter location to Westchester, you can also get the train to NYC this could have been a consideration since we were dealing with high gas price.

Jennifer - As interest rates became more and more attractive in December, sales were actually up from 2007 by 29%.

FEB

Carol - with the drop in interest rate there is an upswing. This data reflects listings only from the MLS and addresses the entire 2008 which showed 438 less sales than in 2007. 2007 was also down from 2006 see the attached data Dutchess County Market Report by Towns for 2006-2007

Jennifer,

The numbers don't lie. This is great information to provide to your clients in your local area. I recently had a client with whom I shared this type of information. She looked at me as serious as can be and said, I don't care what the numbers say, my house is worth $X....which happened to be $20K more than recent sales :)

Great Job

Make This Your Best Year Ever

Leander

Leander - Some people will always be in denial. I had a conversation this week with a senior and was very impressed with her understanding of the market, as well as how realistic she was about things.

FEB

Jennifer, Good market report. Sorry the number of homes sold decreased. I hope it will pick up.

FEB

Jennifer,

That is good info about your area, thank you for sharing. Johnathan

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