Real Estate Blog - Red Hook NY Real Estate Market Report for February 2009

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Red Hook NY Real Estate Market Report for February 2009

Can't believe we are almost through the first quarter of 2009. So how did the real estate in Red Hook NY do during the month of February? At a quick glance in most categories the average list price is lower than they were about a year ago. For comparison here is the February 2008 market report.

Barn in the Hudson Valley

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

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CATEGORIES	AVG LISTING PRICE	DOM	AVG SQ FT	AVG $/SQ FT
55 Active	$ 485,744.00	172	2357	$206
4 New	$ 387,200.00	3	2718	$142
5 Price Chng.	$ 531,740.00	93	3350	$159
2 Offers-CS	$ 332,250.00	43	2023	$164
1 Pending	$ 299,000.00	81	2012	$149
3 Sold	$ 289,000.00	355	2016	$143
	AVG SOLD PRICE			AVG $/SQ FT
	$275,333			$137
STREET	SALE PRICE
Lasher	$199,000.00
Cambridge	$210,000.00
W. Kerley Cor	$417,000.00

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

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CATEGORIES	AVG LISTING PRICE	DOM	AVG SQ FT	AVG $/SQ FT
6 Active	$ 299,333.00	120	1408	$213
1 Contingent	$ 279,000.00	258	1221	$229
1 Pending	$ 149,000.00	67	898	$166
1 Sold	$ 229,900.00	126	1420	$162

	AVG SOLD PRICE	AVG $/SQ FT
	$198,000.00	$139
STREET	SALE PRICE
St. John ST	$199,000.00

Because of the challenging times we are facing some will find it difficult to pay the mortgage, if you find yourself in this position please address the issue immediately. There is help available to either help you save your home or it might be necessary to do a short sales, this is something your Realtor can help with. Helping someone find a solution to a distress situation benefits the entire community.

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

If you would like more in depth information please contact Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

Posted by Jennifer Fivelsdal, Fishkill NY on 03/07/2009 11:11 PM

Comments (11)

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Originally posted at: Rhinebeck Living: Red Hook NY Real Estate Market Report for February 2009

This post has been included in New York Information Dutchess County, NY Information Red Hook, NY Information
Post is included in group: Keller Williams
Post is included in group: Hudson Valley Real Estate and Mortgage Professionals

11 Comments on Red Hook NY Real Estate Market Report for February 2009

MAR

Hi Jennifer,

Great info for anyone buying or selling in Red Hook.

MAR

You have some snow piled up in that picture! Our snow is melted and it is going to be warm for a few days. Good information for your readers too!

Jennifer as usual you have kept your readers up to speed with what is going on in the local Real Estate market. I am sure this is much appreciated.

Thanks for your visit and comment on my blog. We got just a few flurries a couple days ago. Now it's 50 and sunny and windy -- I think we're about to enter the "season of the wind."

Lynda- I hope they find it useful. Thank you for always stopping by.

Susie - It actually warmed up. Today I was walking around without a coat.

Bill - I try; you do such a wonderful job.

Ann - I don't like the wind especially when I am drving. Glad to hear it warmed up.

Jennifer, that's a quaint barn. I hear things are slow in nearby Ulster County; hope they're better in Rhinebeck. Good luck at KW.

MAR

Jennifer, great market report for your area. Consumers love information like this. ;-)

Great information Jennifer. I really like your closing paragraph about letting people know there is help out there for them.

MAR

Our February statistics aren't out yet, but I'm expecting sales to be up and prices down for the eighth consecutive month. Buyers seem to be out in force here but foreclosures and short sales are keeping prices down.

MAR

Teri - That is so true.

Kim - I don't want people to bury their head in the sand, by acting quickily there could be solutions available.

Russel - It is my understanding that it is the foreclosures that has driven the number of sales upward and there is definitely a co-relation between the price and number of sales.

MAR

Jennifer - I can't believe how much snow you still have up there. Bet you can't wait for spring. Love the picture of the barn. Buyers and sellers will both appreciate your market report for the Red Hook area.

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