We are approaching the time of year when typically many buying decision will be made.  For parents one of the consideration will be the school district; for seniors it might be downsizing to a more manageable home.  The inventory in Rhinebeck offers homes from $79,000 to $4,500,000.  There are about 18 homes under $400,000 which is the price range that is most active and the range in which most first time buyers will be looking.  For first time buyers keep in mind that you can make use of the $8000 tax credit if you purchase a home by December 1st 2009.

 Village of Rhinebeck municipal parking lotMUNICIPAL PARKING LOT- VILLAGE OF RHINEBECK

 

 TOWN OF RHINEBECK REAL ESTATE MARKET REPORT - SINGLE FAMILY HOMES  FEBRUARY 2009

  *****************
         
          
CATEGORIES AVG LISTING PRICE DOM AVG SQ  FT    AVG $/SQ FT      
36 Active  $      787,635.00  154 2693 $292
1  New  $    4,500,000.00      1 8600 $523
1 Contingent  $       229,900.00  240 1056 $218
6 Price Chng.  $       385,450.00  102 2560 $151
1 Extended  $       385,000.00  114 2288 $168
1 Contract  $       925,000.00  178 4244 $218
          
         

 VILLAGE OF RHINEBECK REAL ESTATE MARKET REPORT - SINGLE FAMILY HOMES  FEBRUARY 2009

  *********************
         
          
CATEGORIES AVG LISTING PRICE DOM AVG  SQ FT AVG $/SQ FT    
13 Active  $      482,531.00 278 2290 $211
2 Contingent  $      200,225.00 114 2209 $  91
1 Extended  $      449,000.00 166 2200 $204
2 Sold  $      323,500.00 138  1369 $236
         

  AVG SOLD PRICE         AVG $/SQ FT
    $   302,500.00     $ 221
 STREET  SALE PRICE      
Patt St  $   295,000.00      
Huntington RD.  $   310,000.00      

 In the village of Rhinebeck  there were 2 sales; active listings ranged from $248,000 to $995,000.

Here is the February 2008 Market Report for comparison.

 

 ****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

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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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7 Comments on Rhinebeck NY Real Estate Market Report for February 2009

MAR
11
2009
1,343,626 Points 192 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hello Jennifer. You do great market reports. I like that you include the avg sold price and size for comparison to the listings data for that added perspective.
5:57pm • #1
1,388,813 Points 255 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jennifer great job in including the $8,000 Tax Credit available to first time home buyers in you Market Report.
9:21pm • #2
410,521 Points 17 Featured Posts Outside Blog

Jennifer, good reminder to your buyers to utilize the $8,000 tax incentive. Very nice market report as well. ;-)

Pepper
9:56pm • #3
MAR
12
2009
1,174,519 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Gary - By doing that it gives the reader more of a chance to truly see the comparison.

George - It is my hope consumers planning to buy will do so in time to make use of this credit.

Teri - Thank you, more buyers have been asking about this credit.
4:45am • #4
1,481,005 Points 46 Featured Posts Outside Blog Called Shot Master

Jennifer Great market report. Good information for consumers . They have a large inventory of homes to select from
5:55am • #5
303,407 Points 56 Featured Posts Localism Sponsor Outside Blog

Jennifer - Thanks for posting this market report. With the first time buyer incentive, 1additional hour of daylight and more warm weather to come - our market can only improve.  
6:36pm • #6
MAR
14
2009
450,944 Points 27 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jennifer - Great market report. With the wide price range in the Rhinebeck area, buyers have a great selection to choose from.  The added incentive of the $8,000 first time homebuyer tax credit should help to boost sales.
9:46am • #7

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Dutchess County homes for sale | Dutchess County Communities, Jennifer Fivelsdal LIC. R.E. Broker ( JFIVE Home Realty LLC |Columbia,Dutchess,Ulster Counties) Ambassador_large

Dutchess County homes for sale | Dutchess County Communities

Jennifer Fivelsdal LIC. R.E. Broker

Rhinebeck, NY

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JFIVE Home Realty LLC |Columbia,Dutchess,Ulster Counties

Address: Rhinebeck,East Fishkill,Poughkeepsie,Hudson, Stone Ridge, Woodstock,Hyde Park,Beacon,Wappingers Falls,Saugerties,Germantown , Red Hook, NY, 12571

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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 www.jfivehomes.com


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