March 2009 Market Report Wappingers Falls, NY
For Sale - $299,000 4 Bedrooms, 2 Baths!
There is a large selection of homes for sale in the Wappingers Falls, NY This report includes both the town and village. Did you know Wappingers Falls is home to the sixth oldest library in New York State? The Grinnel library was built in 1887.
As of April 1, 2009 there are 118 homes for sale in Wappingers Falls. The homes range in price from $150,000 to $2,150.000 dollars. That is quite a range! Of the 118 homes for sale in Wappingers Falls 3 are priced at more than $1,000,000.
Using all the homes currently for sale in the Wappingers Falls the statistics show the following:
- Average listing price is $428,581
- Average Days on Market (DOM) is 118
- There were 3 homes closed on in March
- 23 houses currently has an Accepted Offer
- There are currently 5 homes under contract with their closings pending
- The average days on the market for the Sold homes was 88 days
What does this mean for you?
If are currently trying to sell your home in the Wappingers Falls, NY real estate market you have a lot of compeitition. Your home must competively priced, well advertised, easy to show and it must be in tip top condition. Decluttering, making minor repairs, freshening the paint with updated neutral colors and letting the light shine in will all go a long way to making your home stand out from the rest.
What does this mean if you are looking to buy a home in Wappingers Falls, NY ? You have a great selection to choose from. It is still a buyer's market so with the help of a good real estate agent you are in an excellent position to negotiate. As a buyer you must be aware the mortgage market is changing rapidly. You owe it to your yourself and to sellers to be sure you are preapproved for a mortgage and that you have enough of a down payment to get that final committment from your mortgage company. Be sure to check with your lender to see if they have established a minimum percentage of selling price for your down payment.
FHA loans which require only a 3.5% down payment are available for buyers with good credit. Interest rates are at historic lows and the new First Time Home Buyer's Tax Credit can be $8,000 back in your pocket!
Homes are still selling in the Mid Hudson Valley area so if you are ready to buy or sell do your home work and get out there and find the home of your dreams!
The home shown above is listed by Ann Scarano, Realty Executives, Williams-Sykes Realty. Give Ann a call at 845-485-9960 for more information on this great house.
Statistics used in this blog post were obtained from Mid Hudson MLS.
Give me a call if I can help you with selling or buying a home in the Rhinebeck, NY area. You can reach me on my cell phone at 845-224-5238, my office at (845)876-0473 or check out my website at www.realestaterhinebeckny.com
Disclaimer: The information provided herein is supplied by Diana Corcoran and is subject to change without notice. The "Rhinebeck/Red Hook Real Estate Blog by Diana" does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on this blog represent the opinions and ideas of the author. This blog does not express the views of Realty-Executives Williams-Sykes Realty , Inc or those of the principal broker.
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