Red Hook Real Estate Market Report - April 2009

During the month of April the Town of Red Hook and The villages of Red Hook and  Tivoli had  combined sales of 5 of which 2 were bank owned properties. 

The sale price ranged from $142,500 -272,500 which is similar to the rest of the county in the sense that  most of the sales are in the lower end of the market.

So, what can sellers do to to gain a competitive edge?

1. Make sure that your property is priced right
2. Take care of any issues that could be troublesome to buyers i.e. underground oil tank.
3. Provide access; there are still too many properties with restricted access.
4. Don't get offended by a low offer- keep negotiating.

Buyers it's time to act!

1. Only about 6 months left for you to take advantage of the $8000 tax credit -you have to close on a property by November 30th. 
2. Prices on many properties have come down
3. Low mortgage rates.

                                         Town of Red Hook Market Report - April 2009

ACTIVE 61         DOM  139     AVG LIST PRICE   $501,695    AVG SQFT  2533     AVG $/SQFT  $ 198

OFFERs   2          DOM  108    AVG LIST PRICE   $390,000    AVG SQFT  2308     AVG $/SQFT   $ 169

CONTRACTS  2  DOM  128    AVG LIST PRICE   $260,000    AVG SQFT   1986     AVG $/SQFT   $ 131

SOLD   3           DOM     52    AVG LIST PRICE   $251,633    AVG SQFT   1611     AVG $/SQFT   $ 156

                                                     AVG SOLD PRICE  $226,667                              AVG $/SQFT   $  141

STREET                                                                 PRICE

  Spring Lake Road                                               $ 165,000

  Vosburgh Road                                                    $ 242,500

  Fruitbud Lane                                                    $ 272,500

Village Of Red Hook Real Estate Market Report For April 2009

ACTIVE     9    DOM     99     AVG LIST PRICE   $334,878    AVG SQFT   1735    AVG $/SQFT   $ 193

SOLD          1  DOM    62    AVG LIST PRICE   $159,500    AVG SQFT   1050     AVG $/SQFT   $ 152

                                                AVG SOLD PRICE  $142,500                                    AVG $/SQFT   $136

STREET                                                                PRICE

 Amherst Road                                                   $ 142,500

  Village Of Tivoli Real Estate Market Report - April 2009

  ACTIVE    3   DOM  181     AVG LIST PRICE   $254,500    AVG SQFT  1306      AVG $/SQFT   $ 195

CONTRACTS  1 DOM  253   AVG LIST PRICE   $199,000    AVG SQFT   1200     AVG $/SQFT   $ 166

SOLD  1     DOM    40       AVG LIST PRICE     $249,000    AVG SQFT    1320     AVG $/SQFT   $ 189

                                                                      AVG SOLD PRICE  $235,000           AVG $/SQFT   $  178

STREET                                                                PRICE

 Feroe                                                                 $ 235,500

****Source of data Mid-Hudson Multiple Listing Service Inc (MHMLS)

If you are looking to buy or sell real estate in the Hudson Valley ,or to get an answer to a real estate question please contact me.

  Jennifer Fivelsdal- Broker JFIVE Homes Realty LLC - 845-758-6842- jennifer@jfivehomes.com  and www.jfivehomes.com

                    SEARCH FOR A HOME IN THE MID HUDSON VALLEY

 **** Informational only; deemed reliable but is not guaranteed.

 ***** Rhinebeck market report - April 09