No increase in home sales in Rhinebeck Village in February

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

Village of Rhinebeck real estate market update For February

The sale of single family homes in the Village of Rhinebeck was the same as last February, there were 2 sales.  The median an average prices were both higher last year. (See chart below) Sales price to List price came in at 97 percent.

This February there were 4 offers, and 2 contracts. The price of these homes ranged from $229,000 to $529,000.

The homes listed for sale during the month ranged in price from $249,000 to $795,000 and were mostly 3 bedroom homes.

Home sales in Rhinebeck Village

 

 Village of Rhinebeck NY real estate

Comparison               2015                                         2016

Average List           $711,250                                  $589,000

Average sold          $673,750                                  $565,000

Median List           $711,250                                   $589,000

Median sold          $ 673,750                                   $565,000

Sales                                      2                                             2

DOM                                  131                                          141

Price range          $560,000 – $787,500      $560,000 – $570,000

Village of Rhinebeck NY real estate  February 2016

Active

4

Average List

$403,351

Average DOM

10

Average SQ.FT

1894

Average $/SQ.FT

$213

 

Offer

1

Average List

$529,000

Average DOM

54

Average SQ.FT

1471

Average $/SQ.FT

$360

 

Offer CS

3

Average List

$290,000

Average DOM

166

Average SQ.FT

1428

Average $/SQ.FT

$203

 

Price Change

1

Average List

$229,000

Average DOM

33

Average SQ.FT

1144

Average $/SQ.FT

$200

 

Contract

2

Average List

$422,000

Average DOM

92

Average SQ.FT

2397

Average $/SQ.FT

$176

 

 

 

Sold

2

Average List

$589,000

Average DOM

141

Average SQ.FT

2095

Average $/SQ.FT

$281

Average Sold

$565,000

 

Average s/sqft

$ 270

 

 

 Village of Rhinebeck Home sales February 2016

Street

Price

 Livingston St.

 $ 560,000

 

 Rockefeller L

$  570,000

  

Inventory is low in the Village of Rhinebeck  so listing are needed.

If you are thinking of selling your home, now is the time to get a market analysis

 

Data used prepare this report was obtained from the Mid Hudson MLS.  Information deemed reliable but not guaranteed.

 

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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jennifer Fivelsdal - interesting to note that median and average prices in 2016 are lot less than 2015.

Mar 21, 2016 02:54 PM #1
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There might be a bit of a drought this quarter coming up, but these things come in cycles.

Mar 21, 2016 02:59 PM #2
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's definitely a sellers market that way. We'll see what happens in the next six months. Praful Thakkar

Mar 21, 2016 03:00 PM #3
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jennifer your market is similar to mine 2014, 2015 was pricier and we dropped in February in certain parts of Los Angeles too, Endre

Mar 21, 2016 04:32 PM #4
Rainmaker
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Kenneth Cole
Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com... - Staten Island, NY
NYS Licensed Real Estate Salesperson

Sale prices here in Staten Island are up about 5% higher then in 2015.

Great info Jennifer, thanks.

I'll be back in the area again this summer for a 3rd time.  Aerodrome, Hyde Park and the beautiful landscape always draw my wife and I.  This summer we will bring a grandson with us.

Mar 21, 2016 09:25 PM #5
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Praful March could be the opposite. Not sure how this year is going to play out so many variables.

Laura that is true.

Endre glad we are not the only one:)

Kenneth glad to  hear your price rose in Staten Island.  Please call when you are in the area again.  Would love to meet you and family for lunch.

 

Mar 21, 2016 09:57 PM #6
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Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Jennifer you always provide a great market update and even though sells haven't changed year over year it goes to show owners just don't move from beautiful Rhinebeck Village.

Mar 22, 2016 02:55 AM #7
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