Rhinebeck NY real estate market update for October 2018

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

 

 

Rhinebeck real estate update for October 2018

Rhinebeck NY real estate update for October 2018

 

 

 

Rhinebeck NY real estate home sales during October 2018 for single-family detached revealed eight homes sold, this was two more than in October 2017.   These homes had sale price to list price of ninety-five percent and ranged in price from $232,000 to $700,000.

The average sale price was $ 443,500, this was higher than the average sale price of $350,583 last October. This October the median price was $470,000 which was an increase over October 2017 when the median was $328,500.

Homes sold had two to five bedrooms, these were built between 1840 and 1951 with square feet from 1400 to 4160

Days on the market before selling was 121 an increase of 22 days over the same time last year.

Comparison Rhinebeck NY home sales October 2018 to October 2017

Comparisons

                    2017

                 2018

Average List

                 $ 361,317

            $ 468,363

Average Sold

                 $ 350,583

            $ 443,500

Median List

                 $ 332,000

            $ 497,000

Median Sold

                 $ 328,500

            $ 470,000

Sales

                       6

                   8

DOM

                      99

                 121

Inventory added during the month ranged in price from $199,000 to $ 1,050,000. These homes were built between 1825 and 2019 with the smallest house 1100 square feet and the largest 3484.

Seven homes received accepted offers ranging in price from $299,000 to $1,395,000.  The homes were built between 1860 and 1981 with three and four bedrooms and square footage from 1387 to 3614

Five homes went under contract, ranging in price from $ 149,000 to $ 7,000,000. These homes were built between 1815 and 1951 with square feet ranging from 472 to 5000  

Rhinebeck real estate activities in October 2018

Active

4

Avg. List

$ 362,000

Avg. DOM

11

Avg Sq. Ft

1446

Avg $/Sq. Ft

$250

 

 

New

2

Avg. List

$937,500

Avg. DOM

1

Avg Sq. Ft

3185

Avg $/Sq. Ft

$294

 

 

Offer

4

Avg. List

$ 643,750

Avg. DOM

100

Avg Sq. Ft

2105

Avg $/Sq. Ft

$ 306

 

 

Offer CS

3

Avg. List

$ 466,333

Avg. DOM

86

Avg Sq. Ft

2483

Avg $/Sq. Ft

$188

 

 

Contract

5

Avg. List

$ 2,240,780

Avg. DOM

124

Avg Sq. Ft

2950

Avg $/Sq. Ft

$759

 

 

Sold

8

Avg. List

$468,363

Avg. DOM

121

Avg. Sq. Ft.

2523

Avg.$/ Sq. Ft.

$186

Avg. Sold.

$443,500

Avg. $/Sq. Ft.

$176

 

 

Rhinebeck NY home sales October 2018

Location

Sale Price

Sepasco Beach Dr

   $ 232,000

9 Lamoree Rd

   $ 245,000

Wheeler Rd

   $ 291,000

Reeder

   $ 455,000

Grinnell St

   $ 485,000

Slate Quarry Rd

   $ 525,000

Button Wood Ln

   $ 615,000

Route 308

  $ 700,000

   

Village Rhinebeck NY real estate  for October 2018 

No sales of single family detached homes were recorded in the Village of Rhinebeck NY during October based on data from the Mid Hudson MLS

The homes added to the inventory ranged in price from $329,900 to $795,000 with two to three bedrooms.  These homes built between 1930 and 2000 had square feet from 1348 to 1981.

One house built in 1958 received an accepted offer (see chart)

Comparison Rhinebeck NY real estate October 2018 to October 2017

Comparisons

                    2017

                 2018

Average List

                 $ 422,500

                  $ -

Average Sold

                 $ 412,625

                  $ -

Median List

                 $ 374,500

                  $ -

Median Sold

                 $ 363,750

                  $ -

Sales

                       4

                     -

DOM

                     123

                     -

Village of Rhinebeck real estate  activities in October 2018

Active

2

Avg. List

$ 562,450

Avg. DOM

23

Avg. Sq. Ft.

1664

Avg $/Sq. Ft

$338

 

 

Offer CS

1

Avg. List

$ 425,000

Avg. DOM

14

Avg. Sq. Ft.

1813

Avg $/Sq. Ft

$234

 

Mid Hudson MLS was the source for data used in the preparation of this report. Information deemed reliable but not guaranteed.  (late reporting can result in a change in the number of sales)

 

 

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Rainmaker
1,468,922
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

It sounds as though the Rhinebeck market is healthy! Buyers or sellers should be calling you!

Nov 21, 2018 03:05 AM #1
Rainmaker
5,118,603
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jennifer Fivelsdal what a great difference in numbers from 2017...  good marketplace.... and wishing you a Happy Thanksgiving....

Nov 21, 2018 03:23 AM #2
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I just stopped by to wish you and your family Happy Thanksgiving. May the good things of life be yours , not only at Thanksgiving but throughout the coming year.

Nov 21, 2018 04:29 AM #3
Rainmaker
3,363,566
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jennifer. Thanks for the update. May you and your family have a great holiday!

Nov 21, 2018 05:41 AM #4
Rainmaker
1,144,605
Joyce Marsh
Regal | Christie's International Real Estate - Ormond Beach, FL
Regal Christie's International Real Estate

Good morning. Your real estate market reports are always helpful for those looking to buy or sell. Thanks for updating us today and have a wonderful holiday too 

Nov 21, 2018 06:51 AM #5
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3,441,146
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Jennifer! It looks like the Rhinebeck market is strong and I hope it has continued into the New Year.

Have a wonderful weekend!

Feb 15, 2019 02:07 PM #6
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