About Rhinebeck's Village Of Rhinebeck

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.

MUNICIPAL PARKING LOT- VILLAGE OF RHINEBECK

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

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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

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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

FIND YOUR DUTCHESS COUNTY HOME HERE

This is short notice but CNN will be in Rhinebeck today at the Terrapin, one of Rhinebeck's finest restaurant.

CNN will be interviewing Josh Kroner the chef and owner of Terrapin restaurant about his Hudson Valley's premier burgers and pairing with local craft brews.

The public is invited to attend the filming however seating will be based on a first come first serve basis. So stop by and try a terrific burger.

WHEN: Friday, February 27th

TIME: 11:30-1:00 PM

LOCATION: 6426 Montgomery Street, Rhinebeck, NY 12495 - You can't miss it, one of those landmark building right in the middle of the village of Rhinebeck

TELEPHONE: 845-876-3330

Jennifer Fivelsdal - Keller William Realty Team - 845-758-6842- jennifer@jfivehomes.com

Click here to start your Mid-Hudson Valley Home Search

HISTORIC MARKER NEAR RHINEBECK POST OFFICE

Rhinebeck like many other towns experienced a slow down in the real estate market in 2008. There was certainly enough inventory just fewer buyers not a big surprise considering the global economic turmoil.

Real estate will continue to be a big factor in the economy because people will need to buy and sell for various reason. Look at it this way, things go in cycles so there is bound to be a recovery. Did things come to a standstill this year? No! there were just fewer sales.

So think positive, and if you need to engage in a real estate transaction in 2009, yes you can achieve your goal. Just remember to price it right and seek professional advice of a Realtor who knows what is happening in the market, such as, the short sale or foreclosure down the block will affect your property.

Here is the real estate activities for the month of December compiled from data from the Mid Hudson Multiple Listing services on January 1st 2009

• Active listing 42

Average Listt Price: $929,426

Days on Market: 137

Average Square Feet: 2569

Average $ Square Feet: $362

• New listing 1

Average List Price: $725,000

Days on Market: 7

Average Square Feet: 1300

Average $ Square Feet: $558

• Accepted Offer 1

Average List Price: $879,900

Days on Market: 59

Average Square Feet: 2500

Average $ Square Feet: $352

• Accepted Offer Continue Showing 1

Average List Price: $450,000

Days on Market: 620

Average Square Feet: 2200

Average $ Square Feet: $205

• Price Change 1

Average List Price: $477,500

Days on Market: 270

Average Square Feet: 2800

Average $ Square Feet: $171

• Extended 1

Average List Price: $ 309,900

Days on Market: 206

Average Square Feet: 1913

Average $ Square Feet: $162

Village of Rhinebeck NY Real Estate Market Report December 2008

• Active listing 16

Average List Price: $509,169

Days on Market: 218

Average Square Feet: 2105

Average $ Square Feet: $242

• Accepted Offer 1

Average List Price: $305,000

Days on Market: 158

Average Square Feet: 1048

Average $ Square Feet: $295

• Accepted Offer Continue Showing 2

Average List Price: $309,450

Days on Market: 344

Average Square Feet: 1362

Average $ Square Feet: $227

• Price Change 1

Average List Price: $248,000

Days on Market: 287

Average Square Feet: 1200

Average $ Square Feet:$207

• Sold 2

Average List Price: $ 252,250

Days on Market: 94

Average Square Feet: 1388

Average $ Square Feet: $182

Average Sold: $3232,500

Average Sold $ Square Feet: $168

Street Sale Price

Violet Place $112,500

Trinity Place $352,500

My Blog Picks from Rhinebeck 2008

Rhinebeck Thai Restaurant

Rhinebeck Library

Rhinecliff Hotel

Rhinecliff waterfront

Rhinecliff Train Station

Rhinebeck Fair

Out with the boys

Rhinebeck Tennis Club

Rhinebeck real estate report November 2008

Rhinebeck real estate report January to October

By Jennifer Fivelsdal

Keller Williams Realty Team

845 758 5842