Red Hook, Dutchess County, NY - Homes for Sale-December Market Analysis

Red Hook, Dutchess County, NY - Homes for Sale

December 2007 Market Analysis

Currently (as of January 1, 2008) in the Red Hook area of Dutchess County which includes the Town of Red Hook, the Village of Red Hook and the Town of Milan there are 98 homes for sale.  68 homes for sale are located in the Town of Red Hook, 10 are in the village of Red Hook and 20 are in the Town of Milan.  A video tour of Red Hook and the ability to search for homes in the Red Hook area are available to you by clicking on the links in this article.

I have displayed the data I collected in table format below for easy reading.  The strict average and median prices are increased by a few high end homes in each area.  For that reason I have included the average and median prices excluding the home over $1,000,000.  I believe this better reflects the housing market in our area.

Homes Currently for Sale Average & Median Prices

Homes Currently for Sale - Price Ranges

Homes Closed in December

Number of Pending Sales

At the current rate of closings we have an 11 month supply of homes on the market as of January 1, 2008.

Just a quick note on the local real estate market.  Our area of Northern Dutchess and Southern Columbia counties have not seen the decline in prices as many of the areas of the country have experienced.  Our prices have dropped in the last year but most homes are still selling within 10% of asking price.  A great house at a very good price can be purchased right now but don't expect prices that are well below the asking price to be accepted.  We are not over built in our area and the demand for good housing remains strong.

What do these numbers mean for buyers?  For one thing, you have a greater number of choices than buyers have had in a long time in our area.  Secondly, you are most likely in a good position for negotiating a very fair price.  For a copy of a Free Buyer's Guide sent via email to you about purchasing a home in the Mid Hudson Valley click on the free buyer's Guide Link above. 

What do these numbers mean for sellers? First and foremost your home must be priced correctly to sell.  Call or email me for a no obligation, realistic market analysis of your home. Buyers have a lot to choose from and can move on from anything that is overpriced. Second, now is the time to be sure your home is in tip top condition.  Make those repairs, keep everything looking fresh and clean and seriously consider hiring a Home Staging expert to help you prepare your home for sale.

For additional market report information you can go to my colleague's website at http://www.chrishackenbrockrealestate.com.preview.z57.com/professional4.shtml

**Statistics calculated by Diana Corcoran, ABR based on data from MHMLS.

The information herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this website, at any time or from time to time. All information should be independently verified by the recipient of such data. This data is not warranted for any purpose. The use of these search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.

For all of your real estate needs in the greater Rhinebeck - Red Hook, NY area contact:

Diana Corcoran, Associate Broker, Accredited Buyer Representative

Associate Broker

Direct Phone: (845)224-5238   href="http://www.realestaterhinebeckny.com/www.realestaterhinebeckny.com">http://www.realestaterhinebeckny.com/www.realestaterhinebeckny.com

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