Red Hook Real Estate Market Report For November 2011

Red Hook NY market report

 

Before getting into the market trends in Red Hook for November, I just wanted to let you know Red Hook is having a Bicentennial celebration in 2012.  The kickoff was in September, as you will see in the video below.  During Hardscrabble day much oral history was video taped and will be shared on the Bicentennial website Red Hook 200, check back regularly for new videos and updates on events.

So, how was the Red Hook real estate market in November?  I am happy to inform you that it was a good month.  Between the town and village there were 11 sales.  8 of the 11 were under $300,000 which is very much in line with the rest of the county.  The most expensive home was listed at over $2,000,000 and sold for $1,800,000, a home with spectacular views of the Hudson River.  The million dollar sale made the average sale price come in over $400,000 and if you take it out of the equation the average would be under $300,000.

This November in Red Hook 7 more homes sold than last November and at that time the most expensive home sold was $3,000,000.

 

Other trends in the maket

• More homes listed for sales are also listed for rent because days on market is much longer for homes over $300,000.
• I noticed more deep reduction for homes in the higher price ranges, the intent being to pique more interest.

 

Below, you will find the more detailed report

 

Single Family detached market report for Red Hook NY in November 2011

Active	3	Offer	1
Average List	$679,667	Average List	$385,000
Average DOM	27	Average DOM	72
Average SQFT	30762606	Average SQFT	2606
Average $/SQFT	$261	Average $/SQFT	$ 113

 

Offer CS	1	Contract	8
Average List	$459,000	Average List	$528,975
Average DOM	223	Average DOM	150
Average SQFT	3400	Average SQFT	2667
Average $/SQFT	$147	Average $/SQFT	$121
		Average Sold	$439,250
		$/SQFT	$165

 

 

Address

Price

Spring Lake Road

$132,500

Rokeby

$163,000

Rokeby

$168,000

Linden Ave

$193,000

Trow Blvd

$285,000

Route 199

$360,000

Elm Street

$412,500

Woods RD

$1,800,000

 

Single Family detached Market Report for the Village of Red Hook NY

in  November2011

 

Active	2	Sold	3
Average List	$334,000	Average List	$261,300
Average DOM	31	Average DOM	136
Average SQFT	3000	Average SQFT	1190
Average $/SQFT	$111	Average $/SQFT	$220
		Average Sold	258,333
		Average Sold $/SQFT	$217

 

 

Address

Price

Fraleigh St

$190,000

Church St

$235,000

West Market ST

$350,000

 

 

 

 

 

Click to see Red Hook Reports from January - September

 

Data used to compile this report came from the Mid Hudson Multiple Listing Services and represent only homes listed on the MLS. Deemed reliable but not guaranteed

copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook Real Estate Market Report For Novemver 2011