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
| ********************* | ||||
| 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
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Helping buyers and sellers on and offline with their real estate needs in Dutchess ,Columbia and Ulster Counties. Providing timely market data to help them with their decision to buy or sell.
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Hello Jennifer. You do great market reports. I like that you include the avg sold price and size for comparison to the listings data for that added perspective.
Jennifer great job in including the $8,000 Tax Credit available to first time home buyers in you Market Report.
Jennifer, good reminder to your buyers to utilize the $8,000 tax incentive. Very nice market report as well. ;-)
Gary - By doing that it gives the reader more of a chance to truly see the comparison.
George - It is my hope consumers planning to buy will do so in time to make use of this credit.
Teri - Thank you, more buyers have been asking about this credit.
Jennifer Great market report. Good information for consumers . They have a large inventory of homes to select from
Jennifer - Thanks for posting this market report. With the first time buyer incentive, 1additional hour of daylight and more warm weather to come - our market can only improve.
Jennifer - Great market report. With the wide price range in the Rhinebeck area, buyers have a great selection to choose from. The added incentive of the $8,000 first time homebuyer tax credit should help to boost sales.