“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Jennifer Fivelsdal, Fishkill NY

Dutchess County Real Estate Market Report - June 2009

I think there is more optimism about the real estate market in Dutchess County. We are definitely seeing more potential buyers entering the marketplace. Could it be due to the fact there are more good buys out there ? or the time to take advantage of the $8000 tax credit is getting shorter? I have also noticed that some sellers are now adjusting to the shift in the market and is pricing with that in mind.

  • Good to see offers at the beginning of the month up by 13% over same time last year, going from 145 to 165
  • Another noteworthy number is the sales dollar volume which is down 28.9% from same time last year, going from $52,1666,238 to $37,114,625. The big drop is also due to the fact that the majority of sales have been on the lower end of the inventory range and this is noticeable when you compare last year average and median price to this year.

A View at Montgomery Place  a Histolrical Site

Breakdown of the numbers for single family Detached

Median Selling Price - $ 255,000 a decrease of 17.7% from June 2008

Average Selling Price - $ 296,917 a decrease of 16.9% from June 2008

Closed sales - 125 an increase of 14.4% from June 2008

Inventory at beginning of month - 1983 a decrease of 12.6% from June 2008

Days on market - 128 a decrease of 2.3% over June 2008

Absorption rate for June 2009 1983/125= 15.86 months to clear inventory

The condo townhouse market is doing well, sales is up a third over last year. Unlike the single family detached home market, the sale dollar volume is up over last year. This is not surprising as the drop in the average price was only down 9.0% over last year and sales was up.

Breakdown of the numbers for single family Attached

Median Selling Price - $ 185,900 a decrease of 17.4% from June2008

Average Selling Price - $ 200,184 a decrease of 9.0% from June 2008

Closed sales - 32 an increase of 33.3% from June 2008

Inventory at beginning of month - 429 an increase of 11.7% over June 2008

Days on market - 133 a decrease of 15.8% over June 2008

Absorption rate for June 2009 429/32= 13.4 months to clear inventory

****Source of data Mid-Hudson Multiple Listing Service In c (MHMLS)

Other 2009 Market Reports

___________________________________________________________________________________________________

Looking to purchase that first home or know of someone who will? Attend a free home buyer's seminar on Saturday July 11th

____________________________________________________________________________________________________

If you are looking to buy or sell real estate in the Hudson Valley ,or to get an answer to a real estate question please contact me.

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.

First- Time Home Buyers Seminar in Wappingers Falls NY on July 11th

househousehouse

To be sure, there is not much good economic news these days. However, this is truly a unique time period for first-time homeowners. Home-ownership is more affordable because of the drop in home prices, the availability of short sales and REO properties and the fact that mortgage rates are still low.

One of the reasons cited for some of the current housing and mortgage problems facing the community is the lack of pre-buying education. This issue is being taken seriously by various organizations and more emphasis is being placed on counseling consumers prior to purchasing.

If you are considering purchasing your home this year, maybe to take advantage of the $8000 tax credit, there is still time to get information about the mortgage process, the home buying process, the role of the attorney in the process, the inspection and and title work.

With this in mind you are invited to a free home buyers seminar.

Where: Trustco Bank - 1490 Route 9, Wappingers Falls NY 12590

When: July 11th from 2-4 PM

Refreshments: Yes

Please call ahead to reserve a seat

Sandy - 845-298-9315

Jennifer 845-249-2945

Presenters at the seminar are:

Evan Handel - Attorney

David Andrick - Inspector

Sandy Harvey-Pollard- Branch Manager Trustco Bank

Jennifer Fivelsdal - Associate Broker Keller Williams Realty Team

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team

845-249-2945 or 845-758-6842 jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.

Speechless Sunday - Working lighthouse seen in fog

Lighthouse seen in a fog

It was a treat to see the flashing light of the lighthouse in the fog; and I couldn't help thinking what a welcoming sight that must have been for sailors.

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team

845-249-2945 or 845-758-6842 jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.

So what is the price of blueberries this year?

Last year I wrote a blog about blueberry picking in Red Hook, NY and posted a short video. Well, late last week I received a call from someone who wanted to know the price of blueberries in my area. Immediately I asked her if she had been reading my blog, she said she Googled blueberries and my blog popped up. She told me she had first called the place but did not get a hold of anyone so she figured she would call me. We had a great conversation and after that I could not get blueberries off my mind.

It has been raining a lot lately, so outdoor activities have been placed on the back burner. Yesterday however, the weather was good. and since I would be visiting a relative today, who loves blueberries I decided to go blueberry picking.

I suppose with all the rain everything is very lush. You should see the size of the berries.

So if you are thinking of a family activity, this is a good time to go blueberry picking.

BlueberriesBlueberry bushes

Resource in Dutchess for picking fruits, berries and vegetables

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team

845-249-2945 or 845-758-6842 jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.

Congratulations! 2009 Red Hook High School Graduates

It is that time of year again when another group of Red Hook High School Students will start a new journey so congratulations to you for making it this far. And, not to be forgotten. the family members, friends and teachers who helped you along the way.

I know that this is an exciting time for you. I too had two children who graduated from Red Hook High School.

So, whether you plan to enter the workforce or go on to college, I want to wish you the best.

Red Hook High School is to be commended for making the list again and again of the Newsweek top 1500 top High Schools in the nation.

Red Hook High School

RELOCATINNG TO RED HOOK? LET ME INTRODUCE YOU TO RED HOOK CENTRAL SCHOOLS

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team

845-249-2945 or 845-758-6842 jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.