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Jennifer Fivelsdal Rhinebeck Real Estate (Serving Dutchess| Columbia|Ulster Ctys

Rhinebeck Real Estate Market Report January 2012

Rhinebeck NY Real Estate

In Rhinebeck 6 single family homes sold in the town and village during January 2012. The sales ranged from $168,050 to $635,000.

How did the number of single family homes sold in Rhinebeck compare to the same time last year? Last January 3 homes sold and they were all under $200,000. This January the number of homes sold doubled, and they were more expensive homes.

I personally think the warm winter is good for the local real estate market. Buyers are out looking for a home. The largest group are first time buyers and this is not a surprise for homes are more affordable and the interest rates have also fallen.

How can Rhinebeck home sellers benefit from this weather? Don't wait for spring to list your home. Get in the market so the buyers who are now looking will have more of a choice and you might just avoid that spring competition.

Rhinebeck Post office

The side of Rhinebeck Post Office

Rhinebeck NY Market Report For Single Family homes January 2012

Active 7 Offer 1
Average List $883,629 Average List $695,000
Average DOM 24 Average DOM 85
Average SQFT 2853 Average SQFT 2770
Average $/SQFT $310 Average$/SQFT $251

Contract 1 Sold 3
Average DOM $495,900 Average DOM $239,967
Average DOM 224 Average DOM 206
Average SQFT 2400 Average SQFT 2228
Average $/SQFT $207 Average $/SQFT 108
Average Sold $227,017
Average$/SQFT $102

Town of Rhinebeck NY - January 2012 Home Sales

ADDRESS PRICE
Rhinecliff Road $ 168,050
Primerose Hill $ 198,000
Cove Road $ 315,000

Village of Rhinebeck NY Market Report - January 2012

offer 2 Contract 1
Average List $194,000 Average List $664,900
Average DOM 262 Average DOM 202
Average SQFT 1572 Average SQFT 3122
Average $/SQFT $123 Average$/SQFT $213

Sold 3
Average List $461,300
Average DOM 125
Average SQFT 1671
Average $/SQFT $276
Average Sold $443,333
Average$/SQFT $265

Village of Rhinebeck NY January 2012 home sales

ADDRESS PRICE
Starr $ 320,000
Livingston Street $ 375,000
Chestnut Street $ 635,000

Data for report obatained from the Mid Hudson MLS

Copyright © by Jennifer Fivelsdal, all rights reserved- Rhinebeck Real Estate Market Report January 2012

Red Hook Market Report January 2012

Red Hook NY real estate market

In the month of January in Red Hook NY 3 homes sold, and what a spread in the price range $190,000 - $1,200,000. The $1,200,00 was a lovely stone house and farm from 1733. One house went under contract in the month of January, however there were 14 new listings.

Price Breakdown of the new listings

1 $100,000

3 $200,000 1 of the 3 was a short sale.

2 $300,000

6 $400,000

1 $500,000

1 $600,000

Based on market data for the county and the individual towns, most of the homes sold in January fell in the range below $300,000. What does that mean for you? If your Red Hook home is priced above this range your days on market will probably be longer, then again there is always an exception to the rule.

If you are thinking of selling I strong recommend you put your house on the market sooner that later. Before you do take steps to make it show ready. A real estate agent can give you some suggestions. I have always enjoyed helping clients get a sense of what changes to make, so that the home is more appealing and will sell for more.

Compare Red Hook January 2012 to 2011

Bard Science building

Bard College Science Building | Town of Red Hook

Red Hook NY Market Report For Single Family homes January 2012

Active 14 Contract 1
Average List $394,171 Average List $299,000
Average DOM 27 Average DOM 485
Average SQFT 2483 Average SQFT 1952
Average $/SQFT $159 Average$/SQFT $153

Sold 3
Average List $818,167
Average DOM 267
Average SQFT 2474
Average $/SQFT $331
Average Sold $603,333
Average$/SQFT $244

Town of Red HookNY - January 2012 Home Sales

ADDRESS PRICE
West Kerley Corners
$ 190,000
Fair Lane
$ 420,000
West Kerler Coners
$ 1,200,000

There were no sales in the Village of Red Hook in January

Village of Red Hook NY Market Report - January 2012

Active 1
Average List $264,900
Average DOM 29
Average SQFT 850
Average $/SQFT $312

Data for this report was obtained from the Mid Hudson MLS Services.


Copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook Market Report January 2012

Speechless Sunday I might be different but I hold my head high.

Last week I had the opportunity to run across lots of horses, such magnificent creatures. Within the group I saw one horse that looked different from the rest, a silver looking horse. What struck me about this horse is the way it stood out among the crowd, it was if he knew he was different but that did not stop him from holding his head high.

Horse

Hyde Park Market Report For January 2012

Hyde Park NY Real Estate

In Hyde Park during January 20 homes came on the market, just in time for the buyers out looking due to the mild weather. Looks like real estate will be having an early spring.

Break down of the 20 new listings in Hyde Park

9 under $200,000

7 in the $200,000's

2 in the $300,000's

1 in the $400,000

1 in the $500,000's

These homes ranged in age from 1825-2004 with square footage from 1362-3300.

I have mentioned in many Hyde Park report that this is a market with great buys, and a good commuter location.

How did this January compare to last year market?

In January 2011 28 new listings came on the market 8 more than this year. Last year sales was also 1 less than this year. The average sale price last year was $209,200 this January $246,100.


Hyde Park Single Family Home Sale For January 2012

Active 20 Offer 5
Average List $256,123 Average List $167,100
Average DOM 29 Average DOM 292
Average SQFT 2074 Average SQFT 1501
Average$/SQFT $123 Average$/SQFT $111

Contract
4 Sold
5
Average List $ 297,450 Average List $268,726
Average DOM 137 Average DOM 155
Average SQFT 2298 Average SQFT 2251
Average$/SQFT $129 Average$/SQFT $119
Average Sold $246,100
Average $/SQFT $109


Hyde Park Home Sale in January 2012

Address Price
Albany Post Road $138,000
Hillman Dr $190,000
Luty DR $225,000
Dutchess Hill Rd $262,500
Cedar Lane $415,000

Data for report obtained from the Mid Hudson MLS Services.

Copyright © by Jennifer Fivelsdal, all rights reserved-Hyde Park Market Report For January 2012

Dutchess County NY market report for January 2012

Dutchess County real estate market report

This is the first report for the new year and with this usually comes high expectations for the coming year.

During the month of January 88 single family homes sold, ranging from $50,000 for a short sale in Poughkeepsie to an 1820 estate for $1,225,000 in Clinton. There was also the sale of a historic farmstead from 1733 for $1,200,000 in Red Hook. Most of the properties sold were under $400,000, of the 88 only 16 were above $400,000.

How did this compare to last year same time?

Last year 91 single family homes sold just 3 more than this year.

Average price increased by 9.9% over last year going from $274,780 to $301,983

Staatburg | sheep

Median price decreased by 3.8% going from $262,000 to $252,050

Another number to watch is the days on market which increased by 32.2% going from 146 days to 193

Single Family Detached Homes Sales in Dutchess County in January 2012

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Month
Jan 11
$274,780 $262,000 91 146 1790 19.67 117
Dec 11 $284,794 $252,000 112 152 1892 16.89 121
Jan 12
$301,983 $252,050 88 193 1671 18.99 125


Dutchess County Graph

In the single family attached market (condos townhouses and co-ops) there was a drop of 21.4% going from 14 units in January 2011 to 11 this year. More significantly January sales were less than a third of last month's (December 2011) sales.

Average price increased 14.9% going from $174.031 in 2011 to $199,914 in 2012

The median saw a decrese of 17.2% going from $190,750 to $158,000.

Condos And Townhouses Report For January 2012

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Mon

Jan 11

$174,031 $190,750 14 130 399 28.5 25
Dec 11 $207,990 $171,000 31 147 403 13.00 20
Jan 12
$199,914 $158,000 11 141 369 33.54 17

Dutchess County RE Graph

Things Dutchess County home sellers should consider.

  • Wth the days on market increasing 32.2% in the single family detached market, it is important to price your home correctly. How can you do this? look at the supporting data provided to you by your agent, the market doesn't lie. It might shock you but those numbers represent what buyers are currently paying in the existing market.
  • We have had an unusually mild winter,and as a result buyers are out shopping. For some, the existing inventory is stale, so if you are thinking of selling your home don't wait for the official start of spring; get a headstart to avoid a more competitive market when everyone else decides to put their house on the market.

Buyer's Market

What a great time to be a buyer;the interest rate is low, recently under 4%, and prices on many homes have fallen. I have had the opportunity to help several first time buyers purchase homes they can now afford.

If you are looking for a home in Dutchess County I would welcome the opportunity to help you find that home.

Call today to get started 845-758-6842