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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.
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
___________________________________________________________________________________________________ ____________________________________________________________________________________________________ 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. 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. |
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
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.

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.
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.
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.
Resource in Dutchess for picking fruits, berries and vegetables
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.
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.
RELOCATINNG TO RED HOOK? LET ME INTRODUCE YOU TO RED HOOK CENTRAL SCHOOLS
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.
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