Jennifer Fivelsdal, Fishkill NY

DUTCHESS COUNTY NY REAL ESTATE MARKET REPORT - OCTOBER 2009

SINGLE FAMILY DETACHED

AVG. Median # of Sales DOM Inventory

October 08 $305,897 $275,000 131 128 2249

September 09 $303,491 $270,000 136 130 2074

October 09 $298,982 $265,000 155 128 2027

In Dutchess County NY during the month of October 24 more single family detached properties closed than the same time last year.

The number of months it would take to clear the present inventory is 13.07 months(2027/155) which is an improvement over September's absorption rate of 15.25 months. The current sales dollar volume is up 15.6% over the same time last year, both positive trends.

DUTCHESS COUNTY NY CONDO/TOWNHOUSE MARKET REPORT OCTOBER 09

Single Family Attached (Condos/Townhouses)

AVG. Median # of Sales DOM Inventory

October 08 $239,516 $212,000 26 126 373

September 09 $226,373 $230,000 50 133 382

October 09 $194,708 $183,000 25 111 386

The Single Family Attached Properties (condos, Co-op, townhouses) in Dutchess County NY during October saw a 50% drop in the number of sales when compared to September. And a 3.8% decrease over same time last year.

The absorption rate on the Condo/townhouse market is 15.44 months (386/25) a big difference from last month when the absorption rate was 7.64 months. The current dollar sales volume also was less than 50% of last month and 21.8% less than same time last year.

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I enjoy living in Dutchess County; and it is a pleasure for me to help consumers with their real estate needs. If you are considering buying or selling real estate please give me a call.

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

*****Data to compile this report was obtained from the Mid Hudson MLS System

Wednesday is a typical Broker's Open House Day in Dutchess County NY. Agents can find these open houses by looking on the Multiple Listing Service; although, not all agents make use of this tool. Most agents will send out email invitations and now and then you will get a direct phone call.

Last Wednesday I saw several homes and each was a different style and price range. I got to thinking about those sellers, although they are in the minority, who refuse to have any sort of open house; to me that is like shooting themselves in the foot.

So here are 5 reason why a Broker's Open is a must:

1. By holding a Broker's Open House many agents will see the house at once and this will cut down on the number of calls from agents wishing to preview the property for their buyer clients.
2. If you and your agent had a disagreement on the best price to list the property, agents will provide feedback on how they feel the property is priced in relation to the existing market. Carefully reviewing all feedback can help you and your agent . Sometimes right after an open house there will be a price reduction and that's not an accident.
3. Agents will also give feedback on property condition and sometimes will volunteer additional ideas on what could be done to make the property more saleable.
4. When agents come to the open house it will be easier for them to recommend your home to a prospective client. It is not uncommon for an agent to call a client right from the open house to let them know that the property matches their criteria so they should make arrangements to see it ASAP.
5. A Broker's open house is a marketing tool, Keep in mind that most buyers still seek the assistance of a real estate agent.

So if you resisted having a broker's open house in the past maybe you should reconsider, as doing so could get your property sold sooner.

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

SEARCH FOR A HOME IN DUTCHESS COUNTY

This evening while running an errand I came across a beautiful scene. It was just about the time when the sun was setting; I was just going by an open field in Red Hook when I noticed the the colors in the sky and that big ball of fire. At that point I just had to pull over and get my camera out; and I was glad I did because this was truly a magnificent scene.

Start your search here for homes for sale in the RED Hook NY

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

**** Informational only; deemed reliable but is not guaranted

Budds Corner is located between Route 9 and Route 9G in the town of Red Hook.  So named after the Budds family and there are still members of this family residing on this street.

On Budds Corner can be found a couple large farms.  I was once told that the corn crop need to be knee high by the the begining of July so when I go by in the summer I make a mental note.

This is also a great spot t to shoot some lovely sunsets.

One of my favorite spot on this road is going by a farm where a gnarly tree stands alone in the middle of the field.

Make a right off Budds Corner on to Pitcher Lane, Here you will find Grandiflora Nusery a popular place for plants a a favorite spots for many with second homes in the area. Next stop is the Greg Farm, a place where you can pick your own fruits; my favorite is Blueberries.

In a Barn on the Greig's Farm you will find Gigi Market,  here I find the only brownies I really love; everyone I have given them  to agrees.

Next door to Gigi's you will find Alison's Winery.

Enjoy this brief tour of the fall colors from Budds Corner to Pitcher lane.

Start your search here for homes for sale in the RED Hook NY

When you decide to buy a home in Dutchess County there might be several factors to consider.

• Your needs.  Do you need a one level home, such as, a ranch because you can't climb stairs or do you want a multi-level home with a bedroom on the first floor?
• Are you only interested in older homes?
• Are you looking for a house in move-in condition or are you open to a potentially large renovation project?
• Where in Dutchess County do you want to live, in a village or a rural town?

First, let us take a look at some of the older architecture to be found in Dutchess County

The Dutch houses  are some of the earliest homes in the area (1650-1800) The Luykas Van Allen House (in Columbia county) is an example of a Dutch home.  Because the Dutch had great influence on the Hudson Valley region these homes can be found in several counties.

 ITALIANATE    - 1855-1870

                                                      GREEK REVIVAL - 1825 -1855

       GEORGIAN - 1700-1790

FRENCH SECOND EMPIRE - 1855-1880's

There are many other types of architecture to be found in Dutchess County however the most common are:

Ranches

Raised Ranch

Split Level

Neo Colonial

Here is a slide show of homes you will see in Dutchess County, the slides are just examples and are not necessarily representations of properties presently listed.