Currently, as of November 30, 2007 in the Town and Village of Rhinebeck New York there are 81 single family homes for sale. 56 homes for sale are located in the Town of Rhinebeck and 25 homes for sale are located in the Village of Rhinebeck. Prices range from $215,000 to $4,200,000 so there is something for everyone!
During the month of November the number of homes sold (closed transactions) is as follows:
Town of Rhinebeck - 3
Village of Rhinebeck - 0
There are currently 5 homes with accepted offers in the Town of Rhinebeck and 4 homes with accepted offers in the Village of Rhinebeck.
Of the 81 homes for sale, 40 homes (50%) are priced under $500,000. 26 of the homes (32%) are priced between $500,000 and $1,000,000 and 13 homes (16%) are priced over $1,000,000.
The average prices are as follows:
$851,754 in the Town of Rhinebeck
$530,568 in the Village of Rhinebeck
The average in both the Town and Village of Rhinebeck is brought up by several very high end properties. If we eliminate the properties over $1,000,000 the average is $518,493 in the Town of Rhinebeck and $498,925 in the Village of Rhinebeck. The median price in the town of Rhinebeck is $535,000 and the median in the Village of Rhinebeck is $479,000.
During the month of November the number of homes sold (closed transactions) is as follows:
Town of Rhinebeck - 3
Village of Rhinebeck - 0
There are currently accepted offers on 5 homes in the Town of Rhinebeck and 2 accepted offers on homes in the Village of Rhinebeck.
If we use the total number of sales of 3 for the month of November we have 24months worth of inventory on the market.
What do these numbers mean for buyers? For one thing, you have a greater number of choices than buyers have had in a long time in our area. Secondly, you are most likely in a good position for negotiating for the price you want to pay. For a copy of a
Free Buyer's Guide sent via email to you about purchasing a home in the Mid Hudson Valley click on the free buyer's Guide Link above.
What do these numbers mean for sellers? First and foremost your home must be priced correctly to sell. Buyers have a lot to choose from and can move on from anything that is overpriced. Second, now is the time to be sure your home is in tip top condition. Make those repairs, keep everything looking fresh and clean and seriously consider hiring a Home Staging expert to help you prepare your home for sale.
To compare the market reports for this month and the report "Rhinebeck Homes for Sale - January 2008 market report" follow this link.
**Statistics calculated by Diana Corcoran, ABR
For all of your real estate needs in the greater Rhinebeck - Red Hook, NY area contact:
Diana Corcoran, Accredited Buyer Representative
Direct Phone: (845)224-5238
http://www.realestaterhinebeckny.com
http://www.realestaterhinebeck.com
For additional market report information you can go to my colleague's website at http://www.chrishackenbrockrealestate.com.preview.z57.com/professional4.shtml
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