About Dutchess County, 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

October Dutchess County 2009 Home Sales*
Dutchess County**

Single Family Detached Homes October 2008 September 2009 October 2009*** Year Change

Current Closed Sales	131	136	155	18.3
Y-T-D Closed Sales	1185	1032	1187	-0.7
Current Average Selling Price	305,897	303,491	298,982	-2.3
Y-T-D Average Selling Price	357,056	316,451	314,170	-12.0****
Current Average Days on Market	131	127	128	-2.3
Y-T-D Average Days on Market	130	129	129	-0.9*****

Source: * Mid-Hudson Multiple Listing Service Inc (MHMLS)
**These figures do not represent the total real estate sales in Dutchess County.
They do reflect the sales activity of the MHMLS, which comprises the largest sales volume sampling.
Of note*** October 2009 Home Sales are reflects an 18% increase over October of 2008,primarily due to first time home owner credit,low interest rates and lower selling prices. Of note**** The YTD average selling through October 2009 is 12% lower than the same period last year. Of note***** YTD the average days on the market through October 2009 is basically the same period as last year.

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

Hello Dutchess County, NEW YORK!

The good/bad news for home buyers and home sellers...the home prices in NEW YORK state, have gained in value in the last month. Total Sales are equal to the same/similar values of the year 2001. This is great news for Home Buyers, to get into a home at lower values now, is fantastic! The bad news, is, we do not, nor can we predict how quickly the prices will escalate!

The bad news for HOME SELLERS, is that prices are back to 2001 values....on the other hand, it could be worse, it could be back to 1995 ! So we have to keep the silver lining in place...a situation can always be worse! On the other hand, we see that home values are beginning to increase!

2001 wasn't such a bad year! Also other great news to get BUYERS out there: The $8k has been extended! Also, the government is offering a $6,5k credit to current home owners, who decided to upgrade their homes, and purchase a new home. These end in April & June 2010!

Read on for the info on this article:

http://www.nytimes.com/aponline/2009/10/28/us/politics/AP-US-Homebuyer-Tax-Credits.html?scp=3&sq=Homebuyer%20Tax%20Credit&st=cse

www.activerain.com/c21crystal

c21crystal@optonline.net

www.C21Crystal.com