Rhinebeck, NY

We are fast approaching the end of 2008 and many homeowners are still hoping to get their home sold. The number of sales is still small in comparison to listings; however just last week interest rate dipped below 6% so this might entice more buyers into the market.. Like other communities, this area too has had to confront foreclosure; this recent blog by E. Jeffrey Dolfinger shows no one is immune to being foreclosed on.

Here is the real estate activities for the month of November compiled from data from the Mid Hudson Multiple Listing services on December 1st.

• Active listing 48

Average List Price: $853,415 - It is this high because of 8 properties price over 1 million.

Days on Market: 143

Average Square Feet: 2969

Average $ Square Feet: $287

• New listing 2

Average List Price: $642,500

Days on Market: 6

Average Square Feet: 2794

Average $ Square Feet: $230

• Accepted Offer 2

Average List Price: $664,950

Days on Market: 308

Average Square Feet: 2350

Average $ Square Feet: $283

• Price Change 1

Average List Price: $264,000

Days on Market: 25

Average Square Feet: 1000

Average $ Square Feet: $264

• Sold

Average List Price: $399,000

Days on Market: 162

Average Square Feet: 2800

Average $ Square Feet: $143

Average Sold: $399,000

Average Sold $ Square Feet: $143

Village of Rhinebeck NY Real Estate Market Report November 2008

• Active listing 27

Average List Price: $520,074

Days on Market: 223

Average Square Feet: 2171

Average $ Square Feet: $240

• Accepted Offer 1

Average List Price: $387,000

Days on Market: 118

Average Square Feet: 2105

Average $ Square Feet: $184

By Jennifer Fivelsdal

Keller Williams Realty Team

845 758 5842

I recently attended a class on Defensive Driving Course in Rhinebeck, NY. at my local insurance company. True- it was a win/win venture; saving me money on my car insurance while making the roads safer in Rhinebeck NY for myself and others.

I would like to pass along this message to you-- Is the time you save worth the Risk and the Money?

In Germany they tested speed and time in two experiments, both demonstrating the same outcome. One driver was told to make the best time he could on a 1000 mile journey; the second driver was told to avoid risk and move as the traffic flow permitted. The fast driver finished 31 minutes ahead of the slow driver after nearly 1000 miles. After all the braking and passing the same conclusion came from the second test of 800 miles only a time of 21 minutes was saved. The fast driver used ten more gallons of gas on this 800 mile trip. What was gained and what was lost?

" Perhaps an elderly gentleman who had just completed a 50 mile ride to Des Moines with his grandson said it best years ago. The youngster, out to show grandpa how a car ought to be driven, kept the speed limit most of the way, passing frequently , and occasionally dangerously , until he finally pulled up in front of the hotel. Quite a trip, huh, grandpa said the grandson? Yep, said grandpa gravely I figure we saved all of one-tenth of a second. Now what do you suppose we should do with it?"

The Hudson River is a integral part of the history of the Hudson Valley, and the area is blessed with many historic sites along the river.

Cynthia Phillip Owen's new book Rhinecliff: The Tangled tale of Rhinebeck's Waterfront is a great addition to the collection of books related to the Hudson River.

It is also exciting that the talk and book signing will take place at the newly renovated Rhinecliff Hotel which has a truly magnificent view of the river.

Purchasing this book will also benefit the local Morton Library.

When:  Sunday November 23rd

Time:    4:00 - 6:00 PM

Where: Rhinecliff Hotel 4 Ginnell St

Contact: 845-876-2903

Additional postings

• Rhinecliff Hotel
• Rhinecliff Train Station
• Rhinebeck's Real Estate Market Report for October

By Jennifer Fivelsdal  Associate Broker - Keller Wlliams Realty Team  -  845-758-6842 

In the spirit of the holiday season and all good things, I would like to share an email with you from my friend Brenda who lives in Rhinebeck NY. When doing your Christmas/holiday cards this year, take one
card and send it to this address.

Holiday cards should be mailed to
Holiday Mail for Heroes
P.O. Box 5456
Capitol Heights, MD. 20791-5456

All cards must be postmarked no later than Dec. 10. Cards should not be mailed or delivered to Walter Reed Army Medical Center.

TO: If we pass this on and everyone sends one card, think of how many cards these wonderful soldiers, who have sacrificed so much, would get. Don't worry about what to write. Something simple as "Thinking of you at the holidays and wishing you a speedy recovery or Thank you for your sacrifices." will suffice. (I write this for I remember how uncertain I was about what to say that first time I sat down to write the soldiers who are recovering at Walter Reed.)

When you are making out your Christmas/holiday card list this year, please
include the following:

TO: Holiday cards should be mailed to
Holiday Mail for Heroes
P.O. Box 5456
Capitol Heights, MD. 20791-5456

Thank you, Brenda

Back in June I gave an update on real estate listings $5,000,000 and up. At that time there was just one sale for the year which occured in February in the township of Pawling. This 5000 square foot home went for a whopping $12,225,000. This is still the only sale in this price range although there is an accepted offer on a property in Amenia listed for $8,500,000.

So here is the break down.

• 12 Active Avg. Price $8,365,400 Avg. SQFT 5403 AVG DOM 184 Avg.$/SQFT $1,548

• 1 New Avg. Price $6,900,000 Avg. SQFT 4500 AVG DOM 2 Avg.$/SQFT $1,533

• 1 Offer Avg. Price $8,500,000 Avg. SQFT 7300 AVG DOM 359 Avg.$/SQFT $1,164

• 1 Sold Avg. Price $12,225,000 Avg. SQFT 5000 AVG DOM 784 Avg.$/SQFT $2,445

It is obvious that like the rest of the price ranges this market does provide some challenges even for the priciest real estate listings.

Click to view Hudson Valley Luxury Homes

********Data obtained from the Mid Hudson MLS System.

By Jennifer Fivelsdal Associate Broker - Keller Wlliams Realty Team - 845-758-6842