Rhinebeck, NY

TOWN OF RHINEBECK NY

During the period 3/1/08-3/31/08 there were:

37 Active Listing

Here is the breakdown:

0-99,000 - 1

100,000-199,000 - 1

200,000-299,000 - 1

300,000-399,000 - 5

400,000-499,000 - 5

500,000-599,000 - 6

600,000-699,000 - 6

700,000-799,000 - 2

900,000-999,000 - 3

1 million+ - 7

5 Accepted offers

200,000-299,000 - 3 400,000-499,000 - 1 700,000-799,000 - 1 million+ - 1

1 Contract

400,000-499,000 - 1

3 Price changes

300,000-399,000 - 1 600,000-699,000 - 1 million+ 1

2 Extended

400,000-499,000 - 3

The highest listed property was listed at $2,600,000

The lowest listed property was listed at $37,000

The average listing price was $708,915

The highest DOM was 707 days while the Average DOM was 196 days

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VILLAGE OF RHINEBECK NY

During the month of March there were:

25 Active Listing

Here is the breakdown:

200,000-299,000 - 4

300,000-399,000 - 6

400,000-499,000 - 8

500,000-599,000 - 1

600,000-699,000 - 1

700,000-799,000 - 2

800,000-899,000 - 1

1 million+ - 2

3 New

100,000-199,000 - 1 200,000-299,000 - 1 400,000-499,000 - 1

3 Price changes

200,000-299,000 - 1 300,000-399,000 - 1 400,000-499,000 - 1

1 Extended

400,000-499,000 - 3

The highest listed property was listed at $1,400,000

The lowest listed property was listed at $194,000

The average listing price was $491,906

The highest DOM was 578 days while the Average DOM was 185 days

The data for this report on single family detached homes was obtained from the Mid-Hudson Multiple Listing Services on March 31st. Due to some late reporting there could be additional activity reported at a later date.

Author: Jennifer Fivelsdal - Keller Williams Realty Team - 845-758-6842

If you are thinking of selling your home I would be delighted to provide you with a market analysis. Here are some tipsto help you gain a competitive edge when selling your home.

According to Mid Hudson MLS there are 74 homes currently for sale in Rhinebeck, NY. In 2007, 37 homes sold in Rhinebeck. A quick calculation tells us there is currently 2 years worth of inventory on the market. Mid Hudson MLS statistics also state that the median house price of homes sold in 2007 in Rhinebeck was 11.2% less than the median home that sold in 2006.

What does this mean for sellers? It means you have a lot of competition, buyers are expecting lower prices and your house for sale in Rhinebeck needs to stand out from the rest.

There are three things a seller must do to sell their home in todays market:

1. Price it correctly
2. Present it at its very best
3. Give easy access

Pricing your home correctly involves several things. First, you need to have a good competitive market analysis(CMA)done. Your listing agent should provide you with a CMA that shows you what homes similar to yours have sold for in the past 9-12 months. In my opinion, a CMA should also include a list of the homes currently for sale that would be considered your competition. There is a big difference between what you think your home is worth, what you "need to get" to satisfy your financial obligations and what price you need to list at to get your home sold. As a seller, you need to be realistic about what the market will pay for your home. If you need to get a lot more than what the current market dictates your house will probably linger on the market for a very long time.

Presenting your home at its very best is more important than ever. As previously stated you have a lot of competition. Buyers do not have to accept homes that need routine repairs, are outdated or dirty. They can walk right out your door and move on to all those other homes that are currently for sale. If those other homes are cleaner, brighter, more welcoming and in better overall condition you have just lost the contest. In a nutshell, a seller needs to declutter, clean until everything sparkles and make those repairs you have been putting off. If you didn't have the time, money or inclination to fix that leaky faucet or strip that old wallpaper chances are the buyer doesn't either. Simple renovations that can be done inexpensively can make a huge impact with sellers. A Homegain survey done in 2003 states that a simple bathroom upgrade of between $1,500 and $2,000 will give you a return of 138% and go a long way to improving the appeal of your home. Home staging can really help give your home a step above the competition. Here are some before and after photos of a home staging project. Which rooms would you respond to better?

Easy access is extremely important. If a buyer can't get into your home how can they fall in love with it and decide to buy it. Rules like "no showings on Tuesday, Thursday and Friday" or "48 hours notice required" or "listing agent must accompany all showings" or "owner must be home to give access" make it difficult for potential buyers to see your home. There is a good chance your home will be skipped over if the buyer can't see it when it is convenient for them. It may sound silly to say but if you want to sell your home you have to let the buyers in!

There is a very interesting article in this months issue of Hudson Valley Magazine about the real estate market in the Hudson Valley. I think you will find it interesting.

To see our listings of homes for sale in Rhinebeck, NY follow this link and click on Featured Listings. To do a complete search of homes for sale in the Hudson Valley follow this link and click on MLS Search or click on the buttons below.

"My dream is to find the home of your dreams." Give me a call at (845)224-5238 and let's start the search together!

**For all of your real estate needs in the greater Rhinebeck - Red Hook, Clinton, Tivoli, Pine Plains and Hyde Park NY areas contact:

Diana Corcoran, Associate Broker, Accredited Buyer Representative

dcorcoran@hvc.rr.com

http://www.realestaterhinebeckny.com

**Statistics based on data from Mid Hudson MLS.

The information herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this website, at any time or from time to time. All information should be independently verified by the recipient of such data. This data is not warranted for any purpose. The use of these search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.

Disclaimer: The information provided herein is supplied by Diana Corcoran and is subject to change without notice. The "Rhinebeck/Red Hook Real Estate Blog by Diana" does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on this blog represent the opinions and ideas of the author.

With changing market conditions it is important to keep abreast of the real estate market if you are considering buying or selling a house this year. The market also affects other industries or services in a community.

So what did the Rhinebeck real estate market look like over the past four weeks?

Here is a snapshot.

Rhinebeck Town Hall

Did you know? - In 2006 there were 73 houses in the MLS that sold in the Rhinebeck area. In 2007 there were 37. Based on last year's sales, at present between the village and town there is more than a year's worth of inventory. Although this is the case there are still buyers looking for home that cannot be found in the present inventory. With spring approaching I suspect there will be many more homes available. If you are planning to put your house on the market keep these points in mind.

• The house must be priced right so it will appraise for a mortgage.
• Now is a good time to get the house ready by cleaning, painting, fixing and de-cluttering
• Don't overlook landscaping
• Get professional advice from a Realtor and Stager.

Rhinebeck Village Hall

***********Data compiled from information obtained from Mid Hudson MLS system on 2/29/08

Author - Jennifer Fivelsdal - Keller williams Realty Team - 845-758-6842

It is not unusual for someone relocating to the northern Dutchess area to ask where do people shop? If you Live in the Northern Dutchess area, Red Hook and Rhinebeck, you will quickly notice the absence of the popular stores and malls.  Yes, I consider the quality of life to be among the best, with great open space and a slower pace of life.  Most of us need to shop, so, if the quality of life is so great would the residents have to travel to Poughkeepsie, which is over a half and hour away, just to shop?  Thankfully, this is not the case, all you need to do is get on the Kingston Rhinecliff bridge and in a matter of minutes you will be on the other side of the Hudson in Ulster County where you can shop till you drop.

I remember back in the early nineties when IBM closed some of its facilities- I was so sure the area was doomed because every week another store closed and it looked like the mall was going to be a concrete graveyard.  In a matter of years the trend was reversed and one by one new stores began to open.  Then came 9/11 and many left New York City and decided to make the Mid-Hudson Valley their permanent home.  Then even more stores were added. 

So here are some off the stores you will see.

If you are looking to relocated to Northern Dutchess please call Jennifer Fivelsdal - 845-758-6842 or email me at jfivelsdal@hvc.rr.com for a relocation package or you can request one at www.midhudsonhomevalue.com

It is with great pleasure that I showcase small businesses in my marketplace. Since various occasions for buying gifts happen all year long I wanted to bring the Rhinebeck Gift Basket online store to your attention.

These days we are all so busy that we don't always have time to shop. So, it's good to know that you can, from the comfort of your home, buy a gift basket on-line - even at the last minute. There are may types of gift baskets to select from for almost any occasion you can think of. They make great gifts for your clients.

The site is operated by Deborah Wright who will also make custom baskets at your request. These baskets could include a taste of the Hudson Valley (locally produced, and award-winning wines and sweets).

So take some time to check out all the available products and make sure to consider the Rhinebeck Gift Basket when you need to get a gift for that special occasion. Gifts range from under $40.00 to over $100.00.

Contact info

Rhinebeck Gift Baskets

Email - dwright1@hvc.rr.com

Phone: 845-876-5211

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If you are looking for real estate in the Hudson Valley start your search here Jennifer Fivelsdal 845-758-6842