Hudson Valley Musing

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What does the Red Hook Real Estate Market Report show?

It is impossible to drive through most streets in Red Hook without noticing a House for sale sign.  This is a typical scene in most towns - And the Spring rush has not yet occurred.  As spring approaches this is a time when most owners typically put their property on the market  so I thought it would be a good time to see what the numbers show so far .

In the month of January 6 properties were listed ranging from $229,000 to $524,900

During the same time 3 properties were sold ranging from $239,900-$369,900 and the days on the market range from 132-211.

At Present there are 77 active listings on the market, which is already a large inventory brought forward from 2007. Price ranged from $43,500 to $4,018,900.

It is obvious that homes priced under $300,000 are moving faster because of a much higher demand.  At the same time the Dutchess County market report showed a significant drop in sales during January and a higher number of days on the market. 

What can sellers do to ensure a sale?

  • Price is key. More than ever you need a real estate professional to help with this.  Don't even try to look for the same price your neighbor got 6 months ago.  Market analysis now covers a much shorter period.
  • Make sure all repairs are done prior to putting the property on the market.  A pre-inspection will aid in the discovery of issues to be addressed.
  • Be prepared to make a price adjustment or offer incentives if you really have to sell.
  • The Selling price is in no way related to what you feel you have to net but is more closely related to what a  buyer is willing to pay.
  • Will the property appraise?  I am noticing more cases of houses appraising for less than assessed value, so a pre-appraisal might be a good idea.
  • Have you considered staging?  It is a proven fact that a staged property sells quicker and for more money.
  • Home warranty is a plus.  Potential buyers like to know they won't have to worry if something breaks shortly after the closing.

 Drug Store in Red Hook NY

 

 

 

 

 

 

 

 

Red Hook Drug Store 

 

In the Village of Tivoli only 1 property was listed in January and there are only 2 properties for sale at the moment.

 Santa Fe RestaurantSanta Fe - Tivoli

                                                                                               

 Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com 

www.jfivehomes.com  or www.midhudsonhomevalue.com

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  162 Deer Run Road, Red Hook NY 12571| 845-758-6842

  Jennifer Fivelsdal  |   Real Estate Broker  |  jennifer@jfivehomes.com  www.jfivehomes.com  or  www.midhudsonhomevalue.com

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HOW'S THE MARKET? FIND A HOME BUYERS SELLERS BLOG
9 commentsJennifer Fivelsdal • February 10 2008 03:57PM
What does the Red Hook Real Estate Market Report show?
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