Hudson Valley Musing

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Million Dollar homes are they selling in Dutchess County NY?

Million dollar homes, are they selling in Dutchess County NY?  So far, in 2011, 7 million dollar homes soldDriveway ranging from $1,575,000 - $18,375,000.  4 out of the 7 homes were sold in the Town of Washington.  The town of Washington having more than 50 percent of the sales is not unusual since this is an affulent Dutchess County Community which includes the Millbrook area.  Other sales were as follows: 1 in Town of Stanford, 1 in Town of Beekman and 1 in the Village of Tivoli.

Did the million dollar homes in Dutchess also suffer from deep discounts?

All 7 homes saw price reductions, one as much as $7,625,000. What does this mean?  If you are in the market for a million dollar home this would be a good time to buy.  Right now there are many homes to choose from.

SEARCH FOR MILLION DOLLAR HOMES IN DUTCHESS COUNTY NY AND NEIGHBORING COUNTIES

           

MILLION DOLLAR HOMES IN DUTCHESS COUNTY NY JAN-JUNE 2011

Active 68 New 2
Average List $2,945,574 Average List $2,950,000
Average DOM 68 Average DOM 2
Average SQFT 5066 Average SQFT 5536
Average $/SQFT $585 Average $/SQFT $533
     
     

  

Offer  1 Offer CS 3
Average List $1,395,000 Average List $1,650,000
Average DOM 129 Average DOM 445
Average SQFT 7200 Average SQFT 2844
Average $/SQFT $194 Average $/SQFT $580
     
     

 

Price Change 3 Contract 1
Average List $1,816,333 Average List $1,785,00
Average DOM 251 Average DOM 25
Average SQFT 4611 Average SQFT 4689
Average $/SQFT $394 Average $/SQFT $381
     
     

 

Sold  7  
Average List $9,159,286  
Average DOM 289  
Average SQFT 7216  
Average $/SQFT $1269  
Average Sold  $6,820,229  
Average$/SQFT  $945  

 

MILLION DOLLAR HOMES SOLD IN DUTCHESS IN 2011

Address Price
Chestnut Ridge -Washington $ 1,575,000
Poona Lane- Washington $ 2,250,000
Up-A-Creek Lane - Stanford $ 2,350,000

Hynes - Beekman

$13,800,000
V. Tivoli $  4,391,600
Butts Holow Road - Washington $15,000,000
Overlook Rd - Washington $18,375,000
 

**These numbers only reflects homes that were listed in the Mid-Hudson MLS Service.   It is not uncommon to have private sales of homes in this category.

 

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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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6 commentsJennifer Fivelsdal • June 18 2011 08:27PM
Million Dollar homes are they selling in Dutchess County NY?
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Million dollar homes, are they selling in Dutchess County NY? So far, in 2011, 7 million dollar homes sold ranging from $1, 575, 000 - $18, 375, 000. 4 out of the 7 homes were sold in the Town of Washington The town of Washington having more than 50… more