Real Estate Market Report February 2010 for Red Hook NY
I am often asked: Is anything selling? I use the monthly market reports to answer this question. So what did the real estate market look like in February in Red Hook NY?
- Of the 12 properties that came on the market during the month, the lowest price was $59,000 a bank owned house needing work.
- There were 2 properties over a million dollar each.
- For the month 4 properties sold 3 were under $200,000 and 1 for $274,500. What was worth noting was; of the 4 transactions 3 of the 4 were bank owned properties.
- Taking a look at the pending it looks like in March the price range for sold transaction will be higher and none of the properties so far are bank owned.
- There were no sales recorded in February in the village.
Spring is just around the corner and is usually a prime time for listing homes for sales. It is important to make sure your home is in good condition both inside and outside. To get your home in a competitive position it will have to be priced right from the start.
If you are Looking to buy your first home there is still a small window of opportunity to benefit from the $8000 tax credit and you could get questions answered at a First Time Buyers Seminar on March 20th.
Below you will find the breakdown of the Red Hook Real Estate Marketing in February
Town of Red Hook Market Report February 2010
| Active | 12 | Offer | 2 |
| Average List | $628,150 | Average List | $225,000 |
| Average DOM | 20 | Average DOM | 437 |
| Average SQFT | 2951 | Average SQFT | 1876 |
| Average $/SQFT | $213 | Average $/SQFT | 120 |
| Offer | 1 | Contract | 4 |
| Average List | $237,500 | Average List | $300,450 |
| Average DOM | 96 | Average DOM | 134 |
| Average SQFT | 2484 | Average SQFT | 1870 |
| Average $/SQFT | $96 | Average $/SQFT | $161 |
| Sold | 4 | ||
| Average List | $210,700 | ||
| Average DOM | 48 | ||
| Average SQFT | 2364 | ||
| Average $/SQFT | $89 | ||
| Average Sold | $182,125 | ||
| Average $/SQFT | $77 |
Town of Red Hook February Sales
Address Price
| Route 9 | $129,000 (REO) |
| Old Post Road N | $160,000 |
| Edgewood DR | $165,000 (REO) |
| E, Kerly Corners | $274,500 (REO) |
******Bank owned.
Village of Red Hook Market report February 2010
| Active | 1 | Offer CS | 1 |
| Average List | $298,500 | Average List | $239,000 |
| Average DOM | 33 | Average DOM | 250 |
| Average SQFT | 1524 | Average SQFT | 1400 |
| Average $/SQFT | $196 | Average $/SQFT | $171 |
***Data for report obtained through the Mid-Hudson MLS and is deemed reliable but is not guaranteed.
February 2009 Red Hook market report
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Copyright © by Jennifer Fivelsdal, all rights reserved-Real Estate Market Report February 2010 for Red Hook NY
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
