Hudson Valley Musing

Red Hook Real Estate Market Report For December 2008

So, 2008 finally came to an end and I am sure for many it wasn't too soon.  This December we experienced more of an old fashioned winter with ice and snow storms.

The real estate, and financial industries certainly underwent a rather stormy period themselves which has been carried forward to 2009.

There are many lessons that can be learned especially in difficult times.  This was a great time for reflection on such questions as

1. Do I live within my means?
2. Could I use this time to improve my job skills?
3. If I am in a postion to do so, do I extend a helping hand to others?
4. Will I set a budget and stick with it in 2009?

Here is the real estate activities for the month of December compiled from data obtained from the Mid Hudson Multiple Listing services on January 1st, 2009.  It is possible the number of sales could be adjusted due to late reporting.

             Active listing  51

                      Average List Price:  $497,504

                    Days on Market: 167

                    Average Square Feet: 2589

                    Average $ Square Feet: $192

•           New 1

                    Average List Price: $ 390,000

                    Days on Market: 3

                    Average Square Feet: 2259

                   Average $ Square Feet: $173

•           Accepted Offer  - Continue Showing 2

                     Average List Price: $ 349,000

                     Days on Market: 321

                     Average Square Feet: 2074

                     Average $ Square Feet: $168

•             Price Change  1

                     Average List Price: $ 261,963

                     Days on Market: 145

                      Average Square Feet: 1078

                     Average $ Square Feet: $243

•         Pending 1

                    Average List Price: $ 439,000

                    Days on Market: 643

                    Average Square Feet: 2800

                   Average $ Square Feet: $187

•         Sold 2

                    Average List Price: $ 394,450

                  Days on Market: 118

                   Average Square Feet: 2263

                   Average $ Square Feet: $ 174

                   Average Sold: $ 375,000

                   Average Sold $ Square Feet: $165

                  Street                        Sale Price

                  Teator Lane               $ 315,000

                  Lore Lane                  $ 435,000    

 Village of Red Hook NY Real Estate Market Report November 2008

•           Active listing  6

                    Average List Price: $279,483

                    Days on Market: 40

                    Average Square Feet: 1563

                   Average $ Square Feet: $179

•           Accepted Offer 1

                   Average List Price: $325,000

                     Days on Market: 5

                     Average Square Feet: 1248

                     Average $ Square Feet: $260

•           Accepted Offer  - Continue Showing 2

                     Average List Price: $ 279,000

                     Days on Market: 195

                     Average Square Feet: 1221

                     Average $ Square Feet: $229

•             Extending  1

                     Average List Price: $ 339,000

                     Days on Market: 276

                      Average Square Feet: 1524

                     Average $ Square Feet: $222

•         Pending 1

                    Average List Price: $ 229,900

                    Days on Market: 126

                    Average Square Feet: 1420

                   Average $ Square Feet: $162

•         Sold 1

                    Average List Price: $ 239,900

                  Days on Market: 387

                   Average Square Feet: 1260

                   Average $ Square Feet: $ 190

                   Average Sold: $225,000

                   Average Sold $ Square Feet: $179

                  Street                        Sale Price

                  Cambridge Drive              $ 225,000

 **** This report only reflects single family detached homes listed in the Multiple Listing service.

 Because this is the final report for 2008 I thought it would be a good idea to hightlight some of my postings from the entire year. So, here is a chance to catch up on news you might have missed.

Market reports

November

January to October

Events

Red Hook Winter Market

Apple Blossom

Blue Berry Picking

Dave Mason at Hardscrabble Day

Dancing on the roof of the Fisher Center

Sellers Information

Preparation for showing on a snow or icy day

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

www.jfivehomes.com or www.midhudsonhomevalue.com

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Copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook Real Estate Market Report For December 2008

                                                  GOTTLOP/COOKINGHAM HOUSE

     THIS BEAUTIFUL HOUSE LOCATED IN THE VILLAGE OF RED HOOK WAS BUILT IN 1776

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There is still a large inventory of homes in the Red Hook area.  An analysis of the last four weeks shows:

• 21 homes available for sale under $300,000
• 25 homes available from $300,000-$399,999
• 10 homes available from $400,000-$499,999
• 10 homes available from $500,000 -$999,999
•  5  homes available from $1,000,000-$4,999,999

 This report reveal that this is a good time to buy, why? because right now there are many homes available under $400,000.  The question that might come to mind is; will I get financing? You might want to consider SONYMA the State of New York Mortgage Agency.  This program is design to help first time buyers or someone who has not owned a primary residence in the last 3 years.  This program also assist with closing cost, so you might want to see if you qualify.

This month only 3 properties sold, and considering there are 71 active listings it will take a really long time to clear the inventory at this pace.

                      RED HOOK REAL ESTATE MARKET REPORT JULY 2008

The inventory in the village is rather small and there were no closings in July.

 Data for this report was obtained from the Mid Hudson Multiple Listing Service.

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

www.jfivehomes.com or www.midhudsonhomevalue.com

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Copyright © by Jennifer Fivelsdal, all rights reserved-Real Estate Market Report July 2008

Red Hook Real Estate

Red Hook continues to have a large amount of homes for sale.  From the report below there is an indication that next month's unit sales could triple based on listings now in contract.

It is important to have your property priced right to be competitive.  I have also noticed that more incentives are being offered to buyers; some are sellers paying down mortgage points for buyers, a free tank of heating oil, and holding part of the mortgage to name a few.

                                              TOWN OF RED HOOK REAL ESTATE REPORT FOR MAY 2008

                                             VILLAGE OF RED HOOK REAL ESTATE REPORT FOR MAY2008

                                            TOWN OF RED HOOK HOME SALES  MAY 2008

The Avg List: $229,450   Avg SQFT: 1262    Avg Sold: $212,250    Avg. DOM: 292 Avg $/SQFT: $168

                                        VILLAGE OF RED HOOK HOME SALES MAY 2008

 The Avg List: $259,000   Avg SQFT: 1934     Avg Sold: $270,000    Avg. DOM: 49   Avg $/SQFT: $140

****Data compiled from information obatained from the Mid Hudson Multiple Listing Services and reflects only listings that were entered into the Multiple Listing Service.

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

www.jfivehomes.com or www.midhudsonhomevalue.com

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Copyright © by Jennifer Fivelsdal, all rights reserved-Red  Hook Real Estate Market Report For May 2008

Red Hook Real Estate 

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

55 Active Listing 

Here is the breakdown:

 0-99,000  - 2

200,000-299,000 - 17

300,000-399,000 - 11

400,000-499,000 - 9

500,000-599,0 00 -3

600,000-699,000 - 2

700,000-799,000 - 4

800,000-899,000 - 2

900,000-999,000 - 2

1 million+ - 3

6 New

0-99 ,000- 1     300,000-399,000 - 3   400,000-499,000 - 1   900,000-999,000 - 1

5 Accepted offers

200,000-299,000 - 3     300,000-399,000 - 1    500,000-599,000 - 1 

2 Extended

400,000-499,000 - 1    700,000-799,000 - 1

4 Sold

100,000-199,000 - 2   400,000-499,000 - 1    500.000-599,000 - 1

The highest listed property was listed at $4,018,900

The lowest listed property was listed at $43,500

The average listing price was $501,451

The highest DOM was 392 days while the Average DOM was 128 days

The highest sold property was sold for $550,000

The lowest sold property was sold for $100,000

The average sold price was $323,750

The highest DOM was 242 days while the Average DOM was 168 days

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VILLAGE OF Red Hook NY

During the month of March there were:

11 Active Listing

Here is the breakdown:

200,000-299,000 - 4

300,000-399,000 - 5

500,000-599,000 - 2

2 New

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

1 accepted offer

200,000-299,000 - 1  

1 Pending

200,000-299,000 - 1

The highest listed property was listed at $549,000

The lowest listed property was listed at $239,900

The average listing price was $358,755

The highest DOM was 285 days while the Average DOM was 81 days

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VILLAGE OF Tivoli NY

During the month of March there were:

5 Active Listing

Here is the breakdown:

200,000-299,000 - 4

300,000-399,000 - 1

1 Price Change

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

1 accepted offer

300,000-399,000 - 1  

1 Extended

400,000-499,000 - 1

The highest listed property was listed at $369,990

The lowest listed property was listed at $209,900

The average listing price was $281,558

The highest DOM was 74 days while the Average DOM was 27 days

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

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

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

www.jfivehomes.com or www.midhudsonhomevalue.com

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Copyright © by Jennifer Fivelsdal, all rights reserved

The Columbia and Dutchess Dog Pointing Breed Association has announced the Dog Matches for 2008.

What is a dog match? it is a judging competition where dogs get familiar with the routine of a competition but do not get show points.  I would consider it the training ground for dog shows where champion points are awarded.

According to Jacquie Cookingham, the match show chairperson, this is the 15th year that these matches have been held at her property in Red Hook.

The match is open to all breeds and obedience training is also offered.  Money raised at these events goes to support the rescue of (mainly) Short Hair German Pointers.

So make plans now to catch one of these matches or to include your dog in the match.

All shows are held on Sundays with judging begininig at 10:30 AM

                                                                                          MATCH SHOW DATES 

MAY 4TH 2008

JUNE 15TH 2008

AUGUST 17TH 2008

OCTOBER 5TH 2008

                                                                                           LOCATION OF MATCHES

                                                                                      7605 ROUTE 9, RED HOOK, NY 1571

FOR ADDITIONAL INFORMATION CONTACT JACQUIE COOKINGHAM AT 845-758-8511

  
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