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Red Hook NY Real Estate Report for March 2010

 Red Hook NY Real Estate Report for March 2010

The March real estate inventory for Red Hook NY had properties ranging from $159,000-$1,290,000, withRed Hook NY Town Hall square footage from 1075-4500.

One of the homes, a 3000 square feet farm house was built in 1865 and the 2 most expensive properties were from 2006.

Although only 2 properties sold in Red Hook NY during March, there were 4 properties with accepted offers as well as 1 in contract.  This is an indication that the number of sales would likely increase in April and this should be the expectation as the spring selling season get going.

If you are trying to sell your home in Red Hook, keep in mind that the market is still challenging so more than ever it is important to have your home priced right from the start.  I am still hearing potential sellers say " This is what I need to net" Keep in mind that the market determines what a buyer will pay for your home not what you think it is worth.  Another factor to consider is the the appraisal value seems to me more conservative and a lender will not lend more than the appraised value

Here is one thing you can do, now that the weather has warmed up, work on the curb appeal.

           Town of Red Hook Market Report March 2010

 

Active 12 New 1
Average List $456,642 Average List $285,642
Average DOM 21 Average DOM 7
Average SQFT 2500 Average SQFT 2460
Average $/SQFT $183 Average $/SQFT $116
       
       

  

Offer 2 Offer CS 2
Average List $288,250 Average List $346,750
Average DOM 124 Average DOM 142
Average SQFT 2302 Average SQFT 1702
Average $/SQFT $125 Average $/SQFT $204
     
     

   

Contract 1 Sold  2
Average List $165,000 Average List  $379,450
Average DOM 122 Average DOM  170
Average SQFT 1075 Average SQFT  2486
Average $/SQFT $153 Average $/SQFT  $153
 Average Sold   Average Sold  $350,000
 Average $/SQFT   Average $/SQFT  $141

 

   Town of Red Hook March Sales

Address                                              Price

Cedar Drive $235,000
Carriage Drive $465,000
   
   

 

           Village of Red Hook Market report March 2010

Active 4  
Average List $329,725  
Average DOM 20  
Average SQFT 1732  
Average $/SQFT $190  
     
     

 

 ***Data for report obtained through the Mid-Hudson MLS and is deemed reliable but is not guaranteed.

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 Copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook NY Real Estate Report for March 2010

 

 

 

 

 

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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
4 commentsJennifer Fivelsdal • April 14 2010 09:20PM

Comments

Hi Jennifer...I like the way you explained the market aside from the straight numbers.  You made it more interesting and relevant.

Kate

Posted by Kate Elim, Realtor 540-226-1964, Selling Homes & Land at LA (Dockside Realty) over 4 years ago

Kate thank you.  I know numbers can be boring so I try to make it more interesting.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 4 years ago

Great job with the stats Jennifer.  I'm a little late this month but my laptop is acting up.  Hope to have them done in a couple days when I get it back from repair. 

Posted by Jenny Kotulak, Broker - Oakville Ontario Real Estate (RE/MAX Real Estate Centre Inc., Brokerage) over 4 years ago

Jennfer, Thanks for sharing the market information about your area. Good advice for sellers about pricing it right.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 4 years ago

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