Red Hook NY market report
Before getting into the market trends in Red Hook for November, I just wanted to let you know Red Hook is having a Bicentennial celebration in 2012. The kickoff was in September, as you will see in the video below. During Hardscrabble day much oral history was video taped and will be shared on the Bicentennial website Red Hook 200, check back regularly for new videos and updates on events.
So, how was the Red Hook real estate market in November? I am happy to inform you that it was a good month. Between the town and village there were 11 sales. 8 of the 11 were under $300,000 which is very much in line with the rest of the county. The most expensive home was listed at over $2,000,000 and sold for $1,800,000, a home with spectacular views of the Hudson River. The million dollar sale made the average sale price come in over $400,000 and if you take it out of the equation the average would be under $300,000.
This November in Red Hook 7 more homes sold than last November and at that time the most expensive home sold was $3,000,000.
Other trends in the maket
- More homes listed for sales are also listed for rent because days on market is much longer for homes over $300,000.
- I noticed more deep reduction for homes in the higher price ranges, the intent being to pique more interest.
Below, you will find the more detailed report
Single Family detached market report for Red Hook NY in November 2011
| Active | 3 | Offer | 1 |
| Average List | $679,667 | Average List | $385,000 |
| Average DOM | 27 | Average DOM | 72 |
| Average SQFT | 30762606 | Average SQFT | 2606 |
| Average $/SQFT | $261 | Average $/SQFT | $ 113 |
| Offer CS | 1 | Contract | 8 |
| Average List | $459,000 | Average List | $528,975 |
| Average DOM | 223 | Average DOM | 150 |
| Average SQFT | 3400 | Average SQFT | 2667 |
| Average $/SQFT | $147 | Average $/SQFT | $121 |
| Average Sold | $439,250 | ||
| $/SQFT | $165 |
| Address | Price |
| Spring Lake Road | $132,500 |
| Rokeby | $163,000 |
| Rokeby | $168,000 |
| Linden Ave | $193,000 |
| Trow Blvd | $285,000 |
| Route 199 | $360,000 |
| Elm Street | $412,500 |
| Woods RD | $1,800,000 |
Single Family detached Market Report for the Village of Red Hook NY
in November2011
| Active | 2 | Sold | 3 |
| Average List | $334,000 | Average List | $261,300 |
| Average DOM | 31 | Average DOM | 136 |
| Average SQFT | 3000 | Average SQFT | 1190 |
| Average $/SQFT | $111 | Average $/SQFT | $220 |
| Average Sold |
258,333 | ||
| Average Sold $/SQFT | $217 |
| Address | Price |
| Fraleigh St | $190,000 |
| Church St | $235,000 |
| West Market ST | $350,000 |
Click to see Red Hook Reports from January - September
Data used to compile this report came from the Mid Hudson Multiple Listing Services and represent only homes listed on the MLS. Deemed reliable but not guaranteed
copyright © by Jennifer Fivelsdal, all rights reserved-Red Hook Real Estate Market Report For Novemver 2011
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
Good Evening Jennifer
Thanks for the multi-media post and information. Have a great day
Always interested to see how other regions of the state are doing. Celebrating the bicentennial through out the year should be lots of fun and offer great marketing opportunities.
Hi Jennifer: Nice market report with a great video to add some interesting information about your area.
Patrick thanks for stopping by. Have a great week.
Michele it will be a fun year lots of things planned. I will share some of the videos.
Jane it is a special period for Red Hook, and both young and old are excited about the events.
Glad to hear that things are going well in Red Hook... I think there are some positive signs in the real estate market. However, with it being a political year... anything can happen. I'm keeping my fingers crossed we don't slide backwards.
Jennifer, I like the way you incorporated the video into your market report. Sounds like a fun place to live.
Hey, Jennifer!
I included this post in Last Week's Favorites. Have a great Sunday!