Market update for Red Hook NY home sales in June 2022
Red Hook NY Home Sales In June 2022
A review of the market update for Red Hook NY home sales in June 2022 showed six single-family homes sold compared to ten in June 2021. A Sale Price to List Price of 102 percent was recorded, with five of the six homes selling above the list price. The homes sold ranged in price from $359,350 to $ 692;000 built between 1957 and 1990 with square feet from 1,416 to 4085
Home Prices In June 2022
The average Red Hook sale price in June at $524,046 was more than the $440,450 recorded at the same time last year.
A median sale price of $521,462 was recorded for this June compared to 400,000 for June 2021.
Comparison of June 2022/2021 home sales
| Comparison | 2021 | 2022 |
| Average List | $ 428,970 | $ 511,650 |
| Average Sold | $ 440,450 | $ 524,046 |
| Median List | $ 424,000 | $497,450 |
| Median Sold | $ 400,000 | $521,462 |
| Sales | 10 | 6 |
| DOM | 51 | 72 |
Other market activities in June 2022
There were four homes added to the inventory, priced between $365,000 and $799,000 with square feet from 1,177 to 3,516. These homes were built between 1960 and 2024.
Seven homes received offers, built between 1860 and 2009 with square feet from 1144 to 4000. These three to five-bedroom homes were priced between $305,000 and $995,000.
Three homes went under contract, priced from $299,000 to $599,000, and were built between 1870 and 1930 with square feet from 1,176 to 1,700.
| Active | 4 | Offer | 3 | |
| Average List | $612,225 | Average List | $607967 | |
| Average Days on market | 18 | Average Days on market | 43 | |
| Average Square Feet | 2,308 | Average Square Feet | 2,066 | |
| Average $/Square Feet | 266 | Average $/Square Feet | 294 | |
| Offer CS | 4 | Contract | 3 | |
| Average List | $562,250 | Average List | $449,000 | |
| Average Days on market | 42 | Average Days on market | 35 | |
| Average Square Feet | 2,188 | Average Square Feet | 1,452 | |
| Average $/Square Feet | $257 | Average $/Square Feet | $309 |
Town of Red Hook sales in June 2022
| Sales | 2022 | Location | Price | |
| Average List | $511,650 | Route 9G | $359,350 | |
| Average Square Feet | 2,530 | Beech St | $515,000 | |
| Average $/Square Feet | $202 | Manor | $520,000 | |
| Average Sold | $524,046 | Manor | $522,925 | |
| Average $/Square Feet | $207 | Elm | $535,000 | |
| Sales | 6 | E. Willet | $692,000 | |
| DOM | 72 |
The Village of Red Hook NY Home Sales In June 2022
In the village, there were no sales in June of homes listed on the Mid Hudson MLS when compared to four at the same time last year.
Two homes were added to the inventory, one a 992 square foot home priced at $350,000 and the other a 1,437 square feet home priced at $399,000.
There were two homes under contract. One home with 2,200 square feet and priced at $429,000. The other is a 3,200-square foot home priced at $475,000.
| Active | 2 | Contract | 2 | |
| Average List | $374,500 | Average List | $452,000 | |
| Average Days on market | 8 | Average Days on market | 283 | |
| Average Square Feet | 1,214 | Average Square Feet | 2,700 | |
| Average $/Square Feet | $308 | Average $/Square Feet | 167 |
**Data used in this report was obtained from the Mid Hudson MLS. Deemed reliable but not guaranteed. Late reporting could result in a change in the number of sales.
A few real estate observations
Due to inflation and higher mortgage rates, some home buyers have decided to take a pause on their desire to purchase a home.
There is a more noticeable price reduction in homes listed for sale.
Some homes are still getting multiple offers
It is a better strategy to price a home a bit lower to attract more interest, get more offers and a higher price, instead of pricing higher and then finding it necessary to reduce the price one or more times before getting an accepted offer.
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