A review of Red Hook NY home sales in July 2023
In Red Hook NY home sales in July 2023 came in at eleven compared to four in July 2022. The Sale Price to the List Price was 97 percent.
These homes ranged in price from $315,000 to $3,755,000, built between 1712 and 2012 with square feet from 1,144 to 6,300
Average and median prices for Red Hook NY home sales in July 2023
The average sale price of these homes was $1,062,173 compared to an average sale price of $513,575 in July 2022 due to a sale of over 3 million dollars this year.
A median sale price of $610,000 was recorded this July, which was higher than the $548,250 last July
This July homes were on the market for an average of 96 days, compared to 67 days at the same time last year.
Comparison of July 2023/2022 Home Sales
Other market activities during July 2023
Eight homes were added to the inventory. These homes ranged in price from $465,000 to $1,950,000, built between 1870 and a new construction to be completed in 2024. The square feet of these homes ranged from 1,680 to 3,950
Four homes received offers priced from $379,900 to $1,235,000, built between 1931 and 2023, spanning square feet from 844 to 3,365.
Three homes went under contract priced from $310,000 to $595,000. Built between, 1965 and 1968 with square feet from 1,008 to 2,000.
Breakdown of Red Hook NY home sales in July 2023
|Avg. Sq. Ft.||2,369|
|Avg $/Sq. Ft||$441|
|Avg. Sq. Ft.||2,211|
|Avg $/Sq. Ft||$298|
|Avg. Sq. Ft.||2,104|
|Avg $/Sq. Ft||$384|
|Avg. Sq. Ft.||1,553|
|Avg $/Sq. Ft||$278|
|Average $/Sq Ft||$377|
|Average $/Sq Ft||$368|
|Spring Lake Rd||$391,500|
|Glen Ridge Rd||$579,000|
|Country Club Dr||$875,000|
***Shown on Mid Hudson MLS but was listed on another MLS
Village of Red Hook NY home sales in July 2023
This July one home from 1900 sold in the Village of Red Hook per the Mid Hudson MLS, the same as in July 2022.
The sale price to the list price came in at 90 percent.
Average Sale Price for the Village of Red Hook
The average sale price of the home sold was $350,000, this was down from the sale in July 2022 which sold for $475,000.
Comparison of home sales for 2023 and 2022
Other Real Estate Activities during July 2023
One home priced at $379,000 was added to the inventory, and another home listed at $420,000 received an offer.
|Avg. Sq. Ft.||1,384|
|Avg $/Sq. Ft||$282|
|Avg. Sq. Ft.||2,163|
|Avg $/Sq. Ft||$194|
Home sales activities in the Village
|Average List||$ 389,900|
|Average $/Sq Ft||$282|
|Average Sold||$ 350,000|
|Average $/Sq Ft||$253|
Changes affecting the real estate market
1. Mortgage rates are now over seven percent, the highest in twenty years.
2. Home prices have risen to levels where some potential buyers are priced out of the market.
3. Inventory level is lower since some homeowners who would like to move on can’t do so because purchasing another home would be more expensive.
4. New home construction sales are doing well.
If you are looking for a Red Hook home, you can start your home search here