Red Hook NY home sales in September 2022 revealed a sale of $18,500,000
Market update Red Hook NY home sales in September 2022
Red Hook NY home sales in September 2022 of single-family homes came in at ten, six more than in September 2021. The Sale Price to List Price was 79 percent due to the most expensive home selling at $6,500,000 below the list price.
Homes sold in September ranged in price from $389,000 to $18,500,000 built between 1851 and 2009 with square feet from 1,546 to 16,608.
Single Family home price in September 2022
Red Hook NY’s average sale price in September was $2,372,600 which was more than the $941,875 recorded for the same time last year when there were no million-dollar sales.
A median sale price of $577,000 was recorded this September compared to 959,250, for September 2021.
Comparison of September 2022/2021 home sales
| Comparison | 2021 | 2022 |
| Average List | $ 948,750 | $ 3,009,190 |
| Average Sold | $ 941,875 | $ 2,372,600 |
| Median List | $ 962,000 | $ 562,000 |
| Median Sold | $ 959,250 | $ 577,000 |
| Sales | 4 | 10 |
| DOM | 40 | 44 |
Other Red Hook market activities during September 2022
Six homes were added to the inventory, priced between $320,000 and $2,425,000 with square feet from 1,004 to 4.990 These homes were built between 1909 and 2023 and included one new construction.
Five homes received offers, built between 1900 and 2015 with square feet from 1,539 to 2,932. These three and four-bedroom homes were priced between $383,000 and $1,150,000
Four homes went under contract, priced from $280,000 to $695,000, built between 1935 and 1987 with square feet from 891 to 2,656
Other real estate activities in September 2022
| ACTIVE | 6 |
| Avg. List | $1,110,650 |
| Avg. DOM | 13 |
| Avg. Sq. Ft. | 2,698 |
| Avg $/Sq, Ft | $412 |
| OFFER | 3 |
| Avg. List | $504,000 |
| Avg. DOM | 47 |
| Avg. Sq. Ft. | 2283 |
| Avg $/Sq. Ft. | $221 |
| OFFER CS | 2 |
| Avg, List | $837,500 |
| Avg. DOM | 109 |
| Avg, Sq. Ft | 2228 |
| Avg $/Sq. Ft | $376 |
| Contract | 4 |
| Avg. List | $411,250 |
| Avg, DOM | 51 |
| Avg, Sq. Ft | 1,387 |
| Avg. Sq. Ft | $297 |
Home Sales in Red Hook in September 2022
| Sales Data | 2022 |
| Average List | $3,009,190 |
| Square Ft | 3,870 |
| Average $/Sq Ft | $778 |
| Average Sold | $2,372,600 |
| Average $/Sq Ft | $613 |
| Sales | 10 |
| DOM | 44 |
Locations of Red Hook home sales in September 2022
| Location | Price |
| Birchwood Dr | $389,000 |
| Whalesback Rd | $420,000 |
| Apple Tree Dr | $425,000 |
| Feller Newmark | $553,000 |
| Wildey Rd | $570,000 |
| River Rd | $584,000 |
| Elm St | $617,000 |
| Fraleigh Ln | $683,000 |
| North Dr | $985,000 |
| Eden Knolls | $18,500,000 |
The Village of Red Hook NY home sales In Septrmber 2022
In the village, there were three sales in September 2022 compared to none at the same time last year. The sale price to list price came in at 101 percent.
The homes sold ranged in price from $350,000 to $390,000, built between 1950 and 1970 with square feet from 992 to 1,160
One house was added to the inventory, and another went under contract.
Comparison of September 2022/2021 home sales
| Comparison | 2021 | 2022 |
| Average List | – | $ 366,667 |
| Average Sold | – | $371,667 |
| Median List | – | $365,000 |
| Median Sold | – | $375,000 |
| Sales | – | 3 |
| DOM | – | 41 |
Activities In September 2022 Village of Red Hook NY
| New | 1 |
| Avg. List | $499,900 |
| Avg. DOM | 1 |
| Avg. Sq. Ft. | 2,,559 |
| Avg $/Sq. Ft | $195 |
| Contract | 1 |
| Avg. List | $469,999 |
| Avg, DOM | 19 |
| Avg. Sq. Ft. | 1530 |
| Avg $/Sq. Ft | $307 |
Village of Red Hook NY home sales in September 2022
| Sales | 2022 |
| Average List | $ 366,667 |
| Square Ft | 1,059 |
| Average $/Sq Ft | $346 |
| Average Sold | $371,667 |
| Average $/Sq Ft | $351 |
| Sales | 3 |
| DOM | 41 |
Sale Location in the village September 2022
| Location | Price |
| Brenner Rd | $ 350,000 |
| Garden | $ 375,000 |
| Phillips | $ 390,000 |
Real estate observations
Thirty-year mortgage rates at the time of writing this report were up over seven percent compared to less than half that earlier in the year, This has resulted in some potential home buyers being priced out of the housing market. Those who can still make a purchase are doing so at a much higher cost.
More sellers are making reductions in their list price to get a faster sale.
It is a better strategy to price a home a bit lower to attract more interest. Doing this could lead to more offers and a higher price. Pricing higher could make it necessary to reduce the price one or more times before getting an accepted offer.
Finding affordable housing or rental is still a challenge.
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