Rhinebeck NY real estate September 2017 sales doubled

Rhinebeck NY real estate September 2017 update

The Rhinebeck NY real estate September 2017 market update showed sales more than doubled going from three in September 2016 to seven this September. The sale price to list price was 89 percent due to a drop in more than half a million dollars in one of the properties sold.

Rhinebeck NY home sales September 2017

The average price was higher this September however the median price came in lower (see chart below).

Homes sold ranged in price from 199,000 to $3,100,000.  These three and four bedroom homes were built between 1960 and 1999 with square footage from 1904 to 8541.

Compared to September 2016, homes this September were on the market thirty-two fewer days, going from one hundred and twenty-three to ninety-two.

Rhinebeck NY real estate September  2017  sale comparison

                  2016

2017

Average List

                  $ 831,333

$ 958,486

Average Sold

                  $ 680,833

$ 854,286

Median List

                  $ 689,000

 $ 495,000

Median Sold

                  $ 625,000

 $ 480,000

Sales

                       3

7

Dom

                     123

91

During the month nine homes were added to the Rhinebeck inventory of homes for sale.  These homes ranged in price from $289,000 to $3,903,000.  These mostly three bedroom homes were built between 1920 and 2017 and had square footage from 1620 to 7,500.

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Rhinebeck NY real estate September 2017

There were two homes with offers, both three bedrooms, one from 1930 and the other from 1971 with square footage just over 2000 square feet and priced in the $300’s. (see table below)

Activities for Rhinebeck Real estate September 2017

Active 8
Avg. List $ 940
Avg. DOM 18
Avg Sq. Ft 2947
Avg $/Sq. Ft $ 319
New 1
Avg. List $ 399,000
Avg. DOM 1
Avg. Sq. Ft. 2170
Avg $/Sq. Ft $ 184
Offer 1
Avg. List $359,000
Avg. DOM 113
Avg, Sq. Ft. 2173
Avg $/Sq. Ft $165
Offer CS 2
Avg. List $ 402,500
Avg. DOM 153
Avg. Sq. Ft. 2552
Avg $/Sq. Ft $ 158
Sold 7
Avg. List $ 958,486
Avg. DOM 91
Avg. Sq. Ft. 3177
Avg.$/ Sq. Ft. $302
Avg. Sold. $ 854,286
Avg. $/Sq. Ft. $ 269

 

Rhinebeck  real estate sales September 2017

Location Sale Price
Rhinecliff Rd   $ 199,000
Edgewood Dr   $ 271,000
Primrose Hill RD   $ 340,000
Cedar Heights Rd   $ 480,000
Slate Quarry Rd   $ 665,000
Slate Dock Rd   $ 925,000
Morton Rd  $3,100,000

In September 2017 there were no sales in the village, however, three homes were added to the inventory ranging from $295,000 to $839,000.  These homes were built between 1900 and 2011 with square footage from 1012 to 3235.

One home received an offer and another went under contract. (see chart below)

Village Rhinebeck  NY real estate September 2017 comparison

2016 2017
Average List                  $ 448,000             $  –
Average Sold                  $ 458,000             $  –
Median List                  $ 448,000             $  –
Median Sold                  $ 458,000             $ –
Sales                         1                   –
Dom                      123                –

Village of Rhinebeck real estate September 2017 activities

Offer 3
Avg. List $ 610,667
Avg. DOM 17
Avg. Sq. Ft. 2256
Avg $/Sq. Ft $ 233
Offer CS 1
Avg. List $ 299,000
Avg. DOM 46
Avg. Sq. Ft. 1286
Avg $/Sq. Ft $ 233
Pending 1
Avg. List $ 450,000
Avg. DOM 40
Avg. Sq. Ft. 2247
Avg $/Sq. Ft $200

Previous market reports

January

February

March

April

May

June

July

August

This report was prepared using data from the Mid Hudson MLS.  Information deemed reliable but not guaranteed.