News > Rhinebeck Real Estate Market
Rhinebeck Real Estate Market
| One Year Activity | Homes 0-$499K | Homes $500K + |
|---|---|---|
| Active on the Market | 71 | 55 |
| Sold | 47 | 11 |
| Under Contract | 6 | 3 |
The take away from this snapshot of the Rhinebeck Real Estate Market is that 79% of the homes sold or under contract are under $500,000 - leaving 21% of the homes sold or under contract in the Rhinebeck Real Estate Market over $500,000. This percentage difference is not a reflection of the total homes available for sale in the Rhinebeck Real Estate Market. The homes which are currently available over $500,000 are 44% and those under $500,000 are 56%. The significant difference between the homes sold and under contract in the two price points can be attributed to the economy,tax credit for the first time home buyers, low mortgage rates for non - jumbo loans and the lack of jumbo mortgage availability.
Source: Mid-Hudson Multiple Listing Service Inc (MHMLS)
These figures do not represent the total real estate sales in Dutchess County.
They do reflect the sales activity of the MHMLS, which comprises the largest sales volume sampling.
Dirt Road Realty is defining Rhinebeck Real Estate Market as Rhinebeck School District = Rhinebeck Village and Town and surrounding area that designated to Rhinebeck Schools.
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