Rhinebeck has become a place so sought after that the real estate market has been red-hot since the late 1990s. In 2007, the median price of single family detached residences in the town of Rhinebeck was $389,000; there were 37 sales at an average price of $580,774. The median price of single family detached residences in the village of Rhinebeck was $390,000; there were 22 sales at an average price of $487,977. Since 2008, Rhinebeck’s real estate market has been experiencing noticeable hardship, and prices have come down significantly. The time on the market was significantly longer and the price reductions were common. This year, it is projected that prices will continue to decrease but at much lower rate and the market has shown signs of stabilization. The activity level is picking up thanks to the mild winter.
In Janurary, there are 63 listings active in the town of Rhinebeck, and 21 in the village. There were three sold in the town of Rhinebeck and three in the village of Rhinebeck.
It is a great time to buy in Rhinebeck!
Pingback: Buying Rhinebeck Real Estate | Rhinebeck Real Estate Guide