Values, Transactions, Pending and Contingent Sales All Showing Increases over 2009 YTD!

2nd Quarter stats for residential homes in Carroll County, New Hampshire report a marginal increase in new listing activity and back on the market properties when compared to last year. 2nd quarter active listings for 2009 reported 274 residential homes for sale, while today’s volume reports 319 active listings resulting in a 16.4% increase. Another important fact to note…residential property values are now on the rise averaging a 17% increase within the County vs. 6.7% for the whole of New Hampshire. The County is not only seeing increased value, we have also reported an increase in the volume of successful sale up 30.6%, while reducing the number of days on the market by 18.8%. Interest rates remain low but today’s lender qualifications are more stringent than days gone past and many interested buyers just don’t qualify. Sellers remain motivated and many listings offer great value for the investment. It continues to be a “buyers market.” Read the rest of this entry »

Mid-Year Commercial Property Market Report 2010 – New Hampshire

New listings, back on the market, expired listings and withdrawn commercial listing all DOWN; while pending sales, contingent contracts, successful closing and overall property values are UP.

• 1,658 New listings… down 3.3%
• 587 Commercial listings Back on the Market…down 7.1%
• 186 Pending Contracts…up 16.3%
• 116 Contingent Sales…up 8.4%
• 1622 Expired Listings…down 4.4%
• 285 Commercial listings were Withdrawn…down 21.3%
• 178 Commercial properties resulted in a successful close…up 32.8%
• $298,495.00 Average price of Commercial Sales…up 5.6%
• 236 Average DOM (Days on the Market)…up 15.7%
• Lowest Sale Price… $10,000., 6 Folsom Road, Ossipee  |The sale realized 60% of its original asking price, and spent a reported 37 DOM
• Highest Sale Price…$3,750,000., 30 Maplewood, Portsmouth|The sale realized 100% of its asking price and spent a reported 184 DOM Read the rest of this entry »

July market stats reflect a 1 ½+ year supply of available homes and a 12.5% decrease in new Wakefield Residential Listings. Successful sales are also down 33.3% over last year’s MTD transactions.  The time it takes to experience a successful sale has increased 16.6%.  It continues to be a “Buyers” market…inventory remains at an all time high with a reported 170 active residential listings; there is a property to satisfy just about every potential buyer actively searching for a suitable home within the value range of $49,900 to $1,250,000. Read the rest of this entry »

Property Values and Sales are Up while Overall Market Activity Remains Sluggish!

The July market reports a 42% decrease in new Wolfeboro Residential Listings, property owners are reluctant to place their home on the market while inventory remains at some of the highest levels in years.  Back on the Market homes have seen a 100% increase over 2009’s MTD stats.  Pending sales combined with Contingent contracts were up 13.3%, and Sold homes reported a 125% increase.  The average DOM (Days on the Market) had a slight increase of three days over last July, reporting an average of 126 days.  The flip side to this scenario is while 9 homes sold in July the residential inventory remains high with 194 active residential listings valued between the low of $35,000. and the high of $11,950,000.  Interest rates remain low however, lender qualifications are stringent and many potential buyers just don’t qualify.  Sellers remain motivated and many are offering great value for the investment.  Wolfeboro’s property values are up over last year’s MTD values by 17%. Read the rest of this entry »

OVERVIEW : Utilizing NNEREN  ( Northern New England Real Estate Network ) data generated since  2002 for Nashua, Amherst and Hollis, NH ,   there were solid indications that luxury homes bottomed-out  in 2008 and then began bouncing off that bottom and moving up during 2009 ( FYE 2009 – Executive Homes Market Blog) and the first quarter of 2010  ( 1st Qtr 2010 – Executive Homes Market Blog) .  “Cautiously Optimistic”  became the watch word.   Prices holding  to rising – number of transactions ( homes sold) still lagging however. Read the rest of this entry »

The June market reports an 83% decrease in both new Wolfeboro Residential Listings and Back on the Market homes over 2009’s MTD stats.  Pending sales and Contingent contacts were up 50%, while Sold homes reported a 260% increase.  The average DOM (Days on the Market) has decreased with June reporting an averaged 94 day window to receive an offer to purchase.   The flip side of this scenario is while 13 homes sold in June the residential inventory remains high with 193 active residential listings valued between $35,000. and $11,950,000.  Interest rates are the lowest in our lifetime, sellers’ motivation remains high, property values appear to be leveling…but qualified buyers are far and few between. Read the rest of this entry »

June market stats reflect a 2 ¼ year supply of available homes!  There is a 63.8% increase in new Wakefield Residential Listings; and successful sales are down 54.5% over last year’s MTD transactions.  The time it takes to experience a successful sale increased from 4.2 months to 4.7 months.  Bottom line…today’s buyers have even more to choose from…current inventory remaining high with 175 active residential listings ranging in value between $49,900. – $1,250,000. Read the rest of this entry »

The May market reports a 50% decrease in new Wakefield Residential Listings; while Back on the Market homes have increased better than 33% over 2009’s MTD report.  Homeowners who had previously exhausted their contract terms, options or patience are returning for a 2^nd opportunity to be one of the counted in the 140% increase in successful sales and transfers… combine that with 53% increase in sale prices and you have signs of an improving market.  The time it takes to experience successful results increased from 3.1 months to 5.3 months, reality is buyers have a lot to choose from; inventory remains high, interest rates remain low and sellers are motivated. Read the rest of this entry »

The May market reports a 39% increase in new Wolfeboro Residential Listings; while Back on the Market homes are down 30% over 2009’s MTD report.  Homeowners who had previously exhausted their contract terms, options or patience are returning for a 2^nd opportunity to be one of the measured in the 57% increase in successful sales/transfers… combine that with 29% increase in sales price and you have signs of an improving market.  The time it takes to experience a successful sale has also decreased from 5.3 months to 4 month…buyers still have a lot to choose from, but maybe they’re finding their dream homes in a shorter period of time; inventory remains high, interest rates remain low and sellers are motivated. Read the rest of this entry »

There’s is much to be said about the month of March and despite April showers, the early months of Spring bring new growth all around and home sales are no exception to the city of Concord.

The single family residential market did extraordinary well in comparison to a sleepy winter period.  No surprises, however as warmer weather tends to spark both buyers and sellers.  For the month of March there were 24 sales transactions followed by a high of 29 for April.  The bitter-sweet statistics show there were 4 short-sales (homes selling for less than what they owe on the property) and 7 foreclosures in March followed by only 2 short-sales and 1 foreclosure for April.  Sales that occurred on either a foreclosure or a short-sale were as follows: Read the rest of this entry »