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: (more…)

It stands to reason, while bears hibernate in the dead of winter, so too do some buyers and sellers.  However, with the start of warmer weather, the condo market in Concord is waking up.  Comparatively, we have seen tremendous sales growth over the last two months.  From 3 sales in both December and January to 7 in February to 8 in March and 7 April, these are signs that sales are gaining momentum. (more…)

Shying away from a year’s length of time on the market, sellers found relief when 7 properties transferred in February.     Selling at a median price of $179,500, condos ranged in price from $123,000 and $220,000.    Of the seven, there no foreclosures or short-sale transfers. (more…)

Coming from a high of sales volumes in the twenties through the fall and early winter, January’s dip to 8 sales could have been concerning, but February finished off both stronger in quantity of sales and less time on the market to sell.

Number of single-family home sales in January – 8

Number of single-family home sales in February – 13 (more…)

Concord ended 2009 with only 3 condominium sales, and January followed suit with the same number.

The following sales occurred:

Island Shores:

14 Great Falls  – ($130,000)

McKenna’s Purchase:

84 Branch Turnpike  – ($195,000)

Cranmore Ridge:

169 Portsmouth Street, #6 – ($205,000)

Taking an average of 173 days to sell, the median sales price for these three properties was $195,000.  There were no sales consisting of foreclosed or short-sale properties (a home selling for below what it is owed upon it) in the month of January.

On average, these condominiums sold for 97% of their last listed sales price.

Based on information from the Northern New England Real Estate Network, Inc from January 1 – 31, 2010.

Contributed by Bethany L. Brenner, GRI, SRES, Realtor, Notary Public

Coming off from a month of seeing 27 single family home sales, December’s quantity of 14 sales was a tad dismal.  Of the 14 properties that did change hands in December, on average it took sellers approximately 148 days to sell with a median sale’s price of $182,250, the lowest median in the last six months (the high was $225,000 in August).  Home prices ranged from a low of $73,500 and a high of $469,900.

Sadly, of the 14 sales, 3 of them were foreclosures:

279 Portsmouth Street – $139,000

11 Grove Street – $157,000

69 Shawmut Street – $235,000

Sales occurred in the following areas:

South End – 14%

Penacook – 21%

E. Concord – 14%

Concord Heights – 7%

West Concord – 14%

Other areas – 29%

Based on information from the Northern New England Real Estate Network, Inc from December 1 – 31, 2009.

Contributed by Bethany L. Brenner, GRI, SRES, Realtor, Notary Public

Keeping a relatively steady level of sales for the second half of 2009, sales dropped significantly in December with only 3 condominiums transferring hands.

The following sales occurred:

Oak Bridge

120 Fisherville, #143 – ($105,000)

Island Shores

34 Great Falls, #34 ($125,000)

McKennas Purchase

84 Branch Turnpike, #125  – ($204,000)

The average length of time it took these three units to sell was 229 days, an all time high for the last six months.

Based on information from the Northern New England Real Estate Network, Inc from December 1 – 31, 2009.

Contributed by Bethany L. Brenner, GRI, SRES, Realtor, Notary Public

November 2009 was a productive month for condominium  sales.  Ten closings occurred during the month resulting in a median sales price of $144,200.  Spread across a broad range, sellers saw prices between $74,350 and $340,000 at the time of closing.

For comparison purposes, there were only 8 transactions in November of 2008, and the average length of time those sold properties were on the market was considerably shorter, 75 days versus 175 one year later.

The following properties sold during the month of November:

Oak Bridge

120 Fisherville Road, #80 – $74,350

Concord Commons

129 Fisherville Road, #35 – $104,000

Riverhill Condominiums

45 Bog Road, C-1 – $118,000

Franklin Square

15 Wyman Street, #52 – $125,500

15 Wyman Street, #21 – $120,000

The Vineyards

8 Merlot, #2 – $164,900

Turtle Pond Village

6 Judith Drive – $175,000

84 Branch Turnpike, #98 – $195,500

179 Mountain Road, #1 – $350,000

49 Misty Oak, #12 – $340,000

While median sales prices and number of sales were up, there were still two properties that were foreclosures and one property that was sold short (requiring the current lien holder to agree to the final sales price.  Property is typically sold for less than what is owed on it.

There are currently 75 condos for sale in the city of Concord, with a median list price of $154,200.  Those properties have been on the market for 227 days.   The trend over the last six month reflects a consistent increase in the number of days properties have remained on the market.

Based on information from the Northern New England Real Estate Network, Inc from November 1 – 30, 2009.

Contributed by Bethany L. Brenner, GRI, SRES, Realtor, Notary Public

In a market more than likely not effected by a first time home buyer’s credit, New London’s November sales statistics remain positive for this small town.  July through October averaged about 6 sales per month with decreasing sales prices.  November changed the course.  Median sales price broke the four hundred thousand mark, coming in at $428,500, eight sales, and lower number of days on the market – 185 from 268 in October.

Sales prices ranged from $255,000 to $645,000.  Buyers paid on average 91 percent of the listed sales price.

List of properties that sold in November:

120 Birch Acres  – $255,000

788 Little Sunapee Road – $295,000

108 Job Seamans Acres – $340,000

237 Brookside – $350,000

1886 King Hill Road – $507,000

881 Morgan Hill  – $522,000

315 Forest Acres Road – $527,500

22 Quail Run – $645,000

There are currently 69 homes for sale in New London with a median list price of $479,000.  These homes have been on the market for 214 days, a 12 percent increase over last month.

Based on information from the Northern New England Real Estate Network, Inc for Month of November 2009.

Contributed by Bethany L. Brenner, GRI, SRES, Realtor, Notary Public

With 20 home sales in September, 24 in October, and 27 in November, Concord saw steady increases this past fall.   Also on the rise was the average number of days these properties remained on the market prior to closing; 131 days in November.

Taking a less than 10 percent change over last month, the median sales price for properties sold was $190,000.  Home sales ranged from $70,000 to $542,000.

On average buyers paid 95% of the list the price for the homes they purchased.

Of the properties that sold in November:

11% were located in the South End

22% in the Penacook area

15% in East Concord

4% in Concord Heights

11% in West Concord

37% in other areas not necessarily grouped into the prior defined locations.

There are currently 175 single family homes on the market,  34 under contract having a median list price of $239,900.   The average number of days those properties have remained on the market is 314.

Based on information from the Northern New England Real Estate Network, Inc for Month of November 2009.

Contributed by Bethany L. Brenner, GRI, SRES, Realtor, Notary Public