April Real Estate Sales And Market Activity For The Town Of Northwood, New Hampshire

Lisa LentzMay 14th, 2009
by Lisa Lentz

There were 4 sales in April of 2009 for the town of Northwood as compared to only 2 in April of 2008. The average days on market was only 133 days vs. 353 days in 2008. The average selling price for April of 2009 was $204,975 as compared to $103,000 in April of 2008. In April of 2008 we had 3 new properties go on the market as compared to this past April we saw 6 new properties listed for sale.

Another interesting statistic is that the number of residential homes in Northwood that reduced their prices during the month of April. In April of 2009 we saw 10 homes reduce their prices during the course of the month by an average of 6.3% or ($11,360) and 11.2% or ($21,485) overall from their original list price when they first went on the market. In April of 2008 we had 11 homes reduce their prices during the course of that month by an average of 7.3% or ($15,736) reduction and 12% or ($27,145) reduction from their original list price when they were first listed for sale.

There are currently 61 homes available for sale in Northwood.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2009 to April 30, 2009.

Contributed by Lisa Lentz, Associate Broker, Bean Group

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