Bedford, NH – Single Family Homes Sales Remain Steady in November, 2009
December 3rd, 2009by Susan Crush
Sale Prices Up 9% in November. The number of sales reported in Bedford for the month of November was down just slightly from October figures but the average sale price rose about 9% at $357,318 with a median price of $350,000. Sellers received an average of 96% of their asking price which indicates that the homes sold were priced attractively. The average time on market of these sales was 69 days which is also indicative of favorable pricing.
Bedford Home Sale History. Looking at the Bedford single family home market over the past five years for November, the number of sales in 2009 is not off by much but home prices have dropped considerably.
- 11/08 17 sales $405,024 – average sale price
- 11/07 12 sales $414,450 – average sale price
- 11/06 24 sales $406,721 – average sale price
- 11/05 24 sales $533,762 – average sale price
- 11/04 28 sales $390,168 – average sale price
As of this posting, there are 112 homes for sale in Bedford at an average asking price of $644,933. There are eleven homes price from $900,000 to $999,999 and ten homes price from $1,000,000 to $2,450,000. These 21 homes are driving up the current average asking price and many of them have been on the market between 6 months to well over a year.
There are 14 homes in contract waiting for contingencies to be cleared and 6 homes in contract awaiting closing of escrow. The average asking price is $359,945 with a median price of $326,950.
Of course it remains to be seen if the recently passed tax incentive for “move up” buyers will increase home sale activity. Buyers must have a written Purchase and Sales Agreement signed by all parties no later than April 30, 2010 and must close by June 30, 2010 in order to receive this credit. This could generate good activity over the winter months which are typically very quiet in New Hampshire.
Contributed by Susan Crush, Associate Broker, REALTOR®, Bean Group
Based on information from the Northern New England Real Estate Network, Inc. for the period November 1, 2009 to November 30, 2009 and November, 2004, 2005, 2006, 2007 and 2008.
