Market news from New Hampshire REALTORS:
A strong sellers' market continues after a first quarter in which New Hampshire price increased, sales decreased, and inventory dropped dramatically.
Among the highlights:
- Closed sales: The 1,083 March residential sales were just four off the sales pace of March 2016 and represented the second-most in the month in more than a decade. First quarter sales (2,747) were down by 3.4 percent from a year ago, but still a substantial uptick from first quarter 2015.
- Median sales price: At $244,900, it was the highest priced March since 2007 and a 4.2 percent increase from March 2016. The first quarter saw a 5.6 percent increase year over year, to $245,000 in 2017.
- Inventory numbers are the lowest in NHAR's recording period, dating back to 2005.
- The number of residential homes for sale at the end of March was 4,902, a 32 percent drop from a year ago. By comparison, there were roughly 12,000 for sale at the end of March 2010.
- Months supply, meaning the number of months it would take to sell off the current inventory at the current sales pace, is at 3.3 months, a 35 percent drop from just a year ago. There was nearly 17 months supply in 2009.
There's plenty more information where that came from. The New Hampshire REALTORS market report includes 10 different categories and historical data going back to 2006, as well as county-level data. Also included below is the long-term statewide data, dating back to 1998.
- For the complete March 2017 report, click here.
- For the first quarter 2017 report, click here.
- For past monthly reports, click here.
- For statewide and county level data from 1998 to 2016, click here.
If you have questions, please contact NHAR Communications Director Dave Cummings at email@example.com or 603-225-5549.
Listen to our Broker Associate, Donna Forest, and Jim Giller of Mascoma Savings Bank talk about our area's real estate market. View the beautiful home in Sunapee that Donna is representing for sale. Own a piece of Heaven on Earth! Click on the link: https://www.youtube.com/watch?v=o3rO109Ol0g&feature=em-share_video_user
New Hampshire Realtors has published the stats for NH residential and condominium properties sold in the month of January. To see the report, click here.
Come enjoy tennis, golf, hiking, cross-country skiing, the lake and all the Eastman community has to offer. This picturesque cape nestled in the trees has a first floor master bedroom, kitchen open to the dining area, stainless steel appliances, vaulted ceilings, French doors, and finished lower level with plenty more living space. Large deck is great for BBQs and outdoor entertaining. Natural landscaping with minimal yard work means you can have time to enjoy all the activities. Eastman buy-in fee is $5,000. Offered at $189,900. For more photos and information, go to http://tour.circlepix.com/home/P7KTNF/3-Slalom-Drive-Grantham-NH-4619027
Donna Forest, Listing Broker, 603-526-4116
This 226 acre parcel has 360 degrees of spectacular views - Cardigan Mountain, Ragged Mountain, the Belknap Range, Mt. Kearsarge, Mt. Sunapee, the Windmills of Lempster, Gray Ledges, and Corbin Park. A gradual driveway to the top allows enjoyment of the beautiful vistas. The property is in "Current Use". Owner is a licensed NH real estate agent. Come build your dream home! Offered at $499,000. Emily Campbell, Listing Agent, Better Homes & Gardens Real Estate/The Milestone Team, 224 Main St., New London, NH, 603-526-4116
Country roads, take me home! If you are looking for country comfort where you can hear the wind whispering through the trees, then come look at this contemporary. You'll be captured by the dramatic cathedral ceiling in the living room which is flooded by sunlight through the skylights and two sets of glass sliders. Warm woods and stone blend home and nature. The efficiently designed kitchen offers ample cabinets and counter space so you can cook to your heart's content. Bonus - there is a large separate pantry for extra storage. The spacious first floor master bedroom has its own private covered deck, just right for enjoying a quiet morning cup of coffee before starting the day. Privately set back from the road, a large backyard perfect for croquet, a sunny deck and a covered porch for evening cocktails - isn't it time to enjoy this casual lifestyle? But wait, there's more as this also comes with a delightful two bedroom cottage on the land (not seen from the main house). Ideal for rental income, an in-law dwelling, artist studio, etc. It's time to come home to the quiet life! For more photos and details, visit www.NHCountryHome.com. Offered at $254,000.
Donna Forest, Listing Broker, 603-526-4116
Imagine the possibilities! With convenient access to Mount Sunapee and within walking distance to all the activity of Sunapee Harbor, you can bring your extended family to enjoy this wonderful neighborhood setting. Or, with a little elbow grease, restore this home back to a popular Bed & Breakfast and enjoy living in your attached two bedroom owner's quarters. 9 bedrooms, 5+ baths. Live and work where you play! For more photos and details, visit http://tour.circlepix.com/home/VRKPRB. Offered at $465,000.
Anne Marie Appel, Listing Agent, 603-526-4116
Don't miss this freshly painted Colonial in Newbury. Nice location, near Baker Hill Golf Course. 3+ bedrooms, 2.5 baths, large family room and attached two car garage. Sip your morning coffee on the wraparound deck and listen to the birds. Offered at $259,000.
Emily Campbell, Listing Agent, 603-526-4116
Planting one tree isn’t a huge effort. You’ll be helping our planet, too. Plus, once the tree is established, it’s about as low maintenance as a landscape can get — and the difference it can make to your yard lasts for decades. The key is to choose a tree that adds interest to your landscape in the form of color, shape, and texture.
There are a ton of trees to choose from, but to play it safe, try a Japanese maple. Many are suitable for most any climate. They all offer color, form, and texture that can liven any landscape.
2. Tap Into the Colorful Punch Mulch Can Make
Mulch is one of the easiest ways to add both color and texture to the entire yard. “Next to a green lawn, coffee bean-colored mulch is a great contrast,” says Paul Fraynd, owner of Sun Valley Landscaping in Omaha, Neb.
If a dark roast isn’t your preference, there’s a a multitude of mulch colors that can spice up your bland landscape. Red, black, gold, cedar-toned — you choose.
For something truly unique, try pine cones. They introduce a knotty texture that breaks up the monotony of flat lawns and box-like shrubs.
The point is that mulch is easy: Choose a cool color and texture, then dump it, spread it, and forget it.
“Keep it away from wood or siding, though,” warns Fraynd. “It can rot the wood and may attract insects.”
3. Get Edge-y
Look along your walkways and garden beds. If your lawn just seems to morph into your shrubbery or threatens to take over your front walk, some unique edging could perk up your yard. No pruning, cutting, or watering required.
Define a walkway with some personal or found items, says Missy Henriksen, vice president of public affairs for the National Association of Landscape Professionals.
“Colored hockey sticks can line a path or wine bottles planted neck down in the soil,” just make sure you do the entire path. “Two or three wine bottles lining a path might look like leftovers from last night’s party,” she says.
If you want to keep it all in the plant world, low-maintenance ground covers are an excellent choice for edging, she adds. Try lily of the valley, vinca, lamb’s ears, and pachysandra. Some of these add color, others texture, she says.
4. Create a Focal Point That’s All About You
Your own passions and pleasures are great inspiration to add color and texture to your landscape. Try creating a focal point with something that brings back a happy memory, says Henriksen, like your old toy truck, tricycle, or wagon. Turn it into a colorful planter.
Lately this is a sentiment many of us have about the real estate market as it seems to have come alive these last few months! This opitmism is backed up by figures just released by the NH REALTORS® as NH home sales saw its most February sales since February 2002, up 27%. Cumulative sales for this January and February increased 25% compared to January and February 2015. While only a 2 month comparison, it certainly is positive news. The median sales price statewide saw no change from last year, however prices may start creeping up if our low inventory persists. Right now it seems we may have more buyers than we have houses to sell! For example, currently New London has 40 homes for sale and last year there were a total of 60 homes sold. This may change as sellers usually start entering the market in April and May, the beginning of our "true" selling season. However, all things considered, there is good cause to be optimistic about the real estate market being alive in 2016!
If you've been on the fence about selling, this may be the right time to list. Contact me for realistic and professional advice on getting your house sold. 603-526-4116, Donna@DonnaForest.com, www.DonnaForest.com