Residential home sales in New Hampshire saw a year-over-year increase for the 20th consecutive month in July, outpacing July 2012 by 23 percent, while the price of those homes was up by 11 percent for the month as well. There were 1,637 residential sales in July, compared with 1,331 from a year ago, marking the most sales in a single month since August 2005. With a median price of $230,000 (compared with $207,900 in July 2012), it added up to a 37 percent increase in overall July sales volume, meaning the total dollars exchanged in those transactions. “I read somewhere that it won’t be long before the ‘housing recovery’ is simply referred to as ‘housing,’” said 2013 New Hampshire Association of REALTORS® President, Bill Weidacher. “We no longer have to qualify the recovery as a hypothetical or as something that we’re forecasting or dreaming about. It’s here.” Year to date numbers in 2013 continue to be on the upswing as well. For the first seven months combined, compared to 2012, closed sales are up 12 percent, median price is ahead by 10 percent, and sales volume saw a 17 percent increase. The average days on the market for sold homes, meanwhile, dropped by 18 percent in July, from 107 days in 2012 to 88 days this year. The year to date comparison is a 13 percent decline, from an average of 118 days on the market over the first seven months of 2012 to 103 in 2013. Pending sales, a forward-looking sales indicator, increased by 23 percent in July and has risen 12 percent year to date. And months’ supply, which measures the number of months it would take to sell of the current inventory of homes at the current pace of sales, dropped from nearly 15 months in July 2012 to 11 in July 2013. “We’ve been in a buyers’ market for so long, some of those relatively new to the business are seeing things lean back toward the sellers for the first time,” Weidacher said. “There’s certainly more balance in the market than we’ve seen in years.” Condominium sales in New Hampshire, meanwhile, trended similarly in July, ahead by 25 percent in closed sales, 14 percent in median price, and 35 percent in sales volume. Year to date, those numbers are 15 percent, 7 percent and 22 percent, respectively. Locally, nine of the 10 New Hampshire counties saw residential unit sales increases in July, with Sullivan County the only exception, and nine of 10 witnessed July median price increases as well, with only Coos seeing a decline. July 2013 data NHARSource: Press Release, Dave Cummings, NHAR Director of Communications, Concord, NH
Come enjoy the beautiful views out across Little Lake Sunapee. Charming cottage in a tranquil setting surrounded by conservation land. Dock and sandy beach across the road. Timber Peg post and beam master bedroom addition in 1985 with exposed beams, cathedral ceiling and stained glass window. 4 bedrooms, 2.5 baths, offered at $482,500. For more information and details, visit www.NHLakesideCottage.com
Marilyn Kidder, Listing Broker, 603-526-4116
Known for service, trusted for results – Coldwell Banker Milestone Real Estate.
Turn key vacation home on Lake Kolelemook. Enjoy the summers on the beach or boating on this 99 acre lake where the fishing is great and golf nearby. Long lake views and easy access to local ski areas and snowmobile trails for winter fun as well. All furnishings included. 2 bedrooms downstairs and one large room upstairs with four twin beds. Offered at $239,000.
Jane Snow, Listing Agent, 603-526-4116
You’ll be moving in the right direction with Coldwell Banker Milestone Real Estate.
Every buyer wants to purchase at a great price and a low mortgage rate as that determines the monthly cost. Here’s how today’s buyers are being impacted: Price – Based on a home price expectation survey released by Pulsenomics on Aug. 8, more than 100 forecasters predict a 6.7% annual gain in home values for 2013. This rate is expected to slow to approx. 4.4% in 2014 and about 3.5% for the following 3 years. In other words, if you were waiting for the bottom of the market to buy, you’ve missed it. Prices are going up. Mortgage Rates – The Bankrate Mortgage Trend Index released Aug. 15 shows that 67% of the experts and Bankrate analysts believe rates will rise over the next week or so. Most experts believe the interest rate will level off between 4.5 and 5%. The Feds have artificially kept rates low in order to stimulate the economy. According to Frank Nothaft, Freddie Mac’s VP and chief economist, “as the economy continues to improve, we expect to see continued upward movement in long-term interest rates.” In other words, mortgage rates are going up. Increases in prices and rates impact you; your housing expense will be more a year from now if a mortgage is necessary to purchase your home. My advice is to buy now - it could lead to substantial savings. Contact me to work with the 2013 REALTOR® of the Year! Donna Forest 603-526-4116, donna@donnaforest.com, www.donnaforest.com
I’m sure you’ve heard on the news how prices and sales are going up nationwide. It is even true for the state of NH when all sales are taken into account. I hear the seacoast and southern part of the state are hopping. However, all markets are local, and looking at our area statistics, we have yet to experience a significant upswing in activity. The data below shows sales are even or a little ahead of 2012 YTD. New London - Currently 92 Homes for Sale 2013 36 Sold 92% of Asking 164 Ave. Days on Market (DOM) 2012 33 Sold 95% 209 DOM Newbury- Currently 63 Homes for Sale 2013 24 Sold 91% 156 DOM 2012 19 Sold 95% 124 DOM Sunapee – Currently 77 Homes for Sale 2013 30 Sold 92% 209 DOM 2012 30 Sold 93% 176 DOM Our market is moving in the right direction; just not as quickly as other parts of the state. Bottom line, buyers should be taking advantage of the low prices and low rates NOW! Sellers – do not overprice – it is still a buyers’ market! Contact me to work with a REALTOR® who understands how the market impacts you. Donna Forest, Broker Associate, 603-526-4116 donna@donnaforest.com; www.donnaforest.com Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate
Price reduced from $749,500 to $699,000! This wonderful 4 bedroom home has had recent, quality upgrades and the flow of the home is great for entertaining. Many spaces to relax in and make memorable experiences with friends or family. Swim in your heated, saltwater, in-ground pool and enjoy a cocktail on the patio. There's even an ice hockey rink complete with a drainage system! For more photos and details, visit www.NHCustomColonial.com
Emily Campbell, Listing Agent, 603-526-4116
Teamwork from the Team that works – Coldwell Banker Milestone Real Estate.
There's a lot to do in the Lake Sunapee Region this weekend. It's the start of the week long League of NH Craftsmen's Fair at Mt. Sunapee Resort, Newbury, NH. Hundreds of juried members display their crafts for all to purchase. Open 10-5pm daily. Entertainment and interactive activities for all. Another big event is The New London Hospital Days. Click here for details and schedule of events. There are also plenty of area hiking trails, the Lake Sunapee State Park and Beach, kayaking, shopping and great dining you won't want to miss. Visit our Calender of Events to see what else is happening in the area.
This incredible home has it and more! Beautiful, 4 bedroom contemporary home, separate guest quarters, studio (currently a state of the art ceramic facility), 2 bedroom apartment above, wood shop, sugar house, salt shed, and roadside barn. The grounds are impeccable throughout 15 acres and boasts fantastic mountain views. You won't be disappointed. Offered at $1,375,000. Visit www.NHPrivacyandViews.com to see more photos and details.
Marilyn Kidder, Listing Broker, 603-526-4116
Known for service, trusted for results – Coldwell Banker Milestone Real Estate.
Then don't miss the Hay Day Family Festival at The Fells in Newbury on August 10th. Enjoy old-fashioned games, music, children’s art projects, scavenger hunt, petting zoo, face painting and delicious food. Features a live performance of the New London Barn Playhouse Junior Players at 1pm. While there explore the nature trails, visit the Fairy Village, view the Art in Nature-2013 outdoor sculpture exhibit and the Main House art exhibit, Animals of The Fells. Hourly historic tours of the Main House and a 1pm tour of the gardens offered. Members free, non-members pay site admission. Rain or shine. 456 Route 103A, Newbury, NH, 10-3pm, info 763-4789 or www.thefells.org
This home has even been featured in "Country Home" magazine! You'll love the warm and welcoming country charm this 3 bedroom, 2 bath farmhouse has to offer. Baths have been recently remodeled. The attached barn can hold all your toys. Take an easy stroll to Sutton Village just down the road. For more photos and details, visit www.QuaintNHFarmhouse.com. Offered at $219,000.
Emily Campbell, Listing Agent, 603-526-4116
Known for service, trusted for results – Coldwell Banker Milestone Real Estate.