Despite the mortgage rates, demand continues to exceed supply. The encouraging news is that new listings are up 14.4% statewide thru April. NH sales thru April 2024 increased 5% compared to the same time in 2023 however the median sales price is up 11% at $485,000. Houses are basically selling at 100% of their asking price with an average of 33 days on the market.
A more local snapshot, which includes 10 towns in our area, shows that sales increased 7% thru April with a median sales price of $479,000 ( down 2% from 2023). Homes are on the market an average of 42 days and are selling at asking price.
So what's next for home prices? According to the Home Price Expectation Survey (a survey of over 100 economists, real estate experts, & market strategists), experts are projecting home prices will continue to rise for at least the next 5 years. The percentage of appreciation is expected to be at a much more normal rate, from 3.3% to 4.1%.
Whether buying or selling, contact me if you'd like to make an informed decision on your next move.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
21 Hilltop Place, New London, NH 03257 | Offered at $389,000 | MLS# 4998795
Sunny and bright one floor living. A particularly nice layout with good privacy, as the bedrooms are at opposite ends of the unit from each other. The living room is spacious and well-ventilated. Here, the propane fireplace and dining area, along with sliding glass doors to the outdoor patio, create a great gathering space. The kitchen is updated (2014) with a casual eating area, attractive cupboards and workspace, plus a bonus separate pantry. If one would like, the third bedroom could make a perfect study/office. The backyard stone patio is surrounded with attractive landscaping and quite private. There is a screened option for the patio (now in the garage) which would need to be assembled by the Hilltop crew. This home is located quite near the entrance/exit to Newport Road, close to Hannaford's, the Post Office, and additional shopping and services.
For More Information Contact:
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Marilyn Kidder
W (603) 526-4116
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If you want to sell your home faster and most likely for more money, consider hiring a home stage. Home staging is not decorating or interior design. It is the act of preparing and showcasing a home for sale to attract buyers. A home should be merchandised and marketed just like any other product. Staging is a proven marketing strategy - staged homes present and show better, they sell lifestyle and emotion, and they don't give buyers a reason to offer less money. Buyers are willing to pay a premium for a move-in home. Professionally staged homes stand-out above the competition and also photograph better - a key component in online marketing. It's hard to make the mental leap from this is your home to now being a commodity on the market. Stagers are trained professionals who understand exactly what is needed to get your property prepared for sale. On average, staged homes sell 88% faster and for 20% more than nonstaged homes. Bottom line, it is money well spent to properly prepare a house for sale.
Contact me for more useful tips if you are thinking of selling!
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
There are a number of myths about how real estate actually works. These misbeliefs can hurt your chances of selling at the right price and in a timely manner. Below are a few common misconceptions.
- Overpricing leads to higher offers: Quite the opposite is true. Overpriced homes sit on the market longer and end up with lower offers. They become stale listings and buyers wonder what is wrong with them.
- Spring is the best time to sell: Typically spring & summer were known as the selling season. However, given the lack of homes for sale, any time of the year can be the best time.
- If you get an offer right away then the house was underpriced: A correctly priced home will receive offers right away. After all, isn't the goal to sell the house and not have it sit on the market for weeks on end? Buyers are online constantly looking and are ready to jump when something comes on that fits their needs.
- Homes don't need to be prepped for sale: This couldn't be further from the truth. Most buyers want move-in condition homes. Houses that are decluttered, cleaned, and staged sell faster and for more money.
- Good marketing includes open houses: The reality is only 7% of buyers find their home through an open house.
Contact me for more professional advice on the right way to sell your house.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Lot 2 Granite Ridge Road, Sunapee, NH 03782 | Offered at $275,000 | MLS #4995742
VIEW lot in the desirable Granite Ridge Rd. neighborhood. Prime location on a dead-end paved road and only minutes to downtown New London, the beach at Georges Mills and only 10 miles to skiing at Mt. Sunapee. Panoramic views include Mt. Sunapee and its ski trails with potential lake views with more tree cutting. The lot is 5.5 acres with a gentle upward slope from the street to a flat building site for easy building. There is an onsite well producing 15 gpm and underground power to the lot. View easements ensure the continuation of the delightful vistas.
For More Information Contact:
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Donna ForestAssociate BrokerM 603-731-5151
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For the best renting, selling, or buying experience, call "The Best Team in Town" at 603-526-4116! Or visit our rental page!
16-66 Bagley Hill Road, Warner, NH 03278 | Offered at $152,000 | MLS #4987872
28+ acres of nice, well-cared-for land in a very private setting in Warner. It is in a great location up near the top of Bagley Road, a town-maintained Class V road off Rte. 103. Bagley Road turns into a Class VI road just past the property line. There are lovely distant views of local hills. With the extension of the road, the area offers lots of recreational opportunities. Under 10 minutes to Exit 9 on I89 and not that much further to Lakes Todd and Sunapee with Mt. Sunapee Resort not far beyond. A professional timber harvest was done over 2017-18. The harvest consisted primarily of cordwood, white pine, oak and hemlock.
For More Information Contact:
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Emily CampbellListing AgentM 603-491-4024
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Lot 7 Wilder Lane, New London, NH 03257 | Offered at $195,000 | MLS#4932888
Excellent opportunity to build your dream home in Shaker Pines on Wilder Lane, a well-established neighborhood of custom homes. Wilder lane allows you the lifestyle of a quiet country road yet close to the Lake Sunapee Country Club and the town of New London. Custom design available that could be built on this beautiful lot. Four-bedroom state approved septic system available. Agent Interest.
For More Information Contact:
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Lauren ChadwickListing AgentW (603) 526-4116 lauren@bhgmilestone.com |
21 Hilltop Place, New London, NH 03257 | Offered at $389,000 | MLS# 4998795
Sunny and bright one floor living. A particularly nice layout with good privacy, as the bedrooms are at opposite ends of the unit from each other. The living room is spacious and well-ventilated. Here, the propane fireplace and dining area, along with sliding glass doors to the outdoor patio, create a great gathering space. The kitchen is updated (2014) with a casual eating area, attractive cupboards and workspace, plus a bonus separate pantry. If one would like, the third bedroom could make a perfect study/office. The backyard stone patio is surrounded with attractive landscaping and quite private. There is a screened option for the patio (now in the garage) which would need to be assembled by the Hilltop crew. This home is located quite near the entrance/exit to Newport Road, close to Hannaford's, the Post Office, and additional shopping and services.
For More Information Contact:
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Marilyn Kidder
W (603) 526-4116
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0 Bunker, New London, NH 03257 | Offered at $195,000 | MLS#4978415
Wishing to build? Here is a great opportunity. A 6.7 acre, lightly wooded, lot on an appealing and attractive residential road. Not far to Town or the Town Beach at Elkins. Great area for walking, biking and running. Spring Ledge's famous Pick Your Own Strawberries are just at the bottom of the hill. New London's Elementary School is just at the top. Really a great location! Where the photos depict the lot boundaries with a red or white line, this is an approximate size and location. There are boundary markers at the road (one being the utility pole closest to the beige Victorian); the other a reddish thin pipe on the lot line of the next property. Walking into the depth of the property, the back line is marked by a stone wall.
For More Information Contact:
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Marilyn Kidder
W (603) 526-4116
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