Appreciate Craftsmanship?

If you appreciate the craftsmanship of the 1920's you will love this New Englander in Newport, NH!  Gorgeous original details throughout - five panel doors, built-in hutch, open columns between the living and dining room, fabulous pantry, grand staircase to the second floor, pine floors - some refinished, some under carpet.  Open layout on the first floor.  Second floor has four bedrooms connected by a long center hallway and a full bath.  Two enclosed porches to savor the summer breezes.  Plenty of space for gardens and not a lot of lawn to mow.  Walk to Main Street.  They don't make 'em like this anymore!  Offered at $122,000.

Anne Marie Appel, Listing Agent, 603-526-4116

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Where Every Season is Beautiful

Designed with distinction, this captivating and coveted Timberpeg home offers high quality luxury.  Openness and clean lines enhance the outstanding lake and mountain views, abundant natural light with unobstructed windows, and a flowing open floor plan with 3 levels of generous and comfortable living.  Custom built and adorned with craftsman inspired touches throughout - pegged post and beams artfully framing soaring ceilings, the hand-built granite stone fireplace, gleaming red birch floors, a tailormade mudroom specifically designed for optimum ski gear storage, and a spacious chef's kitchen with granite countertops and stinless steel appliances.  It's a perfect home for maximum living and entertaining with ample room for hosting many guests.  Browns Hill amenities include an in-ground pool, tennis courts, and beach front on Lake Sunapee with a fun boathouse/clubhouse on the lake.  Private, peaceful, and perfect - anything else is a compromise!   Offering Price: $1,350,000. Virtual Tour https://my.matterport.com/show/?m=JnPiSmiDKQd

Donna Forest, Listing Broker, 603-526-4116

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Want a Home with Views?

You can build your dream home on this beautiful view lot and enjoy the NH way of life!  Not only a beautiful view, but a perfect location.  Enjoy a walk to Newbury Harbor for a dinner at Bubba's, a swim in Lake Sunapee or just a yummy ice cream!  Also a short walk to the town park at Fisher's Field and minutes to skiing at Mt. Sunapee.  Land is surveyed, house site is cleared and prepped, driveway is in, current state-approved 3 bedroom septic design available, 2 rock retaining walls have been built, and it is located on a paved town-maintained road.  It doesn't get much easier than this!  5.68 acres offered at $96,000.

Donna Forest, Listing Broker, 603-526-4116

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A Look Back at 2018

While 2018 seemed a bit frenzied with the activity levels this summer, it’s always good to see how the year actually ended up for perspective on the housing market.  Below are some key data points comparing 2018 to 2017 for the towns of Newbury, New London & Sunapee combined.

  • 183 homes sold in 2018 vs. 203 homes in 2017.
  • The average days on market dropped to 106 days vs. 129 days.
  • Sellers received on average 94% of their asking price (96% in 2017).
  • The median selling price was $345,000 for both years.

While the state has not yet come out with their year-end report, below is their data through November

  • Homes sales were down 0.8% compared to 2017
  • The average days on market were the same at 61 days
  • Sellers received 98% of their asking price; similar to 2017
  • Prices were up 7.4% with a median selling price of $284,500 ($265,000 in 2017)

A good US economy, low unemployment rate, and low inventory of homes for sale basically sums up what we saw in 2018.  Thinking of buying or selling?  Contact me to work with someone who gets results and can explain how the market will impact you!  603-526-4116; www.DonnaForest.com; Donna@DonnaForest.com

Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/17 - 12/31/17 & 1/1/18 – 12/31/18

Teamwork from the Team that works –Better Homes & Gardens Real Estate - The Milestone Team

Prices are Still Up

Our local housing market mirrors what is going on in NH and the U.S.  The shortage of inventory has led to higher prices and fewer sales.  In the combined towns of Newbury, New London, & Sunapee, from 1/1/18 to 10/1/18, a total of 135 homes sold, the average days on market was 114 days, with a median selling price of $350,000.  The same time frame in 2017 saw 159 homes sold, the average days on market was 126 days, with a median selling price of $344,000.

For the state of NH through August, the median sales price was $284,000, the average days on market was 62 days, and sales prices were up 7.1% from the year before. 

According to Lawrence Yun, Chief Economist for the National Assoc. of Realtors, “the most significant challenges facing the housing market stem from insufficient inventory and accompanying unsustainable home price increases.”  As a result, Yun anticipates a slight drop in 2018 sales in some markets but feels home price growth will remain strong and increase about 5% nationwide.  The forecast for 2019 continues along these lines with a 2% rise in inventory and 3.5% rise in home prices expected. 

Bottom line, as long as buyer demand exceeds the housing supply, prices will continue to increase.  Whether buying or selling, contact me to see how market conditions impact you.  603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com

Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/17 - 10/1/17 and 1/1/18 - 10/1/18.

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Better Homes & Gardens Real Estate - The Milestone Team.

Quintessestial Summer Home!

Welcome to the original summer home of the Burke Family, for whom Burkehaven is named.  Constructed around 1885, take a walk back in time, spend relaxing hours sitting on the incredibly inviting wraparound porch watching the activities in Burkehaven.  Take a short walk to your owned 16.5 ft. of water frontage or boat slip on Lake Sunapee.  Five bedrooms, den, library, cozy reading alcove, all represent a bygone era of tranquility and relaxation.  Come take a look!  16'9" Pen Yan boat included in the sale.  For more photos and details,visit http://tour.circlepix.com/home/J6YJKH/6-Burkehaven-Terrace-Sunapee-NH-4698317

Emily Campbell, Listing Agent, 603-526-4116

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Better Homes & Gardens Real Estate - The Milestone Team.

How to Sweeten the Deal

Due to the lack of inventory, our market is seeing an increase in multiple offers on homes.  While this is exciting for sellers, it can be frustrating for buyers.  Below are some suggestions on how buyers can “sweeten the deal” in order to be the winning bid.

  • Obviously the offer with the highest price will get the sellers’ attention.  Be prepared to offer over asking price.
  • If your offer is contingent on financing, it’s possible the appraisal may come in lower than the selling price.  You can state in your offer you will pay the difference between the appraisal price and purchase price.
  • Find out the sellers ideal closing time and tailor your offer to meet that date.
  • Have as few contingencies as possible in the offer.
  • Consider using an escalation clause, offering to outbid another buyer by a certain amount.

Bottom line, you need to put your best foot forward with an offer that has the least number of contingencies, best price, and a large down payment to set your offer apart from others.  For more invaluable advice, contact me, an Accredited Buyer Representative, before you start house hunting.  603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com

Real estate markets are local, and we have the real scoop on ours.  Better Homes & Gardens Real Estate - The Milestone Team

What is Up and Down at the Same Time?

If there are two things I would say about the real estate market today, it would be inventory is down and prices are up.  This is seen pretty much everywhere in the US as housing inventory decreased 8% from last year (through March) and listing prices are 8% higher.   Statewide, NH closed sales are about the same as last year, the median sales price is up 6% to $260,000 and the average days on market was 86 days.  Looking at Newbury, New London, & Sunapee combined, sales are about the same as last year through 3/31/18 (25 solds), the average days on market was 192 days and the median sales price increased about 15% to $392,000.  Despite fewer homes being on the market, buyer demand is strong enough to keep prices rising for the foreseeable future.  New listings will favor higher income buyers making it very challenging to find homes priced under $200,000.  Typically, our spring market will bring an influx of new properties for sale – we just need to have spring arrive!!  Contact me if you are thinking about buying or selling and want to know how the market impacts you.  603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com

Real estate markets are local, and we have the real scoop on ours.  Better Homes & Gardens Real Estate - The Milestone Team

What's the Scoop on the Lake Sunapee Market?

Waterfront homes on Lake Sunapee have always been an intriguing and specialized market.  Even though Newbury, New London, and Sunapee share the lakefront, the uniqueness of each property along with the fact there really aren't that many homes along the shoreline, seems to determine the overall market.  In the past 7 years for example, the total number of waterfront homes sold each year hovered around 10, give or take.  In reviewing the sales in the past 3 years, the typical price breakout is about 8-10 houses selling for under $1 million, about 9 selling between $1-$2 million, 3 sales in the $2-$3 million and about one a year over $3 million.  

A few more statistics - in the last two years, the median selling price per square ft. was $574/SF.  In 2017, the average selling price was 99% of the asking price and in 2016 it was 89%. It took an average of 219 days to sell a lakefront home last year and 185 days in 2016.

As the saying goes, if you are lucky enough to own on Lake Sunapee, then you are lucky enough!  If you are looking to capture some of this serenity for yourself, then contact me to work as your buyer's agent!  603-526-4116, Donna@DonnaForest.com, www.DonnaForest.com

Figures are based on information from the New England Real Estate Network, Inc. for the period 1/1/11 through 12/31/17 and 1/1/15 through 12/31/17.

“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Better Homes & Gardens Real Estate - The Milestone Team.

Who Are Today's Home Buyers?

The National Association of REALTORS conducts a survey* every year on recent home buyers and sellers.  Below are highlights on buyers from their most recent report.

  • 34% of buyers were 1st time buyers. 
  • The median purchase price of a home was $235,000.
  • 84% of buyers purchased in a suburb, small town or rural area vs. an urban area.
  • 83% of buyers bought a single family home.
  • 87% used a real estate agent.
  • 95% searched online.
  • 65% of buyers were married couples, 18% were single females, 7% were single males and 8% were unmarried couples.
  • The typical home purchased was 1870 square feet, 3 bedrooms, 2 baths and built in 1991.

Thinking of selling?  Contact me if you’d like to know how these facts could impact your sale.  603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com

*2017 Profile of Home Buyers and Sellers – National Association of REALTORS

Real estate markets are local, and we have the real scoop on ours.  Better Homes & Gardens Real Estate - The Milestone Team