Southern NH Real Estate

Waterfront Home on Big Island Pond, New Hampshire

WATERFRONT!!! Sought after Big Island Pond! Full of charm & character throughout this home offering fun in and on the full service lake. Canoe, sail, water ski, kayak, swim, your choice! Relax on the deck, dock, screened porch, patio, or lawn. You might even see a bald eagle. A beautifully landscaped yard encompasses this impeccably maintained home. The outside is brought inside through a wealth of windows facing the water. A large inviting living room/great room boasts a stone fireplace w/gas insert & is banked by custom cabinetry. Cherry cabinets w/Granite counters, an island & SS appliances highlight the well planned kitchen. Direct access to the dining area & screened porch plus water views from all is a plus. HIGHLIGHTS: 33x23 Gar. w/loft, storage shed, 1st fl bdrm., 1st fl. ba., lg LL Fam Rm w/3/4 ba., gas stove, lr. mstr bdrm w/waterviews, lg tiled 2nd fl. ba., hdwd flrs. 1st level, sec. cameras, irrigation sys., stand by generator. Ideal commuter location.

Home Sales and Prices Up in Windham and Rockingham County in New Hampshire

Well the first half of 2015 has passed and we are already heading into the second half of the year.  Prudential Dinsmore Associates has had one of their busiest spring selling seasons in years. Our successful sales strategies have helped out sellers get excellent prices and quick sales on their properties.  

Well, let’s start by looking at the Windham market for the first half of 2015 which is up both for the number of sales and prices. There were only 188 new single family listings during the period compared to 220 in 2014, a -14.54% drop. This may have contributed to the increase in sales prices during the first half of the year. The averages sales price of a single family home increased from $437,051 in the first half of 2014 to $475,044 in the first half of 2015, an 8.69% surge. The median sales price rose from $404,450 to $440,000 or an 8.78% surge during the same period. So the trend for rising prices is continuing to hold in Windham. The number of closed single family sales also rose from 102 in the first half of 2014 to 113 in the first half of 2015, a 10.78% increase. So what we saw in Windham during the first half of the year was a huge pent up demand that was unleashed as soon as this winter’s snow began to melt.

If we broaden the look to Rockingham County as a whole, it shows a slightly different picture of the real estate market. Single family home listings were up in Rockingham County with 3,198 new listings during the first half of 2015 compared to 3,160 during the first half of 2014, a 1.2% increase. Both the Median and Average sales prices for single family homes increased during the first half of 2015 in Rockingham County. The average sales price for a single family home was $355,846 in the first half of 2015 compared to $332,382 in the first half of 2014, a solid 7.05% increase. The median selling price of a single family home was $310,000 in 2015 vs. $284,900 in 2014 or an 8.81% increase. Days on the market for single family homes dropped for 86 to just 78.

This information is based in whole or in part on data supplied by the Multiple Listing Service of the Granite State South Board of REALTORS, Inc. Neither the board nor its M.L.S. guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its M.L.S. may not reflect all activity in the market. For the period covering 1st Half or 2014 vs. 1st Half of 2015.

Spring is Almost Here! Now is the Time to Prepare to Sell Your Home.

Do you have a house to sell in Windham or southern New Hampshire. Now is the time to prepare your home for sale. It is important that you take your time to carefully select an experienced, full-time real estate professional. A recent survey shows that many sellers chose an agent because they were a friend, relative or referral without taking the time to find out about their past performance record. This ended in a disappointing home-selling experience. Your home is your biggest investment. Take the time to interview several southern NH realtors now, in the snow, so you will have the best representation when you put your home on the market this spring.

What do home-sellers have to say about their agents? A group of millennial home-sellers at Hear it Direct, which is a consumer panel held at the Inman Real Estate Connect conference, had the following things to say; At least 5 out of 6 said they had chosen an agent who was either a family friend, a referral from a friend, or someone they had worked with before. The home-sellers went on to say that; four of the 6 said that if they hired a different agent they could have gotten more money for their property and only two out of 6 said they felt good about the industry after the selling process. My advice to home-sellers is this: You need to interview several agents before you list your home. In fact, in the group of interviews, one seller said; if he had to do it again he would have interviewed many more agents. He felt his agent had done the minimum to earn her commission; It is a big mistake to assume that a friend, relative or referral is going to have the skills and strategies needed to sell your home. Take the time to find our how many homes the agent has sold in your community. What you are looking for is an experienced agent who is going to make you a part of the home-selling team and who will communicate with you throughout the home-selling process. You need an expert at traditional and online marketing. You also need a transaction manager, to guide you through all the details, once an offer has been accepted. If you are ready to sell you home in southern New Hampshire, contact us. We will make sure you know what you need to know, before you list your home.

Once this Snow Melts, All Hell's Going to Break Loose in the Southern NH Real Estate Market.

Are you kidding me, not another #$&%! snowstorm!  February is shaping up to be one of the snowiest on record, in southern New Hampshire, and its also been really, really (BRRRRRRR) cold. As you can imagine, its not exactly the most ideal conditions in which to show and sell houses in Windham and the surrounding towns of southern NH.  But we continue to solider on, showing homes through the snowdrifts, ice and fridgid temperatures. Actually, we have had a great winter season so far, and have placed many of our home listings under agreement, and helped our buyer clients see past the snow, ice and cold to find the homes of their dreams. 

Now here's a prediction, from somebody who has been in the business for over 30 years. All hell's going to break out once this #$&%! snow melts. I've seen these conditions before. Here's the lowdown. The month of February, during most winters, is usually a period of increasing activity as the days grow longer and warmer. This year that hasn't happened. Many buyers are staying inside, in the warmth of their homes or apartments. Who wants to look at homes when you can't even find them, with all the snow piled in front of them! Here' what's going to happen. As soon as this weather breaks, and the snow starts to melts, and the days get warmer, there is going to be surge of buyers into the market. All the snowmegeddon, pent-up demand, is going to come crashing into the southern NH real estate market, long about March or April.

If you're a seller, you may want to get your home on the market slightly before the start of the traditional Spring market to take advantage of the surge. If you're a buyer, you should establish a relationship with a NH real estate agent now, so you will be ready to pounce as those last snowbanks are melting away. And if you have the chutzpah to start looking for a home now, in the snow and ice, you might just find a better deal than when your're competing with the snow-melt surge of buyers.

Luckily, you can begin your search online now, in the warmth of your home, and if you're a seller, I can assure you we will trudge out in any weather to help your prepare your home for sale. Why not prepare now:  BUYERS HERESELLERS HERE


NHAR Releases NH Real Estate Market Data for 2014

The New Hampshire Association of Realtors has just released the NH Real Estate market data for 2014.

For Immediate Release: January 29, 2015 Contact: Dave Cummings NHAR Director of Communications

New Hampshire Real Estate Market Sees Stabilization in 2014.

After a breakthrough 2013, in which the most New Hampshire homes were sold (14,267) since 2005, the market barely missed that mark (14,208) in 2014 – just a .4 percent drop. But the median price of those sales increased to $227,500 for the 2014, a more than 3 percent increase from the previous year and the third consecutive year of price gains.

Sales volume, meaning the total dollars exchanged in those residential transactions, was a robust 5 percent higher in 2014 than the prior year.

"If 2012 was the year of cautions optimism and 2013 was the year that optimism came to fruition, I think it’s safe to call 2014 the year of stabilization," said NHAR President Maxine Goodhue, an 18-year veteran of the real estate industry. "We’re working within the parameters of a recovered real estate market."

December-only numbers showed an 11 percent increase in New Hampshire residential sales, a 3 percent increase in median sales price and a robust 17 percent in sales volume.

Median price is still significantly below the 2005 peak of $270,000, but what that has meant for the last several years is the ability for buyers who might otherwise be priced out of the market to purchase homes.

"We don’t want everything to immediately return to those levels of 10 or 12 years ago," Goodhue said. "What got us there in the first place was unsustainable growth, and we saw what happened as a result of that growth. We’re slowly, consistently moving back in the right direction, so I’ll take that as a good sign."

Average days on the market dropped 5 percent in 2014 (10 percent in December), to an average of 95 days, while pending sales – a forward-looking indicator based on accepted offers – was ahead by just 0.1 percent for the year but 14 percent in December only.

And months’ supply, which measures the number of months it would take to sell off the current inventory of homes at the average pace of sales of the last 12 months, decreased by 12 percent in December, from 8.2 (in 2013) to 7.2 months (in 2014). Typically, months’ supply between 6 and 8 percent is considered a balanced market, with higher supply pointing to a buyers’ market and less supply to a sellers’ market.

Another sign of the times was in new listings, which was better than 8 percent ahead of the previous year in December.

"It’s certainly a different climate than a few years ago," Goodhue said. "It’s a very active market."

Condominium sales in New Hampshire, meanwhile, trended similarly in 2014, with closed sales slightly ahead (0.3 percent) of the previous year and median price ($168,000) more than 4 percent ahead and sales volume at a 5 percent increase. December-only numbers included a 7 percent increase in sales, a 3 percent drop in median price and an 11 percent increase in sales volume.

Locally, 8 of 10 New Hampshire counties saw residential unit sales increases in 2014, with only Merrimack




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