Beautifully maintained 12 room Colonial on lovely landscaped 3+ acre lot. Brand new deck, water filtration system, freshly painted, new carpet installed in lower level. Four+ bedrooms, large gourmet kitchen, large family room,Great room, Cathedral Ceiling Sunroom,and fineshed walk out lower level. Close to highway, shopping, golf course and schools. Must see to appreciate!
Windham NH Real Estate
This true custom home is both welcoming and impressive in its details and amenities. Two story entrance hall with marble floor and stunning leaded glass window. The formal dining room features hardwoods, wainscoting and crown molding. A grand statement is made in the great-room with volume ceilings opening to the second floor bridge with hardwoods, transom windows and a gorgeous carved maple fireplace mantle. Plus there is a spacious game-room alcove. Inviting bay-front kitchen with huge center island featuring granite counters, onyx designer back-splash and a large pantry. The back entrance hall has an energy saving air-lock design. An office/den and 3/4 bath is conveniently located on the 1st floor. The master bedroom retreat offers a deep tray ceiling, huge walk-in closet and spacious sitting room with gas fireplace.The master bath offers double vanities and steam shower. Three bedrooms and a full bath complete the second floor. Beautiful lot in a subdivision! Welcome Home!
What's going on in the Windham NH real estate market you ask? Well, the activity and trends in the first quarter have been quite the awesome sight for real estate agents and home-sellers alike in Windham. While one quarter, doesn't the whole year make, the implications of some of the numbers are amazing. First, there is either bad news or good news depending on whether you are a buyer or a seller. The number of single family home listings coming onto the market, dropped by 14.10%, during the first quarter of 2015 as compared with the first quarter of 2014. 78 new listings in 2014 compared with 67 in 2015.
However, despite a lower listing count and despite heavy snowfall and cold, closed single family home sales, were actually up. There were 43 closed sales in 2015 as compared to 39 in the first quarter of 2014, an increase of 10.25%. The weather obviously impacted sales in the quarter though, with pending sales in 2014 of 42 compared to 31 in 2015, a drop of over 26.19% during the same period.
Ok, that's all well and good, but what about prices in Windham. What is going on with prices? Hang on, here it is. Drum roll please... the average sales price, of a single family home in Windham NH, during the first quarter of 2015, rose 14.09% compared to the first quarter of 2014. During this period in 2014 the average sales price was $418,649 and in 2015 it was $477,658. The median sales price increased from $367,000 to $390,001 and increase of 6.26% quarter over quarter. While I'm not an expert on all the subtleties of median and average, there is definitely some price appreciation going on here! The improving market is also reflected the declining number of days on market in Windham. During the first quarter of 2014 of was 135 compared to 112 in the first quarter of 2014.
I can here you thinking, "If you're so smart what's going to happen next." Predicting the future is always a perilous game, however, since the days have gotten longer and warmer, we are seeing a frenzy of activity in the Windham real estate market. For example, a house we just listed in Windham for just over $300,000 had over 30 showings in the first five days on the market and multiple offers. The first week of April has been just crazy with activity and offers coming in on our listings. At Prudential Dinsmore Associates, we are very good at marketing and pricing strategies, that create the new listing buzz, but we also have to admit that the market is incredibly strong. Much of it is the pent up demand caused from the dreadful winter weather. Yes, I can read your mind, "That's interesting smart guy, but what about your predictions for the rest of 2015." OK, out on a limb I go... based on what we are seeing right now, it appears that 2015 will be a very strong year for real estate in Windham. I know what you're thinking, "Well that's a half-assed prediction, but it will have to do."
That's all well and good you say, but what about condominiums. "Is this the year I should sell my condo?" Here is what happened in the first quarter of 2015: There were 8 condos closed in 2014 vs. 7 in 2015, a 12.5% decline. Pending sales were really whacked with the weather as shown in the fact that just 5 condos went under agreement in 2015 and compared to 9 during the same period of 2014. There were 12 new listings during the quarter in 2014 compared to 11 in 2015. Now here is the information you are waiting for; the average sales price of Windham condos in the first quarter of 2015 was $268,039 as compared to $260,526 in 2014, a 2.88% increase, quarter over quarter. Median sold prices were $272,500 in 2015 vs. $262,800 in 2014, a 3.69% rise. At Prudential Dinsmore Associates, we have seen really strong demand for our Windham condominium listings.
Now here's the rub for 2015. Real estate appraisers are likely to be behind the curve on price appreciation in Windham. They are completing valuations, looking in a rear view mirror and they are hemmed in by a slew of new banking regulations that are driving them crazy. I don't envy them right now. Buyers can be willing to pay a certain price that a seller accepts, but appraisers have to sanction the price to the mortgage company or bank. And banks and mortgage companies are being very difficult with appraisals and appraisers.
Despite the great market in Windham, there are some incredibly important things that your realtor® can do to insure that your home arrives on the market with "the great new listing buzz." There are lots of the buyers in the market, but they may just ignore your home if it's not properly prepared for the market with a strategic price, ready to show and our smart marketing initiatives. If you're ready to sell, why not give us a call.
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 or 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.
Check out this new home listing, in Windham NH, which is set on the end of a cul-de-sac, in a wonderful neighborhood. Greet friends and family in the impressive two story foyer. First floor office is located through french doors, right off the foyer. Spacious living room with bay-front window. Custom kitchen with hardwoods, granite, and gracious china cabinets, plus a wonderful dining area with bay window. The family room features vaulted ceilings and a fireplace. Offered at just $519,900. Call or e-mail for full details.
Vicki Mahoney was the listing and selling agent for this beuatiful custom contemporary, in the Bramley Hill neighbohood, of Windham NH. The house was built by George Dinsmore and had a wonderful setting on a large lot. Bramely Hill is a beautiful neighborhood with leafy, oversized lots. The home featured a dramatic interior and a first floor master bedroom suite. The sales price for this Windham home was $546,412.
If you are considering selling you home, nobody knows the Windham NH, real estate market, better than Prudential Dinsmore Associates, REALTORS. Why not give Vick a call for a free home market evaluation on your home. 479-8798 898-9038 Ext 20 or firstname.lastname@example.org
1990 was an interesting year for real estate in Windham NH. In fact, it was a terrible time for real estate. The stock market crash in 1987 had done a number on the New Hampshire economy. Five largest NH banks all went bankrupt. There were scandals involving developers, bankers and realtors, involving wrap-around loans. Essentially, wraparound loans involved an undisclosed second mortgage that allowed home-buyers to finance 100% of the purchase, a novelty at the time. Brokers and Bankers actually went to jail. Learning nothing, 100%, no-doc loans would become standard practice in the next real estate boom, but nobody ended up going to jail then.
So 25 years ago, home values were slumping. They began declining in 1988 and continued declining into the early 1990's. Below you will find a varitey of homes that sold. It is interesting to note that the lowest price sale was $89,000 and the highest price sale was $347,000. There were eight sales between $301,000 and $347,000 which was the top range. 15 homes sold between $200,000 and $300,000. 70 single family houses sold that year.
One other interesting thing about 1990. There were no real estate listings to be found online by consumers. If you wanted to buy a house, you found a real estate office, walked in, the sales person would tell you face to face what was available on the market, and then take you to see them. The MLS listings were all to be found in a printed book or on a computer with only the sales person having access to the information. So here you have some of the sales Prudential Dinsmore Associates, participated in during 1990, in all their smudged ink glory.