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Windham NH Real Estate Market First Half 2012

First Half of 2012 Windham Real Estate Market in Review

The spring market of 2012 is officially over so it's time to look back and see what happened in Windham. During the first half of this year, there were 69 single family homes sold vs. 64 in 2011 during the same period. This is a 7.81% increase in the number of sales for the half year period. The big news is the average days on market decreased from 153 to 114. The average sales price increased from $387,400 to $399,900 or an increase of 3.22%. The median sales price increased from $367,625 to $393,000 or a 6.9% increase. As discussed previously, average and median sales prices often reflect what price ranges are having the most activity and may not necessarily reflect an actual increase in prices. Overall though, things are really active in Windham and the current pending sales (homes currently under agreement) volume bodes well for an excellent second half of the year.

The most active price range for single family homes in Windham was the $300,000-$399,999 price range with 22 closed sales. The second highest sales range was $400,000-$499,999 with 13 closed sales and third was the $200,000-$299,999 with 12 sales. There were only 5 closed sales under $200,000. The $500,000-$599,999 range saw 8 closed sales and the $600,000-$699,900 range saw 5 closed sales.   The upper price range has seen three sales above $900,000 so far in 2012.

Historically, this market is both much better and weaker in comparison to previous years. In the first six months of 2009 there were just 57 home sold but in 2010 during the first half 92 homes had closed. For the full year of 2009 there ended up being 136 single family closed sales compare to 183 in 2010. Of course the peak year for sales was 2002 when there were 259 single family closed sales, with an average sales price of $395,435, for the full year.

In the condominium market, the first half of the year saw closed sales increase form 14 in 2011 to 18 in 2012 or an increase of over 28%. The average selling price decreased from $249,938 in 2011 to $238,472 in 2012. Of the 18, 5 were priced over $300,000. The largest price range was $200,000-299,999 where there were 7 units sold.  There were 6 units sold for under $200,000. Again, it is hard to say that prices are declining because the average sales price is impacted by the fact that a couple of new condominium projects in the upper price range are nearing completion with fewer sales.

If you're thinking about selling your home or condominium, why not get an accurate picture of pricing and see how Prudential Dinsmore Associates, REALTORS will use their innovative marketing and real estate skills to get your home sold not matter what the current  condition of the market.


This representation 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. Sales of Windham Homes and Condominiums from 01-01-2012 to 07-03-12

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