Blog :: 07-2013

MARKET ALERT: Few Windham NH Condos For Sale. Now may be the time to sell!

 

If you own a condominium in Windham This is Your Opportunity Time!

condosOn 7-31-2013 there are just nine resale condominiums and +55 units available for sale in Windham, through NNEREN MLS. There were none available in Hardwood Heights, none in The Villages, none in Birch Hill, none in Braemar Woods, none in Lamplighter Village, none in Lakeview Farm and none in Wynridge.  (The end unit, with 1st floor master and 2 car garage, that just  came on the market at $294,000 went pending in just 7 days.)

If you're ready to sell your condominium or 55+ home, now is the time to take advantage of the low listing inventory.  Your unit could be worth more than you think. Why not find out more today by contacting us at 603-898-9030 or prudinsmore@comcast.net

 

Posted on 2013-07-30 08:18:03

 
Prudential Real Estate Ranked Highest for Customer Satisfaction in Three Segments of J.D. Power and Associates 2013 Home Buyer/Seller Study

JDPower-NotOneNotTwo 

(Windham, New Hampshre) - Prudential Real Estate, an HSF Affiliates LLC company, and Prudential Dinsmore Associates, REALTORS announced that the Prudential Real Estate affiliate network ranked highest for customer satisfaction in three of the four segments included in J.D. Power and Associates' annual Home Buyer/Seller Satisfaction Study. The network scored highest in Repeat Home Buyer, First-Time Home Buyer, and First-Time Home Seller categories. It ranked third in the Repeat Home Seller segment.

The sixth annual study measures customer satisfaction among the nation's largest real estate brokerage companies. Overall satisfaction is gauged across four factors of the home-buying experience: agent/salesperson, real estate office, closing process, and variety of additional services. Seller satisfaction is evaluated through the same four factors plus marketing.

Among repeat home buyers, Prudential Real Estate scored 829 on a 1,000-point scale, performing particularly well in agent/sales person, variety of additional services and closing process. The network tallied 811 points among first-time home buyers, showing strength in all factors. Prudential Real Estate scored 809 points in the First-Time Home-Seller segment, drawing strong marks for marketing and closing process. This represents the third time in six years Prudential Real Estate ranked highest in seller satisfaction including recognition in 2008 and 2010.

"Prudential Real Estate stands for quality and consistency in neighborhoods across America," said Earl Lee, network president and CEO of HSF Affiliates LLC. "Buyers and sellers alike appreciate our affiliates' market leadership and our agents' skill and innovation."

Lee added that the Prudential Real Estate network enjoys one of the industry's highest average selling prices and that its agents stand out as local-market experts. "Affiliate to affiliate, Prudential Real Estate sales professionals have a strong work ethic and drive for client satisfaction. These prestigious awards further underscore our agents' success and the quality of our network."

The team at Prudential Dinsmore Associates REALTORS works hard to exceed the expectations buyers and sellers alike, explained Brad Dinsmore, broker/owner. "In today's market, our clients require all the expertise and service we can offer. Through our knowledge, innovation and guidance we maximize the home-buyer/home-seller experience to ensure our clients' needs are met."

Among other survey findings:

 

  • First-time home buyers and sellers are most influenced by a company's good reputation and the recommendations they receive from friends, family and colleagues.
  • More than one-third (35%) of first-time home buyers and 27% of first-time sellers indicate they selected their real estate company based on its reputation.
  • 28% of first-time home buyers and 27% of first-time sellers selected their company based on recommendations.
  • Overall satisfaction with real estate companies is higher among repeat customers compared to first-time buyers or sellers.
  • Suggesting better times in residential real estate, the percentage of first-time home sellers increased to 44% in 2013 from 30% in 2012.
  • The percentage of first-time home buyers also increased significantly, 49% in 2013 vs. 40% a year ago.

 

The 2013 Home Buyer/Seller Study includes 4,371 evaluations from 3,930 respondents who bought or sold a home between March 2012 and April 2013.

About Prudential Real Estate and HSF Affiliates LLC

Prudential Real Estate is a part of the HSF Affiliates LLC real estate brokerage family, which includes Real Living Real Estate and the new Berkshire Hathaway HomeServices brand available later in 2013. Prudential Real Estate franchisees are independently owned and operated.

HSF Affiliates LLC, based in Irvine, Calif., is a joint venture of HomeServices of America and Brookfield Asset Management.

Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities and are used under license with no other affiliation with Prudential.

About Prudential  Dinsmore  Associates,  REALTORS.

Prudential Dinsmore Associates REALTORS, is celebrating its 35th year as a real estate firm, located in Windham  NH.

About J.D. Power & Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company providing performance improvement, social media and customer satisfaction insights and solutions. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit jdpower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

Where the Big Bucks Are in New Hampshire Real Estate

SquamLakeSo how is the million dollar plus real estate market in New Hampshire. It was a question I was wondering about and this is what I found. The property that demands the biggest bucks in the state of New Hampshire is waterfront property on Squam Lake. It even beat out all of the ocean front property on the coast. It seems that New Hampshire lake water is liquid gold. Here's how it all breaks down.

YTD in 2013, 63 properties have sold for over a million dollars in New Hampshire. The highest price paid so far this year was for a waterfront property on Lake Winnipesaukee. The house at Roberts Cove Road in Alton sold for $3,057,250. It had 11.3 acres, 615 feet of water frontage, 2 Sandy beaches and seven cottages. In Windham, the highest price house, sold YTD, is 25 London Bridge Road which sold for $1,195,000.

This compares to 2012, which by this time last year had seen 58 houses sold for over a million dollars in New Hampshire. The highest priced sale was 440 High Haith Road in Moultonborough, which sold for $4,400,000. It was located on Squam Lake and had 11.8 acres of land and 2,043 feet of lake frontage. It also had an OK remodeled cottage. For all of 2012, there were 122 homes sold in New Hampshire for more than one million dollars. The highest price paid in 2012, again was for a waterfront property located on Squam Lake. The property at 92 Unworth Road in Moultonborough sold for the princely sum of $8,720,000. It had 1,758 feet of lake frontage and 32.5 acres of land.

So if you have several million dollars kicking around, you can definitely find a beautiful waterfront property, up north in New Hampshire.  OR if you don't, you could find a really desirable waterfront property on Cobbett's Pond in Windham for a fraction of the price. And what's best about a property on Cobbett's is that you can use it all year round. Rather than fighting traffic for two hours to get to the water, you can easily be on Cobbett's with a quick commute from work, and enjoy a cocktail overlooking the water, every day after work. Boston Massachusetts is just 35 miles south of Cobbett's Pond in Windham NH.

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Call or e-mail Prudential Dinsmore for a complete list of waterfront property for sale on Cobbetts Pond.

Beware of Online Pricing Tools!

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Online value estimate off $50,000

Both home-buyers and home-sellers should beware of online pricing tools on popular, well known listing portals. If you are a home-seller, you could potentially be losing tens of thousands of dollars if you were ever foolish enough to rely on an online estimate of value. There is also a real danger for home-buyers, especially in a market like we are in today. If you rely on one of these estimates, and base your offer on it, you may lose out on a well priced house, that meets your needs,  because of relying on faulty information. And in a market with limited inventory, it may be very hard to find another home with similar characteristics.

One example of our listings will illustrate the point. Our company just closed on 5 Jefferson Road in Windham. The online estimate of value was $480,027. The property just closed with a sales price of $529,900. If a seller had relied on this estimate of value they would have lost $50,000. Some other examples: A listing on 4 Meadow Road in Windham is priced at $270,500 with a value estimate of $299,767; A listing at 6 Horne Road is priced at $949,900 with a value estimate of $1,173,903. There are many others. As you can see, the value estimates are off both on the high side and the low side. Some of the estimates are fairly close... but should you take the risk of relying on this information? The obvious answer in no.

I have been in the real estate business in southern New Hampshire for over 35 years. There is just no substitute for a professional Realtor's opinion of value. As a seller, you should have at least two to three market value opinions prepared on your home. There are subtle differences between homes that make a huge difference in their "market value." Condition and age often trump square footage. Locational differences also make a huge difference. Computer programs no matter how well conceived, can never replace the opinion of value provided by a real estate professional. Please, no matter whether you are a home-buyer or home-seller, do not rely on online valuations!

 

Foster's Pond Natural Area- Windham NH

scan0442The Foster's Pond Natural Area, in Windham, New Hampshire, "was acquired for conservation purposes in 1985, and enlarged in 1996. The parcel totals 190 acres and is located in the northwest corner of Windham, off Nashua Road. The Rockingham recreational trail runs between the Natural area and the Nashua Road Recreation Complex. The area contains two large ponds that are connected by Mill Brook. The Conservation Commission has developed and extensive trail system throughout the property.

As luck would have it, Prudential Dinsmore Associates, Realtors has a wonderful property that abuts the Foster's Pond Natural Area. What a wonderful opportunity to be able to pass over a rustic bridge, over Mill Brook, into the Foster's Pond Natural Area, directly from your back yard. This well maintained home is being offered at $283,000 and the use of the 190 acres is complimentary, courtesy of the town of Windham!

Rustic Bridge to Foster's Pond Area
Rustic Bridge to Foster's Pond Area