Blog :: 2015

Getting ready to Sell the House in Windham and head out next Spring ?

We’ve helped many long time Windham residents make the transition. We’ve helped them lay the ground work for a successful sale of their current homes, so they could head off to a new location, offering a totally different lifestyle. In 2015, our Windham home-seller clients have downsized, chosen to enjoy the excitement of city life in NYC, headed south to North Carolina, South Carolina and Florida, as well as west to California. Some have moved to be near friends and family, others are just looking for a change, and still others are looking to move on to more affordable options now that their kids are grown and out of the house.

     It is never to early to prepare for the Spring market. We can help you establish a realistic market price and discuss improvements that you can make now to prepare your home for sale. Then when Spring arrives the process of placing you home on the market will be seamless and stress-free.

     

 

Our Sales are up nearly 30% in 2015 because we know how to make things happen for our Home-Seller Clients.

 

2015 has been a fantastic year, thanks to the real estate know how that makes things happen for our Windham, home-seller clients. It all starts with our knowledge of market pricing. Then we launch online and social media marketing campaigns, extensive advertising, professional photographs and simply the best color brochures. Then the advice of experienced real estate professionals help guide you through the transaction. While most of you know us for our experience, it's really our ability to exploit the newest real estate technology that sets us apart. And, we offer our premier services to all of our home-seller clients, in every price range! We believe that YOU should get MORE for the commission dollars you pay us to market your home. That's why over the past year, you've seen so many of our listings sporting "Sale Pending" designations soon after they are listed.  If you are preparing to sell your home in Windham, make the right choice, the first time. Contact the real estate company with the proven sales record. Let us provide you with a marketing and pricing proposal today. We know how to get to sold!

Total Closed Sales Volume up 29.24% YTD in 2015

 

Who has the Most Top Ten Real Estate Agents in Windham NH

Prudential Dinsmore is the only real estate company with 3 agents in the top 10 for closed transaction sides in Windham, YTD

Many agents and firms make claims about their marketing abilities, but the fact is that Prudential Dinsmore Associates, is the only firm in Windham, year to date, that has three agents in the top ten for closed transaction sides. This really wouldn’t be that significant, except for the fact that our competition has hundreds of agents selling real estate in Windham. When we say we have the skills and strategies to sell your Windham home, we mean it.  Congratulations to Kristie Dinsmore, Judy Mentuck and Vicki Mahoney for being in the top ten as of August 4, 2015. Of the 202 agents who listed or sold a house in Windham during the period, 70% had just one transaction side and 87% had less than two. At Prudential Dinsmore Associates, selling homes is a full time profession. If you’re a seller, you should list with us, if you’re an agent you should consider working with us.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2015 through August 4, 2015.

 

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.

It was Cold and Snowy but the Windham Market was Hot in 1st Quarter of 2015

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.

 

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.

OPEN HOUSE: Explore the Possibility of Condominium Living in Windham NH

Villages of Windham Lamplighter Village

Explore the opportunities for condominium living at a low key Open House. Sunday March 8th from 1-3 P.M. Two spacious and luxurious Windham NH condominiums will be open for viewing. Both are ranch style end units. One is located in Lamplighter Village and is offered at $339,900 and the other is located in the Villages of Windham, and is being offered for $369,900 and is nearly brand new. Why not plan to take this opportunity to explore condominium living, at a low key open house event. Here are the adresses: 37 Gordon Mountain Road, Windham NH and 50 Mountain Village Road, Windham NH.

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    Preparing to Sell Your Southern NH Home This Spring? What's the Value of Your House?

    Are you're preparing to sell your home in Windham or southern NH this Spring?  There is no more important matter to consider, than establishig a pricing strategy for your home. We are experienced southern NH Realtors that know the Windham market.  What suprises us is how few people take advantage of the free market value reports offered by area real estate agents. Did you know that over 60% of home-sellers list with the first real estate agent they talk with or call. Did you also know that there are real estate agents who "buy the listing" by taking a listing they know is way overpriced. They do this so they can use your listing to procur buyers for other homes. With an investment as large as your home, why wouldn't you ask for more than one opinion of value, just to make sure you have a consensus on the worth of your house? And, why wouldn't you want to hear the marketing proposals of several Realtors. There is many differences in how agents and companies market their home listings and it makes a difference in how fast and at what price your home eventually sells for.

    How do Realtors go about establishing a list price on your home?

    The correct selling price of a home is the highest price that the market will bear. The market approach is based on the premise that a prudent, informed person will pay no more for a home than it would cost to purchase a comparable substitute. To determine the correct asking price, we have provided you with a comprehensive market analysis of comparable properties that have been recently offered for sale in your community. This analysis is based strictly on homes that can be considered similar to yours, and has been especially prepared for your property.

    This market analysis is divided into three categories:

    1. Similar properties that are currently listed (the competition).

    2. Similar properties that are currently pending.

    3. Similar properties that have recently sold.

    By carefully studying the comparable property locations, features and terms under which they were offered, we can develop a clear picture of the potential market for your property. By looking at the properties currently listed, we can see exactly what alternatives a serious buyer has to choose from.  We can be certain we are not under pricing the property. By looking at similar properties recently sold, we can see what homeowners have actually received over the last few months.  This is the acid test used by lending institutions to determine how much they will be willing to lend a buyer for your home. By looking a pending property, the most recent sales, we can look for possible pricing trends either upward or downward.

    While we naturally want you to receive top market value for your home, we can agree that there’s a point where the pricing would be too high.  By carefully studying the sales record we can determine a price point that will both attract the buyers and get you the maximum possible price in a reasonable amount of time. 

    When a new listing comes on the market their is a high level of excitement on the part of potential buyers and real estate agents. This is what's known as the new listing Buzz. If you come on the market at a price that is too high, your listing will not generate the buzz, and will be passed over for listings that do.

    Your home will generate the most excitement when it first debuts. For this reason it is very important that your home is priced right and shows great the day you open the door to potential buyers. As the graphic below indicates, the best offers often come when a property is newly listed — if priced to high, it’s difficult to create the momentum necessary to sell your home at the highest price in the least amount of time. .

    · It reduces the number of showings.

    · Fewer buyers are attracted, and few if any offers received.

    · Marketing time is prolonged, and initial marketing momentum is lost.

    · It attracts lookers not legitimate buyers.

    · It implies that you aren’t motivated to sell.

    · It helps the competition look better.

    · If the property does sell above true market value, it may not appraise, and the buyers may not be able to secure a loan.

    · You may ultimately have to drop your price below market value in order to sell.

    Make no mistake, we want you to get the best possible price for your property. However, an asking price that is beyond market range can adversely affect the sale of your property and the price you eventually receive. No amount of advertising, or web-based marketing strategies can overcome a listing price that is just too high.

    If your ready to sell your New Hampshire home, why not take advantage of our offer to prepare a market value report on your home?

     

     

     

    Distinctive Custom Colonial on Windham NH Cul-de-Sac

    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.