Blog :: 01-2015

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

NEW LISTING WINDHAM NH: $659,900

 

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SPRUCE POND ESTATES--Lovely Colonial home in Windham NH, with four bedrooms, 3 car garage, in ground pool and pool house located on 1.44 acres on cul-de-sac street. Many features include two story foyer, hardwood floors on 1st floor, large open gourmet kitchen w/Granite counters, stainless steel appliances, and breakfast area w/sliders to deck. Kitchen opens to the step down front to back family room w/stone masonry fireplace, lovely dining room, 1st floor laundry, 1/2 bath, and Living room/Office w/double French Doors. Large bonus room over garage is accessed from hall off the mudroom/laundry area. Second floor has 3 good sized bedrooms, full bath and master bedroom with walk in closet and large master bath with whirpool tub, shower, and double sinks. This beautiful home is convenient to Rte. #93, shopping and schools. Don't miss this one!! $659,900

 

Sunswept Contemporary Home For Sale in Windham NH

 

STRIKING CONTEMPORARY HOME JUST LISTED IN WINDHAM NH

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This contemporary home in Windham NH is a bold rejection of the New England Colonial and offers an incredible private setting, with long driveway in a desirable cul-de-sac neighborhood. There are many ways to enjoy the changing seasons with a gorgeous sunroom and a spacious screened porch. The interior features soaring vaulted ceilings and sunswept living space. Great Value at $359,900

FULL LISTING DETAILS AND ADDITIONAL PHOTOGRAPHS OF THIS WINDHAM HOME HERE.

Designer Upgrades and Amenities in the Distinctive Windham NH Custom Cape

 

JUST LISTED: DESIGNER HOME FOR SALE IN WINDHAM NEW HAMPSHIRE

KRISTIE DINSMORE DIRECT: 603-548-7230

Set privately at the end of a long driveway, you’ll discover a sensational home that is just loaded with designer upgrades and amenities. Greet friends and family in the spacious entrance hall with its double closet and gleaming hardwood floors. Pass through a pair of French doors into the spacious living room with hardwoods, crown moldings and sweeping bay-front window. Pass though another set of French doors into the designated formal dining-room, with hardwoods and custom built-in hutch or continue to use the space for other purposes. A designer’s hand is seen thoughout the elegant custom kitchen. Enjoy gorgeous custom cabinets, the richness of hardwoods, granite counters, china cabinet and thoughtful touches such as pot filler spout above the cook-top. Plus there is a bay window overlooking the back yard. The kitchen will be the gathering spot of the home, opening as it does, directly into the family room with hardwoods, masonry fireplace with gas log and beautiful custom cabinets. The mudroom area features a sensational pantry with beautiful cabinets, storage areas and a powder room that is  tucked off the hall.  The first floor is completed by two spacious bedrooms and a full bath with beautiful details including granite counters.

     The master bedroom suite features a luxurious bath. Enjoy ceramic tile flooring is warmed by radiant heat and watch the snow falling, through the picture window, from a private spa bath. There is an incredible double head, shower with distinctive glass block windows, handsome double vanity with dressing area, separate enclosed commode, the decadence of heated towel warmers and even a fridge. The spacious walk-in closet offers an abundance of built-ins and organizers. Also on the second floor is a charming bedroom with hardwoods and dressing area including unique closets with built-ins. The main bath features a beautiful tub and a whimsical dolphin water spout. There is also a second floor laundry with more custom built ins.

     The back yard is level and is highlighted by a recently refinished deck with A/G pool and a large fenced in play or pet area.

CLICK HERE FOR FULL LISTING INFORMATION & MORE PHOTOS OF THIS INCEREDIBLE WINDHAM NH HOME

Debbie St Jean Represents the Buyer in Waterfront Sale in Windham NH

Windham NH- Debbie St. Jean, a sales professional with our office, participated in the sale of this waterfront property at 42 Woodvue Road. Debbie represented the buyers as a buyer's agent. Debbie is no stranger to Canobie Lake real estate sales having been the listing agent for a beautiful waterfront home on West Shore Road. The property sold for $995,000. If you are looking to buy or sell a waterfront property in Windham NH, let Debbie put her experience to work for you. You can reach her at 603-505-1099

Just Listed: Wonderful Country Home in Windham NH

WINDHAM NH: As you drive down the winding driveway, past an ancient stone wall and a thicket of hardwood trees, you glimpse the property that is about to become the backdrop for your life. Outdoor living will be the hallmark with the “L” shaped in-ground pool, cabana and screen house, with open fields beckoning beyond.  There is an awesome wrap around deck and thoughtful accommodation and fencing for pets. The house itself is a classic colonial that has seen many recent updates including remodeled kitchen and baths, hardwoods and central air. The first floor features a spacious family room with brick fireplace/hearth with gleaming hardwoods that opens to a recently remodeled kitchen. The kitchen features and abundance of cabinets, tiled backsplash, tile floors and breakfast area with bay window that takes in the expansive view. There is also a formal living room with boxed bay window. Formal dining room with hardwood floors and French doors opening to the wrap-around deck. Plus the convenience of a half bath and laundry just off the mudroom. You’ll enjoy the bright and airy sun-room that features vaulted ceilings, tile and electric heat. The second floor features hardwood flooring and an updated full bath. The master suite offers private, recently updated  3/4 bath and double closets. Three additional bedrooms with hardwoods complete the second floor. The third floor features a two suite which offers bonus space for a variety of purposes. Finally, there is an attached two car garage and generator hook-up.

 

If you want to take a look give me a call  603-548-7230

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Grammy Nomination for Windham NH High School Music Director Jared Cassedy

Are you the parent of a musically talented child? Windham High School, in Windham NH, has a wonderful music program under the direction of Jared Cassedy. Check out the following video to get an inside look.  Jared had been nominated for a grammy for best high school band director in the nation.

Life Lessons: Jared Cassedy and the Windham High School Music Program Video

 

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Is the Pelham NH Real Estate Market Set to Soar?

Pelham NH Real Estate MarketPelham NH is a beautiful border community that offers upscale subdivisions with scenic vistas and country side views. Pelham actually has some of the most beautiful scenery in southern NH and a wonderful location for commuting. As real estate professionals, we see the real estate market in this community as being one of the best opportunities in southern NH. Why? Over the past decade, Pelham has had an issue with their high school. It was sorely in need of expanding and upgrading with no resolution. This year Pelham High School is finally being remodelled for 22.6 million dollars with a 42,000 Sq. Ft addition. For more information here is a recent article from the Eagle Tribune. And Here. And Pelham High School Information here.

The quality of the local schools are one of the driving forces behind local real estate values and with a solution to the high school issue in Pelham, NH, the reputation of the school district as a whole will improve. It is our opinion that this will effect Pelham NH home values in postive ways.

The average selling price of a single family house in Pelham NH increased from $306,634 in 2013 to $330,725 in 2014 a 7.85% increase. This compares to the average single family home price increase of 2.13% in Hillsborough County as a whole.  In neighboring Windham NH, for comparison, during the same period, average sales prices increased from $437,659 to $452,364 an increase of just 3.35%. As you can see, average prices are much higher in Windham than in Pelham. So it seems that Pelham just might be offering more house for the money, with the potential for price appreciation. One other intersting observation about the Pelham NH Home resale market is this: In 2013, 29 homes sold in the 400,000 to 500,000 price range. In 2014, the number had increased to 43. In 2014 sales in the $500,000 to $600,000 range increased to 5 from just 2 in 2013 and there was one sale in the $600,000-$700,000 range where in 2013 there were none.

Nobody can predict the future, but past trends and the prospect of a beautiful new Pelham High School, make the future look bright. There are many, very affordable luxury homes, in gorgoeus subdivisions, as well as new construction currently available in Pelham NH.

You can search for a home in Pelham NH now by clicking here.

The Pelham NH house pictured above was sold by Prudential Dinsmore on December 19, 2014. It sold for $399,900, full price, after being on the market for just 4 days.

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.

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    Windham NH Real Estate Market Report for 2014

    2014 Windham Real Estate MARKET REVIEW

    2014 was another excellent year for Home Sales in Windham.

    2014 was another strong year for the sale of single family homes, which were up slightly to 217. The average sales price was up 3.35% from 2013. Days on the market dropped by 20% and the list to sales price ratio decreased. Keep in mind the list price to sale price ratio can be effected by new construction where selling price can be higher than list price. Days on market also took a significant decline.

    2014 was another excellent year for real estate sales, with properties priced to market, selling in a short amount of time. It also was a year of firsts, being the first time ever, that a home has sold for more than $2,000,000 in Windham, in the GSSBR MLS. 4 Newbury Road was a milestone sale at $2,350,000.

    Condominium Prices are Rising in Windham NH during 2014.

    Southern NH Home Sale Statitistics for 2014 are presented below:

        

    So what will 2015 bring? The 4th quarter of 2014 results might provide a clue. In the 4th quarter, the average sales price for single family homes soared to $473,238 vs. $408,999 in the 4th quarter of 2013. However, the number of sales was down 11.53% from 52 in 2013 to 46 in 2014.

    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.

     

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