Pelham 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.
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.