NH Real Estate Market Conditons - February '07

Hot or not? There are lots of indications that the market is beginning to stabilize and is on a steady path to recovery. The overvaluation of the red hot market in 2005 has been offset with price corrections throughout most of last year (2006), resulting in a much healthier market where homes have become more affordable and priced to sell, as we are seeing now. In addition, after a quiet holiday season, there has been quite a significant buzz of active buyers in the past two months (and continuing) fueled by a rather mild winter.

What does the Spring have in store? Things are looking relatively optimistic as long as interest rates maintain (we'll have to keep a close eye on the implications of the recent stock market meltdown and what Bernake does at the next Fed meeting).

Condominiums:
The following is data regarding NH condomium sales activity:

Nashua
Number New condos - 48
Number Sold condos - 36
Average Days on Market - 94
Average Listing Price - $195,650
Average Price Sold - $192,308

Manchester
Number New condos - 77
Number Sold condos - 38
Average Days on Market -56
Average Listing Price - $156,867
Average Price Sold - $154,602

Portsmouth
Number New condos - 11
Number Sold condos - 6
Average Days on Market - 62
Average Listing Price - $389,767
Average Price Sold - $379,800

Concord
Number New condos - 20
Number Sold condos - 8
Average Days on Market - 81
Average Listing Price - $111,288
Average Sales Price - $103,938


Single-Family Homes:
The following is data regarding NH single-family home sales activity:

Nashua
Number New homes - 66
Number Sold homes - 27
Average Days on Market - 91
Average Listing Price - $312,811
Average Price Sold - $302,363

Manchester
Number New homes - 82
Number Sold homes - 50
Average Days on Market - 85
Average Listing Price - $262,038
Average Price Sold - $258,890

Portsmouth
Number New homes - 10
Number Sold homes - 13
Average Days on Market - 94
Average Listing Price - $263,331
Average Price Sold - $255,338

Concord
Number New homes - 23
Number Sold homes - 15
Average Days on Market - 134
Average Listing Price - $256,037
Average Sales Price - $247,151

Labels: new hampshire real estate, real estate market

posted by B. Samii @ 11:57 AM