2009 is off to a great start! The ski area has had a lot of traffic and our office has been quite busy during what is typically a slower part of the year. One thing that I believe is really just starting to help our economy is how low interest rates are. I’m looking at refinancing and I should be able to get around 4.5-4.7% which will save me well over $200 a month!
Housing prediction–First off it would absolutely rock to have a crystal ball that told me everything, however the following is my best assumption of what the next year or so may have in store for us. I think that for the next few months we’ll see the Sunapee area real estate market continue to drop a bit lower but eventually start leveling out this summer and then staying level for much of 2010. As far the drop goes, I can’t see it being much more if even 2%.
I would be very interested in your opinion reading this so please feel free to comment!
Below is a series of of graphs and data for residential sales in the Sunapee Region. Compared to my previous posts, I have added the towns of Salisbury and Danbury which brings the total towns to 18.
Dollar Volume
Units Sold
Average Days On Market
Average Sales Price
The next chart is what I used to compile all of the graphs above
Sunapee Region Total Sales Review
This next chart compares each of the 18 towns individually. As you will see there have been some increases in average sales price and dollar volume, but bear in mind these numbers can be skewed quite easily with a $1 million plus sale in the area. If you click on the chart it will take you to a large image that will be much easier to read.
Merrimack County Sales
Sullivan County Sales
If you are interested in more information about NH, please check out New Hampshire’s economic conditions monthly report found here
I will be doing another blog entry regarding land sales and waterfront property sales which will be in a very similar format to the above stats. If you would like me to run #’s on anything else, please don’t hesitate to comment below.
*All data used is from NNEREN MLS
