April sure went by fast and I think things are really starting to change. Beyond the fact that sales are up 38% +/- for this time period, it really seems like there is more general confidence out there. When running into people the first thing out of their mouth is no longer “hey did you see xyz company closed, this person went bankrupt, etc”. Provided we don’t have any more economic curve balls, I feel like we’re slowly on our way out of this downturn!
Historical Sales For Our 16 Local Towns
January 2006-23 Sales
January 2007-29 Sales
January 2008-27 Sales
January 2009-15 Sales
February 2006-26 Sales
February 2007-30 Sales
February 2008-25 Sales
February 2009-15 Sales
March 2006-35 Sales
March 2007-38 Sales
March 2008-17 Sales
March 2009-29 Sales
April 2006-46 Sales
April 2007-28 Sales
April 2008-21 Sales
April 2009-29 Sales
- 33 properties went under agreement this April
Goshen NH
- $100,000- 277 Cross, Goshen NH
Grantham NH
- $189,750- 16 Hummingbird Hill, Grantham NH
- $341,000- 398 Hastings Hill Rd, Grantham NH
Lempster NH
- $107,000- 307 Lempster, Lempster NH
- $200,000- 324 Barrett Rd, New London NH
- $475,000- 20 Highland Ridge, New London NH
- $520,000- 92 Murry Pond Rd, New London NH
- $530,000- 1549 Little Sunapee Rd, New London NH
- $540,000- 178 Turkey Hill Run, New London NH
- $162,800- 81 Ramblewood Circle, Newbury NH
- $225,000- 483 Gillingham Drive, Newbury NH
- $72,750- 79 Winter St, Newport NH
- $114,000- 45 Church St, Newport NH
- $115,000- 69 Court, Newport NH
- $375,000- 11 Sunset Vista Way, Newport NH
- $289,000- 185 Town Farm Rd, Springfield NH
- $419,600- 13 Glenwood, Springfield NH
- $162,000- 15 Pleasant Place, Sunapee NH
- $180,000- 30 Demijen Ln, Sunapee NH
- $187,000- 38 Bradford Rd, Sunapee NH
- $539,000- 34 Bay Rd, Sunapee NH
- $158,750- 81 Sandy Knolls Rd, Sutton NH
- $175,000- 242 Shaker St, Sutton NH
- $208,000- 98 Main St, Sutton NH
- $210,000- 446 North Rd, Sutton NH
- $280,000- 509 Shaker St, Sutton NH
Washington NH
- $158,750- 81 Sandy Knolls Rd, Washington NH
- $204,900- 121 Marys Ln, Washington NH
{ 2 comments… read them below or add one }
Dan-
I’ve been here on Hilton Head Island since February, but continue to watch your monthly updates.
The real estate that is selling does not appear to include the higher priced lakefront properties (1,000,000 and up)
Last year (2008) saw 4 or 5 properties in this category sell during the first 3 months of the year in Sunapee, Newbury, and New London. This year, NONE. The listings in this category however are growing to a high numer yet nothing is selling.
The properties that are selling are under 400,000, and most seem to be going at assessed or sub-assessed values.
However, I note a large volume of listings in the high end category carry asking prices that are very high given their assessed values.
Could this be the reason they are not selling, or do you think there is something else going on?
Hi Frank,
Your analysis is right on. Properties $400,000 and up have met much more resistance and have not been selling as frequently as sub 400k listings.
The assessed values that the town has for properties can be quite inaccurate at times and can’t be used as an exact gauge, but is still worth taking into consideration.
I know that activity has picked up on the high end properties but people still are not making decisions just yet. I think some folks don’t want to insult the sellers with what they would be willing to buy the property for. In this buyers market, sellers are the most conditioned they’ll ever be to receiving lower offers. I’ve been encouraging my clients to move forward and make these offers if the property fits all their criteria. Naturally this all depends on the property as some out there are priced appropriately or at the “deal” price.