Rockingham County Home Sales 2008 vs 2009

Rockingham County home sales on the rise!

The graphs below demonstrate home sales from September 1, 2008 to September 30, 2009 in Rockingham County. This shows listings, pending, and solds per month. As you can see both pending sales and solds are up over last year and inventory is down. All very good signs and indications that Rockingham County home sales are on the rise!

Jay and Monika McGillicuddy, NH REALTORS
603-548-7728 or 603-548-7685

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Hampstead New Hampshire Sales for January 2009

Real Estate Home sales in Hampstead, New Hampshire for January 2009 vs January 2008.

Well Hampstead, NH  has doubled it’s sales from last year and I am sure there will be a couple more sales posted Monday or Tuesday as firms have 48 hours to post their sales from the time the property closes.

Days on market tell the big story, if your home is priced to sell it will sell quickly. If three months is quick. I would say it is compared to the same time last year.

Prices on average are down as well along with price per square foot.

January			Price		$/SqFt		DOM
2008		Total	Average	Median	Average	Median	Average	Median
Recently	Sold	3	$253,867	$250,100	$124	$138	225	150
2009		Total	Average	Median	Average	Median	Average	Median
Recently	Sold	6	$222,250	$198,000	$103	$97	101	64

How about a housing stimulus?

December 2008  NH Market Trend Report

With all this talk about government stimulus plans and bail outs I just have to wonder why not a real estate stimulus plan. A housing stimulus… that sounds good to me!

Every one knows that real estate makes the world go around. When people stop buying homes, they stop buying lawn mowers, new carpets and appliances…when that happens the manufacturers cut back and eventually have to lay people off.  It’s a never ending cycle…what real estate does- so does the rest of the world.

It sounds simple I know, but it’s very powerfully true.  So I say if we can’t have a real estate stimulus, I’ll take an attitude stimulus.  I think until we start spreading some good buying news, buyers will just sit on the fence so to speak.  There are so many good buying opportunities in New Hampshire it’s mind boggling.

This months market trends report is reprinted with permission from the New Hampshire Association of REALTORS and is ©Copyrighted  by the New Hampshire Association of REALTORS®, Inc. All Rights Reserved.

How about an attitude stimulus?

-by Peter Francese

It’s awfully hard to sell anything when customers are not in a buying mood. And it’s even harder when virtually every talking head on TV is telling us how awful things will be for the U.S. economy in 2009. Maybe what we need is an attitude stimulus.

We probably have enough monetary stimulus. Between $700 billion for banks and maybe $825 billion for the rest of us, combined with the lowest mortgage interest rates we’ve ever seen, one might think that would be enough to buy an attitude adjustment. We’ll see.

In the meantime, New Hampshire REALTORS can take heart in the durability of the many advantages our state enjoys and know for sure that when the national economy does turn up, New Hampshire will be one of the first out of the tank.

With full knowledge that mere facts rarely change attitudes, here are a few things that set New Hampshire apart:

The December 2008 unemployment rate was 4.3 percent in New Hampshire, compared to 6.7 nationally and 6.2 percent in New England.

The job growth rate from November 2007 to November 2008 was up 0.6 percent in New Hampshire, compared to negative-1.4 percent nationally and negative-0.6 percent in New England.

New Hampshire’s median family income is $74,600, fifth highest in the nation.

Thirty-year mortgage interest rates are drifting below 5 percent and, as Realtor Fred Doleac from Amherst has pointed out, the FHA is offering extraordinarily favorable terms for first-time home buyers with weak credit scores, including a $7,500 tax credit.

None of this may be enough to put potential home buyers in a better mood right away, but as soon as the weather warms up I think more of them will emerge and realize that excellent terms are being offered and that they can now afford a home.

Until then, all we can do is look back at last year’s results with a heavy heart and anticipate that, with some help from our friends in Washington, this year will be an improvement. If so, it’ll be the first up year for home sales in four years. We’re due.

New Hampshire REALTORS sold almost 10,200 residential homes in 2008 and about 2,750 condominiums. Residential sales were down 15 percent, and the median home price of $235,000 was 10 percent below the 2007 median. Condominium sales were 34 percent below 2007, and their median sales price of $180,000 was 5 percent below 2007.

Residential unit sales last year were 37 percent below their peak in 2005, but condo sales were less than half of what they were in 2005. Interviews with several REALTORS suggest that it’s been much harder to sell a condo unit when an identical unit nearby is in foreclosure or when the seller is under water. One reason for these problems: More condos than residential units were purchased within the past five years.

In the table below, note the percent change in unit sales from 2007 to 2008. What we can see is that while sales declined in every county, there was considerable variation between counties. While sales declined the least last year in Cheshire and Coos, median home prices dropped the most in those two counties. Almost half of all sales statewide took place in Hillsborough and Rockingham Counties, where the median values were the highest for the year.

County	2008 units sold	% change 2007-08	2008 median $	% change 2007-08	Dec. ‘08 median $	% change 2007-08
Belknap	597	-18%	$220,000	-8%	$230,000	16%
Carroll	649	-12%	$205,000	-10%	$180,000	-7%
Cheshire	624	-10%	$180,000	-13%	$164,000	-16%
Coos	302	-10%	$100,000	-13%	$85,500	-14%
Grafton	654	-25%	$195,000	-11%	$205,000	-9%
Hillsborough	2,745	-13%	$249,000	-10%	$225,000	-15%
Merrimack	1,069	-22%	$224,900	-10%	$178,100	-17%
Rockingham	2,291	-11%	$285,000	-10%	$259,900	-11%
Strafford	892	-18%	$219,450	-10%	$200,000	-16%
Sullivan	360	-25%	$171,663	-10%	$155,000	-6%
Statewide	10,183	-15%	$235,000	-10%	$212,500	-14%

Prudential Verani’s Web Statistics Dec.08 vs 07 and 06

Looking at the numbers below we are still experiencing a decrease in buyer online activity. What is good is our listings are getting more showings on them than last year and that tells me we are still seeing activity even during the Holiday season.  Monika and I have been a lot busier this time of year than we were during this same time frame last year.

What’s interesting is page views per visit is extremely close to the last three years. Also, absolute unique visitors are down and a unique visitor is actually a computer’s IP address that has not accessed our system before. In other words one person can access our website and be counted twice because he accessed our site on two different computers. He would be counted once if he accessed our site from the same computer more than once.

December-08	Stats
Total Sessions	35,499
Page Views For Month	296,641
Page Views Per Visit	8.36
Absolute Unique Visitors	16,168
E-Leads Received	409
Broker Showings On Our Homes	923
Verani Featured Homes seen on average 369 times!
December-07
Total Sessions	43,077
Page Views For Month	373,790
Page Views Per Visit	8.68
Absolute Unique Visitors	17,675
E-Leads Received	568
Broker Showings On Our Homes	916
Verani Featured Homes seen on average 510 times!
December-06
Total Sessions	44,548
Page Views For Month	423,009
Page Views Per Visit	9.5
Absolute Unique Visitors	32,898
E-Leads Received	603
Broker Showings On Our Homes	1226
Verani Featured Homes seen on average 855 times!

Foreclosure and Short Sales updated

Our Foreclosure and Short Order sales list has been updated. Check the list out… New Hampshire Foreclosure and Short sales and if  you’d like more detail or would like to set up a showing just give us a call.

Don’t forget you can also search New Hampshire Listings right here on our Blog and while you’ll need to sign in to do so we promise that we will never sell your information OR hound you in anyway. We Hate Spam worse than you do!!! Our only request is that when you are ready to book an appointment  that you contact us…we would be honored.

Prudential Verani Web Stats for November 2008

Our November Web advertising stats are available below.
The tables below show that our stats are down from last year, which is no surprise, but, it is interesting that we are showing more properties this November than we did in 07 and 06. With the Holidays fast approaching we are still seeing activity. It seems buyers are looking for a great buy. Home prices are still declining and with more homes coming off the market due to the holidays it would seem that buyers won’t have as much to choose from.

A lot of bank owned homes are priced well below their competition and although a bunch of them still need a lot of work, buyers seem to be willing to make the necessary repairs to purchase these homes at a lot lower price.

There are three reasons why a home will not sell.

1. Location

2. Condition

3. Price

If your home is in a great location and in great condition then it leaves only one reason why it won’t sell.

Price…

In this case you should lower the price to generate more activity. With the internet and all the information at the buyers fingertips buyers are more picky during these times.

It is a buyer’s market

November-08	Stats
Total Sessions	43,758
Page Views For Month	341,369
Page Views Per Visit	7.8
Absolute Unique Visitors	19,789
E-Leads Received	431
Broker Showings On Our Homes	1515
Verani Featured Homes seen on average 385 times!
November-07
Total Sessions	53,956
Page Views For Month	456,127
Page Views Per Visit	8.45
Absolute Unique Visitors	21,094
E-Leads Received	861
Broker Showings On Our Homes	1219
Verani Featured Homes seen on average 548 times!
November-06
Total Sessions	48,076
Page Views For Month	450,723
Page Views Per Visit	9.38
Absolute Unique Visitors	35,230
E-Leads Received	652
Broker Showings On Our Homes	1422
Verani Featured Homes seen on average 934 times!

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