NH Real Estate Market Report Year End 2009
February 15, 2010 by Monika McGillicuddy
Filed under General R.E. Information, Market Reports
NH Real Estate Year End 2009 Market Report
Exciting news! For the first time in five years we can actually say we closed out the year, ahead of the previous year! 2009 year end state wide unit solds came in ahead of 2008 by 6 percent.
According to data released by the New Hampshire Association of REALTORS (NHAR) there were 10,832 single family homes sold in NH in 2009 that is up from the 2008 total of 10,208.
While sale prices still lag behind 2008 with a decrease of 10% bringing the median sales price in 2009 to $212,000 compared to 2008 figure of $235,000. The tax credit continues to be an attractive incentive and along with competitive home prices and low interest rates we’re expecting a very active NH spring market.
17% increase in Units Sold
January 2010 state wide unit solds in comparison of January 0f 2009 show a fantastic 17% increase! If you’re thinking of buying or selling and want to take advantage of the Tax Credit give us a call and we can chat about your options.
New Hampshire Real Estate Blog
Jay and Monika McGillicuddy, NH REALTORS
Prudential Verani Realty
2 Main Street Hampstead NH
603-327-0246 direct line
603-434-2377 office
Monika cell 603-548-7728
Jay cell 603-548-7685
169 Town Farm Road Chester NH Dream Home for sale
February 13, 2010 by Monika McGillicuddy
Filed under General R.E. Information, Listings for sale
Gorgeous Chester NH home for sale
Stunning 5,000 sq ft center chimney Cape style home with a contemporary flair. Exception quality through out! 11 rooms, 4 bedrooms, great room,formal dining room, first floor master bedroom suite, double staircases, beautiful wood floors, 3 car garage all on over 5 acres of land.
169 Town Farm Road… a True Beauty
169 Town Farm Road in Chester NH is a true beauty! Call Jay or Monika McGillicuddy, NH REALTORS at 603-548-7685 to set up an appointment to view this exceptional home.
Chester NH Home for sale MLS# 2817719 $699,000 If you’re looking for something different… this is your dream come true. We have both a video walk through and a virtual (still pictures) tour for you to enjoy.
Enjoy our Video Tour of 169 Town Farm Road
Enjoy our Virtual Tour of 169 Town Farm Road
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
Monika cell 603-548-7728
Jay cell 603-548-7685
Full Moon over Hampton Beach, NH
January 30, 2010 by Monika McGillicuddy
Filed under Blog, Videos
Full Moon Over Boar’s Head at Hampton Beach
We Drove over to Hampton Beach last night just in time to watch the Full Moon Rising over Boar’s Head just north of Hampton Beach, NH. We could see the setting sun reflecting over the buildings as Moon rose proudly over the Atlantic. We shot the first part of this video from the side of road and then moved further up the beach. The second part shows the moon slightly higher and of course not as orange as the sun had already set. We ended up at North side park in Hampton.
Hampton Beach Full Moon video by Jay and Monika McGillicuddy
I’ve been working on teaching myself video editing and this is the 1st time I’ve used some sound effects and voice over all together. It was very windy with wind chills below zero so the conditions were far from perfect but it was a nice clear night!
Full Moon Rising over New Hampshire
Hope you enjoy the video
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
New Hampshire Real Estate Moving on up….
January 15, 2010 by Monika McGillicuddy
Filed under Market Trends Report
New Hampshire Real Estate Moving on up…
We certainly ended the year with all indicators showing that the New Hampshire real estate market is moving on up. That was a very nice thing to see especially after a pretty dismal start to the year. We ended being up 6% over 2008 in residential units sold.
Prices declined 10%
While the median sale price continued to decline with a 10% decrease over last years median price of $235,000, when comparing Dec 08 to Dec 09 there was only a 1.9 percent difference. Hopefully that trend will continue. While no one has a crystal ball it does seem as if we’re in the middle of a comeback. Thinking of buying real estate in southern New Hampshire, now is not the time to sit on the fence. Give us a call we’d love to help you find that prefect dream home.
The New Hampshire Association of REALTORS publishes a Market Trend report on a quarterly basis, which is reprinted below with permission.
Congratulations for doing so well in 2009; now for 2010
-By Peter Francese
New Hampshire REALTORS® have every reason to be extremely proud that they not only survived 2009, but in fact sold more homes than in 2008. That was a huge achievement considering the near-record depth of the Great Recession.
During 2009, the bad news just kept coming. New Hampshire’s unemployment rate peaked at 7.2 percent in September – the highest it had been in almost 17 years. There were over 3,400 home foreclosures in 2009, almost as many as the nearly 3,600 in 2008. As if that were not enough, total statewide employment fell by over 15,000 jobs between November 2008 and November 2009.
But that was so last year. What about 2010? Well, the consensus of most economists is that the recovery from this extraordinary recession will get underway this year, although they also predict that the recovery will be slow and that it may take two years for our state to get back to some semblance of normal, whatever that is.
Considering how well home sales went when the recession was in full swing, there is no reason why this year should not be one of recovery. The state unemployment rate is below 7 percent (compared to the 10 percent nationally) and dropping. And new unemployment claims are also falling.
But as we know now, traditional employment is only one indicator of housing demand in New Hampshire. In addition to over 625,000 people with jobs, we also have in excess of 100,000 more who are self-employed. They normally can’t collect an unemployment check, so they are not included in the labor stats. But they’re a critical part of the New Hampshire economy and will play a key role in this recovery.
And let’s not forget the Philadelphia Federal Reserve’s index of state economic activity, which has been rising in New Hampshire since last September. It’s now over 193, still fourth highest in the nation and well above the 154 average for the other New England states.
Another New Hampshire advantage is that we have much healthier local banks than other states. None have been closed by the FDIC, and none are even on their watch list. That’s way better than in the early 1990s and bodes well for home sales in 2010.
All signs point to a reasonably robust recovery this year and next. But our state still has, shall we say, “issues.” We are now the fourth oldest state in terms of median age, and aging too rapidly for us to be complacent about future labor force growth.
One often overlooked aspect of the New Hampshire, however, is our residents’ very high level of educational attainment. Our state is among the nation’s top 10 in the percent of adults with a bachelor’s or graduate degree. Which of course explains why we are also in the top 10 in terms of median household and family income.
Well-educated workers are far more likely to work after age 65. New Hampshire’s Baby Boomers, who will be turning 65 at the rate of approximately 20,000 a year over this decade, are likely to follow that pattern, and many will continue working. That will do a lot to boost future economic growth, as well as second home sales.
Table I below shows that home sales grew in nine of our 10 counties between 2008 and 2009, but that sale price was lower in all 10. Median sale price did rise slightly statewide between November and December, and increased 10 percent for the nearly 2,400 sales in Rockingham County.
Condominium sales, however, did not increase year-over-year statewide, and their sale price was lower almost everywhere. Statewide residential median sale prices were only about 28 percent higher than condo median sale prices, and in three counties condominiums prices were actually higher. This suggests that the recovery in residential sale prices is likely to occur faster than that for condominiums.
Congratulations again for 2009, and may 2010 be even better.
Table I: Residential home sales for 2009 compared to 2008
| County | Units sold 2009 | % change 2008-09 | Median price 2009 | % change 2008-09 |
| Belknap | 634 | 6% | $175,345 | -20% |
| Carroll | 714 | 10% | $185,000 | -10% |
| Cheshire | 598 | -5% | $167,000 | -7% |
| Coos | 344 | 14% | $75,000 | -25% |
| Grafton | 697 | 7% | $169,000 | -13% |
| Hillsborough | 2,947 | 7% | $229,900 | -7% |
| Merrimack | 1,162 | 9% | $198,500 | -12% |
| Rockingham | 2,399 | 4% | $257,900 | -10% |
| Strafford | 965 | 8% | $195,000 | -11% |
| Sullivan | 372 | 3% | $149,750 | -13% |
| Statewide | 10,832 | 6% | $212,000 | -10% |
Table 2: Condominium sales for 2009 compared to 2008
| County | Units sold 2009 | % change 2008-09 | Median price 2009 | % change 2008-09 |
| Belknap | 154 | -1% | $150,000 | -10% |
| Carroll | 123 | -6% | $160,000 | -10% |
| Cheshire | 50 | 28% | $138,700 | -22% |
| Coos | 12 | 100% | $312,500 | 34% |
| Grafton | 278 | 14% | $185,750 | -9% |
| Hillsborough | 992 | 7% | $159,950 | -10% |
| Merrimack | 181 | -20% | $158,000 | -9% |
| Rockingham | 794 | -4% | $177,700 | -9% |
| Strafford | 135 | -19% | $150,000 | -13% |
| Sullivan | 29 | -6% | $252,500 | 3% |
| Statewide | 2,748 | 0% | $165,000 | -8% |
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
A video tour of 25 Valley Road Hampstead NH
December 31, 2009 by Monika McGillicuddy
Filed under Listings for sale, Videos
This property is pending sale
25 Valley Rd Hampstead NH A video tour
Video tour of 25 Valley Road in Hampstead NH. This home is bank owned and ready for immediate occupancy. This is a horse lovers dream come true.
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
Rockingham County Real Estate Market Report Nov 2009
December 29, 2009 by Monika McGillicuddy
Filed under Market Reports
New Hampshire Home Sales show a historic Increase!
November was an awesome month as far as real estate statistics goes. Statewide unit sales jumped 70% in November compared to November of 2008. We haven’t seen an increase like this in years! Statewide the residential inventory dropped from a 22 month supply in Jan of 2009 to a 9.1 month supply which is the LOWEST it’s been since June of 2007! All good news and a strong indicator that we are on the rise!
Rockingham County Real Estate Statistics
Rockingham County is looking pretty good too with a 50.6% increase comparing Nov 08 to Nov 09 in residential unit solds. This will be the first time since 2004 that unit sales will end up ahead of the previous year. All good signs.
Prices are down
Prices are still down with Rockingham county year to date showing a 10.9% decrease with a median sales price of $176,000
Rockingham County Absorption Rate
The National Association of REALTORS considers a 6-7 month supply a balanced market and considering that in Jan of 09 Rockingham county had a 20.9 month supply the current figure of 8.4 months is looking mighty fine.
Tax credit waiting for you!
Consider also the tax credit offered to the first time home buyer, some terrific mortgage rates and you have a perfect real estate storm… are you ready?
If so, give us a call as we’d love to help you.
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
