Reported by Liz LePera, REALTOR, CRS, GRI, Broker/Owner, e-PRO
Updated May 9, 2009.
Current Market Rating: 2
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Buyer's
Seller's
Current Price Trend: 3
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Falling
Rising
This report is for single family homes (not mobile or condo homes) sold through the Realtors' MLS system only. Private sales have not been tracked. Of the 32 homes currently on the market in Gorham, 3 are sale pending (about 9%), which is an indication that Gorham is still within a buyer's market. For the first quarter of this year, the number of sales were the same as last year (4), but average price was down from $129,580 to $93,000. If that trend would continue, that would be an extremely negative sign. This probably will not be the case, however. It is expected that the market will pick up when the weather improves.
RECENT HISTORY
YEAR / # HOMES SOLD / PRICE % CHANGE 2000 / 6 SOLD / AVG $ 86,933 2001 / 16 SOLD / AVG $ 62,143 / - 29 % 2002 / 35 SOLD / $ 78,120 / + 26 % 2003 / 30 SOLD / $ 95,236 / + 22 % 2004 / 35 SOLD / $ 141,988 / + 49% 2005 / 29 SOLD / $ 133,075 / - 6% 2006 / 28 SOLD / $ 157,811 / +18% 2007 / 23 SOLD / $ 197,430 / +25% *(Median-$126,500) 2008 / 22 SOLD / $ 120,773 / (even) *(Median-$127,450) *(insignificant change in median price) 2009 BY MONTH JAN 2009/ 1 SOLD /$ 40,000 FEB 2009 / 2 SOLD / $ 148,500 MAR 2009 / 1 SOLD / $35,000 APR 2009 / 0 SOLD YEAR TO DATE # HOMES SOLD / AVERAGE PRICE / DAYS ON MKT 4 SOLD / $ 93,000 / 247 DAYS Based on information from the Northern New England Real estate Network, Inc. for the period Jan 1, 2000 through 4/30/09.
ZIP Code: 03581 Approximate Location Boundaries: Town
Location Characteristics: Gorham is a charming resort town of about 3300 people in the White Mountains. Restaurants and hotel/motel rooms abound. Great year round recreation available. Handy to all sorts of recreation and enjoying beautiful views in all directions.
About Liz LePera:
Liz is a Graduate of the Realtors Institute (GRI) and is a Certified Residential Specialist (CRS). She is a 20 year real estate veteran and a member of the New Hampshire Association of Realtors Honor Society for the past 10 years. Also as an e-PRO, she keeps ahead in new market trends and technology is a priority for better service to her clients in a changing world.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
