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November 21, 2009


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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Milan, New Hampshire

Reported by Liz LePera, REALTOR, CRS, GRI, Broker/Owner, e-PRO

Updated October 9, 2009.

Current Market Rating: 1



1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 1



1
2
3
4
5
Falling

Rising

This report is for single family (not condo or mobile)homes sold through the Realtors' MLS system only. Private sales have not been tracked. Of the 50 homes on the market at this time, 3 are sale pending, only 6% which keeps the Milan-Dummer area firmly in a strong buyer's market at this time. There have been 6 sales in the Milan-Dummer area so far this year, at an average sale price of $114,708 which does not compare well with the average price of last year for the same time period of $171,400, down over 40% from last year. Let's hope that trend changes.
YEAR / # HOMES SOLD / PRICE % CHANGE
2000 / 14 SOLD / $89,242
2001 / 8 SOLD / $80,243 / -11%
2002 / 17 SOLD / $76,129 / - 5%
2003 / 24 SOLD / $84,950 / +11%
2004 / 22 SOLD / $94,450 / +11%
2005 / 20 SOLD / $146,225 / + 54.8%
2006 / 12 SOLD / $157,079 / + 7%
2007 / 16 SOLD / $150,675 / - 4%
2008 8 SOLD / $144,312 / - 4%
2009 BY MONTH
MONTH / # SOLD / AVG SALE PRICE
JAN / 0 SOLD /
FEB / 1 SOLD / $161,000
MAR / 1 SOLD / $27,000
APRIL / 2 SOLD / $79,000
MAY / 0 SALES
JUNE / 0 SALES
JULY / 1 SALE / $155,000
AUG / 0 SALES
SEP / 1 SALE / $175,000

YEAR 2009 TO DATE
# SOLD / AVG PRICE / DAYS ON MARKET
7 SALES / $ 114,708 / 197

Based on information from the Northern New England Real estate Network, Inc. for the period Jan 1, 2000 through 9/30/09.



ZIP Code: 03588

Location Characteristics: Milan and Dummer, NH, are two small towns that almost form one community. They lie along the banks of the Androscoggin River, are located between the White Mountains and the Great North Woods. Great country for farming, fishing, hunting, snowmobiling, cross country skiing, canoeing & kayaking. The land is gently rolling. Each village has its own town hall, but there are not many shopping facilities. Great places for beauty and peace.

For More Information:

View Market Conditions of other areas served by Liz LePera

Navigate: Top > New Hampshire > Milan

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.




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