Currently (as of 11/1) there are 71 single family homes on the market with an average list price of $338,455. In October, 23 homes sold with an average sales price of $227,802 (at 92% list price) compared to 4 last year for $328,725 (at nearly 100% list price), for a 30% decrease in average price since last year. The mean sales price in Rockingham County is down 3.77% from this time last year, and 11.4% year-to-date. Also 70 HAMPSTEAD homes sold in 2009, compared to 35 by this time last year, which is an increase of 200%. With 6 homes pending in October, this equates to over 11 month's supply of single family homes.
Different homes sold this year than last. Last year, they were all single family homes, vs. this year it appears that investors and first -time home-buyers have been scooping up many of the smaller houses and distressed properties. We are still experiencing strong Buyer's Market with home prices declining. With interest rates continuing to stay low, now may be a good time to buy!
For the Seller, this could be a great time to sell, because many frustrated Sellers are coming off the market for the season, and right now Buyers are trying to buy before they miss out on the Tax Credit, which has been extended through April 2010. So if you are priced right, and on the market now, there is less inventory for Buyers to choose from; and there is a very good chance your house will sell!
For an accurate assessment of your particular situation, call us at (603) 434-3992. We'll be happy to serve you!
Phyllis and Steve
ZIP Code: 03841 Approximate Location Boundaries: Hampstead is centrally located in southeastern New Hampshire, in the middle of Rockingham County. It is close to the Mass. Border, near Haverhill, close to Manchester and Salem, NH, and is close to the Seacoast. Major highways are easily accessed from here.
Location Characteristics: Hampstead is a small town that is often described as a "picture postcard" town with an elegant historic Main St. characterized by antique Colonial homes. Hampstead contains approximately 8,350 acres of land (13.4 square miles), 400 of which are inland water area, wholly or in part Island Pond, Sunset Lake, and Angle Pond, all attracting a significant seasonal population and summer youth camp to town.
About Phyllis & Steve Brown:
Steve and Phyllis Brown are full time Real Estate professional REALTORs. They provide real estate services in the Merrimack Valley region of Southern New Hampshire and Northern Massachusetts, which includes parts of Rockingham, Hillsborough and Middlesex counties.
As a long-time resident, Steve applies his local knowledge and experience to help you get the best possible results. Steve is an experienced Listing Agent, Relocation Agent and Buyer Representative.
Phyllis joined Steve in his practice 7 years ago. Phyllis has achieved certification as a Buyer Representative, as a Seniors Real Estate Specialist (SRES). Also, as an Accredited Home-Staging Specialist (AHS), she has the knowledge and the tools to present your property to maximize appeal and speed the sales process, often with little or no expenditures or financial investment.
Phyllis also brings an extensive client-oriented mindset from her former career in Nursing. Having worked for 30 years, closely with ill children and with the parents of children having very complex medical needs, Phyllis won accolades for high-level service. She is organized and efficient, and often provides research and follow-up services with customers and clients. This means a smooth transaction for you!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
