Currently (as of 11/1) there are 253 single family homes on the market with an average list price of $256,985. In October, 66 homes sold with an average sales price of $200,260 (at 97% list price) compared to 62 last year for $205,425 (at 97% list price), for a 2.5% decrease in average price since last year. The mean sales price in Hillsborough County is down 10.2% from this time last year, and 8.00% year-to-date. Also 653 MANCHESTER homes sold in 2009, compared to 562 by this time last year, which is an increase of 16%. With 58 homes pending in October, this equates to just more than 4 month's supply of single family homes.
It appears that investors and first-time home-buyers have been scooping up many of the bank-owned and distressed properties. We are still experiencing a Buyer's Market with home prices leveling off. 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 off the market, 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 Codes: 03101, 03102, 03103, 03104, 03109 Approximate Location Boundaries: Manchester is located in the center of Merrimack, Rockingham and Hillsborough counties. It is the economic and cultural hub of the entire region. Its location is central to all major highways and is home of the Manchester-Boston Regional Airport.
Location Characteristics: Manchester is an historic mill community in Hillsborough County, which sits along the banks of the Merrimack River. As a vibrant, modern city, Manchester boasts exceptional arts, cultural and entertainment community, and each year hosts a multitude of community-organized ethnic fairs and festivals. Locals refer to the city as "ManchVegas"!
Manchester is an attractive place to work and live. In 2009 CNNMoney.com rated Manchester 13th in a list of the 100 best cities to live and launch a business in the US, Kiplinger voted Manchester the second most tax friendly city in the US. Also in 2009, Forbes magazine ranked the Manchester region first on its list of "America's 100 Cheapest Places to Live.
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.
