Market Trends
Welcome to the RE/MAX Upper Valley’s market update.
Overall, the Upper Valley real estate market showed signs of being on the mend in 2010 with a modest 2 % increase in median sales price. One interesting note, the largest percentage increase in sales prices were in the towns with either the lowest priced homes or the highest. Windsor Vermont with a median sales price of $169,900 saw a 13% increase. Hanover New Hampshire with a median sales price of $535,000, reflects a 17% increase over 2009. The core communities of Lebanon, West Lebanon and Hartford continued to fall with all three showing a median sales price of around $200,000, which reflects the cautious attitude of consumers in this price bracket. As the economy continues to slowly improve, we expect the sales prices in these areas to also go up.
Recent economic indicators were very positive towards a slowly improving real estate market. Lower than expected inflation combined with high demand for long term securities, helped to keep interest rates low. As consumer confidence continues to improve, so will the real estate market.
If you are thinking about selling or buying in 2010 or may know of someone who is, please contact one of our professionals at RE/MAX Upper Valley.
Thank you.
If you have any questions or would like to speak with one of our agents please give me a call at 603-252-2934 or email
Gerry@UvMaxRe.com
If you are considering the sale or purchase of a home please
call one of our sales representatives for a no obligation buyer or
seller consultation.
Gerry Stark, Principal Broker/Co-Owner
RE/MAX Upper Valley Partners
Gerry has been a Realtor for more than 22 years. He is the 2005 Upper
Valley Boards “Realtor of the Year” and teaches the Realtors ethics
course. He is the 2010 President Elect of the Upper Valley Board of
Realtors and is licensed as a real estate Broker in both New Hampshire &
Vermont. Designations include the Certified Buyers Representative, a
certified mentor for the Buffini & Company, A member of the Lebanon
Chamber of Commerce, the NH Better Business Bureau and a NH Notary
Public as well as the past Chairman of the Enfield Zoning Board.
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For a FREE market opinion of your home email
freecma@uvmaxre.com or give us a call at 603-298-8900. |
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Archived Market Trends
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