Market Trends
All real estate markets are local and locally the Upper Valley is doing quite well! Although declining numbers nationally have some effect on our local economy we must consider that regionally we have seen far fewer foreclosures or big drops in selling prices as compared to other parts of the country. A stable economy, low interest rates and a properly priced home will still sell in today’s market, albeit it may take a few more months than in years past.
Unfortunately first time home buyers may have missed the boat. Tempted by what they thought would be “better deals” this spring many buyers waited to purchase only now to find that mortgage companies and other lenders will no longer finance them. Buyers who had been pre-qualified last fall should consider another visit to their mortgage broker or lender, especially if their down payment is less than 3% or credit score is not above 680. It’s not impossible to get financing however it could take the cooperative effort of the Buyer, Seller, Lender and Realtor to get the job done.
No matter what your plans are you should consider contacting one of our RE/MAX Upper Valley housing specialists to guide you through this changing market.
To request a free CMA send us an email at
freecma@uvmaxre.com
Gerry Stark
Principal Broker
Twelve Months Sales Data
01/31/06 to 01/31/07 vs 01/31/07 to 01/31/08
TOWN
|
TOWN |
Units
Sold |
%
Change |
Avg. Sale
Price |
%
Change |
Med. Sale
Price |
%
Change |
DOM |
%
Change |
|
|
|
|
|
|
|
|
|
| Canaan |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
46 |
|
$166,854 |
|
$186,250 |
|
135 |
|
| Jan 07 - Jan 08 |
43 |
-7% |
$196,550 |
18% |
$182,500 |
-2% |
187 |
39% |
| Claremont |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
141 |
|
$157,978 |
|
$155,000 |
|
75 |
|
| Jan 07 - Jan 08 |
116 |
-18% |
$174,621 |
11% |
$155,950 |
1% |
118 |
57% |
| Cornish |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
15 |
|
$271,930 |
|
$220,000 |
|
66 |
|
| Jan 07 - Jan 08 |
5 |
-67% |
$211,860 |
-22% |
$198,000 |
-10% |
83 |
26% |
| Enfield |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
59 |
|
$212,747 |
|
$202,000 |
|
95 |
|
| Jan 07 - Jan 08 |
62 |
5% |
$268,286 |
26% |
$229,500 |
14% |
137 |
44% |
| Grantham |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
84 |
|
$326,380 |
|
$299,000 |
|
132 |
|
| Jan 07 - Jan 08 |
67 |
-20% |
$294,272 |
-10% |
$280,000 |
-6% |
176 |
33% |
| Eastman |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
85 |
|
$326,211 |
|
$303,000 |
|
132 |
|
| Jan 07 - Jan 08 |
69 |
-19% |
$293,685 |
-10% |
$280,000 |
-8% |
174 |
32% |
| Hanover |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
80 |
|
$558,008 |
|
$521,250 |
|
100 |
|
| Jan 07 - Jan 08 |
80 |
0% |
$602,460 |
8% |
$479,500 |
-8% |
119 |
19% |
| Lebanon |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
111 |
|
$261,208 |
|
$248,500 |
|
92 |
|
| Jan 07 - Jan 08 |
102 |
-8% |
$290,122 |
11% |
$260,000 |
5% |
117 |
27% |
| Lyme |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
25 |
|
$550,548 |
|
$420,000 |
|
136 |
|
| Jan 07 - Jan 08 |
16 |
-36% |
$397,500 |
-28% |
$400,000 |
-5% |
184 |
35% |
| Orford |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
10 |
|
$331,502 |
|
$251,500 |
|
156 |
|
| Jan 07 - Jan 08 |
14 |
40% |
$257,536 |
-22% |
$275,000 |
9% |
99 |
-37% |
| Plainfield |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
18 |
|
$311,333 |
|
$272,500 |
|
106 |
|
| Jan 07 - Jan 08 |
21 |
17% |
$277,171 |
-11% |
$257,000 |
-6% |
154 |
45% |
| Bradford |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
25 |
|
$165,784 |
|
$158,000 |
|
112 |
|
| Jan 07 - Jan 08 |
24 |
-4% |
$187,631 |
13% |
$182,500 |
16% |
80 |
-29% |
| Fairlee |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
4 |
|
$676,750 |
|
$591,000 |
|
80 |
|
| Jan 07 - Jan 08 |
13 |
225% |
$428,731 |
-37% |
$320,000 |
-46% |
141 |
76% |
| Hartford |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
113 |
|
$302,328 |
|
$230,000 |
|
91 |
|
| Jan 07 - Jan 08 |
82 |
-27% |
$331,696 |
10% |
$260,386 |
13% |
178 |
96% |
| Norwich |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
27 |
|
$455,060 |
|
$382,500 |
|
94 |
|
| Jan 07 - Jan 08 |
47 |
74% |
$515,037 |
13% |
$415,000 |
8% |
130 |
38% |
| Hartland |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
20 |
|
$323,440 |
|
$205,000 |
|
138 |
|
| Jan 07 - Jan 08 |
22 |
10% |
$302,727 |
-6% |
$219,000 |
7% |
133 |
-4% |
| Sharon |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
16 |
|
$241,581 |
|
$238,950 |
|
101 |
|
| Jan 07 - Jan 08 |
7 |
-56% |
$311,621 |
29% |
$201,350 |
-16% |
42 |
-58% |
| Thetford |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
24 |
|
$310,417 |
|
$252,500 |
|
128 |
|
| Jan 07 - Jan 08 |
21 |
-13% |
$260,598 |
-16% |
$198,000 |
-22% |
143 |
12% |
| Windsor |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
36 |
|
$191,316 |
|
$176,450 |
|
108 |
|
| Jan 07 - Jan 08 |
25 |
-31% |
$155,359 |
-19% |
$149,500 |
-15% |
119 |
10% |
| Woodstock |
|
|
|
|
|
|
|
|
| Jan 06 - Jan 07 |
52 |
|
$568,392 |
- |
$409,500 |
|
185 |
|
| Jan 07 - Jan 08 |
38 |
-27% |
$495,637 |
13% |
$330,000 |
-19% |
209 |
13% |
|
|
|
|
|
|
|
|
|
| Total |
|
2% |
|
-4% |
|
-5% |
|
25% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
These statistics are indicative of the overall market trends. Each
property requires a market analysis to determine a more accurate value range prior to listing. Contact
RE/MAX Upper Valley
Partners for your free Market Analysis today!
*All data derived from NNEREN MLS sales data, single family residential
homes only.
Archived Market Trends:
Dec 2007 |
|
