The average days on market last year in NH was 56 days. If your house has been on for way longer, there are a multiple of reasons as to why it hasn’t sold. Below are some common causes.
- The house is overpriced - the #1 reason why most homes don’t sell.
- The house isn’t properly prepared for the market. Cluttered, too personalized, not sparkling clean, not staged.
- Poor listing photos. 93% of buyers are searching online and weed out homes based on photos alone.
- The property needs too many repairs or updates. Buyers want move-in condition and are unwilling to take on the cost and effort of repairs & renovations.
- You are too emotionally attached. Not listening to recommendations by your agent, micro-managing the process, having unrealistic expectations, etc.
Homes are selling every day because they are at the right price and prepped for sale. Contact me if you want honest & realistic advice on getting your house sold. 603-526-4116; www.DonnaForest.com; Donna@DonnaForest.com
Every year the National Association of REALTORS conducts a survey of recent home buyers and sellers to gain insight on the home buying and selling process. Below are some highlights from this report about buyers last year.
- 33% of all home buyers were firstt time buyers and financed 94% of the purchase price.
- Buyers searched 10 weeks and looked at 9 homes before buying a home.
- The typical home purchased was 1850 sq. ft., 3 bedrooms, 2 baths, built in 1990.
- 93% of buyers found online websites their most useful source; photos and detailed information were an important factor.
- 89% of buyers purchased their home using a real estate agent.
- The top 3 factors influencing what buyers chose were: (1) quality of neighborhood, (2) convenience to job, and (3) overall affordability.
Sellers should be aware of how these buying traits might impact them. For example, a house located out in the boonies with 5 bedrooms and 3000 sq. ft. doesn’t target the typical buyer – which could mean longer time on market. Contact me if you’d like to know how these factors might impact you. 603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com
Data from the NAR 2019 Profile of Home Buyers and Sellers
Interested in home and condo sales in New Hampshire for the past year? To review the market data from New Hampshire REALTORS for 2019, click here 2019 Market Data from NHAR.pdf
This attractive, four bedroom colonial is privately set on two acres of land in Bradford, NH. It offers a spacious, welcoming layout with hardwood floors and stainless steel appliances. The master bedroom is on the second floor with ensuite bath. Two car garage, nice yard, and large deck across the entire length of the house to watch the wildlife. Offered at $324,900.
Emily Campbell, Listing Agent, 603-526-4116
If you're looking for serene tranquility with gorgeous westerly views, this is the home for you! This Davis Frame home offers 3 bedrooms, 2 1/2 baths, open kitchen, dining and living areas and heated 3 bay garage with storage above. Welcoming screen porch, large deck and family room in walk-out lower level. All on 5.2 acres. You won't be disappointed! Offered at $479,000.
Emily Campbell, Listing Agent, 603-526-4116
Come enjoy this recently updated 3 bedroom 3 bath condominium overlooking the first green at Lake Sunapee Country Club. Golf, tennis and pool membership is available separately. The on-site restaurant is open to the public and is within walking distance. Three season, enclosed porch to enjoy the views. Five minutes to town and shopping. Offered at $329,900 with monthly association dues of $777.
Joan Wallen, Listing Agent, 603-526-4116
Meander up the paved driveway, lined with lilies, roses, ferns and hollyhocks. Pass the 28' x 38' studio that has many possible uses - space to create and sell, tradesman's workshop, yoga or music studio. Enter the lovingly maintained, soaring and light-filled great room, recently renovated with many significant upgrades. New maple floors and tiled entry downstairs and new carpet upstairs, new stainless steel appliances and double sink in kitchen with new countertops, complete interior painted throughout, new garage doors and openers. Lots of natural woodwork and windows, exposed beams, charming original bathrooms. Professionally cleaned right down to the polished windows. Attached two car garage with storage above and solar panels for net metering electricity. Unfinished basement provides even more space. Conveniently located midway between Hanover and Concord - minutes to New London, easy access off of Route 4A. This home has many possibilities for use and is ready to move right in! Offered at $359,000. Virtual Tour: https://my.matterport.com/show/?m=QKoKkS1HN6E
Anne Marie Appel, Listing Agent, 603-526-4116
The real estate market is still going strong and it continues to be a seller's market; mainly due to the lack of inventory. The NH Association of Realtors (NHAR) most recent data for the first 6 months shows the median sales price is now at $295,750, which is up 5.6% from the same time period in 2018. The volume of sales is down 3% from last year; again most likely because there are fewer homes to sell. On a more local level, there have been 88 home sales in New London, Newbury, and Sunapee combined in the first 6 months as compared to 69 sales last year. Currently the median selling price is $348,750 while in 2018 it was $350,000. Homes are selling quicker this year with an average of 90 days on market versus 141 days in 2018. While the last 2 years have seen 6+% appreciation, the projected home price gains according to some of the industry's most reliable sources range from 2.8% (NHAR) to 4.6% (Fannie Mae). Every source expects prices to continue to grow which is good news for the market. The stepest increase is through 2019 and should moderate going forward. Contact me if you want to know how the market impacts you! Donna@DonnaForest.com, 603-526-4116, www.DonnaForest.com
Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/18 - 7/1/18 & 1/1/19-7/1/19
You can build your dream home on this beautiful view lot and enjoy the NH way of life! Not only a beautiful view, but a perfect location. Enjoy a walk to Newbury Harbor for a dinner at Bubba's, a swim in Lake Sunapee or just a yummy ice cream! Also a short walk to the town park at Fisher's Field and minutes to skiing at Mt. Sunapee. Land is surveyed, house site is cleared and prepped, driveway is in, current state-approved 3 bedroom septic design available, 2 rock retaining walls have been built, and it is located on a paved town-maintained road. It doesn't get much easier than this! 5.68 acres offered at $96,000.
Donna Forest, Listing Broker, 603-526-4116
This in-town (but off Main Street), spacious traditional colonial is loaded with appealiing features. The first floor offers both living and dining space, plus an office/den and guest bedroom. There are 4 bedrooms total, an office and separate family room. The kitchen has room for both cook and guests, and opens to the adjacent dining room. Double French doors open directly onoto the deck, fenced backyard and patio/grilling area. The large family room over the garage, provides lots of space for family living on the opposite end of the house, allowing for more quiet in the bedrooms. There is room for everyone to play. The location can't be beat if you would like to be able to walk to school, New London Outing Club Park, and many of the in-town attractions. Offered at $385,000. Listing Agent is related to seller.
Marilyn Kidder, Listing Broker, 605-526-4116