We have just the place to grow your business! Bright and inviting corner unit in The Gallery building in New London. Three separate office spaces as well as a waiting area and half bath. Monthly assessment of $347 includes heat, water, sewer, maintenance and plowing. Great location, plenty of parking. Offered at $84,900. Also available for rent at $900/month plus utilities.
Emily Campbell, Listing Agent, 603-526-4116
The housing market has settled into a steady groove with home prices expected to follow more normal rates consistent with a balanced market. Home prices rose 4% nationally in 2015. Kiplinger forecasts prices to rise 3% in 2016 while CoreLogic Home Price Index predicts a 4-5% increase.
What type of buyer will drive the market this year? According to the National Association of REALTORS®, there are 3 main sectors of buyers expected to stimulate the housing sector.
- Millennials, born about 30 yrs. ago, are starting to realize their financial goals and thus become first-time home buyers.
- Older baby boomers nearing retirement age will be seeking to downsize and lower their cost of living.
- Formerly distressed homeowners are expected to actively participate in the housing market as well.
Every market is local and there are certain parts of the country with “hotter” markets than others. Whether buying or selling, contact me if you’d like to know how the local market impacts you. Donna@DonnaForest.com, 603-526-4116, www.DonnaForest.com.
This beautiful home is currently under construction and overlooks a private pond in New London. There's plenty of room for entertaining in the large rooms. First floor master suite plus optional second floor master suite. 4 bedrooms and 4 baths, quality finishes. 8.95 acres with frontage on Messer Pond. A great location, not far from town. Offered at $795,000. Visit http://tour.circlepix.com/home/65CRN5 for more photos and details. Agent interest.
Jane Snow, Listing Agent, 603-526-4116
Teamwork from the Team that works – Coldwell Banker Milestone Real Estate.
Come join the fun with Winter Carnival 2016, January 27th-30th, New London, NH. Click here for the schedule of activities: WinterCarnivalSched_2016
Thanks to all the volunteers, businesses and participants who make this such a success each year.
Known for service, trusted for results – Coldwell Banker Milestone Real Estate.
New Hampshire residential home sales and prices showed increases again in November, according to data released recently by the New Hampshire Association of Realtors (NHAR).
The 1,137 closed sales in the month marked a 10.5 percent increase from November 2014, while the median price of those sales was $233,975, a 3 percent hike from the median price of November 2014. It was the ninth consecutive month in which both the number of residential sales and median price were ahead of the same month prior year.
And sales volume, meaning the total dollars exchanged in those residential transactions, was 16 percent ahead of last November.
“We’ve had a very consistent message for the last couple of years, and that’s been a steadily improving housing market, reflective of a steadily improving economy,” said NHAR President Maxine Goodhue, an 18-year veteran of the real estate industry and a broker associate with Four Seasons Sotheby’s International Realty. “That’s no different this month.”
Year to date, the numbers are similarly on the rise. Through the end of November, 14,493 residential homes have been sold (an 11.3 percent increase from last year) in 2015, at a median price of $240,000 (5.3 percent increase), and a sales volume increase of 16 percent.
And although the total supply of the state’s available residential housing inventory was down by 11 percent at the end of November, compared to 2014, the new listings for the month increased by 9 percent, meaning prospective sellers seem to be optimistic about their market conditions.
Another indicator of inventory levels – months’ supply – dropped to 7.7 months, the lowest November number in more than 10 years. Months’ supply represents the number of months it would take to sell off the current inventory at the average pace of sales for the previous year.
And while the trend indicates momentum toward leverage on the sellers’ side, 7.7 months is considered a balanced market. More than nine months’ supply is traditionally thought of as a buyers’ market, and anything less than that a sellers’ market.
“This is a healthy market for both buyers and sellers,” Goodhue said.
The condominium market is also experiencing increases in 2015, with closed sales up by better than 8 percent in September and nearly 15 percent year to date. The median price on those sales was up by 6 percent in November and 2.4 percent year to date.
Locally, nine of 10 New Hampshire counties saw residential unit sales increases in November 2015 compared to 2014, and all 10 counties are ahead of 2014 year to date. Seven of 10 saw an increased median sales price in November, while year to date all but Merrimack County (down 1.4 percent) have seen a median price increase.
See Market Report November 2015 market data
Source: Press Release, 12/17/15, Dave Cummings, NHAR Director of Communications
As 2015 comes to an end, I started reflecting on the year and what I’ve observed. I thought it might be helpful for buyers and sellers if I shared a few thoughts. In no particular order, here are my words of wisdom!
- Most buyers don’t want a project. They don’t have the inclination to fix up a house. Sellers need to repair/ update their homes in order to sell.
- Sellers should disclose everything; good and bad. Not disclosing will end up costing you.
- Location, location still holds true. Today’s buyers want to be near amenities and closer to town. Rural areas hold less appeal; targeting about 11% of the buyers.
- Antique homes take longer to sell - only about 8% of the buyers are looking for one.
- If you wait to find the “perfect” home to buy, you will never find a home.
- Home prices have risen since 2013. You will end up paying more for a house the longer you wait to buy.
And lastly, it still is a good time to purchase a home. Low pricing, historically low rates, and good inventory combine to make perfect buying conditions. Thinking of buying or selling? Give me a call! Donna Forest 603-526-4116, www.donnaforest.com, donna@donnaforest.com
You’ll be moving in the right direction with Coldwell Banker Milestone Real Estate.
Make your appointment today to view this very unique and special Hilltop Place condominium. Great location, convenient yet private. The backyard abuts approximately 29 acres of the common land surrounding the Great Pines neighborhood and provides an inviting area to woldlife, including turkey, deer, hawk, owls, blue heron, and an occasional beaver. Nearly 1.800 sq. ft. of flowing living space including a gracious living room with fireplace, adjacent large dining area, cozy sitting area and sunroom facing the privacy of the back yard. Master bedroom with private bath plus guest bedroom. Attached garage. $715 monthly condo fee and $3,500 buy-in at closing. Offered at $178,000. For more photos and details, visit www.nhhilltopcondo.com.
Marilyn Kidder, Broker/Owner, Listing Agent
603-526-4116
A new rule from the Consumer Financial Protection Bureau went into effect Oct. 3 requiring lenders to give consumers more time to review their loan documents. Mortgagors must give borrowers the terms of their loan and final charges & fees at least 3 days before the closing (7 days if sent by mail). It is designed to protect you from surprises at the closing table. Sounds pretty simple, right? Well the reality is, it is a massive change in the way lenders do business from new forms to new timetables. The 3 day period is mandatory and this waiting period can start over again if one of 3 changes occur: 1) The annual percentage rate increased more than 1/8th; 2) The loan product changes like switching from a fixed rate to an adjustable; or 3) A pre-payment penalty is added. Other alterations don’t require a new 3-day review like revisions to taxes, utility prorations, etc.
Until lenders have some time under their belt in dealing with these new regulations, buyers & sellers need to be prepared. 60 day closings may be the normal, last minute changes most likely will not be authorized, required paperwork will need to be completed earlier, and buyers & sellers should have a backup plan in the event something triggers a new 3-7 day waiting period and you can’t close as scheduled. Contact me if you are looking to work with a knowledgeable REALTOR® who can help you successfully navigate the buying or selling process! Donna Forest, Broker Associate, 603-526-4116, www.DonnaForest.com, donna@donnaforest.com.
Known for service, trusted for results – Coldwell Banker Milestone Real Estate.
This stately colonial could be it! It's sited on a 2.5 acre beautifully landscaped lot, well back from the road with a country vs in-town feeling. It offers the best of privacy, plus convenience to services, shops, entertainment, restaurants, and activities at Colby Sawyer College. The house is airy and flooded with south and west light. The layout is very well-planned and living areas are very spacious. The rooms lend themselves easily to a variety of uses. It's a wonderful place to entertain family and friends and has a cozy fireplace area for wintry nights. Sit on your back deck and see almost nothing but gardens and trees! A wonderful combination of features. Offered at $440,000. For more information and photos, visit www.VillageColonialNH.com
Marilyn Kidder, Listing Broker, 603-526-4116
Now offered at $100,000 BELOW recent appraised value! If it weren't for its very distinctive fencing, the hint of beautiful landscaping over the fence, and its blue standing seam roof, this charming and inviting 1840 cape might remain unnoticed among its peers on New London's Main Street. However, behind the fence is a warm and welcoming four bedroom, four bath home with three fireplaces, many original doors with iron hardware, traditional moldings, wainscoting, and a variety of mostly wood floors throughout. Wonderful views of Mt. Kearsarge across the back fields and lots of space to enjoy the outdoors, including a Gunite pool. Was $685,000, now $635,000. For more photos and details, visit www.NHAntiqueCape.com
Marilyn Kidder, Listing Broker, 603-526-4116
You’ll be moving in the right direction with Coldwell Banker Milestone Real Estate.