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
If you’re lucky enough to have reached the time in your life when you can seriously contemplate buying a vacation home, there’s much to be excited about. According to the National Association of Realtors, one in eight homeowners are thinking of buying a second home. While summer may be the time of year you start to think longingly about sun, sea and sand, it may not be the best time to buy a cottage.
Here are some things to consider when you’re buying a vacationhome.
Peak of season is seldom a good idea
Avoiding peak seasons makes sense in supply and demand terms. Peak season, whether you have your eye on a Vail ski chalet or a Cape Cod sea shanty, is when the area in which you’re looking is at its finest. Since vacation homes can be sentimental investments, many who’ve inherited them rent them out as additional sources of income so they can hang onto a property. They may be sharing it with siblings or have had to buy them out. They also may be part-time vacation home investment owners who got in early on a new resort but need to ensure 100 percent occupancy during peak season to make their investment pay off.
Aim for the final weeks of the high season to make your offer or hold off until just after peak season ends. If you’re looking for a summer vacation home, the time between Labor Day and Thanksgiving is the perfect window of opportunity.You’ll still take possession early enough in the year to be able to get a glimpse of what future summers can hold, and you’ll also have a chance to do any needed repairs before winter sets in. Then you can spend the winter planning what you need to do to make the place your own the following summer.
If you’re looking at a winter vacation home, spring is the best time to make an offer. While diehards may still be renting or occupying their vacation homes, hoping to get one or two more days of spring skiing or boarding in, most will have placed their properties on the market. Just be careful not to leave your offer for too late in the year if the area you’re interested in is remote. Some owners board up their properties for the off season, making it harder to get viewings. Also, don’t forget the power of spring mud. Properties accessible through three seasons may become harder to access during spring thawing and flooding.
Be sure the time is right
Before buying a vacation home, you need to think long and hard about a whole host of considerations. First and foremost is whether you will be able to use it enough to make it worthwhile for you financially. Even if you buy a vacation home and plan to rent it out to defray expenses, that means your time there will be limited. While you may love a cottage on a lake in fall, not everyone else does. If you can’t afford to spend the 4th of July at your own cottage, this may not be the time to buy.
Second, have you considered all the duplicate expenses involved? Whether you want your vacation home to mirror your principal residence in all ways, you can’t escape the fact that you’re going to need two of everything now. Unless, that is, you want to treat every weekend you spend at your vacation home like a camping trip (which may well be the case). You’re not going to want to haul lawn mowers and leaf blowers to the cottage every summer weekend. That goes double for appliances, linens and furniture. You’ll also have a second set of bills for property taxes, insurance, yard maintenance, internet and cleaning costs. In addition, there may be HOA fees, too.
Third, what are your vacation goals? If you want to visit every continent and are running out of time to tackle Asia and Africa, does a vacation property make sense? If you find you’re drawn to experiential vacations like hiking the Appalachian Trail, swimming with the dolphins or building someone else a home with Habitat for Humanity, a vacation home may be an anchor you don’t need.
On the other hand, if you know you can afford to invest in a second property and have a long-term plan to use it as a home base while you globe trot in retirement, or if you want your family to have the freedom of the great outdoors while they’re growing up, it might just be time to seize the day.
A very cute, comfortable and cozy cabin with open porch and nice views. Open patio for grilling or relaxing. Two bedrooms, plus additional sleeping area in the finished attic, living/dining room with stone fireplace. Restaurants and shopping nearby (including a super deli right at the bottom of the hill). A great getaway near Lake Sunapee, hiking and snowmobile trails, and Mt. Sunapee for year-round recreational opportunities. A wonderful place to build family memories! Septic is unknown. Boiler likely needs to be replaced. Sellers are offering property in its current condition. While it will need some improvements, it's a great comfy cabin in a neat location! Offered at $170,000.
Marilyn Kidder, Listing Broker, 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
If you appreciate the craftsmanship of the 1920's you will love this New Englander in Newport, NH! Gorgeous original details throughout - five panel doors, built-in hutch, open columns between the living and dining room, fabulous pantry, grand staircase to the second floor, pine floors - some refinished, some under carpet. Open layout on the first floor. Second floor has four bedrooms connected by a long center hallway and a full bath. Two enclosed porches to savor the summer breezes. Plenty of space for gardens and not a lot of lawn to mow. Walk to Main Street. They don't make 'em like this anymore! Offered at $122,000.
Anne Marie Appel, Listing Agent, 603-526-4116
Designed with distinction, this captivating and coveted Timberpeg home offers high quality luxury. Openness and clean lines enhance the outstanding lake and mountain views, abundant natural light with unobstructed windows, and a flowing open floor plan with 3 levels of generous and comfortable living. Custom built and adorned with craftsman inspired touches throughout - pegged post and beams artfully framing soaring ceilings, the hand-built granite stone fireplace, gleaming red birch floors, a tailormade mudroom specifically designed for optimum ski gear storage, and a spacious chef's kitchen with granite countertops and stinless steel appliances. It's a perfect home for maximum living and entertaining with ample room for hosting many guests. Browns Hill amenities include an in-ground pool, tennis courts, and beach front on Lake Sunapee with a fun boathouse/clubhouse on the lake. Private, peaceful, and perfect - anything else is a compromise! Offering Price: $1,350,000. Virtual Tour https://my.matterport.com/show/?m=JnPiSmiDKQd
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
While 2018 seemed a bit frenzied with the activity levels this summer, it’s always good to see how the year actually ended up for perspective on the housing market. Below are some key data points comparing 2018 to 2017 for the towns of Newbury, New London & Sunapee combined.
- 183 homes sold in 2018 vs. 203 homes in 2017.
- The average days on market dropped to 106 days vs. 129 days.
- Sellers received on average 94% of their asking price (96% in 2017).
- The median selling price was $345,000 for both years.
While the state has not yet come out with their year-end report, below is their data through November
- Homes sales were down 0.8% compared to 2017
- The average days on market were the same at 61 days
- Sellers received 98% of their asking price; similar to 2017
- Prices were up 7.4% with a median selling price of $284,500 ($265,000 in 2017)
A good US economy, low unemployment rate, and low inventory of homes for sale basically sums up what we saw in 2018. Thinking of buying or selling? Contact me to work with someone who gets results and can explain how the market will impact you! 603-526-4116; www.DonnaForest.com; Donna@DonnaForest.com
Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/17 - 12/31/17 & 1/1/18 – 12/31/18
Our local housing market mirrors what is going on in NH and the U.S. The shortage of inventory has led to higher prices and fewer sales. In the combined towns of Newbury, New London, & Sunapee, from 1/1/18 to 10/1/18, a total of 135 homes sold, the average days on market was 114 days, with a median selling price of $350,000. The same time frame in 2017 saw 159 homes sold, the average days on market was 126 days, with a median selling price of $344,000.
For the state of NH through August, the median sales price was $284,000, the average days on market was 62 days, and sales prices were up 7.1% from the year before.
According to Lawrence Yun, Chief Economist for the National Assoc. of Realtors, “the most significant challenges facing the housing market stem from insufficient inventory and accompanying unsustainable home price increases.” As a result, Yun anticipates a slight drop in 2018 sales in some markets but feels home price growth will remain strong and increase about 5% nationwide. The forecast for 2019 continues along these lines with a 2% rise in inventory and 3.5% rise in home prices expected.
Bottom line, as long as buyer demand exceeds the housing supply, prices will continue to increase. Whether buying or selling, contact me to see how market conditions impact you. 603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com
Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/17 - 10/1/17 and 1/1/18 - 10/1/18.
Welcome to the original summer home of the Burke Family, for whom Burkehaven is named. Constructed around 1885, take a walk back in time, spend relaxing hours sitting on the incredibly inviting wraparound porch watching the activities in Burkehaven. Take a short walk to your owned 16.5 ft. of water frontage or boat slip on Lake Sunapee. Five bedrooms, den, library, cozy reading alcove, all represent a bygone era of tranquility and relaxation. Come take a look! 16'9" Pen Yan boat included in the sale. For more photos and details,visit http://tour.circlepix.com/home/J6YJKH/6-Burkehaven-Terrace-Sunapee-NH-4698317
Emily Campbell, Listing Agent, 603-526-4116