June Homes Sold – A Study
by Michelle on August 3, 2009
in NH Real Estate Market
Today I am in a numbers mood. So… I thought I would play with stats. As it is the last day of July, this month`s numbers are not quite complete, so I used June.
This following shows the June numbers for the last five years. The important numbers are the median price, the number of sales, and the total sales volume.
The number of sales is down 37% from June 2005 to June 2009, while the sales volume is down 45%. Looking a little closer at those sales numbers…
Sales up to $100,000 – UP 166%
Sales $100K – $200K – DOWN 32%
Sales $200K – $300K – DOWN 60%
Sales $300K – $400K – DOWN 22%
Sales $400,000 and up – DOWN 47%
The incredible jump of homes less than $100,000 is foreclosures. No doubt about it. And the $200,000 – $300,000 homes have taken the brunt of the downturn, which is pretty evident when you look at recent activity. Take real estate sales in Tuftonboro, for example. There are currently 40 properties on the market between $200,000 and $300,000, and only one lonely pending sale. Over the past 12 months, there have been four sales in this price range. Compare those figures with the $300,000 – $400,000 price range, with only 13 active listings, one pending sale, and seven sales in the past year.
The good news? If you are a buyer and are looking in the $200,000 – $300,000 price range, you certainly have the pick of the litter! If you are a seller (like one of my clients), well, competition is tough. BUT, homes are selling. Price it right and make sure your agent is advertising on the internet and is there for all showings. The summer selling season has really just begun!
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