Nashua Detached Condo with 2-Car Garage For Sale


1$175,000 for this 3-bedroom detached condo. Backs up to common area, large rooms, even a 2-car garage! Condo fees include exterior maintenance, siding, roof, even plowing the driveway!  Great property for investor.  This is a short-sale, being sold as-is.

Click for Craigslist Flyer with more Pictures

Additional Posts:
Top 5 Things to Consider when Doing a Rehab Loan
The Short Sale Chronicles with Jenn


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Market Update in NH – Real Estate

Time for another market update.  What’s going on?  I decided to expand my data to include all of Hillsborough county, NH.  Some of the towns in Hillsborough are: Amherst, Bedford, Hollis, Hudson, Litchfield, Manchester, Merrimack, Milford, Nashua, and Pelham.

Hillsborough County 2 year Real Estate Trends

Hillsborough County 2 year Real Estate Trends

May and June are the busiest months in New Hampshire.  This chart shows 3 years of June activity.  What’s real interesting is this year and 2010** are similar in sales, but pending listings have jumped up this year!  That means in the next 2 months you are going to see a large increase in closed sales over the last 2 years.

This is great news for the real estate market!  The market has stabilized, many towns in this area are experiencing multiple offer situations, marketing times have decreased, and interest rates are crazy low!

Percentage Change in Real Estate

Percentage Change in Real Estate – click to enlarge

**Let’s not forget, 2010 was the year of the tax credit for new buyers which artificially inflated the activity that year.

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Hudson NH Real Estate Trends

The Old Bensons Animal Park - Hudson, NH


What’s going on in Hudson?  The spring market hit well over a month ago (the spring real estate market starts in February or March) and looking at the graph below you can see the increase in listings going under contract.

Hudson New Hampshire Market Trends

Once a property goes under contract it will typically close in 60 days, so the increase in contracts will make the next couple months show a large increase in sales.  Just look at January and Febuary of last year.

The active listings show 4 months of inventory….a stable market typically has 3-6 months active inventory.

Looking pretty good!

-Just my thoughts…Jenn

Top New Hampshire Homes

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Finding Properties That Can Use Government Assistance Programs

There’s a wonderful new web tool called “Down Payment Resource” that is integrated into New Hampshire’s MLS system.  It helps determine if a buyer is eligible, and if a property is eligible, to use government-funded programs for down payDownPaymentResourceNashuament assistance, affordable fixed-rate mortgages, mortgage credit certificates, and rehab loans.

This tool was voted most Innovative New Techonology in 2011 by Inman News.  Click on the image and it will direct you to the site.

“Opening New Doors to Home Ownership”

Just my thoughts!


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Real Estate Prices to Fall in 2011?

Just read this Inman News article by Steve Bergsman It had a great analysis of the housing market. We all want a recovery of the housing market, it is a key indicator to a healthy economy. But are we being too optimistic?

Reliable trend analysis can only be established with a large data set over a longer period of time: 1-3 years. I leave the “forecasting” to the economic experts…it is basically an educated guess. I am in the trenches and can come up with my own hypothesis on continued trends, but it is more specific to my areas of expertise…southern NH. Things have been fairly stable, entry level properties in good condition sell quick, investors are busy buying and flipping, the mortgage market is loosening up, and consumer optimism is increasing.

There are so many excellent points in this article, but every area is different. We are in the slowest time of year for southern New Hampshire real estate: winter. In areas with severe winter conditions the fluctuations between seasons can be large. Therefore short trend analysis is unreliable and possibly misleading and may or may not reliably indicate the future market trends. The coming spring market is just around the corner and without the artificial boost from last years tax credit we will get a more accurate picture of the real estate health.

So I am waiting until spring to give-up on my real estate recovery. Call me an educated optimist…

-Just my thoughts.

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