Tag Archives: hudson nh real estate

New Hampshire’s Real Estate Cycle- Up Markets

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TOP TOWNS LAST IN...FIRST OUT

Real Estate in NH Increasing

During the decline of the last real estate cycle I wrote a post about how different towns function in the cycle.  I.E. top towns are the big indicators when the market will start to stabilize after a decline: Top Towns in a Declining Market

Right now we are in a completely different market, but the point remains the same.  Top towns LEAD the UP-cycle, they are a good indicator when prices start to rise. So it’s “First Out” of a declining real estate market.  There are still New Hampshire towns struggling, but most are stable, if not slightly increasing.

Just my thoughts. -Jenn

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Is spring the best time to list your house for sale?

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When does the spring market start?

When does the spring market start?

While spring typically has the most closings, it is not necessarily the best time to LIST your house for sale.  The graph below shows a 1-year history of properties for sale, sold, and new listings on a month to month basis in the Nashua region (Nashua, Hudson, Hollis, and Merrimack).  The red arrow points to the new listings on the month just before the inventory grew. The green arrow is when home closings where highest.

The best time to list a house for sale.

Nashua, Hollis, Hudson, Merrimack Sales History

Nashua, Hollis, Hudson, Merrimack Sales History

A large increase of homes came on the market in March(red arrow), which equates to more competition for a house listing.  The months from May to August you see closings (green arrow).  Since the time for a real estate transaction, from new listing to closing, can typically take 60-120 days (2-4 months) it makes sense the best time to list is the 3 months prior to the peak in closings.

So when is the best time to list a home for sale? The chart says: March through May, with early March being the tops. The market slows down considerably in August, so keep that in mind. This cycle is typical in New Hampshire.

-Just my thoughts. -Jenn

 If you would like a free market analysis of your home please fill out the form below.

The Nashua area real estate market. Merrimack real estate for sale. Hudson home for sale.

 

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Townie Tuesday Pictures in New Hampshire (NH)

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Every Tuesday I post a picture on my Facebook page depicting a New Hampshire scene.  This week goes to Benson Park in Hudson, NH.

 

Post by Jennifer Cote – Top New Hampshire Homes.

 

Just Hanging out at the Park with my little guy.  Benson’s has lots of trails, some are even paved, large pond, there are restored parts of the the original Benson’s Animal Park, 9-11 monument, and many areas have been transformed by local groups into interesting fun vignettes.  A true community effort to save a piece of history.

The Ladybug at the Benson's Playground

The Ladybug at the Benson’s Playground

Read all about Bensons Wild Animal Farm:
   www.nhmagazine.com/October-2011/Bensons-Wild-Animal-Farm-Revisited/
   http://www.bensonsanimalfarm.com/
http://www.hudsonnh.gov/boards/bensons

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Market Update in NH – Real Estate

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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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