Reverse Mortgage 

Imagine, a senior living in a new home with no monthly payments.  If you are 62 years young or more, you may be eligible for a reverse mortgage.

Seniors Purchase Homes No Monthly Payments

Seniors can purchase a first home, a new home, or a second home with a reverse mortgage.  Seniors can get into a new home without ever making a monthly payment.

Seniors Homes Can Provide Security

Seniors primary care giver is the equity in the home they own or the one they will own.  Seniors can get money for living expenses or down payments on new homes with the equity in their current home.  If they have a sizable down payment, they can get into a new home and have no monthly payments.

For more information, visit FHA Reverse Mortgages 

About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

  This Weeks Sales In Dover NH Homes

1/21/2012 Dover NH Homes:  10 homes sold this week for a total volume of  $2,242,074 of inventory sold.  23 homes have successful offers and 2 sales are pending closing.  4 homes have come back to the market and 8 new listings have been posted.

Asking $129,000 Sold Full Price

View a short video of => Dover’s Top Ten Sales 2011

Condo Asking $173,900 Sold $162,900

Asking $161,300 Sold $152,000

Click here for => Dover NH Demographics 

Asking $194,900 Sold $103,000

Asking $215,000 Sold $200,000

Click here for  => Dover NH Lifestyle 

Asking $235,000 Sold $224,000

Asking $259,900 Sold $264,574

Asking $269,900 Sold $251,600

Asking $319,900 Sold $310,000

Asking $365,000 Sold $355,000

Dover NH Homes Sold Report January 2012

I have put together this study of single family home sales for the last four years to help us determine the outlook for Dover NH homes sales in 2012.

Click here to see all => Current Dover NH Homes and Condos For Sale

At the beginning of the “Great Recession” in 2008, Dover NH home sales suffered yet ever since then, the number of homes sold has increased.  This is mostly due to real estate values taking a hit and we’ll see below how much of a hit it has been.  The number of homes sold is up 7.5% over last year and up 18% from the depths of 2008.

Click for => VIDEO TOUR 

Average Days On Market

The average time a home for sale in Dover NH spends on the market was at it’s lowest in 2010 due mostly to the now expired Federal Home Buyer Tax Credit.  The Tax Credit was scheduled to expire at the end of 2009 but was extended to April 30, 2010.  The procrastinators decided it was time to jump into the market and I believe this is what skewed the average days on market for 2010.  At the current average of 106 days, this market has come very close to “normalizing”.

Average Sales Price vs Median Sales Price

Median Sales Price is said to be a better indicator of real estate value trends than Average Sales Price.  Average Sales Price can be artificially skewed by a single transaction with an extremely low or extremely high sales price.  In 2011, the transaction with the lowest sale price was $38,900 and the highest was $6,900,000.

Median Sales Price was at $267,000 in 2008 with 194 sales.  In 2011, Median Sales Price was $226,300 with 229 sales.  Average sales price is down 11% from the high of $293,754 in 2008 to $262,033 in 2011.  Median Sales Price is down 15% from 2008′s high of $267,500 to 2011′s low of $226,300.

Dover NH Homes Market Trend

If we look at the overall volume of single family Dover NH homes sold, we can see volume jumped up 5.3%  in 2011 over 2008′s level and up 5.6% from 2010.  This makes perfect sense knowing what we do about Average Sales Price and Median Sales Price over the last four years.  The lower prices are the more homes will sell.

Dover NH Homes Market Prediction For 2012

It is my belief that home sales will continue to grow.  I am predicting at least 4-5% growth again for 2012 as long as these two factors occur:  Interest rates stay low and move up buyers make room for first time home buyers.  Existing home owners who are looking to upgrade or up-size their homes are starting to realize that even though home values have come down significantly, they will save a greater amount on their new home purchase than they may otherwise give up on the sale of their existing home.

Click here for => Dover NH Buyer Agent 

The Downside of This Report

Interest rates will be the “IF” factor.  In a study of the effects of interest rates on purchase power, we hold a certain monthly payment steady and use a mortgage calculator to determine how much purchase power is effected by a rise in interest rates.  Holding payment steady, a 1/4 of 1% rise in the interest rate can mean as much as $8,800 less purchase power.

Are You In The Market or Want To Be?

If you would like to move up to a newer or larger home, or if you would like to own your own home, get to a lender now.  Make sure you know how much you can afford for a mortgage and start looking before interest rates and prices start to go back up.  We know they will.  We just can’t say when so why wait?  Click here for => NH Home Finance Options

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on “service”.  Marty works as a Buyer’s Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer’s agent, Marty’s extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller’s agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client’s properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

  This Weeks Sales In Dover NH Homes

1/14/2012 Dover NH Homes:  A slow week for sales delivers two condos for a total of $238,000 in inventory reduction.  23 homes have successful offers and 8 sales are pending closing.  View a short video of => 11 Dover NH New Listings This Week

Condo Sold $118,000

Click here for => Dover NH Demographics 

Condo Sold $120,000

Click here for  => Dover NH Lifestyle 

Dover NH Homes Sold Report January 2012

I have put together this study of single family home sales for the last four years to help us determine the outlook for Dover NH homes sales in 2012.

Click here to see all => Current Dover NH Homes and Condos For Sale

At the beginning of the "Great Recession" in 2008, Dover NH home sales suffered yet ever since then, the number of homes sold has increased.  This is mostly due to real estate values taking a hit and we'll see below how much of a hit it has been.  The number of homes sold is up 7.5% over last year and up 18% from the depths of 2008.

Click for => VIDEO TOUR 

Average Days On Market

The average time a home for sale in Dover NH spends on the market was at it's lowest in 2010 due mostly to the now expired Federal Home Buyer Tax Credit.  The Tax Credit was scheduled to expire at the end of 2009 but was extended to April 30, 2010.  The procrastinators decided it was time to jump into the market and I believe this is what skewed the average days on market for 2010.  At the current average of 106 days, this market has come very close to "normalizing".

Average Sales Price vs Median Sales Price

Median Sales Price is said to be a better indicator of real estate value trends than Average Sales Price.  Average Sales Price can be artificially skewed by a single transaction with an extremely low or extremely high sales price.  In 2011, the transaction with the lowest sale price was $38,900 and the highest was $6,900,000.

Median Sales Price was at $267,000 in 2008 with 194 sales.  In 2011, Median Sales Price was $226,300 with 229 sales.  Average sales price is down 11% from the high of $293,754 in 2008 to $262,033 in 2011.  Median Sales Price is down 15% from 2008's high of $267,500 to 2011's low of $226,300.

Dover NH Homes Market Trend

If we look at the overall volume of single family Dover NH homes sold, we can see volume jumped up 5.3%  in 2011 over 2008's level and up 5.6% from 2010.  This makes perfect sense knowing what we do about Average Sales Price and Median Sales Price over the last four years.  The lower prices are the more homes will sell.

Dover NH Homes Market Prediction For 2012

It is my belief that home sales will continue to grow.  I am predicting at least 4-5% growth again for 2012 as long as these two factors occur:  Interest rates stay low and move up buyers make room for first time home buyers.  Existing home owners who are looking to upgrade or up-size their homes are starting to realize that even though home values have come down significantly, they will save a greater amount on their new home purchase than they may otherwise give up on the sale of their existing home.

Click here for => Dover NH Buyer Agent 

The Downside of This Report

Interest rates will be the "IF" factor.  In a study of the effects of interest rates on purchase power, we hold a certain monthly payment steady and use a mortgage calculator to determine how much purchase power is effected by a rise in interest rates.  Holding payment steady, a 1/4 of 1% rise in the interest rate can mean as much as $8,800 less purchase power.

Are You In The Market or Want To Be?

If you would like to move up to a newer or larger home, or if you would like to own your own home, get to a lender now.  Make sure you know how much you can afford for a mortgage and start looking before interest rates and prices start to go back up.  We know they will.  We just can't say when so why wait?  Click here for =>NH Home Finance Options

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on “service”.  Marty works as a Buyer’s Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer’s agent, Marty’s extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller’s agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client’s properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

Dover NH Homes Sold This Week 1/7/2012

  This Weeks Sales In Dover NH Homes

1/7/2012 Dover NH Homes:  Three homes were delivered this week with total sales of $796,000.  19 homes have successful offers and three are pending closing.  View the six new listings that came to market this week => Dover NH New Listings

Click for => VIDEO TOUR 

Sold $191,000

Here is a look at the 190+ active listings for homes and condos in Dover => Current Dover Listings  

Sold $408,000

Click here for => Dover NH Demographics 

Condo Sold $197,000

Click here for  => Dover NH Lifestyle 

Dover NH Homes Sold Report January 2012

I have put together this study of single family home sales for the last four years to help us determine the outlook for Dover NH homes sales in 2012.

At the beginning of the “Great Recession” in 2008, Dover NH home sales suffered yet ever since then, the number of homes sold has gone up.  This is mostly due to real estate values taking a hit and we’ll see below how much of a hit it has been.  The number of homes sold is up 7.5% over last year and up 18% from the depths of 2008.

Average Days On Market

The average time a home for sale in Dover NH spends on the market was at it’s lowest in 2010 due mostly to the now expired Federal Home Buyer Tax Credit.  The Tax Credit was scheduled to expire at the end of 2009 but was extended to April 30, 2010.  The procrastinators decided it was time to jump into the market and I believe this is what skewed the average days on market for 2010.  At the current average of 106 days, this market has come very close to “normalizing”.

Average Sales Price vs Median Sales Price

  

Median Sales Price is said to be a better indicator of real estate value trends than Average Sales Price.  Average Sales Price can be artificially skewed by a single transaction with an extremely low or extremely high sales price.  In 2011, the transaction with the lowest sale price was $38,900 and the highest was $6,900,000.

Median Sales Price was at $267,000 in 2008 with 194 sales.  In 2011, Median Sales Price was $226,300 with 229 sales.  Average sales price is down 11% from the high of $293,754 in 2008 to $262,033 in 2011.  Median Sales Price is down 15% from 2008′s high of $267,500 to 2011′s low of $226,300.

Dover NH Homes Market Trend

If we look at the overall volume of single family Dover NH homes sold, we can see volume jumped up 5.3%  in 2011 over 2008′s level and up 5.6% from 2010.  This makes perfect sense knowing what we do about Average Sales Price and Median Sales Price over the last four years.  The lower prices are the more homes will sell.

Dover NH Homes Market Prediction For 2012

It is my belief that home sales will continue to grow.  I am predicting at least 4-5% growth again for 2012 as long as these two factors occur:  Interest rates stay low and move up buyers make room for first time home buyers.  Existing home owners who are looking to upgrade or up-size their homes are starting to realize that even though home values have come down significantly, they will save a greater amount on their new home purchase than they may otherwise give up on the sale of their existing home.

Click here for => Dover NH Buyer Agent 

The Downside of This Report

Interest rates will be the “IF” factor.  In a study of the effects of interest rates on purchase power, we hold a certain monthly payment steady and use a mortgage calculator to determine how much purchase power is effected by a rise in interest rates.  Holding payment steady, a 1/4 of 1% rise in the interest rate can mean as much as $8,800 less purchase power.

Are You In The Market or Want To Be?

If you would like to move up to a newer or larger home, or if you would like to own your own home, get to a lender now.  Make sure you know how much you can afford for a mortgage and start looking before interest rates and prices start to go back up.  We know they will.  We just can’t say when so why wait?  Click here for => NH Home Finance Options

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on “service”.  Marty works as a Buyer’s Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer’s agent, Marty’s extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller’s agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client’s properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

  This Weeks Sales In Dover NH Homes

12/31/2011 Dover NH Homes:  Four homes were delivered this week with total sales of $1,065,800.  22 homes are under agreement and one is pending for closing.  Five new listings came to market.

Click for => VIDEO TOUR

Condo $139,900 

Here is a look at the 200+ active listings for homes and condos in Dover => Current Dover Listings 

 

$100,00

Click here for => Dover NH Demographics

$295,900

Click here for  => Dover NH Lifestyle 

Waterfront To Be Built $530,000

Click here for => Dover NH Buyer Agent 

Dover NH Homes Sold Report January 2012

I have put together this study of single family home sales for the last four years to help us determine the outlook for Dover NH homes sales in 2012.

At the beginning of the "Great Recession" in 2008, Dover NH home sales suffered yet ever since then, the number of homes sold has increased.  This is mostly due to real estate values taking a hit and we'll see below how much of a hit it has been.  The number of homes sold is up 7.5% over last year and up 18% from the depths of 2008.

Average Days On Market

The average time a home for sale in Dover NH spends on the market was at it's lowest in 2010 due mostly to the now expired Federal Home Buyer Tax Credit.  The Tax Credit was scheduled to expire at the end of 2009 but was extended to April 30, 2010.  The procrastinators decided it was time to jump into the market and I believe this is what skewed the average days on market for 2010.  At the current average of 106 days, this market has come very close to "normalizing".

Average Sales Price vs Median Sales Price

Median Sales Price is said to be a better indicator of real estate value trends than Average Sales Price.  Average Sales Price can be artificially skewed by a single transaction with an extremely low or extremely high sales price.  In 2011, the transaction with the lowest sale price was $38,900 and the highest was $6,900,000.

Median Sales Price was at $267,000 in 2008 with 194 sales.  In 2011, Median Sales Price was $226,300 with 229 sales.  Average sales price is down 11% from the high of $293,754 in 2008 to $262,033 in 2011.  Median Sales Price is down 15% from 2008's high of $267,500 to 2011's low of $226,300.

Dover NH Homes Market Trend

If we look at the overall volume of single family Dover NH homes sold, we can see volume jumped up 5.3%  in 2011 over 2008's level and up 5.6% from 2010.  This makes perfect sense knowing what we do about Average Sales Price and Median Sales Price over the last four years.  The lower prices are the more homes will sell.

Dover NH Homes Market Prediction For 2012

It is my belief that home sales will continue to grow.  I am predicting at least 4-5% growth again for 2012 as long as these two factors occur:  Interest rates stay low and move up buyers make room for first time home buyers.  Existing home owners who are looking to upgrade or up-size their homes are starting to realize that even though home values have come down significantly, they will save a greater amount on their new home purchase than they may otherwise give up on the sale of their existing home.

The Downside of This Report

Interest rates will be the "IF" factor.  In a study of the effects of interest rates on purchase power, we hold a certain monthly payment steady and use a mortgage calculator to determine how much purchase power is effected by a rise in interest rates.  Holding payment steady, a 1/4 of 1% rise in the interest rate can mean as much as $8,800 less purchase power.

Are You In The Market or Want To Be?

If you would like to move up to a newer or larger home, or if you would like to own your own home, get to a lender now.  Make sure you know how much you can afford for a mortgage and start looking before interest rates and prices start to go back up.  We know they will.  We just can't say when so why wait?  Click here for => NH Home Finance Options

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on “service”.  Marty works as a Buyer’s Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer’s agent, Marty’s extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller’s agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client’s properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

Dover NH Homes Sold This Week Ending 12/24/2011

$923,000 in Dover NH homes sold this week.  5 properties were delivered and 23 agreements were made.  Next week, I'll post the year end report for Dover NH Homes and my predictions for 2012.

This Weeks Sales:

$68,000

Here is a look at the 200+ active listings for homes and condos in Dover => Current Dover Listings

$150,000

Click here for => Dover NH Demographics

$221,000

Click here for  => Dover NH Lifestyle

$289,000

 

Condo $195,000

Click here for => Video Tour

Dover NH Homes Market Activity

We're looking at Dover NH homes sold data from Jan 1 to Nov 30 over the last four years to determine h0 the Dover NH Real Estate Market is doing.  Since 2008, the least number of homes sold was last year at 252 and the most homes sold is this year is 280 up 11% over last year.  Average Days On Market was the highest in 2008, at 122 days and this year homes are selling on average three weeks sooner.

 Dover NH Average Sales Price v. Median Sales Price

It is said median sales price is a better indicator of price trends than average sales price.  Average sales price can be significantly skewed by a single transaction with an extreme high or low sales price.   The lowest priced home sold in Dover NH was

Where Are Dover NH Homes Prices Headed?

Average sales price and median sales price were at their peak in 2008 at $255,140 and $234,900 respectively.  They are both at their lowest this year at $234,723 and $208,500 respectively.  That's an 8% drop for average price and an 11% drop for median price.  Let's average those figures and say that prices are down 9.5% overall.

What Does This Mean To Dover NH Homes?

Interest rates are low, inventory is high, and Dover NH Homes prices are low.  This explains why more homes have sold this year and why they are selling faster.  It is obvious there has never been a better time for First Time Buyers to get into Dover NH homes and start building equity for themselves instead of renting.  Move up buyers are in a better position to sell their homes to First Time Home Buyers.  Existing home owners wishing to up size or up grade to a new home will have to be willing to sell for a little less than they would hope for.  If home prices are down 11% overall, those move up buyers will save more money on the up graded home than they will be giving up on the sale of their home to the first timers.

The Down Side Of Interest rates?

Interest rates are at all time lows and if the interest rate bumps up only 1/4 of 1 percent, purchase power goes down by about $8,000.  If you are a First Time Buyer, you should be looking to buy a home now!  If you would like to move up to a bigger or better home, nowis the time for that too.

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

Concord NH Homes Are More Affordable Today

Concord NH Homes Market Activity Report November 2011

Concord NH homes are more affordable today and here is the proof.  We are looking at Concord NH homes and condos sold between January 1 and October 31 for the last four years.  292 Concord NH homes and condos were sold in 2008 at the beginning of The Great Recession and fell off 18% to a low of 240 homes sold through 2010 even though the now expired Federal Home Buyer Tax Credit was in effect.   This is interesting to note because the Tax Credit is gone and the number of homes sold this year is up almost 16% from last year.

Why Have More Concord NH Homes Sold This Year?

Whereas the average sales price has tumbled 18% from 2008 to 2011, it is easy to see why.  Median sales price is said to be a better indicator of where the market is headed because the median price is the price where 50% of the sales are above this price and 50% are below so median sales price is not skewed by one large sale or one small sale.  Median sales price has dipped 19% over the same time period again telling us why more homes have sold this year.  Looking at the average days on market, we can see that those homes were sold about two weeks sooner too.

Now I've Let The Cat Out Of The Bag!

The more people that see this report, the more people will know that there are some great deals out there.  Here is the real reason more Concord NH homes and condos have sold.  Interest rates are at their lowest levels in decades and with a 1/4 of 1 percent rise in the interest rate, purchase power goes down about $8,000.  First time buyers are the driving factor of this market and move up buyers are getting it too.  Move up buyers are little more conservative but realize that what they are giving up in terms of selling their homes at a discount to first time buyers they can more than make up for in the upgraded or larger home.   If the market is down 18-19%, what they give up in their sale can be far less than what they can save on a deal today.

Here's The Down Side Of This Report

Concord NH homes are more affordable today but as the demand climbs, so will home prices.  Here is a look at the 220+ available Concord NH homes and condos for sale today. => Concord NH Homes and Condos For Sale  If you are tired of lining your landlord's pockets and would like to start building equity for yourself, you should hook up with a reputable realtor,  get pre-approved for a mortgage, and start shopping for your piece of America.   If you have been thinking you need more room for your family than your current home allows, you should be selling and looking for your next home.  There has never been a better time to shop for real estate.

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

  HUD Homes Are Government Owned

HUD homes for sale.  If you are looking for a grand home in a quiet executive cul-de-sac neighborhood bordering conservation land and commutable to the Boston area, you can relax because you have found it.  This 2,500 sqft. three bedroom three bath grand colonial with beautiful bay windows, cathedral ceilings, fireplace, sun deck and double garage under on 1.38 acres is government owned.  The daylight lower level and the walk up attic could be finished for more living space.

How To Buy HUD Homes

HUD will give 3% back to you towards your closing costs.  Bids are submitted electronically and a decision is posted the next day.  For more information or to schedule a showing, call Marty Patrizi 603-781-4099 any time.  Equal Housing Opportunity.

Video Tour => 11 Nordic Wood Lane Newton NH

Click here for => Newton NH Demographics

Click here for => Newton NH Lifestyle

Click here for all => Newton NH Homes For Sale

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

Dover NH Homes Sold This Week Ending 12/17/2011

$1,984,500 in Dover NH homes sold this week.  9 properties were delivered, 22 agreements were made, and 2 sales are pending closing.

This Weeks Sales:

$154,900

Here is a look at the 200+ active listings for homes and condos in Dover => Current Dover Listings

$180,000

Click here for => Dover NH Demographics

$193,500

Click here for  => Dover NH Lifestyle

$217,500

$294,900

Waterfront $570,000

Condo $117,700

Condo $126,000

Condo $130,000

Dover NH Homes Market Activity

We're looking at Dover NH homes sold data from Jan 1 to Nov 30 over the last four years to determine h0 the Dover NH Real Estate Market is doing.  Since 2008, the least number of homes sold was last year at 252 and the most homes sold is this year is 280 up 11% over last year.  Average Days On Market was the highest in 2008, at 122 days and this year homes are selling on average three weeks sooner.

 Dover NH Average Sales Price v. Median Sales Price

It is said median sales price is a better indicator of price trends than average sales price.  Average sales price can be significantly skewed by a single transaction with an extreme high or low sales price.   The lowest priced home sold in Dover NH was

Where Are Dover NH Homes Prices Headed?

Average sales price and median sales price were at their peak in 2008 at $255,140 and $234,900 respectively.  They are both at their lowest this year at $234,723 and $208,500 respectively.  That's an 8% drop for average price and an 11% drop for median price.  Let's average those figures and say that prices are down 9.5% overall.

What Does This Mean To Dover NH Homes?

Interest rates are low, inventory is high, and Dover NH Homes prices are low.  This explains why more homes have sold this year and why they are selling faster.  It is obvious there has never been a better time for First Time Buyers to get into Dover NH homes and start building equity for themselves instead of renting.  Move up buyers are in a better position to sell their homes to First Time Home Buyers.  Existing home owners wishing to up size or up grade to a new home will have to be willing to sell for a little less than they would hope for.  If home prices are down 11% overall, those move up buyers will save more money on the up graded home than they will be giving up on the sale of their home to the first timers.

The Down Side Of Interest rates?

Interest rates are at all time lows and if the interest rate bumps up only 1/4 of 1 percent, purchase power goes down by about $8,000.  If you are a First Time Buyer, you should be looking to buy a home now!  If you would like to move up to a bigger or better home, now is the time for that too.

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

Portsmouth NH Homes Open Houses This Weekend December 17-18, 2011

Click here for => Portsmouth Open Houses

1801 Lafayette Rd.  $219,900  Saturday 11:30-1:30

Hosted by John Rice  Tate&Foss Sotheby's International Rlty

198 Islington St. Units 1-3 Starting at $249,900 Saturday 2:00-4:00

Hosted by Erin Proulx  Keller Williams Coastal Realty

Would You Prefer A Private Tour Instead?

If you would like more information or to schedule a private tour, call me any time 603-781-4099.

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.