Dover NH Real Estate-Sue Melhorn

Kittery ME Real Estate Market-Year End 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sun, 25 Jan 2009 08:59:43 -0600

Although the real estate market was tough in 2008 as you will see below, 105 homes sold in the Kittery area. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:

• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,

• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,

• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.

Unfortunately...

• Over 20% of people with a mortgage owe more than their home is worth

• 40% of all homes in foreclosure are non-owner occupied (investments)

• There is $975 billion in consumer debt in America

Historic Facts...

• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months

• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)

• The normal recession lasts 7 to 8 months in total

• There have been 8 recessions and 1 depression in the past 100 years

• 8 times more millionaires are created in a recession

Here is the history on what happened in the Kittery area at year end...

**10 homes sold in November and December

**Year-to-date, 105 homes have sold

**18 homes are currently "pending sale" with active contracts

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Hampton NH Real Estate Market-Year End 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sun, 25 Jan 2009 08:56:12 -0600

Although the real estate market was tough in 2008 as you will see below, 270 homes sold in the Hampton area. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:

• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,

• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,

• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.

Unfortunately...

• Over 20% of people with a mortgage owe more than their home is worth

• 40% of all homes in foreclosure are non-owner occupied (investments)

• There is $975 billion in consumer debt in America

Historic Facts...

• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months

• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)

• The normal recession lasts 7 to 8 months in total

• There have been 8 recessions and 1 depression in the past 100 years

• 8 times more millionaires are created in a recession

Here is the history on what happened in Hampton at year end...

36 homes sold in the Hampton area in November and December:

- 22 single family homes,

- 12 condos, and

- 2 mobile home.

In 2008, 270 homes sold in Hampton:

-148 single family homes

- 105 condos, and

- 17 mobile homes

In addition, 6 Hampton area homes went pending with active contracts in November and December.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Portsmouth NH Real Estate Market-Year End 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sun, 25 Jan 2009 08:48:50 -0600

Although the real estate market was tough in 2008 as you will see below, 264 homes sold in Portsmouth. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:

• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,

• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,

• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.

Unfortunately...

• Over 20% of people with a mortgage owe more than their home is worth

• 40% of all homes in foreclosure are non-owner occupied (investments)

• There is $975 billion in consumer debt in America

Historic Facts...

• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months

• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)

• The normal recession lasts 7 to 8 months in total

• There have been 8 recessions and 1 depression in the past 100 years

• 8 times more millionaires are created in a recession

Here is the history on what happened in Portsmouth at year end...

28 homes sold in Portsmouth in November and December:

- 19 single family homes, and

- 9condos.

In 2008, 264 homes sold in Portsmouth, NH:

-126 single family homes

-129 condos, and

- 9 mobile homes

In addition, 6 Portsmouth homes went pending with active contracts in November and December.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Rochester NH Real Estate Market-Year End 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sun, 25 Jan 2009 08:43:57 -0600

Although the real estate market was tough in 2008 as you will see below, 319 homes sold in Rochester. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:

• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,

• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,

• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.

Unfortunately...

• Over 20% of people with a mortgage owe more than their home is worth

• 40% of all homes in foreclosure are non-owner occupied (investments)

• There is $975 billion in consumer debt in America

Historic Facts...

• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months

• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)

• The normal recession lasts 7 to 8 months in total

• There have been 8 recessions and 1 depression in the past 100 years

• 8 times more millionaires are created in a recession

Here is the history on what happened in Rochester at year end...

45 homes sold in Rochester in November and December:

- 32 single family homes,

- 4 condos, and

- 9 mobile homes.

In 2008, 319 homes sold in Rochester, NH:

-212 single family homes

- 45 condos, and

- 62 mobile homes

In addition, 8 Rochester homes went pending with active contracts in November and December.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Barrington NH Real Estate Market-Year End 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sun, 25 Jan 2009 08:40:21 -0600

Although the real estate market was tough in 2008 as you will see below, 111 homes sold in Barrington. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:

• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,

• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,

• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.

Unfortunately...

• Over 20% of people with a mortgage owe more than their home is worth

• 40% of all homes in foreclosure are non-owner occupied (investments)

• There is $975 billion in consumer debt in America

Historic Facts...

• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months

• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)

• The normal recession lasts 7 to 8 months in total

• There have been 8 recessions and 1 depression in the past 100 years

• 8 times more millionaires are created in a recession

Here is the history on what happened in Barrington at year end...

17 homes sold in Barrington in November and December:

In 2008, 111 homes sold in Barrington, NH:

-92 single family homes and

-19 mobile homes

In addition, 5 Barrington homes went pending with active contracts in November and December.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Dover NH Real Estate Market-Year End 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sun, 25 Jan 2009 08:35:19 -0600

Although the real estate market was tough in 2008 as you will see below, 288 homes sold in Dover. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:

• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,

• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,

• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.

Unfortunately...

• Over 20% of people with a mortgage owe more than their home is worth

• 40% of all homes in foreclosure are non-owner occupied (investments)

• There is $975 billion in consumer debt in America

Historic Facts...

• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months

• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)

• The normal recession lasts 7 to 8 months in total

• There have been 8 recessions and 1 depression in the past 100 years

• 8 times more millionaires are created in a recession

Here is the history on what happened in Dover at year end...

34 homes sold in Dover in November and December:

- 26 single family homes,

- 7 condos, and

- 1 mobile homes.

In 2008, 288 homes sold in Dover, NH:

-191 single family homes

- 86 condos, and

- 11 mobile homes

In addition, 11 Dover homes went pending with active contracts in November and December.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Kittery ME Real Estate - October 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sat, 22 Nov 2008 20:43:47 -0600

Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Kittery/Eliot area market in October:

**10 homes sold in October

**Year-to-date, 105 homes have sold in the Kittery/Eliot area

**18 homes are currently "pending sale" with active contracts

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Hampton NH Real Estate - October 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sat, 22 Nov 2008 20:40:52 -0600

19 homes sold in the Hampton area in October:

- 8 single family homes,

- 10 condos, and

- 1 mobile home.

Year-to-date, 234 homes have sold in Hampton:

-126 single family homes

- 93 condos, and

- 15 mobile homes

In addition, 16 Hampton area homes are pending with active contracts.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Portsmouth NH Real Estate - October 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sat, 22 Nov 2008 20:37:24 -0600

19 homes sold in Portsmouth in October:

- 5 single family homes, and

- 12 condos, and

- 2 mobile homes.

Year-to-date, 236 homes have sold in Portsmouth, NH:

-107 single family homes

-120 condos, and

- 9 mobile homes

In addition, 18 Portsmouth homes are pending with active contracts.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Rochester NH Real Estate - October 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sat, 22 Nov 2008 20:33:53 -0600

31 homes sold in Rochester in October:

- 23 single family homes,

- 4 condos, and

- 4 mobile homes.

Year-to-date, 274 homes have sold in Rochester, NH:

-180 single family homes

- 41 condos, and

- 53 mobile homes

In addition, 28 Rochester homes are pending with active contracts.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Barrington NH Real Estate - October 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sat, 22 Nov 2008 20:30:32 -0600

13 homes sold in Barrington in October:

- 12 single family homes, and

- 1 mobile home.

Year-to-date, 94 homes have sold in Barrington, NH:

-75 single family homes and

-19 mobile homes

In addition, 15 Barrington homes are pending with active contracts.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Dover NH Real Estate - October 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Sat, 22 Nov 2008 20:25:13 -0600

30 homes sold in Dover in October:

- 22 single family homes,

- 7 condos, and

- 1 mobile homes.

Year-to-date, 254 homes have sold in Dover, NH:

-165 single family homes

- 79 condos, and

- 10 mobile homes

In addition, 24 Dover homes are pending with active contracts.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Kittery/Eliot ME Real Estate - September 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Mon, 20 Oct 2008 20:27:52 -0500

As you may guess, I receive many requests from friends and associates for referrals to professional trades and services - everything from painters to attorneys. Because I've received these requests, and because I operate my own business by referral, I have compiled a Business Referral Directory that lists the finest individuals and companies serving our community. You can check out this new directory anytime on my website, www.SeacoastHomesForYou.com. I hope you enjoy this directory and if you or someone you know would like to be a part of it, please give me a call or drop me an email.

Now let's take look at what is going on in the market locally...

**10 homes sold in September

**Year-to-date, 105 homes have sold in the Kittery/Eliot area

**18 homes are currently "pending sale" with active contracts

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Hampton NH Real Estate - September 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Mon, 20 Oct 2008 20:16:41 -0500

Now let's take look at what is going on in the market locally...

30 homes sold in September:

- 16 single family homes,

- 12 condos, and

- 2 mobile homes.

Year-to-date, 215 homes have sold in Hampton:

-118 single family homes

- 83 condos, and

- 14 mobile homes

In addition, 9 Hampton area homes went pending with active contracts in September.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Portsmouth NH Real Estate - September 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Mon, 20 Oct 2008 20:11:05 -0500

Now let's take look at what is going on in the market locally...

28 homes sold in Portsmouth in September:

- 17 single family homes, and

- 10 condos, and

- 1 mobile home.

Year-to-date, 217 homes have sold in Portsmouth, NH:

-102 single family homes

-108 condos, and

- 7 mobile homes

In addition, 6 Portsmouth homes went pending with active contracts in September.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Rochester NH Real Estate - September 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Mon, 20 Oct 2008 20:01:00 -0500

Now let's take look at what is going on in the market locally...

36 homes sold in Rochester in September:

- 24 single family homes,

- 3 condos, and

- 9 mobile homes.

Year-to-date, 243 homes have sold in Rochester, NH:

-157 single family homes

- 37 condos, and

- 49 mobile homes

In addition, 10 Rochester homes went pending with active contracts in September.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Barrington NH Real Estate - September 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Mon, 20 Oct 2008 19:54:17 -0500

Now let's take look at what is going on in the market locally...

8 homes sold in Barrington in September:

- 5 single family homes, and

- 3 mobile homes.

Year-to-date, 81 homes have sold in Barrington, NH:

-63 single family homes and

-18 mobile homes

In addition, 5 Barrington homes went pending with active contracts in September.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Dover NH Real Estate - September 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Mon, 20 Oct 2008 19:43:07 -0500

Now let's take look at what is going on in the market locally...

30 homes sold in Dover in September:

- 17 single family homes,

- 9 condos, and

- 4 mobile homes.

Year-to-date, 224 homes have sold in Dover, NH:

-143 single family homes

- 72 condos, and

- 9 mobile homes

In addition, 11 Dover homes went pending with active contracts in September.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Kittery/Eliot ME Real Estate - August 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 13:42:28 -0500

Check this out...Save $1000 on Your Next Home Purchase!

With rates dipping recently, housing prices low plus a $1,000 credit at closing, I can't think of a better reason to start looking for a new home or investment property. If you have interest, let me know. Or, if you know of someone who could use our services and a $1,000 credit, please let me know or pass this along. Carol and I love referrals!!

Now let's take look at what is going on in the market locally...

**17 homes sold in August

**Year-to-date, 95 homes have sold in the Kittery/Eliot area

**17 homes are currently "pending sale" with active contracts

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Hampton NH Real Estate - August 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 13:17:55 -0500

Check this out...Save $1000 on Your Next Home Purchase!

Now let's take look at what is going on in the market locally...

30 homes sold in August:

- 12 single family homes,

- 13 condos, and

- 5 mobile homes.

Year-to-date, 185 homes have sold in Hampton:

-102 single family homes

- 71 condos, and

- 12 mobile homes

In addition, 14 Hampton area homes went pending with active contracts in August.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Portsmouth NH Real Estate - August 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 13:14:57 -0500

Check this out...Save $1000 on Your Next Home Purchase!

Now let's take look at what is going on in the market locally...

26 homes sold in Portsmouth in August:

- 11 single family homes, and

- 15 condos.

Year-to-date, 189 homes have sold in Portsmouth, NH:

-85 single family homes

-98 condos, and

- 6 mobile homes

In addition, 7 Portsmouth homes went pending with active contracts in August.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Rochester NH Real Estate - August 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 13:12:04 -0500

Check this out...Save $1000 on Your Next Home Purchase!

Now let's take look at what is going on in the market locally...

21 homes sold in Rochester in August:

- 13 single family homes,

- 3 condos, and

- 5 mobile homes.

Year-to-date, 207 homes have sold in Rochester, NH:

-133 single family homes

- 34 condos, and

- 40 mobile homes

In addition, 10 Rochester homes went pending with active contracts in August.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Barrington NH Real Estate - August 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 13:09:08 -0500

Check this out...Save $1000 on Your Next Home Purchase!

Now let's take look at what is going on in the market locally...

8 homes sold in Barrington in August:

- 5 single family homes, and

- 3 mobile homes.

Year-to-date, 73 homes have sold in Barrington, NH:

-58 single family homes and

-15 mobile homes

In addition, 6 Barrington homes went pending with active contracts in August.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Dover NH Real Estate - August 2008 Market Update

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 12:49:23 -0500

Check this out...Save $1000 on Your Next Home Purchase!

Now let's take look at what is going on in the market locally...

34 homes sold in Dover in August:

- 17 single family homes,

- 15 condos, and

- 2 mobile homes.

Year-to-date, 194 homes have sold in Dover, NH:

-126 single family homes

- 63 condos, and

- 5 mobile homes

In addition, 17 Dover homes went pending with active contracts in August.

For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

Save $1000 on Your Next Home Purchase!

Sue Melhorn (RE/MAX Coast to Coast) — Wed, 17 Sep 2008 11:40:34 -0500

SAVE with RE/MAX and Alpine!

Carol Zink-Mailloux of Alpine Mortgage in Newington, NH and Sue Melhorn of RE/MAX Coast to Coast of Portsmouth, NH are pleased to announce that they are offering a $1,000 credit at closing on your next home purchase! This credit will be applied at closing to reduce costs to you if you use their services. Every little bit helps in todays market and Sue and Carol are there to help every step of the way!

To get more information on this program, please contact Carol at 603-591-0283 or you can email her at Carol@AlpineMortgageCorp.com or you can contact Sue at SueMelhorn@Metrocast.net or check out her website, www.SeacoastHomesForYou.com .

To save an additional $7,500, ask Carol about First Time HomeBuyer tax credits!!

Oh by the way, if you know of someone who could use this $1,000 savings, referrals are welcome so pass this along!!