MARKET UPDATE  and Report for MANCHESTER NH for June 2011 compared to July 2011

During a recent in depth conversation with a reporter, they said they see all sort of market reports but what do they all mean. I wanted to take the stats and break them down for you. So sit down and enjoy them a dplease email me any questions on my report or buying or selling a home in New Hampshire.


* Currently there are 595 properties for sale in MANCHESTER NH

* There were 157 new listings from 7/1/11 to 7/31/11, That is  56 LESS than June 2011

* There were 80 properties put under contract and 105 placed contingent for a total of 185  from 7/1/11 to 7/31/11, That is  6 LESS than June 2011
 
* There were 92 properties that Closed from 7/1/11 to 7/31/11, That is  13 MORE than June 2011

TOTAL Active Listings
Count 595    
Listing Price Total $129,363,672    
Listing Price Average $217,418    
Average Days on Market 115    
Average Price Per Sqft $357


New Listings from 7/1/11 to 7/31/11
Count 157    
Listing Price Total $32,500,257    
Listing Price Average $207,008



Closed Listings from 7/1/11 to 7/31/11
Count 92    
Listing Price Total $16,760,250    
Listing Price Average $182,177    
Selling Price Total $16,227,030    
Selling Price Average $176,381    
List-to-Sell Variance 5,796    
List-to-Sell Percent 97%    
Average Days on Market 72



Pending Listings from 7/1/11 to 7/31/11
Count 80    
Listing Price Total $14,434,820    
Listing Price Average $180,435    
Average Days on Market 75



Contingent Listings from 7/1/11 to 7/31/11
Count 105    
Listing Price Total $22,785,619    
Listing Price Average $217,006    
Average Days on Market 82



 
IN CONCLUSION THE MARKET SLOWED FOR JULY WHICH IS NOT UNCOMMON GIVEN THE JULY 4TH HOLIDAY. There were less homes coming on the market and more homes closed in July than June which reduces inventory. That is certainly good news for sellers of homes in the area.

For buyers now is indeed the time to act, a buyer can easily get pre-quailified for a mortgage at no cost by meeting with a local and trusted mortgage broker or bank. Please see my blog for tips on getting a mortgage.


Prices are still low and interest rates are still near all time lows.

Bank owned homes continue to be great values. Please see my blog with a full list of tips and advice for buying a bank owned home.



If you are interested in buying or selling a home in New Hampshire, please feel free to contact us on how we can help you.

This update fron Nneren is based on sales of sfr, condos, mobile homes and multy family homes for 7/1/11 to 7/31/11) and is subject to errors, omisions ro changes.

ONE OF NEW HAMPSHIRE'S LEADING INDEPENDANT REAL ESTATE BROKERS

Updated  August 6, 2011

Copyright 2008-2011, All rights reserved

Scott Godzyk
Owner/Broker
Godzyk Realty Group

One of New Hampshire's Leading REO Brokers

www.ScottSellsNH.com

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Scott Godzyk, One of Manchester NH's Leading Agents

Manchester, NH

More about me…

Godzyk Real Estate Services

Address: pob 4783, Manchester, NH, 03108

Office Phone: (603) 661-2121

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Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Sales, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.


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