Dover NH Real Estate Weekly Market Report 6/30/2012 - Marty Patrizi

8 single family homes and one condo sold this week in Dover NH Real Estate totaling $1,908,200 in inventory sold.  There are curently 212 /- homes and condos on the market so not to worry about enough inventory.  65 listings have accepted offers and 6 are pending closing.  Click here to see Dover's => New Listings This Week

Three bedrooms, one bath, 2,100 sqft

1.58 acres  

Sold $160,000  72 Days on Market

Three bedrooms, two baths, 1,272 sqft.

.33 acre  

Sold $220,000  15 Days on Market

Three bedrooms, two baths, 1,500 sqft.

attached garage, .30 acre  

Sold $231,500 12 Days on Market

Three bedrooms, two baths, 1,600 sqft

Double garage under, .24 acre

Sold $232,900  308 Days on Market

Three bedrooms, two baths, 1,512 sqft.

detached double garage, 1,25 acres

Sold $240,000  254 Days on Market

Three bedrooms, three baths, 1,768 sqft.

attached double garage, .14 acre

Sold $257,900  376 Days on Market

Three bedrooms, two baths, 2,100 sqft

1.55 acres

Sold $262,000  3 Days on Market

Three bedrooms, three baths, 2,167 sqft

attached double garage, .21 acre

Sold $379,900  55 Days on Market

Condo three bedrooms, two baths,

1,470 sqft., garage under.

Sold $164,000  64 Days on Market

First Time Home Buyers Make The Market

Home buyers have had enough of waiting for the right time to buy or move up.  It is evidenced by the number of homes sold this year compared to the last three years with these statistics.

Note:  Median Sales Price is said to be a better indicator of price trends because Average Sales Price can be artrificially skewed by a single transaction with an extremely high or low sales price.

The number of homes sold yearly is on a steady rise which represents buyers desire to live in a great community with great schools, vibrant businesses, fun and intersting entertainment, fabulous restaurants and a business savvy local government.

Average days on market can be an indicator of strong demand and market trends.  2010 had the least number of days on market which was artificially induced by the now expired Home Buyers Tax Credit.  If I had my drothers, I'd like to think that a really healthy market would show average days on market in the 90's range but 113 average days on market still indicates the Dover NH Real Estate market is healthier than a lot of other towns.

Average Sales Price has been unusually steady and Median Sales Price has been bumping along what I would call the bottom.  With demand as strong as it is, I see prices holding steady and won't fall much further if at all in the next six to 12 months.  The demand will keep prices up and with interest rates as low as possible, first time buyers are coming to the market in droves.  However, they are cautious and want to see everything in their price range before they make a decision and that is why Averge Days On Market is a little high for as much activity is in the market lately.

If you are on the hunt for a home in Dover NH, better get busy.  Here is a look at 212 +/- homes and condos for sale => Current Dover Inventory

This report brought to you by Marty Patrizi Realtor at The Bean Group.  For more information, call Marty direct 603-781-4099 or by email marty.patrizi@beangroup.com.  Click here to learn about => Marty Patrizi