What is going on with Real Estate in the Manchester NH area? With 2016 in the books, lets look back at what happened to the market. In the fall leading up to the election we saw a sharp slow down as people held their breathe and waited to see what would happen. When the election ended, it was a collective sigh of relief. Home Owners who had stayed put, once again made the choice to move to bigger homes. This opened up many starter homes for the amount of first time buyers we saw.
Multi Family homes make up a large part of our market. Most common are 2 family homes. We see both duplex style which is side by side and and up and down style. We have a good deal of 3 and 4 family homes as well. Investors flock to our area for 5 to 48 unit buildings. We see affordable prices and strong rents. A low vacancy rate and wide variety of types of areas,
I would also like to look ahead for 2017. Interest rates came up slightly but have settled back a bit. There is talk of another increase come spring, so many buyers are out right here and now looking for homes. If you are thinking of selling your home, that means now may be the time to sell rather than wait until Spring.
PLEASE CALL US FOR A FREE MARKET ANALYSIS TO SEE WHAT YOUR HOME IS WORTH
MARKET REPORT
MULTI FAMILY HOMES
Manchester NH
1/1/2016 TO 12/31/2016
- THERE ARE 48 HOMES LISTED FOR SALE
- THERE ARE 34 HOMES PENDING SALES
- 1062 HOMES CLOSED IN 2016
- HOMES SOLD FOR 99% OF THE ASKING PRICE
- THE AVERAGE DAYS ON MARKET WAS 47
- THE AVERAGE SALES PRICE WAS $229,507
* Data from NNEREN, subject to change, error or omission. Listing count as of 1/23/17. Sales from 1/1/16 to 12/31/16
THE BOTTOM LINE is that the BEST way to go about any home sale or purchase is to know that the consumer should not choose just any agent. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. By using a philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process, I can help you find your dream home or sell your property.
To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .
About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties.
Comments (10)Subscribe to CommentsComment