The unofficial start of summer is here. It is Memorial Day 2020. , Some parts of life are getting back to normal here in NH. We saw a 100% increase in condo listings last week. While we saw a 50% decrease in single family listings. Pending sales are increasing and sales are closing. The Real Estate market in the Manchester NH area continues to improve. We are seeing more sellers ready to sell. More new homes come on the market and more buyers ready to take advantage of the ultra low interest rates. Many people are asking about values and i can say values are staying strong. Let me show you there is a difference from one Realtor to another and your choice of who you hire does make a difference.
We have pre-cautions in place and discuss everything with you up front. All open houses are canceled We ask buyer to review our virtual tours before setting up a showing. We ask buyers to drive by properties before setting up a showing. We ask buyer be pre-qualified before setting up showings. Nearly all sellers are asking buyers to bring and wear clean gloves and bring and wear a clean mask when viewing the property. Sellers are also asking the buyers please do not leave those gloves and masks on their property.
It is that time of the week to look at what is the Real Estate Market doing in Manchester NH.
Welcome to our WEEKLY Wrap up of Real Estate from Monday to Sunday of last week.The market continues to be strong. Home sellers continue to list with us now, rather than wait until spring. Interest rates remain low and there is a steady flow of buyers waiting for new listings to hit the market,
MARKET REPORT
May 25, 2020
- There are 55 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $366,085. The lowest priced home is $164,900. The highest priced home is $657,900.
- There were 17 New Listings this week. (8 LESS than last week)
- There are 131 SINGLE FAMILY HOMES UNDER CONTRACT:
- There were 17 New Pending Sales this week. (2 MORE than last week)
- There are 16 SINGLE FAMILY HOMES SOLD & CLOSED this week.
- There are 264 SINGLE FAMILY HOMES SOLD 1/1/20 TO May 25, 2020: The average SALE PRICE is $258,562 The average DAYS ON MARKET is 47.
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- There are 30 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $220,855. The lowest priced home is $79,000. The highest priced home is $475,000.
- There were 7 New Listings this week. (4 MORE as last week)
- There are 46 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
- There were 4 New Pending Sales this week. (4 LESS than last week)
- There are 4 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
- There are 117 CONDOMINIUM STYLE HOMES SOLD 1/1/20 TO 5/25/2020: The average SALE PRICE is $189,771. The average DAYS ON MARKET is 58.
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- There are 25 MULTY FAMILY HOMES FOR SALE: The average priced home is $337,717. The lowest priced home is $110,000. The highest priced home is $2,690,000.
- There are 40MULTY FAMILY UNDER CONTRACT:
- There are 1 MULTY FAMILY HOMES SOLD/CLOSED this week.
- There are 72 MULTY FAMILY HOMES SOLD 01/01/20 to May 25, 2020: The average SALE PRICE is $301,802. The average DAYS ON MARKET is 45.
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* Data from NNEREN, subject to change, error or omission
THE SECRET OF SUCCESS and the key to having a successful purchase of sale, can increase simply by choosing a better agent. The secret is, that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. I leave you with now infamous philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.
HOME SELLERS who listed their homes with us have been enjoying relatively quick sales at great prices. There is no need to wait until spring if you want to sell your property.
HOME BUYERS who bought through us enjoyed getting ultra low interest rates. They got an insight of what new listing were hitting the market and used out tips to have their offers accepted and close don their dream homes.
PLEASE CALL US FOR A FREE MARKET ANALYSIS TO SEE WHAT YOUR HOME IS WORTH.
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 34 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.
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