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Is the North Conway NH real estate market affected by the bank owned homes in NH and Maine?
People are always asking, "How are the foreclosures in the area? They must really be driving down the prices!". My answer is pretty straightforward: "The number of bank owned homes for sale in North Conway, or Bartlett or Jackson is not large enough to cause serious damage to home values in general, but the volume of bank owned properties in NH, ME and VT over-all, has an impact on the value of second homes." What I try to point out is that values in most of the United States are depressed, but regionally we did not experience the same level of boom that the most notable foreclosure states saw. Our prices are down but home sellers really aren't taking a bath just yet. The stats from RealtyTrac prove this out as well. NH has weathered the storm better than alot of other states.
 
BTW- I will insert a link to my NH Real Estate Search engine at the bottom of this blog for anyone that is looking for real estate in NH. I can help with property anywhere in NH, from my home area of North Conway NH, where I can help with the entire home purchase or home sale ... more

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