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New Hampshire Home Sales Increase 10% in June 2010

By Joan Whitebook

Real Estate Agent with BHG The Masiello Group

July 19, 2010 07:07 AM

New Hampshire Real Estate Market According to data released by the New Hampshire Association of REALTORS® (NHAR), New Hampshire home sales and prices continued to increase in June, compared to June 2009,

The 1,289 statewide residential home sales in June 2010 marked a 10 percent increase over the 1,171 sold in June 2009.

The 5,284 homes sold over the first six months of this year represented an 18 percent increase over the same period in 2009.

The residential median price was $229,000 in June of this year. This is a 2 percent increase from June 2009.

The median price of residential sales January-June 2010 was $216,000, 4 percent higher than the first six months of 2009.

Seven of the 10 New Hampshire counties saw an increase in unit sales in June. Seven out of 10 saw in increase in median price, including a 3.5 percent price improvement in Hillsborough County which is the largest county in New Hampshire.

Condominiums sales, also showed statewide improvement on both the sales and price side. The June unit sales were ahead of June 2009 by 14 percent, and median price was up by 6 percent during the same period. Year to date (January-June), condominium unit sales have increased 28 percent statewide, while median price is up 3 percent.

It is too early to predict the future of the New Hampshire real estate market because the impact of the tax credit is not yet known. Many of the sales which closed in June involved buyers who signed a contract prior to the April 30 tax credit deadline.

YTD/June 2010 Residential Sales: New Hampshire

Unit sales

County YTD 2009 YTD 2010 % change Jun‐09 Jun‐10 % change

Belknap 272 321 18.0% 64 77 20.3%

Carroll 274 319 16.4% 62 69 11.3%

Cheshire 252 261 3.6% 69 93 34.8%

Coos 140 154 10.0% 33 32 ‐3.0%

Grafton 283 362 27.9% 75 101 34.7%

Hillsborough 1,260 1,389 10.2% 367 324 ‐11.7%

Merrimack 467 590 26.3% 112 126 12.5%

Rockingham 991 1,211 22.2% 251 303 20.7%

Strafford 385 500 29.9% 98 127 29.6%

Sullivan 168 177 5.4% 40 37 ‐7.5%

Statewide 4,492 5,284 17.6% 1171 1289 10.1%

Median Price

County YTD 2009 YTD 2010 % change Jun‐09 Jun‐10 % change

Belknap $173,185 $180,000 3.9% $191,750 $185,000 ‐3.5%

Carroll $178,450 $190,000 6.5% $192,000 $207,500 8.1%

Cheshire $168,000 $160,000 ‐4.8% $165,000 $158,400 ‐4.0%

Coos $60,000 $91,000 51.7% $ 52,000 $ 84,950 63.4%

Grafton $166,500 $173,275 4.1% $186,900 $199,900 7.0%

Hillsborough $229,000 $232,200 1.4% $245,000 $253,500 3.5%

Merrimack $198,000 $196,500 ‐0.8% $207,450 $218,500 5.3%

Rockingham $256,000 $264,500 3.3% $272,000 $277,500 2.0%

Strafford $189,900 $199,900 5.3% $202,500 $195,000 ‐3.7%

Sullivan $145,000 $149,000 2.8% $153,750 $173,000 12.5%

Statewide $208,000 $216,000 3.8% $225,000 $229,000 1.8%

Average Days on Market

County YTD 2009 YTD 2010 % change Jun‐09 Jun‐10 % change

Belknap 151 155 3% 163 155 5%

Carroll 155 197 27% 143 218 52%

Cheshire 143 139 ‐3% 140 142 1%

Coos 87 245 31% 149 229 54%

Grafton 189 169 ‐11% 172 180 5%

Hillsborough 112 109 ‐3% 102 96 ‐6%

Merrimack 153 147 ‐4% 143 149 4%

Rockingham 137 131 ‐4% 131 123 ‐6%

Strafford 151 124 ‐18% 135 113 ‐16%

Sullivan 154 170 10% 178 200 12%

Statewide 140 139 ‐1% 131 135 3%

YTD/June 2010 Condominium Sales: New Hampshire

Condominium Unit Sales

County YTD 2009 YTD 2010 % change Jun‐09 Jun‐10 % change

Belknap 61 68 11.5% 17 13 ‐ 23.5%

Carroll 47 66 40.4% 11 14 27.3%

Cheshire 13 31 138.5% 1 8 700.0%

Coos 7 6 ‐14.3% 2 0 ‐100.0%

Grafton 120 151 25.8% 30 30 0.0%

Hillsborough 410 529 29.0% 113 128 13.3%

Merrimack 64 95 48.4% 13 19 46.2%

Rockingham 331 389 17.5% 82 96 17.1%

Strafford 52 80 53.8% 14 18 28.6%

Sullivan 7 7 0.0% 3 1 ‐66.7%

Statewide 1,112 1,422 27.9% 286 327 14.3%

CONDOMINIUM MEDIAN SALES PRICE

County YTD 2009 YTD 2010 % change Jun‐09 Jun‐10 % change

Belknap $142,000 $125,000 ‐12.0% $135,000 $143,000 5.9%

Carroll $165,000 $161,000 ‐2.4% $199,900 $174,500 ‐12.7%

Cheshire $126,500 $165,500 30.8% $210,000 $176,650 ‐15.9%

Coos $225,000 $272,500 21.1% $205,000 n/a n/a

Grafton $188,500 $180,000 4.5% $205,450 $211,500 2.9%

Hillsborough $154,000 $163,500 6.2% $168,000 $175,000 4.2%

Merrimack $149,450 $156,500 4.7% $146,900 $179,900 22.5%

Rockingham $173,000 $176,500 2.0% $173,950 $185,250 6.5%

Strafford $129,500 $146,250 12.9% $141,750 $149,500 5.5%

Sullivan $280,000 $259,000 ‐7.5% $430,000 $337,305 ‐21.6%

Statewide $160,000 $165,000 3.1% $168,500 $177,900 5.6%

CONDOMINIUM AVERAGE DAYS ON MARKET

County YTD 2009 YTD 2010 % change Jun‐09 Jun‐10 % change

Belknap 151 155 3% 163 155 ‐5%

Carroll 183 205 12% 233 146 ‐37%

Cheshire 186 198 6% 161 310 93%

Coos 238 231 ‐3% 249 n/a n/a

Grafton 199 163 ‐18% 159 161 1%

Hillsborough 133 114 ‐14% 125 105 ‐16%

Merrimack 182 171 ‐6% 156 146 ‐6%

Rockingham 177 153 ‐14% 140 158 13%

Strafford 137 140 2% 128 127 ‐1%

Sullivan 184 150 ‐18% 85 382 349%

Statewide 166 158 ‐5% 143 138 ‐3%

YTD reflects cumulative data through June 30
Source: New Hampshire Association of REALTORS®/ Northern New England Real Estate Network

Discover the New Hampshire Advantage. New Hampshire was chosen as the Most Livable State in America! The Safest State in America, 2010. and the Fifth Healthiest State in America!

________

Disclaimer: Information herein may come from various sources, some of which may not be reliable and may change without any notice. Joan Whitebook does not guarantee or is any way responsible for the accuracy of the information in this blog and information provided is without warranties of any kind, either express or implied. Information on this blog represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2010 By Joan Whitebook, "New HampshireHome Sales Increase 10% in June 2010"

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William Johnson

Retired - La Jolla, CA

Retired

WOW Joan, An outstanding report. Looks like most of the communities that your are reporting on , things have been improving. Great report and I especially like the way you segmented the sections.

Jul 19, 2010 08:02 AM

Joan Whitebook

BHG The Masiello Group - Nashua, NH

Consumer Focused Real Estate Services

William -- It will be interesting to see how things go the next few weeks and months. As you pointed out in your recent post, things have slowed down considerable. Lenders are telling me new applications are way down.. some think this is due to the summer vacations.. others think it is a combination of things.. We will just have to keep our fingers crossed and see who is correct.

Jul 19, 2010 09:24 AM

Mary Kay Hopkins

Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA

e-PRO,GRI,CRS

Joan, VERY informative post. I would think buyers and sellers in Southern New Hampshire would find this helpful.

Jul 19, 2010 10:29 AM

Mary Kay ~ I am glad to see some good new. Hopefully, this positive trend will continue.

Jul 19, 2010 11:02 AM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Joan 10% is huge. Wouldn't it be great to have that kind of increase a few months in a row.

Jul 19, 2010 01:39 PM

George ~ We will see how things progress.... Are you seeing a slow down in loan apps in your area? That's what I am hearing from loan officer in NH.

Jul 19, 2010 03:31 PM

Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula

Realty Works Temecula - Temecula, CA

Realty Works Temecula

Joan: Good news for property owners who are looking to re-gain some of the equity lost in the last couple of years!

Jul 19, 2010 03:36 PM

Jane ~ It is good news for sellers and for buyers. Even though home prices are up a little bit, the interest rates are the lowest in over 40 years. It may be a very good time for buyer to purchase a home if their job outlook is stable.

Jul 19, 2010 03:39 PM

Margaret Woda

Long & Foster Real Estate, Inc. - Crofton, MD

Maryland Real Estate & Military Relocation

What a thorough market report. Kudos to you. I hope that 10% increase in sales holds up after the last of the tax credit closings!

Jul 19, 2010 03:42 PM

Hi Margaret ~ We are all waiting and watching to see how the market will respond. I think it is good that NH has one of the lowest unemployment rates in the US. People can feel pretty secure in the jobs and this should make a difference. With interest rates being historically low, it may lead to a sustained recovery.

Jul 19, 2010 03:45 PM

Sylvia Barry

Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay) - San Rafael, CA

Marin and Sonoma Real Estate Leading Expert

Hi Joan: Nice stats. Great to see the housing sales volume and sales prices go up. We all love good news! We are seeing some increases in Marin County also (yes, we were hit by the economy), so that's encouraging for us!

Jul 20, 2010 08:20 AM

Laura Cerrano

Feng Shui Manhattan Long Island - Locust Valley, NY

Certified Feng Shui Expert, Speaker & Researcher

Hey Joan, New Hampshire seems to be doing great! I hope it continues to remain that way and only get better :)

Jul 20, 2010 11:52 PM

Sylvia - Looks like things are looking up in California as well. I think my friends there will be happy.

Laura -- We are all keeping our fingers crossed. It would be great to know that we are over the worst of this.

Jul 21, 2010 02:08 AM

Ellie McIntire

Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD

Luxury service in Central Maryland

Great looking market report. I hardly recognized you with your new profile picture.

Jul 21, 2010 09:31 AM

Hi Ellie -- I'm glad to see that the market is looking positive.

Jul 21, 2010 09:38 AM

Jamie Dumaine-Russell

RE/MAX Alliance - Branford, CT

Joan - This is an excellent presentation comparing the New Hampshire homes sales market this year versus last year. Hope the trend continues for the seond half of this year.

Jul 21, 2010 04:33 PM

Donna ~ Thanks for your kind words. We hope the trend is good throughout the entire northeast, including our neighbor Connecticut!

Jul 21, 2010 04:37 PM

New Hampshire Home Sales Increase 10% in June 2010

Comments(17)

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