Dover NH Home Sales Reach $2,021,050

6 homes and 2 condos sold this week.  64 homes have accepted offers and are in the contingency stage.  2 listings have satisfied their contingencies and are pending closing soon.  Here is a look at this week's => Newest Listings.

Dover Homes And Condos Sold This Week

Three bedrooms, two baths, 1,000 Sqft., attached dopuble garage,

.26 acre,  Sold $155,00  25 Days on Market

Three bedrooms, one bath, 960 Sqft., garage under,

5.1 acres  Sold $155,000  43 Days on Market

Three bedrooms, one bath, 1,166 Sqft, attached garage,

.21 acre   Sold $185,000  3 Days on Market

Three bedrooms, three baths, 1,900 Sqft. attached double garage,

1.17 acres.  Sold $248,000  47 Days on Market

Detatched Condo Three bedrooms, three baths, 2,167 Sqft.

attached double garage,  Sold $380,000  606 Days on Market

Four bedrooms, three baths, 3,100 Sqft., attached triple garage,

1.01 acres,  Sold $575,000  1 Day on Market

Garden style condo, three bedrooms, three baths, 1,411 Sqft.

Sold $153,050  29 Days on Market

Townhouse style condo two bedrooms, two baths, 1,440 Sqft.,

double garage under  Sold $170,000  113 Days on Market

Where Is The Dover Market Headed?

Looking at this quick chart depicting the sales data from January to the end of May for 2011 and 2012, we can see that home sales are up 18% with 23 more units sold than last year.  Average days on market is down from 119 to 111 meaning demand is up and homes are selling faster than last year at this time.  Median Sales Price is said to be a better indicator of price trends because Average Sales Price is more susceptible to be skewed by an extremely high or low transaction price.  Median Sales Price is the transaction price in the middle of the data with half the sales prices above and half below.

We can see that Average Sales Price and Median Sales Price are up 1.5% and 6.3% respectfully.  When demand increases, so do prices.

What Has Sparked The Incease In Demand For Dover Homes?

The fact that interest rates are at the lowest levels ever seen, home prices seem to have bottomed out, and the inventory of quality homes for sale is so good.

Dover has great schools, lots of employment opportunities, vaired arts and entertainment, fantastic restaurants, and a city government that is pro-economic growth are all factors making Dover NH a great place to live, work, and play.

If you are on the hunt for a home in Dover, here is a look at => Dover Homes and Condos For Sale

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