Dover NH Weekly Real Estate Report 7/14/2012

8 Properties changed hands this week totaling $2,126,315.  This week was hot and the activity was up a little most likely due to folks taking some time of this summer.  All in all,  it was a good week for Dover NH Real Estate.  53 sellers have accepted offers and 12 are pending closing soon.  There are currently 215 single family homes and condos for sale in Dover.  Here is a look at Dover's => New Listings This Week

Here's A Look At What Sold This Week

Built 1954, two bedrooms, one bath, 960 sqft.

detached garage on 2.19 acres

Sold $92,500   77 days on market

Built 1950 three bedrooms, one bath,

1,462 sqft., attached garage on .29 acre

Sold $199,900  5 days on market

Built 1986 2,038 sqft. three bedrooms,

two baths, detached double garage on 1.44 acres

Sold $220,000  11 days on market

Built 1955 1,780 sqft

three bedrooms, two baths,

attached garage on .25 acre

Sold $253,900  2 days on market

Built 2004 3.728 sqft.

three bedrooms, two baths,

triple garage under on 1.5 acres

Sold $274,115  56 days on market

Built 2012,  2,133 sqft,

three bedrooms, three baths,

attached double garage on 1.16 acres

Sold $434,900   100 days on market

Built 2011, four bedrooms, three baths,

2,697 sqft, attached triple garage on .49 acre

Sold $521,000  1 day on market

Condo built 1987, 1,049 sqft.

two bedrooms, two baths,

Sold $130,000  73 days on market

Where Is Dover NH Real Estate Headed?

Once again, I will refer to my earlier Dover Weekly Reports.  Are we seeing a trend here?  Looking at the average days on market for this group of solds at 41 days, shows us that the market is just as hot as the weather this week.  Here is look at available => Dover Properties For Sale  

We know home prices are way down and sellers have to come to grips with that.  We know mortgage rates are at the lowest levels in fifty years and we know they will be going up but without that crystal ball, we just can't say when.

So Wy Wait?

If you have been thinking about getting into this incredible buyer's market, get to a lender and get pre-approved for a mortgage NOW!  I have two lenders I recommend because they get things done for my clients.  Please let them know I referred you for top shelf service.  They are Sean Starkey of Wells Fargo Home Loans 603-617-0083 and Amy Morrill of Regency Mortgage 603-312-1341. 

So Why Sell?

If you have been thinking you would like to buy a new home or a bigger one, you should not wait.  Yes you will have to sell at a price lower than you would expect but on that same condition, you'll be saving more on the new purchase.  If market prices are down 17% from a few years ago, which they are, then take a look at this.  Buyer paid $230,000 five years ago and will have to sell for about 200,000.  The market is what the market is and he gives up $30K.  Buyer now wants to buy new/bigger home selling for $275,000.  That same home sold for $320,000 five years ago.  Buyer now spends $45K less for that new/bigger home.  Put those together the buyer saves more than he loses and net is $15K in actuall savings.

When Is The Best Time To Buy?

The best time to buy is when mortgage rates are at their lowest and home prices are at their lowest.  Could there be a better time to buy than right now?   NO!!!  So buy now while we are at the bottom of the market cycle and don't kick yourself later for not taking advantage of the sweetest market conditions you will probably see in your lifetime.

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