There is a CHANGE in our Local Real Estate Market

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

I did not have to look far to see a change in our Local Manchester NH Real Estate Market. I see it in the types of offers i am getting on my listings. I see it by talking to prospective Buyers. The questions would be, "Have the Covid Buyers come and gone?"

 

New Hampshire saw an incredible amount of people looking to move here. They wanted suburban and rural areas. They wanted more space, less people and bigger homes. Many from MA, CT, NY and CA. They sold their homes for big bucks and traveled to NH with pockets of cash. They were willing to pay more than any local buyer for the right home. Big yards. Great schools that were actually attending school. Safety and peace and quiet all were factors. No income and sales tax. And lastly, they could get 2 or even 5 times the size of the house for half off what prices are where they came from.

 

Local buyers were left wondering what happened. Offers of $30,000 over asking price, $50,000 over asking and even one for $100,000 over asking price. 

 

Like the flip of a switch, Covid was in the rear view. Things are back to normal and seemingly all the Covid buyers who wanted to flee their states are already here.

 

WHAT DOES THIS MEAN? It means LOCAL BUYERS have a chance. We are still seeing multiple offers in the first 2 days of listing a home. However we are seeing offers just over asking price. We are also seeing over priced homes staying around longer. 

 

The most important thing i am seeing as local buyers can buy, they need to sell their current home. That means even more listings coming on the market. Our market is strong. With the economy roaring here in NH, i am starting to see an influx of people coming for our great high paying jobs. 

 

 

 

THE MORAL OF THE STORY is that in the end, the most important thing in Real Estate for me is provide GREAT SERVICE. I want to stand out from the crowd. My philosophy is simple. To provide more personal and professional service to guide my clients through each step of the selling and buying process.

 

All agents are not created equal and every consumer should take the time to hire the BEST not just the biggest agent. Let me show you there is a difference. Please Support locally owned and operated business.

 

Locally owned and operated since 1985.

 

 

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 35 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. 

 

    

 

 

Comments (9)

Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Let's hope we see some slowing in our real estate markets for a variety of reason. That would be welcome news for many of us. 

Jun 26, 2021 07:23 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I agree with Debb Janes EcoBroker and Bernie Stea JD - I'd like to see a slight shift in my real estate market. It is too soon to tell yet my sense today is that might be starting to happen. 

Jun 26, 2021 08:56 AM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Scott it's always interesting to notice a change in the local market.  I am glad your area is changing to a more 'normal' rather than frenetic market.  I can only hope that begins here in the Phoenix area as well.  So far it's still - all hands on deck - full speed ahead.

Jun 26, 2021 09:48 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Scott- I agree with the others...let's hope that the market turns back to a more "normal" one. This week I was talking to my niece who has considered buying here. I suggested that unless she had to buy (which she doesn't) or found exactly what they needed in the price range they were comfortable with...hold on. 

Jun 26, 2021 02:20 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I saw a cute cartoon yesterday.  It was of a Realtor talking to his clients.  The Realtor said, "If you'd like to see a more expensive home, I can show you this one again tomorrow."

Jun 27, 2021 04:18 PM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

For us it wasn't relocating buyers, but sellers scared to list. Boy did they list this past weekend.  For the first time since 2019, my single family home listings made it through a weekend with no offers.

Jun 28, 2021 07:32 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Scott - truly listening to people can provide a lot of insight.  Not only for them(and you) but a bigger picture view of real estate.  

Jul 02, 2021 04:30 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

 It means LOCAL BUYERS have a chance.  That is so true - and it is a message that we have to get to our buyers - and also share Chris Ann Cleland 's comment that listings are not flying off the shelf just because they are there - Sellers can not be reaching for the far end of the universe in price now. 

Jul 05, 2021 08:42 AM
Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Good information.  Thanks for sharing and have a fabulous day!

Jul 18, 2021 07:14 AM