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.