The day of Over Pricing your home is OVER

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

The amount of homes currently For Sale in our area just doubled in our Local Manchester NH Real Estate Market. All Spring and into early summer we averaged about 24 homes for sale. This week we hit 48 homes currently For sale right now.

 

In addition, the other major change is that there is NO more Covid Buyers. They have come, purchased and already settled in. The days of offers of $30,000 over asking price, $50,000 over asking and even $100,000 over asking price are over. Our new listings are selling quickly at full price though.

 

BEFORE ANYONE HITS THE PANIC BUTTON when you hear that over all the total sales is down due to that earlier lack of listings to sell. The good news is that Interest rates have began to head down again with market trends. It also means that LOCAL BUYERS now have a chance to get their offers accepted. New listings are picking up. Sales are steady and quick.   

 

The market s still very busy for us here at the Godzyk Real Estate Services. The largest factor i am seeing, is that before 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 (10)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Some people still forget that prices are always based on a market expectation of what the price will be

Jul 31, 2021 07:23 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Well that sounds like good news for the local buyers.  And good news for you too.

Jul 31, 2021 07:26 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

As covid cases are on the rise again, maybe the next wave of 50,000 over ask is just around the corner. 

Jul 31, 2021 09:08 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Aug 01, 2021 12:34 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Scott - thank you for sharing your local Manchester New Hampshire area real estate perspective.  Having the right  local representation matters.   

Aug 01, 2021 02:20 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Excellent news for your area!

Aug 01, 2021 06:24 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Great news for your area, Scott. 

"With the economy roaring here in NH, I am starting to see an influx of people coming for our great high-paying jobs."

That is NOT the case in my H-Hole state of California .. I imagine many of the $50-$100K over asking buyers may have been former CA homeowners/residents. 

 

 

Aug 01, 2021 08:12 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I am sure home buyers and sellers in your area value your perspective on the local market, Scott.

Aug 01, 2021 03:32 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Scott Godzyk the Realtors I work with around here are telling me the same thing is happening here CT.

Aug 01, 2021 03:45 PM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

COVID buyers? Can you elaborate on that?

Our market is steady, there has been ever so slight an increase in inventory. Whatever our respective markets are doing, we have to keep pace and adjust as needed.

Aug 15, 2021 05:00 PM