Manchester NH Real Estate Market REPORT August 2, 2021 Update

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

August is upon us and with it are new trends in the Manchester NH Real Estate Market. Lets take a look at what we are seeing.

 

  • We saw the amount of condos "for sale" double last week from 14 to 30.
  • We saw a slight increase in single family listings.
  • We saw the amount of multi family homes "for sale" last week go from 23 to 37.
  • The talk among Realtor's is the "Day of the Covid Buyers is over". The day of massive over bids is over.
  • The market remains strong with local buyers. We are seeing 10 offers on our new listings rather than 30 offers though.
  • The biggest trend is that many over priced homes are no longer selling. We have seen an increase in price reductions in the MLS of many over priced homes.
  • The interest rates are still ultra low fueling the strong purchase frenzy of local buyers.
  • Lastly many sellers talk aboout waiting for fall when the best advice is call me to list now. The weather feels like fall. The buyers are buying like fall and prices are strong.

 

Whether you are Buying a home or Selling a home, the one FACT is... to do well in this market you need an advantage. Who you hire to list and sell your home DOES matter.

 

There are new listings coming on the market and you can SEARCH THE MLS by clicking here to see what is For Sale.

 

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Welcome to our WEEKLY Wrap up of Real Estate from Monday to Sunday of last week.

 

 

MARKET REPORT

 

August 2, 2021 

 

  • There are 52 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $375,904. The lowest priced home is $208,000. The highest priced home is $769,900.
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  • There were 24 New Listings this week.
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  • There are 178 SINGLE FAMILY HOMES UNDER CONTRACT
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  • There are 25 SINGLE FAMILY HOMES SOLD & CLOSED this week.
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  • There are 472 SINGLE FAMILY HOMES SOLD 1/1/21 TO 8/2/2021: The average SALE PRICE is $348,664 The average DAYS ON MARKET is 14. 
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  • There are 30 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $244,984. The lowest priced home is $99,000. The highest priced home is $435,000.
    • There were 15 New Listings this week. 
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  • There are 70 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
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  • There are 12 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
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  • There are 262 CONDOMINIUM STYLE HOMES SOLD 1/1/21 TO 8/2/2021: The average SALE PRICE is $219,383. The average DAYS ON MARKET is 20 
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  • There are 37 MULTI FAMILY HOMES FOR SALE: The average priced home is $337,717. The lowest priced home is $110,000. The highest priced home is $2,690,000. 
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  • There are 57 MULTI FAMILY UNDER CONTRACT:
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  • There are 10 MULTI FAMILY HOMES SOLD/CLOSED this week.
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  • There are  189 MULTI FAMILY HOMES SOLD 01/01/21 to 8/2/2021: The average SALE PRICE is $409,479. The average DAYS ON MARKET is 22. 
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  • * Data from NNEREN, subject to change, error or omission

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DOES IT MATTER WHICH REALTOR I USE? The short answer is YES. It matters. There is great difference from one agent to agent another though. Support locally owned businesses and chose us, your home town Realtor for 35 years who offers some of the most personal and professional service there can be. We stand by you through each step of the buying or selling process.

 

 

The SECRET to success and the key to having a successful purchase of sale, can increase simply by choosing a better agent. The secret is, that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. I leave you with now infamous philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.

 

 

PLEASE CALL US FOR A FREE MARKET ANALYSIS TO SEE WHAT YOUR HOME IS WORTH.

 

 

 

 

 

  

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 34 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 (4)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Scott:

Great overview of the housing market activity for the Manchester area. Hope this brings more calls for listings!

Jeff

Aug 02, 2021 09:02 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Scott and thanks for sharing the market report in your area with us here in the Rain.  Make it a great day!

 

Aug 02, 2021 09:17 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Scott - the market is king and those overpriced homes will not move.

Aug 02, 2021 11:24 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Manchester home buyers and sellers are sure to value your real estate market report, Scott.

Aug 02, 2021 07:18 PM