Manchester NH Real Estate Market REPORT Jan. 30, 2023. As January comes to a close, the amount of Single Family home new listings doubled last week. The amount of Pending Sales increased greatly for both single family and condos. The amount of new condo listings though, fell greatly.
THIS WEEKS QUESTION asks "Is there more Pending Sales falling apart or does it just seem that way?" Let me check MY CRYSTAL BALL and see what it says. YES, you are seeing a greater percentage of homes that went "Under Contract" come back on the market. Inspection issues, Appraisal Issues, Buyers not getting approved or Buyers with Cold Feet, are the main reasons.
There is a way though to reduce your odds that your sale will also fall through. Pricing your home correctly from the start. As your listing agent walking through your home before we list it to identify any potential issues. Meeting the appraiser and providing detailed info how the home was price. Making sure Buyers are pre-approved and ready and willing to buy. When a market changes, this is when an Agents experience and skill matters the most. * * * * * * * * * *
Welcome to our WEEKLY wrap up from Monday to Sunday of last week
MARKET REPORT FOR Jan. 30, 2023
There are 34 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $465,298. The lowest priced home is $199,000. The highest priced home is $843,900. The average DAYS ON MARKET is 38
There were 11 New Listings this week.
There are 49 SINGLE FAMILY HOMES UNDER CONTRACT
There are 2 SINGLE FAMILY HOMES CLOSED this week.
There are 28 SINGLE FAMILY HOMES SOLD 1/1/23 TO 01/30/2023. The average SALE PRICE is $389,733 The average DAYS ON MARKET is 27.
There are 792 SINGLE FAMILY HOMES SOLD 1/1/22 TO 12/31/2022. The average SALE PRICE is $404,594 The average DAYS ON MARKET is 13.
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There are 9 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $289,930. The lowest priced home is $144,900. The highest priced home is $750,000. The average DAYS ON MARKET is 29
There were 2 New Listings this week.
There are 44 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 5 CONDOMINIUM STYLE HOMES CLOSED this week.
There are 14 CONDOMINIUM STYLE HOMES SOLD 1/1/23 TO 01/30/2023. - The average SALE PRICE is $222,555. The average DAYS ON MARKET is 20
There are 408 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 12/31/2022 - The average SALE PRICE is $258,136. The average DAYS ON MARKET is 13
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There are 8 MULTI FAMILY HOMES FOR SALE: The average priced home is $624,670. The lowest priced home is $315,900. The highest priced home is $3,589,000.
There are 14 MULTI FAMILY UNDER CONTRACT:
There are 3 MULTI FAMILY HOMES CLOSED this week.
There are 9 MULTI FAMILY HOMES SOLD 1/1/2023 TO 01/23/2023. - The average SALE PRICE is $412,500. The average DAYS ON MARKET is 37.
There are 281 MULTI FAMILY HOMES SOLD 01/01/22 to 12/26/2022 The average SALE PRICE is $425,983. The average DAYS ON MARKET is 30.
* 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. All agents are not created equally. Bigger is not better. Experience matters. Choose the Best agent not the biggest. Choose experience over not experienced. Choose Local over National. Please support locally owned businesses and chose us, your home town Realtor for 37 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. Let me show you there is a difference from one agent to another.
The amount of homes in Foreclosure has risen. If you are behind in your mortgage you have choices right now. We can explain what options may be available to you if you are behind in your mortgage. We also have an increase in divorce listings and Estate sales.
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 37 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.
You can search for Manchester area Homes For Sale by going to www.ScottSellsNH.com
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