After the economic crisis that the country has experienced over the last several years, and the subsequent decline of the real estate market, 2012 is proving to be a record-breaking year on multiple fronts, giving us some of the highest numbers we've seen since 2006. Over the first six months of 2012, an encouraging trend emerged as far as New Hampshire real estate residential sales are concerned, with six consecutive months of double-digit percentage increases in residential unit sales compared to 2011.
You can take a look back at New Hampshire Real Estate 2nd Quarter Market Data. But here’s a look at the third quarter market data for New Hampshire real estate provided by the New Hampshire Association of REALTORS® (NHAR), and we think you’ll be pleased with the results.
July 2012 New Hampshire Market Data:
July followed the emerging trend this year with a 20% increase in residential unit sales in the state compared to the same month last year, which brought a consistent 20% increase to the year-to-date sales over January-July of 2011.
Moreover, the median price of residential sales was within $1,000, just 0.5%, of the median price in July of last year, “‘further evidence, according to NHAR, that values are stabilizing,’” reported David Cummings in the NHAR July 2012 Data Press Release.
For the local market, Sullivan County showed a 17% increase in unit sales compared to July 2011, while Grafton County dipped down 8% July 2012 compared to July of the previous year.
Although residential sales in Grafton County were down this month compared to July of 2011, its year-to-date sales showed an increase of 22%. Sullivan County displayed a 17% increase in both the month of July, compared to July 2011, and its year-to-date sales.
Grafton County experienced an 18% increase in condominium sales this July compared to the same month last year, making its year-to-date sales total 4% more than this time last year. While Sullivan County’s July condominium sales were down from July 2011, its year-to-date condominium sales remained 46% higher than 2011.
All 10 New Hampshire counties showed positive double-digit percentage increases in year-to-date residential unit sales for the first seven months of 2012.
August 2012 New Hampshire Market Data:
The market continued its upward climb in August 2012 with statewide residential home unit sales showing a 22% increase compared to August 2011. That was the eighth consecutive month of New Hampshire’s residential unit sales being at least 15% more than the corresponding months in 2011, which now brings the year-to-date total to 21% greater than January-August 2011.
For the first time this year, the month’s median sale price for New Hampshire residential sales was even with that of the same month last year. “‘...[I]t is fair to say that this improved median price trend is not surprising, considering the sales numbers we’ve been witnessing this year,’ said NHAR President John Rice” in the NHAR August 2012 Data Press Release.
All 10 New Hampshire counties saw unit sales increases in August 2012 compared to August 2011.
Residential sales in Sullivan County were up 41% this August from last August, and Grafton County residential sales were up 9% from last August. Year-to-date sales remained positive for both Grafton and Sullivan Counties, 20% and 21% respectively. In addition, year-to-date condominium sales showed an increase of 12% in Grafton County and 25% in Sullivan County.
September 2012 New Hampshire Market Data:
In September 2012, although the percentage of statewide year-to-date residential unit sales remained increased by double digits compared to 2011, the month’s residential unit sales was increased by a single digit 8% compared to September 2011. Although that is the smallest percentage increase over one month that New Hampshire has seen this year, an overall 19% increase in year-to-date sales for 2012 is still promising. View NHAR September 2012 Market Data.
Sullivan County residential unit sales dropped 11% in September 2012 compared to September 2011, while Grafton County experienced an 11% increase. All 10 New Hampshire counties showed positive year-to-date residential unit sales for the first nine months of 2012 compared to 2011, ranging from 15% in Rockingham County to 26% in Cheshire County.
Furthermore, while the year-to-date median sale price for New Hampshire remained down compared to 2011, September 2012 marked the first month this year in which the state’s median sale price for the month was greater than that of the same month last year. This brought the year-to-date median sale price margin up from -4% to -2% in just one month.
Our Local Real Estate Market
Let's take a closer look at our local market data. These are the year-to-date (January through September) residential home and condo unit sales numbers for three local New Hampshire towns, showing that from the state, to its counties, to local towns, we are seeing positive increases in sales this year:
Residential Home & Condo Sales Jan-Sept
(NNEREN MLS data, 7 Nov, 2012)
As summed up by Peter Francese in his article on October 25, 2012 entitled NH housing market recovery is gradual but firmly upward, “Based on the first nine months, New Hampshire REALTORS are on track to sell 2,000 more homes in 2012 than they did in 2011. That will mean $500 million more sales volume this year compared to last year, just in residential sales.”
If you are encouraged by these statistics and are ready to buy or sell your New Hampshire real estate, find a qualified REALTOR® at CG Shepherd Realty, LLC to guide you through the process.
CG Shepherd Realty, LLC: Serving the Dartmouth-Lake Sunapee and Upper Valley Regions, Eastman, & Vermont Real Estate Buying & Selling Needs for Over 24 Years.
Through the first quarter of 2012, we saw consistency in the real estate sales data for the state of New Hampshire. Each month, the state has experience double-digit percent gains in unit sales compared to the same months of the preceding year. As we’ll see here in the second quarter, June has been the sixth consecutive month of this trend. Let’s take a look back at the 2nd quarter data provided by the New Hampshire Association of Realtors®(NHAR):
New Hampshire home sales in April 2012 were the highest since 2006 with a 21% increase from April of last year. Median price, however, was down by 5% in April 2012 compared to April 2011. April-only sales increased in Grafton County by 44%. Although median price for the month decreased in Grafton County, Sullivan County experienced a 17% increase.
"For those of us looking for sustained improvement, this truly feels like a time for optimism," said NHAR President John Rice in the NHAR April Press Release.
May 2012 concluded with the even greater increase in New Hampshire residential home sales of 28% compared to May 2011 and a 21% increase in year to date sales from the first five months of last year. May-only sales increased in all 10 New Hampshire counties including 26% in Grafton County and 6% in Sullivan County. Both Grafton (7%) and Sullivan (10%) counties saw an increase in median price for the month of May as well.
'Where in the past we’ve been merely hopeful that things would start to turn, now we appear to have substance to justify that hope,” said John Rice in the NHAR May Press Release. “These are very, very solid numbers in the context of where we’ve been in recent years."
The state’s home sales showed yet another double-digit increase in June 2012 by 18% compared to June 2011. Again in June, median price increased in both Sullivan County (15%) and in Grafton County (5%) compared to June of last year.
Year to date residential sales for the entire state showed an increase of 20% compared to the first six months of 2011. From January through June, each month has reported an increase in home sales resulting in 5,775 total home sales this year in New Hampshire.
Grafton County has experienced a 32% increase in year to date residential sales but a median price decline of 3%, whereas Sullivan County has seen an increase in both sales (17%) and median price (2%) year to date in 2012. Home sales are not the only type of property sales showing improvement either. Sullivan County has also experienced a whopping 75% increase in condominium sales from January through June of this year compared to the same months of 2011.
According to residential home and condo sales data recorded by the Northern New England Real Estate Network (NNEREN) Multiple Listing System (MLS), these are the January 2012 through June 2012 sales numbers for some local towns:
Residential Home & Condo Sales
(NNEREN MLS data, 29 Aug, 2012)
As supply and demand continues its natural course, the numbers show that the market is gradually working it’s way back from being the predominate buyers’ market of the last five years to a balance.
"We are continuing to see more and more examples of multiple offers on properties," Rice noted in the NHAR June Press Release. "Sellers are beginning to regain some of the leverage that buyers have enjoyed for the last five or six years."
We at CG Shepherd Realty, LLC are excited for this trend and look forward to what is to come in the next quarter. If you are encouraged by these statistics and are ready to buy or sell real estate, find a qualified Realtor® to work with at CG Shepherd Realty, LLC.
CG Shepherd Realty, LLC: Serving the Dartmouth-Lake Sunapee and Upper Valley Regions, Eastman & Vermont Real Estate Buying & Selling Needs for over 20 years.
New Hampshire real estate market data for the 1st quarter was recently released by both the New Hampshire Association of Realtors® (NHAR), as well as national market data from the National Association of Realtors® (NAR). Despite small decreases in March sales, overall the real estate market, both locally and nationally, continue to improve and the conditions remaining ripe for buyers.
NAR recently released statistics that existing-home sales (completed transactions that include single-family homes, townhomes, condominiums and co-ops) in the Northeast dipped 1.7% in March compared to the previous month, but those sales numbers are still 5.5% higher than they were in March 2011. (NAR News)
This was reiterated by NHAR, who released that first quarter residential home sales for NH were 17% above that of 2011 and, with record-breaking months in January and February of this year, the highest 1st quarter numbers they have seen since 2007. (NHAR eNews)
Home sales increased by double digits in nine of New Hampshire's 10 counties, with Merrimack rising 6%. However, the median home selling price declined in every county except for Merrimack and Coos. (NHAR eNews)
Some newer statistics available reveal that "out-of-state buyers purchased 22% of New Hampshire's home sales." (NHAR eNews) Carroll County saw 44% out-of-state buyers, Grafton saw 36%, and Rockingham 25%. Additionally, more than 22% of New Hampshire's home sales were second homes.
Whether in-state or out-of-state buyers, or first or second homes, the overall New Hampshire home sales projections for 2012 are looking very promising.
Contact CG Shepherd Realty, LLC to find out more specific market statistics for your community.
CG Shepherd Realty, LLC: Serving New Hampshire's Dartmouth-Lake Sunapee & Upper Valley Regions, Eastman, and Vermont's Real Estate Buying & Selling Needs for Over 20 Years.
Flavors of the Valley is the Upper Valley's premier tasting, informational, and buying event for locally grown foods. Organized by Valley Food & Farm, a program of Vital Communities for the greater Upper Valley Region of New Hampshire and Vermont, this annual event showcases local food and farm products of the Upper Valley (Flavors of the Valley). Dozens of local farmers and chefs answer questions about their products, including meats, produce, maple, dairy, baked goods, and prepared foods.
During this year's Flavors of the Valley on April 15, 2012 from 11am-3pm at Hartford High School in White River Junction VT, over 50 farm, restaurant, nonprofit, and retail vendors will provide you with scrumptious samples and offer products for sale, such as plant starts, produce, value added products, and CSA farm shares (Grantham NH News and Events, Lorie McClory, 3/30/12). View this year's list of vendors. The cost is $8 per person; children 6 and younger get in FREE; $25 maximum per family. Bring your own plate, cup, and napkin for sampling the delicious locally grown foods, and don't forget your checkbook or cash for purchases as well as a reusable shopping bag or cooler to take your goodies home with you!
Valley Food & Farm continues to carry out its mission to "foster the relationships that make agriculture a vital part of daily community life" in concrete and practical ways by helping people find farmers and local farm products and promoting local agriculture through marketing efforts and special events like Flavors of the Valley (About Valley Food & Farm). Flavors of the Valley has been an integral part of this mission since the annual event began in 2002.
Last year, there were around 1,000 people who attended the Flavors of the Valley event. So whether you're a chef, gardener, consumer, wholesale or retail buyer, come be a part of Flavors of the Valley 2012 at Hartford High School in White River Junction VT.
This is just one of the amazing offerings of the Upper Valley Region of New Hampshire and Vermont. If you're interested in being a part of a community that appreciates local farmers and food products, search for New Hamshire homes for sale or Vermont homes for sale at sheprealty.com to find your home in the Upper Valley.
CG Shepherd Realty, LLC: Serving New Hampshire's Dartmouth-Lake Sunapee & Upper Valley Regions, Eastman, and Vermont's Real Estate Buying and Selling Needs for Over 20 Years.
(image courtesy of Valley Food & Farm)
As homeowners, there are preventative measures we can take to mitigate damage to our New Hampshire homes. "Each year, sewer and drain backups cause millions of dollars in damages…Waste water normally backs up through bathrooms, kitchens, laundry rooms, floor drains and sump pump holes" (MMG Insurance, Spring 2012 Newsletter). There is nothing pleasant about waste water backup. Although our New Hampshire homes could be susceptible to water backup and sump pump overflow, I think we can agree that we want to do all we can to avoid finding ourselves in this messy situation.
Here are 7 Tips to Prevent Waste Water Backup courtesy of MMG Insurance from their Spring 2012 Newsletter:
Make sure your drainage system is working properly.
Seal all foundation cracks to prevent surface water from entering the basement.
Gutters & downspouts should extend at least 10' from the foundation.
Lawns and driveways should slope away from the home.
Backflow inhibitors installed on drain lines can stop the backflow of sewage and waste water.
Sump pumps should not be connected to the home's sewage or drain lines.
Use a sump pump that can also be operated by battery backup or generator.
Bonus Tip: Check your perimeter drains to make sure they are free of tree roots and animal nests each year, and do not block the ends of drains.
If backup occurs, proper precautions need to be taken if you are cleaning it up yourself. If the backup is extensive or beyond your control, you should contact a water clean-up expert who is trained to deal with this issue.
Here are some tips for proper precautions before cleaning up:
Put on gloves, eye protection and face masks to protect against pathogens.
Disinfect all surfaces, washing your hands frequently.
Properly ventilate and dry the exposed areas by using floor fans, air scrubbers and dehumidifiers.
Hopefully, these tips and regular monitoring and maintenance of your home's drainage system can prevent your home from a water backup or sump pump overflow disaster.
CG Shepherd Realty, LLC: Serving New Hampshire's Dartmouth-Lake Sunapee and Upper Valley Regions, Eastman, & Vermont's Real Estate Buying and Selling Needs for Over 20 Years.
(image courtesy of Diy Plumbing & Drain
For the third consecutive year, January residential unit sales in New Hampshire increased from the prior January. According to recently released MLS data by the New Hampshire Association of Realtors (NHAR), the 656 single family homes sold in the Granite State in January 2012 showed a 20% increase from 549 homes sold in January 2011. The median price of those homes, meanwhile, continued to lag slightly behind, having dropped 4% from $207,000 in January 2011 to $198,500 in January 2012.
"Although it's human nature to look for that one defining month that signals to everyone that the recovering in the housing market is afoot, that's just not the nature of this economy," said NHAR President John Rice, a 40-year veteran of the real estate industry. "As we continue to hear from economists, we're probably in the early stages of a slow upward climb." Rice said he was encouraged by the fact that the 656 January sales were the most since 2007, but he pointed out that this mild winter, particularly compared to last year's frigid and snow-caked January, has likely played a role in the up tick.
"We're happy to report positive news in terms of the market, but we also need to be clear about the context," Rice said," and right now the context is that we've had positive conditions compared to last year."
The drop in the median price continues to be influenced by the foreclosure market. The New Hampshire Housing Finance Authority reported 368 foreclosure deeds recorded in December 2011, the highest December number since NHHFA began its reporting in 2005.
In terms of local markets, eight of the state's 10 counties saw unit sales increases in January compared to a year ago, including a 108% jump in Sullivan County, 45% jump in Belknap County and 36% in both Cheshire and Rockingham counties, and a 13% jump in Grafton County. Median price, meanwhile, saw increases in four of 10 counties, the largest of those being 22% in Coos County.
Grafton County also saw an increase of 27% in condo sales this January and a 54% increase in median sales price compared to January 2011.
Here are some local statistics from the Northern New England Real Estate Network MLS regarding changes in residential unit sales from January 2011 to January 2012: both Lebanon NH and Sunapee NH residential sales increased by 300%, Grantham NH showed an increase of 67%, and Hanover was down 33%.
With inventory still relatively high, interest rates low and prices competitive, Rice said he would not be surprised to see an excellent spring in terms of sales. "No predictions, but the market is certainly ripe for continued increase in activity," he said. "Those looking to buy a home have excellent opportunities right now." (Information provided by Dave Cummings, NHAR Director of Communications, Press Release, 23 February, 2012)
So take advantage of these great buyer opportunities and contact CG Shepherd Realty, LLC to talk to one of our qualified REALTORS® or begin your search for New Hampshire homes for sale on our website.
CG Shepherd Realty, LLC: Serving New Hampshire's Dartmouth-Lake Sunapee and Upper Valley Regions, Eastman & Vermont Real Estate Buying and Selling Needs for over 20 years.
Spring has sprung and there are many local Grantham NH events popping up throughout the next couple of weeks. Some for youth, some for adults, and some for sweet-tooth's of all ages! From brain-busting trivia to the artistic stylings of jazz, Grantham NH community is chock full of things to do. Here are some events courtesy of Lori McClory with the Grantham News on 3/16/12:
Parents can register children for the following two youth events between 7:30 and 8:15 a.m. on March 19-23 in the Grantham Village School gym or after school March 27 in the gym foyer.
Kids’ Learn to Knit class: Youth between 9 and 12 years of age are welcome to the free Learn to Knit class being held Thursday March 29th and April 12th in the Grantham Village School library. No experience or supplies necessary.
Dodgeball Socials: A new youth dodgeball social program will be held Tuesdays in April from 3 to 4 p.m. in the school gym. The game is free and just for the fun of it.
Girl Scout Cookies March 24th: The Grantham Brownie Girl Scout Troop #42060 will sell Girl Scout Cookies for $3.50 per box from 10:30 a.m. to 2:30 p.m. Saturday, March 24th at Grantham Pizza Chef. If you want to support the Girl Scouts without consuming the cookies, you can purchase boxes to donate to the U.S. Troops or the Grantham Food Pantry.
Trivia night March 24th: The last Bistro Brain Busters Trivia Night of the season will begin at 6:30 p.m. Saturday, March 24th at The Center at Eastman. Teams of 2 to 6 players come for a free night of friendly competition with hostess Kathy Pomer and her team of triviologists. Register in advance at 863-8000. Cash bar and bistro menu available.
Next JOSA (Jazz on a Sunday Afternoon)March 25th: Trumpeter and vocalist Christine Fawson performs during Jazz On a Sunday Afternoon beginning at 4 p.m. Sunday, March 25 at The Center at Eastman. Tickets are $18 for adults and $16 for seniors and students. Reservations at 763-8732; day of show after 2 p.m. call 863-8000. Sit-in musicians welcome and enjoy reduced ticket price. For more information, visit www.josajazz.com. A la carte menu and full bar service available from Bistro Nouveau during the show.
Find more Grantham NH news and events at Lake Sunapee Region, NH Local News and Information.
If you want to become part of this active, close-knit community, contact CG Shepherd Realty, LLC to learn more about all of the wonderful amenities that Grantham NH has to offer.
CG Shepherd Realty, LLC: Serving the Dartmouth-Lake Sunapee and Upper Valley Regions, Eastman & Vermont Real Estate Buying & Selling Needs for over 20 years.
(Image courtesy of EastmanNH.org)
Grantham NH was featured in this month's issue of the New Hampshire To-Do magazine! The March 2012 issue includes a town spotlight on Grantham NH with a nice four-page article on Grantham and an additional two-page spread just on the Eastman NH community. This article, written by the magazine's editor himself, Daron H. Libby, provides an out-of-towner's perspective of this friendly, close-knit community, and I think you'll find that Grantham and its residents give off a very positive vibe.
The article brings attention to many of the local businesses on Route 10 in Grantham NH, including Closet Treasures, Pizza Chef, Sugar River Flooring and Greenwood Kitchens and Bath and, of course, CG Shepherd Realty, LLC. Shepherd Realty received a great mention on page 58. It also explores the history of Grantham, eateries, shops, and the amenities of Eastman NH.
For those of us who live in Grantham NH, we know what a treasure this community is nestled in the Green Mountains along the Sugar River, but it's great to see that others are recognizing the features of Grantham that make it a desirable community in which to live, and we appreciate New Hampshire To-Do magazine wanting to capture the essence of Grantham NH for their readers.
View page 1 of the Discovering Grantham NH article. If you're interested in viewing the full article, stop by CG Shepherd Realty, LLC on Route 10 in Grantham NH or at our new Lebanon branch office just off I-89 exit 18 to pick up a copy of the March issue on us! You can also find the magazine for sale at a number of newsstands in New Hampshire and around New England.
If you want to know more about Grantham NH, a bedroom community of Hanover NH, rated the #6 best place to live in CNN Money Magazine in 2011, contact CG Shepherd Realty, LLC. Our team of qualified Realtors® are extremely knowledgeable of this community.
CG Shepherd Realty, LLC: Serving New Hampshire's Dartmouth-Lake Sunapee Region, the Upper Valley, Eastman & Vermont's Real Estate Buying & Selling Needs.
(Image provided by CG Shepherd Realty, LLC)
New Hampshire seasonal homes are a great asset, providing a summer getaway or vacation retreat for their owners. But they can also be a liability if they are not properly maintained, especially during the New England winter months. Winter temperatures, snow and ice can be damaging to your seasonal home, but there are preventative steps you can take to ensure that your New Hampshire seasonal home remains damage-free this winter.
Here are 9 Tips to Prevent Winter Damage courtesy of MMG Insurance from their Fall 2011 Newsletter:
1. Maintain the heat between 55-60 degrees
2. Install a temperature monitor. A battery-powered monitor can notify you if the temperature falls below a safe level.
3. Make sure pipes are properly insulated. Extremely cold temperatures can freeze water in the pipes, which can cause a plethora of issues.
4. Drain water heater and pipes, if the home will be unoccupied for a longer period of time. Once everything is flushed, double check that the main water line to the property has been shut off.
5. Remove any fire hazards. Discard loose papers, old rags or chemicals. Turn off all utilities and unplug all appliances.
6. Inspect the roof and replace missing or broken shingles to prevent leaks.
7. Trim overhanging or dead branches. Weight from ice and snow can cause branches to snap and potentially result in damage to your property.
8. Remove snow from your roof and decks. If there is a heavy amount of snowfall, arrange to have the snow removed to prevent ice backup and snow load issues.
9. Check on your property periodically. If you are unable to do so yourself, ask a trusted neighbor or hire a property management company to check on your home.
Find more Tips for Snow and Ice Removal Safety.
Although this is not one of New Hampshire's harshest winters, drastic fluctuations in temperatures and a cycle of freezing and thawing is just as dangerous for an unoccupied residence. So keep your New Hampshire seasonal homes safe and ready for your return.
CG Shepherd Realty, LLC: Serving New Hampshire's Dartmouth-Lake Sunapee Region, Upper Valley, Eastman & Vermont's Real Estate Buying and Selling Needs.
The Grantham Historical Society, established in 1992, is in charge of archiving the history of Grantham NH, and there is an abundance of history to be discovered about a town that just celebrated 250 years.
The Grantham Historical Society publishes quarterly newsletters to inform Grantham NH residents and others interested of new information found by GHS and stories about the town. Their most recent newsletter contains an article about a search for the gravesites of the original settlers of the town. The names of 25 men are recorded in A History of Cheshire and Sullivan Counties, written by Lorenzo Dunbar, as the first settlers to come to western Grantham. (Pat Andrews, Grantham Historical Society Newsletter, Winter 2011-2012 Newsletter)
Though the town has grown considerably since its beginnings in 1761, especially since the addition of the interstate, Grantham NH remains a quaint New England town with a consistent sense of community. Nestled in the Sugar River Valley with beautiful views of the Green Mountains, Grantham NH boasts easy access to I-89 and the rest of the Upper Valley and outdoor recreational opportunities year-round.
To search for homes in Grantham NH, contact CG Shepherd Realty LLC.
CG Shepherd Realty LLC - serving the Upper Valley, New Hampshire's Dartmouth-Lake Sunapee Region, Eastman and Vermont's real estate buying and selling needs.