Hudson, NH Real Estate Update

Single Family Homes – Hudson, NH October statistics indicate that there were 77 active listings with an average list price of $301,208.  These homes have been on the market for 157 days.  14 homes are under contract and they were on the market for 110 days at an average list price of $238,414.  Sales pending average sales prices are 20% less than the current listings which continues to support the trend of activity at the lower end of the market.

There have been 127 homes sold in 2009 at an average selling price of $269,437.  This is a slight decrease in value of -3% as compared to 2008 activity.  The average days- on-market was 103 and the list-to-sell ratio was 97%.  In 2008, there were 131 transactions with a DOM of 90.  Number of units sold and average sales prices indicate stabilization in the market.

Condominiums – 69 condos were on the market with an average list price of $222,699 and a DOM of 204.  Only 6 sales were pending and the asking prices were $195,250 with days on market of 160.  Condominium activity continues to lag behind single family homes as better financing and affordability provide potential buyers with more options.  Hudson foreclosures continue to impact the market and the average sales prices.

There have been 70 condos sold in 2009 with an average sales price of $184,642.  Property values have dropped to a level whereby it is financially beneficial to own instead of renting.  The total monthly payment for a unit is approximately $1000 per month with 100% financing and the tax benefits provided for ownership.

Information reported was obtained from the NH MLS system and is not guaranteed to be accurate and does not represent all properties sold (FSBO sales are not included).

Single family homes comprise 14% of residential dwellings sold in Cambridge in 2009 (as of October 31).  88 homes sold with an average sales price of $1,072,790 which reflects a decline of -5% as compared to 2008.  The average days on market were 86 and the list to sell ratio was 97%.

Activity during the third quarter show 41 units sold with lower prices and interest rates contributing to the increased activity.

Three Year Trend

2009 YTD (10/31)

Information is compiled from MLSPin, the statewide MLS in Massachusetts and is not guaranteed to be accurate.  This report does not include sales outside the MLS.

Amherst, NH Market Activity

The following search tools will allow you direct access to all listings in the New Hampshire MLS system.  To facilitate your search we offer the following services for Amherst, NH.

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4. Amherst NH Homes for Sale – Map Search – Search by location, neighborhood and commuting.

Year to Date Activity for single family homes as reported through the NNEREN MLS on September 30, 2009.

Homes sold – 87 closed listings – same as last year.

Average selling price – $346,763 – a decline of 8.5% compared to 2008.

List-to-sell % – 96%

Average days on market – 153 – increase of 23%

Amherst YTD (9/30/2009)

YTD (9/30/20090

 Information reported was obtained through the NNEREN mls system and is not necessarily accurate or a complete representation of all homes sold in Amherst, NH during the 01/01/2009-9/30/2009 time frame.

 Manchester New Hampshire Homes and Condominium Sales – 2009 YTD

   Single family homes average sales prices are down 10% as compared to 2008.  This a 20% decline in value since 2007.  The number of homes sold is the same and the days-on-market dropped slightly to 88 days. 

 The number of homes sold is the same and the days-on-market dropped slightly to 88 days. 

The number of condominiums sold has dropped 20% as compared to 2008.  Single family homes are competing with condominiums due to lower prices and more desirable financing.  The average sales price has declined from $166,732 to $141,929 and mirrors single family homes 20% drop as compared to 2007. The list-to-sell ratio remains constant at 98%.  The DOM dropped from 156 to 127.