MARKET UPDATE and Report for HOOKSETT NH for the 4th Week of January 2012

As the end of January approaches, winter has made only spotty appearances with our days warmer than average. It has made for some great viewing weather for homes. Last week we saw our first increase in new homes coming on the market which was offset be the increae in Sales. The new homes represent a lot of bank Owned homes that were Foreclosed after a long moratorium by Banks. Most Foreclsoures are on vacasnt homes and people who have not poaid for 1-2 years on average.

Our market continues to strengthen as Closed Sales remain steady. Showings of homes to new buyers has increased, pending sales coninue to rise. Relocation inquiries were up with both corporate and military relocations on the rise. In the winter weather plays havic with our stats. The one thing that shines is the people who are looking to see a home, are buying. new Listings that are clean and priced at or just under market value are going under contract within 1-2 weeks. As noticed this week with new Bank Owned Listing came on the market with over 20 showings, 11 offers and a lot of dissappointed people who tried to low ball learning an important lesson there is not time to waste if you fall in love with a home. As the amount of Listings decline and the amount of buyers is rising with the banks increasing their mortgage approvals, there will be more dissappointed buyers if they do not adjust to the storng market conditions. Alot of people ask what do market updates mean? Basically this is a snap shot form week to week. I wanted to take the stats and break them down for you. So sit down and enjoy them a please email me any questions on my report or buying or selling a home in New Hampshire.


QUICK FACTS AND TRENDS

* Currently there are 97 properties for sale in HOOKSETT NH

* There were 3 new listings from 1/14/2012 to 1/21/2012, That is 7 LESS than in 1/14/2012 to 1/21/2012

*There were 6 properties put under contract from 1/14/2012 to 1/21/2012, That is 3 LESS than in 1/14/2012 to 1/21/2012

* There were 2 properties that CLOSED from 1/14/2012 to 1/21/2012, That is 2 LESS than in 1/14/2012 to 1/21/2012

Statistics are from the NNEREN, although deemed tio be correct are subject to eroors or ommissions. The statistics include Residential, single fasmily, mobile homes, condominums and multy family homes. they do not include land or commercial propert

WHAT IS HOT?

Some of the hottest properties have been BANK OWNED HOMES. Cash Buyers are taking advantage of the homes coming on the market that often need too much work for the average buyer to get a mortgage on. As a Leading Listing Agent of Bank Owned Homes in NH i have seen a great opportunity for investors in 2012. If you are a cash Investor, please contact me to get on my "Pre marketing List" for new Foreclosures.

Active Listings Jan. 22-28, 2012
Active Listings Count 77 Listing Price Total $18,289,495 Listing Price Average $237,526 Average Days on Market 139 Average Price Per Sqft $123

New Listings Jan. 22-28, 2012
New Listings Count 3 Listing Price Total $244,700 Listing Price Average $81,567

Pending Listings Jan. 22-28, 2012
Pending Listings Count 6 Listing Price Total $1,419,400 Listing Price Average $236,567 Average Days on Market 112

Closed Listings Jan. 22-28, 2012
Closed Listings Count 2 Listing Price Total $499,800 Listing Price Average $249,900 Selling Price Total $533,100 Selling Price Average $266,550 List-to-Sell Variance -16,650 List-to-Sell Percent 107% Average Days on Market 245

IN CONCLUSION 2011 was definately the turning point in the Real Estate Recession here in NH. December was record breaking with amount of activity. Listing Inventory is down over 30%. Sales remain string and prices which have stabilized show small increases in some segments of the market

The amount of calls has remained strong for new property inquiries. With inventory actually down, now is a great time to sell before winter. The one trend is a switch to full time and full service Real Estate agents who provide full service as opposed to discount brokers who may provide a discounted type of service. If you need assistance in selling your property, please call on us first. We can get results!!!

For buyers now is indeed the time to act, a buyer can easily get pre-qualified for a mortgage at no cost by meeting with a local and trusted mortgage broker or bank.

We offer * FREE * BUYER REPRESENTANTION - ask us how we can help you buy a home here in New Hampshire. (*please contact us for details and conditions*)

New BANK OWNED LISTING at 72 TANGLEWOOD DR, HENNIKER NH

PRICED FOR A QUICK SALE AT $100,500

Situated on 1.18 Acres this Country home boasts 1586 SQ FT, a carport, 3 season porch, large living Room with a Fireplace, Family, finished lower level, wood stove, and private wooded back yard. Some new carpeting and paint.

Property is subject to prior sale and changes without notice. Sold "As Is". Prequalification letter required on all offers, Please allow 2-3 business days for seller response. The information although believed accurate, is not guaranteed.

WOODED YARD

Fireplaced Living Room

It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes a full time Local Agent who specializes in Listing homes like yours.

If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale whcih may be able to help you.

Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees. WE GET RESULTS!!!
If you need to sell a home in New Hampshire I can be that agent for you. I strive to provide the best personal and professional service through each step of the selling process.

We stand by you through every step in selling your home.

PLEASE SEE SOME OF MY MOST POPULAR BLOGS

1. TOP 5 TIPS For Buying a Bank Owned Home
2. TIPS AND ADVICE For buying a Short Sale
3. Should a Buyer Use more than 1 Agent to help then buy a home?
4. Can I Purchase a home that is in FORECLOSURE?
5. Are Buyers waging WAR on SELLERS?
6. Do you owe more than your house is worth?
7. Can a Listing Agent submit an offer to a Seller that is "TOO LOW?'
8. THE TOP 5 MYTHS about Todays; REAL ESTATE MARKET
9. THE TOP 5 WAYS to know if "NOW IS THE TIME TO BUY A HOME."
10. THE "SECRETS" to getting a SHORT SALE approved

Hooksett NH homes sold in December 2011

The statistics for Hooksett NH homes sold December 2011 are as follows. These statistics are for December 2011 vs the same period one year ago. (Data updated monthly to our site)

Hooksett NH homes sold

Inventory, down 19..2%

Home Sales, Up 66.7%

Pendings, up 71.4%

If you are looking to buy or sell Hooksett NH Homes, call the NH real estate experts today. Whether you are looking for Amherst Nh homes, Bedford NH properties, Hollis NH homes, Hooksett, Manchester, Merrimack NH real estate, Nashua NH real estate, Mont Vernon or New Boston NH real estate, Milford NH homes, Pelham, Windham or Salem homes or any property located in New Hampshire, call the Southern NH Realtors at Brin Realty Group today.

Call the Brin Realty team for all of your Hooksett NH property needs.

	Curnt vs. Prev Month	Curnt vs. Same Month 1 Yr Ago	Curnt vs. Same Qtr 1 Yr Ago
	Dec. 11	Nov. 11	% Change	Dec. 11	Dec. 10	% Change	Oct. 11 to Dec. 11	Oct. 10 to Dec. 10	% Change
For Sale	84	85	-1.2%	84	104	-19.2%	88	110	-20%
Sold	20	22	-9.1%	20	12	66.7%	20	12	66.7%
Pended	12	12	0%	12	7	71.4%	17	12	41.7%

Concord NH Homes Are More Affordable Today

Concord NH Homes Market Activity Report November 2011

Concord NH homes are more affordable today and here is the proof. We are looking at Concord NH homes and condos sold between January 1 and October 31 for the last four years. 292 Concord NH homes and condos were sold in 2008 at the beginning of The Great Recession and fell off 18% to a low of 240 homes sold through 2010 even though the now expired Federal Home Buyer Tax Credit was in effect. This is interesting to note because the Tax Credit is gone and the number of homes sold this year is up almost 16% from last year.

Why Have More Concord NH Homes Sold This Year?

Whereas the average sales price has tumbled 18% from 2008 to 2011, it is easy to see why. Median sales price is said to be a better indicator of where the market is headed because the median price is the price where 50% of the sales are above this price and 50% are below so median sales price is not skewed by one large sale or one small sale. Median sales price has dipped 19% over the same time period again telling us why more homes have sold this year. Looking at the average days on market, we can see that those homes were sold about two weeks sooner too.

Now I've Let The Cat Out Of The Bag!

The more people that see this report, the more people will know that there are some great deals out there. Here is the real reason more Concord NH homes and condos have sold. Interest rates are at their lowest levels in decades and with a 1/4 of 1 percent rise in the interest rate, purchase power goes down about $8,000. First time buyers are the driving factor of this market and move up buyers are getting it too. Move up buyers are little more conservative but realize that what they are giving up in terms of selling their homes at a discount to first time buyers they can more than make up for in the upgraded or larger home. If the market is down 18-19%, what they give up in their sale can be far less than what they can save on a deal today.

Here's The Down Side Of This Report

Concord NH homes are more affordable today but as the demand climbs, so will home prices. Here is a look at the 220+ available Concord NH homes and condos for sale today. => Concord NH Homes and Condos For Sale If you are tired of lining your landlord's pockets and would like to start building equity for yourself, you should hook up with a reputable realtor, get pre-approved for a mortgage, and start shopping for your piece of America. If you have been thinking you need more room for your family than your current home allows, you should be selling and looking for your next home. There has never been a better time to shop for real estate.

About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service". Marty works as a Buyer's Agent and a Listing Agent. Marty is also a building and renovation Contractor since 1988. As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed. As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet. Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.