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

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*)