MARKET UPDATE and Report for MANCHESTER NH for the First week of February 2012

The first week of February saw the Real Estate market in Manchester NH stay strong with 18 more closed than the week before. We are happy to report one of the best winters for selling Real Estate ever in 26 years in the business. Our market continues to strengthen as Closed Sales rise sharply. 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.

The "Key Fact" is that homes that are priced at or just below the market value, are selling rather quickly. The home that are staying on the market longer are the ones that are over priced or in need of a lot of work. Buyers are still finding great deals with the low prices and ultra low interest rates.

QUICK FACTS AND TRENDS

* Currently there are 465 properties for sale in MANCHESTER NH

* There were 40 new listings from Feb.1-7, 2012, That is 14 MORE than in Jan. 24-31 ,2012

*There were 18 properties put under contract from Feb.1-7, 2012, That is 4 LESS than in Jan. 24-31 ,2012

*There awere 10 properties that SOLD from Feb.1-7, 2012, That is 18 MORE than in Jan. 24-31 ,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 property.

Active Listings Feb.1-7, 2012
Count	465
Listing Price Total	$100,094,925
Listing Price Average	$215,258
Average Days on Market	142
Average Price Per Sqft	$419

New Listings Feb.1-7, 2012
Count	40
Listing Price Total	$8,163,100
Listing Price Average	$204,078

Pending Listings Feb.1-7, 2012

Count	18
Listing Price Total	$3,097,300
Listing Price Average Listing Price Total $1,518,700 Listing Price Average $151,870 Selling Price Total $1,418,899 Selling Price Average $141,890 List-to-Sell Variance 9,980 List-to-Sell Percent 93% Average Days 155	$172,072

Average Days on Market 69

Closed Listings Feb.1-7, 2012

Closed Listings Count 10 Listing Price Total $1,518,700 Listing Price Average $151,870 Selling Price Total $1,418,899 Selling Price Average $141,890 List-to-Sell Variance 9,980 List-to-Sell Percent 93% Average Days on Market 155

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*)