Christopher Bonta,Realtor/ Integrity and Honesty

Okay you sport fans out there, here is your chance to help out a worthy cause and possibly win a pair of tickets to a Celtics game for the 2008-2009 season!!!

The Masiello Group holds its annual Raffle, 100% of the proceeds goes to the Shepard's Pantry in Derry, in September and this year we have a pair of Celtics tickets up for grabs. The cost is $5.00 a ticket and we are selling them through October 15th, the drawing will be held on October 17th. If you are a Celtics fan, then don't miss out on this chance to get some tickets, you can contact me at 571-1466 to order your tickets or e-mail me at cbonta@masiello.com or respond to me here.

Many of you may not know about the Shepard's Pantry, it is a local food pantry that provides meals,cloths etc., to those in need in the greater Derry area. Besides holding the raffle we also do an annual yard sale in September to raise money for this worthy group.

I want to thank you in advance for your support.

This week the Town of Londonderry has launched their new web site bringing the Town into the 21st century. This new web site is great with a welcome center and an introduction to the Town by its Town Manager David Caron. It also supplies links for Community Service information, information about our Schools and even our Economic Developement.

I am very pleased with the new site, as should any member of our Town. This web site is a great way to introduce Londonderry to anyone who wishs to move here. If you are interested in checking the site or would like to get more information about our town you can click on the link www.londonderrynh.org and check out all that our Town has to offer!

The Town of Windham has been in the grip of a Buyers Market for well over two years now, and if you are selling your home you are painfully aware of this. As of recently though some good news is coming Windham's way. Before I go into stats and figures I want to explain what the term "absorption rate" means. When Realtors refer to the absorption rate for a Town or County,what we are talking about is the amount of time it will take for property currently on the market to be absorbed up (sold).

Historically, if the absorption rate being looked at is below "6" the market is viewed as being in a Sellers favor. This is because it will take under 6 months for a property to be sold, ideally a Sellers market occurs when the absorption rate is somewhere around 3-4 months or lower. The higher the absorption rate is the slower the market. Earlier this year I looked at the absorption rate for Windham and it was at 9.72, this meant that it was taking approximately 10 months for properties on the market to be absorbed (sold). Now though the most recent data on the market shows that Windham's absorption rate is down to 7.87 months. This decline of almost 2 months shows that property in the Town is starting to move and although we are still very much in a Buyers Market, our Town is on the right track. If you compare Windham to the overall County we are doing very well since Rockingham County's absorption rate is at 11.34 and is up from where it was earlier this year at 10.43.

If you are planning on Selling your home or would like any additional information regarding your property or current market conditions, please feel free to contact me I look forward to servicing your Real Estate needs.

If you are living in Rockingham County and trying to sell your home, then you have been well aware of the fact that Selling your home is not easy. The current market situation for Rockingham County is not good and has actually deteriorated since my last posting on the absorption rate for the County in June.

In June I posted a blog stating that the absorption rate for the County (the amount of time it will take the market to absorb the current inventory of homes) was at 10.43. Currently the absorption rate for Rockingham County is at 11.34,which is an almost 1% increase in absorption time. What this means for the average property owner in Rockingham County is this, it is taking even longer to sell your house now than it did 3 months ago. In June it was averaging 10.43 months and we are now seeing an average time of 11.34. This increase in the absorption rate means that as a County, Rockingham continues to be in a declining market and you can expect to see prices of properties continue to go down since market conditions have continued to deteriorate.

Unfortunately, this is not good news if you live in Rockingham County. If you have your property on the market, you need to be listening to your Realtor even more, since our market continues to move down. If you are thinking of Selling your home and would like more information regarding market conditions and your specific property, please feel free to contact me.

A few months ago I posted a blog regarding the absorption rate for the Town of Londonderry and I stated that through June Londonderry had an absorption rate of 6.5 months. This meant that Londonderry properties for sale were seeing an average market time of 6.5 months and based on historical statistics an absorption rate of approximately 6 months is not considered to be bad.

When a market is in a "Sellers Market" the absorption rate is below 6 months, somewhere around 2-3 months is a strong Sellers Market. If we are above the 6 month mark, then the market is considered to be in a "Buyers Market". Although Londonderry's current absorption rate is above the magic 6 month mark (currently holding at 6.6) it remains steady and has not moved higher up. This is continued good news for Londonderry residents, since this indicates that our market continues to be stronger than most Towns in Rockingham County.

If you are thinking of Selling your house and would like more information regarding your homes value and what is currently going on in the market, please feel free to contact me. I look forward to serving all your Real Estate needs.