It appears that our local Hospital (Parkland Medical) will now be providing additional medical services, in the form of Cancer treatments. Parkland Hospital has partnered with the Lahey Clinic to provide this service and patients living in our area will no longer have to travel to either Boston or Manchester in order to receive treatments.
This improved medical service is a great boost for the local Rockingham County area and its residents and is another example of why it is great to live in Rockingham County!
All residents in Londonderry have something to be proud of, since our High School has been named as the best High School for this year. James Elefante has been principal their for approximately 4years and is retiring in June, after decades of service to Londonderry, he formerly was principal at Mathew Thorton Elementary.
The naming of Londonderry High as the best in New Hampshire is an award that everyone from the Town Council, School Board and especially the residents of Londonderry can be proud of.
Rockingham County appears to still be in the grips of a strong Buyers Market. I say this because I just finished calculating the absorbtion rate for the County (using properties between $100,000 and $900,000). Last year there were 3,603 properties sold (residential/condo) giving the County a per month sold rate of 300 for 2007. Currently their are 3,129 properties on the market for sale, when you divide the current amount of properties on the market (3,129) by last years per month total of 300, the absorption rate comes out to 10.43 months.
This rate of 10.43 means that it will take approximately 10.43 months for the market to absorb the current inventory of listings. The general rule of thumb when looking at absorption rates is that when the absorption rate is above 6 you are in a Buyers Market, when it is below 6 you are moving towards a Sellers Market.
Rockingham County's current absorption rate of 10.43, shows that as a County we are still strongly in a Buyers Market. Different Towns will reflect different absorption rates, for example Londonderry's rate is at 6.5 and Windham's rate is at 9.72.
Buyers/Sellers should view these numbers with great interest, since for the Buyer it is indicating that it remains their market and a great time to buy, while for Sellers it is indicating that pricing is key to marketing and successfully selling their home.
The news for Londonderry home owners trying to sell their houses, or thinking of selling their homes appears to be getting better. Today I calculated the absorption rate for Residential and Condominum properties in the Town. The absorption rate is a simple calculation to determine how long it will take the market to absorb the current amount of inventory that is for sale.
Inorder to calculate the absorbtion rate you take the total amount of solds for Residential and Condo's last year (344), and divide this by 12 to get a per month sold amount of 28.67. Then take the amount of Residential and Condo's that are activily on the market (189 listings) and divide this by the per month sold figure from 2007:
189 Current Listings divided by 28.67 solds per month = 6.5 months absorbtion rate.
The absorption rate of 6.5 months means that at this current time it will take approximately 6.5 months for the current market to absorb the listings that are currently on. When looking at absorbtion rates the general rule of thumb is that if the absorbtion rate is above 6 months, you are in a Buyers Market. If the number is below 6 months you are moving towards a Sellers Market. This current number of 6.5 means were still in a Buyers Market in Londonderry, but we are doing much better.
Inorder to put Londonderry's current market situation into perspective, currently the Town of Windham has a 9.72 absorption rate and Rockingham County's absorption rate is at 10.43. Sellers in Londonderry should take a lot of comfort in this number, since it shows that compared to the County we are doing fairly well.
**Absorption Rate figures based off of properties between $100,000 - $900,000**
Each year RIS Media, one of Real Estates leading news media and information sources publishes its "Power Brokers Report". They List in this report the top 500 Real Estate Companies in the United States. This year The Masiello Group was ranked as the 87th largest Real Estate Agency in the Country for both closed sales and closed units.
This is quite an accomplishment for a company that originates in Keene New Hampshire and covers the States of New Hampshire, Southern Maine and Eastern Vermont, not your most populated States. If you, your family or friends have any Real Estate needs why not contact one of the leading Agencies in the country The Masiello Group.
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I have Over 10 yrs of Residential Real Estate experience, I work with Buyers and Sellers to meet their needs, I cover 1hr from Londonderry including NMass. I am active within my town & board.
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