Scott Strang

Pawtuckaway Lake waterfront homes had 7 sales so far in 2011, compared to 5 sales in all of 2010.

From this data we can see sales price and average price is down, sales volume and # of transactions are up. Values are not as high but there are more transactions happening this is a good indicator of the beggining of a recovering market. With the historic inflated gains that were seen in the 2000-2006 years it is more of a market correction.

This is a link of the Pawtuckaway Lake Waterfront Homes sold in 2011

This is a link of the Pawtuckaway Lake Waterfront Homes sold in 2010

***** all data obtained is from NNEREN***** these numbers are not from public records and will not include private party sales******

Veterans and active members of the military thank you for your service.

The tax credit has been extended for Veterans that were deployed during last years tax credit. This is the link to the IRS for the home buyer tax credit extension for members of the military deployed during last years home buyers tax credit.

The link above will give you very specific information. Some basic quialifications for this credit are:

1. Must have been out of the country on qualified official extended duty service for a min of 90 days between 12/31/08 and 05/01/2010
2. Must be under agreement/ under contract by 04/30/2011 and close by 06/30/2011
3. Must be a first time buyer or have not owned a primary residence within the last 3 years.
   
4. Purchase price can not exceed 800k
5. Single tax filer can not make more than 125k, joint filers 225k
6. Tax Credit is either $6500 or $8000 depending on when you were depolyed.
   

60 Days is plenty of time to close a VA loan. I have experienced loan officers that I work with that can close them in 30 days. VA loans have no PMI and you can still do 100% financing.

Please support our veterans who sacrrafice for us everyday. Donate to Intrepid Fallen Heros Fund for men and women who served in Iraq and Afghanistan and suffer from post traumatic stress disorder and traumatic brain injury.

Portsmounth NH Condo Market Report

Portsmouth NH Condos have shown increases in both median sales prices as well as average sales prices. This is remarkable when compared to many other towns and cities in the granite state. Units sold is on the rise as 66 condos sold in 2010 is through 06/30/2010. Portsmouth NH is on pace for 132 units sold for year 2010. The indicators are all positive as we are at the mid point of 2010. Buyer incentives like historically low interest rates and a tax credit through 06-30-2010 have certainly helped. 3rd and 4th quarter of 2010 should tell us much more about the impact of the tax credit.

Please note that in 2010 66 Condos have sold through 06-30-2010,

on pace for 132 for the year.

(Source for this information is NNEREN)

Celebrate the United Sates of America's 234th Birthday on Sunday July 4th, 2010.  In Tyngsboro MA you will have a few options to view 4th of July Fireworks Displays.

The 2 closest options are in the following bordering towns: 

Hollman Stadium in Nashua NH starting at 9PM Sunday July 4th 2010

(this video is of the grand finale at Hollman Stadium in 2008) or

in Lowell Massachusetts at the Vandenburg Esplinade  staring at 9PM Monday July 5th 2010

Firework displays in Massachusetts

Fireworks displays and Parades in New Hampshire

I have had nothing but great experiences in dealing with 1 bedroom East Ridge Condos Merrimack NH. I sold 2 units in the past year both as a buyers agent and as a listing agent. They are very afforable nice units that have held values well in the past 5 years

Here are the numbers:

you can buy one for about $85,000 the scenario below shows FHA 3.5% down, these condos are FHA/ VA approved.

principal and interest $ 440.33

condo fee $ 181.00

taxes $ 150.00

pmi (est) $ 90.00

total = $ 861.33

You would be hard pressed to find an apartment for this price per month.

They 1 bedroom East Ridge condos Merrimack NH are great units for a number of reasons.

1) all units have private front entrances and a walk out slider to back yard area.

2) all units have central air and efficient heat pump.

3) all units have a washer and dryer in the unit.

4) association allows to have virtually any size dog.

5) Many financing options such as FHA / VA as these units have a high owner occupancy ratios offering low down payment as low as 0% down or 3.5% down.

6) They have a pool and tennis court

7) Low condo fees.

8) Just seconds from rte 3 exit 11

Most importantly, they hold their value. This winter I sold a 1 bedroom unit that was purchased in the peak of 2005 and we then re sold in the dead of winter of 2010 for 5% less than what she had paid in 2005. This is unheard of, some complexes have lost 18-35% in this same time frame.

For more info on East Ridge condos or to get on my MLS property finder that sends updates on listings like these and many others please contact me or click on the link.