About Grantham's Eastman

I'm going to take a look back on the last THREE years of the Eastman Real Estate market. Just so you know it's really not that bad.

Briefly, 2008 started out quite nicely and we were ahead of last years sales through the first half of the year. Then the financial crisis hit in September and really slowed things down. Below are some total sales figures and median prices based on data from our Multiple Listing Service (MLS)

• 2006- 70 home sales, median price $273,000

• 2007- 55 home sales, median price $268,000

• 2008- 39 home sales, median price $267,250

As you can see, the volume or number of sales has declined by a significant amount but the median price is only down $5750.

Considering the market has been in a down trend for about three years, the median price has help up very well.

Taking a look at condos, things are a little different.

• 2006- 13 condo sales, median price $235,000

• 2007- 16 condo sales, median price $244,500

• 2008- 19 condo sales, median price $229,000

With less volume the median price fluctuates more, but if you look at 06' compared to 08' the median price is down $6000 very much in line with our home sales. The strength in 07' comes from two units selling for $370,000 and a total of four units over $300,000. In 08' there was one, in 06' there were three units selling over $300,000

If you would like more information on Eastman or any other town, please feel free to email or call me any time. I would be happy to answer any questions you might have. My web site, direct line and email are below:

www.jeffadie.com 603-863-7537 jeff@cbredpath.com

With the lousy weather and Thanksgiving last week there wasn't a lot of noticeable change for a Friday update.

Today however there was something to see. Trusses are being set, walls are going up and concrete is still being poured as the weather has turned warmer. At least for a few days.....

If you look close at the bottom of the trusses, it appears that there will be exposing some of that wood to give the ceiling a wood beam effect. It is hard to tell so we will have to see what happens.

On the left you can see the concrete forms for the pool area. This is the second attempt at pouring this wall as the first time was a failure when the concrete froze before it could set up.

It was our first clod week of the season. Temp's were down below freezing most of the week and the lake winds made it feel even colder.

However progress was still made as you can see in the photo's.

There was a set back this week as a wall of concrete froze before it had a chance to set up. This am (11/22/08) we woke up to our first measurable snow. Less than an inch but the ground is frozen, snow covered and it's just a matter of time before the lake freezes. I don't think the temp. has risen above 20 yet today and it's 1:45.

We had a rainy week this week yet progress was still made on the South Cove Rebuild. As you will see in some photos there are some new walls up, a few trusses and a major change to the old Barn is taking place.

The pool is starting to take shape with footings in and re-bar in place to form the walls. In the photo of the pool area you will see two tractors dumping and moving stone forming the base for the bottom of the pool.

Have a great weekend! For additional photos and property listings go to www.jeffadie.com

I can assure you that this week saw some change but it is really hard to tell by the photographs. All week long we could hear concrete trucks going by, along with 10 wheel dump trucks hauling dirt and rocks.

If you look close you can see the first stage in framing on some of the foundations. This is the sill plate which is typically bolted to the concrete.

Every time I go over to look around the barn looks like it has been worked on.

This is a photo from the East Side looking towards the lake or west. The pool hole is on the left which they are pumping water from 24 hours a day.