December
10
10
Current Real Estate Statistics for Grafton & Coos Counties in NH
All in all, the real estate market this year has improved and we are optimistic for 2011. In real estate, there is a saying that "all real estate is local". While the national headlines talk about the real estate market as a whole, it's a lot like the weather – you see different weather scenarios all over the country, but what you really want is the forecast in your area. Currently we are seeing modest increases in the number of homes sold in Grafton County, and we notice an increase in the average sales price. While the days a house was on the market has increased a bit in both Coos and Grafton, but really not by a huge degree. Homes that come onto the market priced correctly are finding new owners.
Consumer confidence appears to have increased, given the rousing reports from "Black Friday and Cyber Monday!" According to CNN, NPD Group which is a market research firm said, "33% of consumers bought items for themselves – a good sign that Americans are feeling more comfortable about spending."
Many people speak about the luxury market, and say that when the luxury market comes back the rest will follow. So far in Grafton and Coos counties, 12 homes have sold over a million dollars this year, which is the most we've seen in a few years. This too bodes well for the rest of the market.
When looking at the national forecast, and reports, it's easy to feel a bit afraid of the future. High unemployment rates, various economic reports and the like can be disconcerting. However, when we look at the State of New Hampshire, we realize the unemployment rate for October 2010 was a low 5.4%, while in October 2009 it was 6.8%. Nationally, it's a 9% unemployment rate. While it's important to be aware of what happens nationally, it too is important to understand the local data, and the local economic news. New Hampshire continues to shows signs that it is in the midst of an early and strong recovery.
While we have just finished Thanksgiving, I think we all realize there is so much to be thankful for. No longer are we measuring happiness by the material items we possess, but rather it has been a "return to basics" the last few years. A time where more people have dinner around the dining room table, have a "game night" with the kids, and all in all are thankful for the little things that really make up the big components of our life. It's no longer about the car you drive, how many houses you have, and how often you go on vacation. It's about the memories you create in your life, that's what we all remember, the little things.
On that note, these days folks are purchasing homes they can comfortably afford, and are enjoying some "sweat equity". As we have been saying this of course is a great time to buy if you have the ability. Interest rates are low, which mean you can afford more house now than ever before, as rates haven't been this low in 50 years. In addition, selection is great so you can take your pick and prices are reduced compared to five years ago. But most of all, a house or land is an investment in your life. Not the kind of investment that you plan to retire on, but rather a place where you gather with your friends, your family, and share what you are thankful for.
We thank all of you for allowing us to assist you with your real estate needs. All real estate is local, so if you are looking for current market statistics and more, feel free to call us. We are happy to help.
Have a lovely season, and here's to 2011!
Consumer confidence appears to have increased, given the rousing reports from "Black Friday and Cyber Monday!" According to CNN, NPD Group which is a market research firm said, "33% of consumers bought items for themselves – a good sign that Americans are feeling more comfortable about spending."
Many people speak about the luxury market, and say that when the luxury market comes back the rest will follow. So far in Grafton and Coos counties, 12 homes have sold over a million dollars this year, which is the most we've seen in a few years. This too bodes well for the rest of the market.
When looking at the national forecast, and reports, it's easy to feel a bit afraid of the future. High unemployment rates, various economic reports and the like can be disconcerting. However, when we look at the State of New Hampshire, we realize the unemployment rate for October 2010 was a low 5.4%, while in October 2009 it was 6.8%. Nationally, it's a 9% unemployment rate. While it's important to be aware of what happens nationally, it too is important to understand the local data, and the local economic news. New Hampshire continues to shows signs that it is in the midst of an early and strong recovery.
While we have just finished Thanksgiving, I think we all realize there is so much to be thankful for. No longer are we measuring happiness by the material items we possess, but rather it has been a "return to basics" the last few years. A time where more people have dinner around the dining room table, have a "game night" with the kids, and all in all are thankful for the little things that really make up the big components of our life. It's no longer about the car you drive, how many houses you have, and how often you go on vacation. It's about the memories you create in your life, that's what we all remember, the little things.
On that note, these days folks are purchasing homes they can comfortably afford, and are enjoying some "sweat equity". As we have been saying this of course is a great time to buy if you have the ability. Interest rates are low, which mean you can afford more house now than ever before, as rates haven't been this low in 50 years. In addition, selection is great so you can take your pick and prices are reduced compared to five years ago. But most of all, a house or land is an investment in your life. Not the kind of investment that you plan to retire on, but rather a place where you gather with your friends, your family, and share what you are thankful for.
We thank all of you for allowing us to assist you with your real estate needs. All real estate is local, so if you are looking for current market statistics and more, feel free to call us. We are happy to help.
Have a lovely season, and here's to 2011!