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Articles Tagged "andy smith"

June
22

You're Invited! Badger Peabody & Smith Realty is having an Annual Customer Appreciation BBQ!

We couldn't do what we do without you... our customers and community! Please join us at our Annual Customer Appreciation BBQ on Friday, July 8th from 4 to 7pm at our Franconia office on 383 Main Street.

Come to say hello, meet some new faces and enjoy something to eat from the grill.

We look forward to seeing you and offering our thanks.

EVERYONE is welcome.

*Rain or Shine - We'll be under a tent.

March
11

A strong work ethic and a zest for life are qualities that define Zachary Hawkins

The Lisbon Regional School graduate earned his undergrad degree at Keene State College and completed his Master's work at Plymouth State University. After travelling around the country for months, he came to the conclusion that "I just love it here" and returned to the White Mountains region. He has joined Badger Peabody & Smith Realty as a sales associate in the Littleton office.

Zach notes that hard work is normal for him, always working at several jobs while juggling extracurricular activities and community involvement. As a full time educator in 2018, Hawkins worked in both hospitality and as a carpenter during the summer months while earning his real estate license.

"Everything just seemed to click," he says. "The combination of my knowledge, experience, and skill set just came together naturally, and I knew real estate was for me."

Since late 2018, Zach has represented clients in over 100 transactions and in $21 million dollars worth of real estate. He has sold single-family homes, assisted with vetting raw land for a new build, worked with multi-family investors, and assisted second homeowners looking to rent their property for income while they are not using it.

"Real estate forces me to continuously grow," he says. "No transaction is the same, and this competitive market demands innovation to be successful. I am a believer in real estate. I have invested in several apartment buildings myself and have opened a small property maintenance company."

"We are so pleased that Zach has joined our team," says Andy Smith, Badger Peabody & Smith Realty President and CEO. "Zach's wide-ranging skills and especially his experience as a teacher translate so well to real estate because we work to help educate buyers and sellers about the process and help guide them through the transaction. "

Badger Peabody & Smith Realty are the North Country, Mt. Washington Valley, Lakes Region of NH, Western Maine and Northeast Kingdom of Vermont representatives of LeadingRE (www.LeadingRE.com). With a membership that spans six continents, LeadingRE connects more than 550 firms and 135,000 sales associates who produce over 1.1 million real estate transactions each year. With combined resources of over 60 full time agents, and eight offices, Badger Peabody & Smith Realty can be reached online at www.badgerpeabodysmith.com. 

January
29

Franconia, NH – Two of the leading real estate firms serving New Hampshire, Maine and Vermont, Badger Realty and Peabody & Smith Realty have merged, creating Badger Peabody & Smith Realty.  

Andy Smith, President of Badger Peabody & Smith Realty said, "We've been very deliberate and thoughtful for the last year as we really worked to bring the best of our two brands together. Both brands have always been very similar in that we work as a team, and we meet the needs of our clients first. For us, this was a natural progression and we worked with everyone across both of our teams to best combine our strengths and merge our two brands and rebrand them as one solid firm – Badger Peabody & Smith Realty." 

Smith added, "Both the brand names, Badger Realty and Peabody & Smith Realty, have been synonymous as leaders in our marketplaces – representing property sellers and buyers in Northern, Central, the White Mountains and Lakes Region of New Hampshire, in addition to servicing the Northeast Kingdom of Vermont and Western Maine. We knew the time was right to combine these two successful brands into one."  

He added, "Our goal has always been, and will continue to be, the commitment to put the needs of our clients first and foremost while best supporting our agents and staff and our local communities. We have a dedicated team of full-time real estate agents, now over 65 REALTORS®, and have the ability to promote our clients' properties both locally and globally through our affiliation with Leading Real Estate Companies of the World® and Luxury Portfolio®." 

Badger Peabody & Smith Realty will be led by Andy Smith, while Badger Realty Managing Partner Brenda Leavitt will continue at Badger Peabody & Smith Realty in a senior advisor role through May. Leavitt began her career with Badger Realty over 40 years ago, becoming a partner with founding owner, Dick Badger, to create the leading real estate firm in the greater Mt. Washington Valley and western Maine.  

Leavitt said, "With the changes in the industry, it was important to the Badger family and me to ensure that the company has what's needed to stay at the forefront of the industry. Joining with Peabody & Smith Realty is a win for the staff, the community and the people we serve. The merger will enable us to offer more services and expand into new areas, all while keeping the same shared philosophies and values. And as always, the focus will be on how to better serve consumers." 

In 2021, both firms combined took part in over 1400 transactions throughout New Hampshire, Maine and Vermont with grand total gross sales over $447 million dollars in all property categories. This level of production places Badger Peabody & Smith Realty as one of the largest independently owned real estate firms in New Hampshire. 

Badger Peabody & Smith Realty has resources of over 65 full time agents, 21 staff members and eight offices in Berlin, Bretton Woods, Franconia, Holderness, Jackson, Littleton, North Conway and Plymouth, NH. In addition, they have a dedicated commercial real estate team as well. As part of the merger, Badger Peabody & Smith Realty has launched a new website www.BadgerPeabodySmith.com with many new features. Contact information for all agents and staff can be found on the website. 

Berlin Office
Bretton Woods Office
Franconia Office
Holderness Office
Jackson Office
Littleton Office
North Conway Office
Plymouth Office

February
24

We Recognize Our Peabody & Smith Realty Agents & Staff!

The year 2020 was certainly out of the ordinary, and for many, filled with personal pain. In our company, we experienced all kinds of emotions and at all different times – and sometimes in just a minute! The real estate market in New Hampshire was strong starting in the spring, and continued strong through 2020. It was a year that brought new business protocols and an influx of buyers unlike anything we had seen before.

To celebrate the highlights of the year, we gathered virtually in early February to recognize our agents and staff. This year the applause was over the speaker of the computer, but the smiles and exuberating of our team was as loud as ever.

In 2020, we recorded grand total, gross sales in excess of $208 million dollars, according to statistics from the Northern New England Real Estate Network. (Based on data from the New England Real Estate Network, grand total gross sales, NH & VT, all categories for time period 1/1/2020-12/31/2020.)

We distributed over $20,000 to area organizations including: AHEAD, Boys and Girls Club of the North Country, Franconia Ski Club, Holderness Historical Society, Littleton Regional Healthcare, Squam Lakes Association & Many More!

At the end of the award ceremony, we awarded the "Peabody & Smith Realty Residential Sales Associate of 2020" to Beth Horan. Beth has been with the firm for over 20 years and works in the Franconia office and services clients and customers in the North Country.

We also recognized the top agents for each office, and with that, we recognized the following agents:

Bretton Woods, NH Office: Michele Penner

Littleton, NH Office: Nikki Barrett

Plymouth, NH Office: Missy Sullivan

Holderness, NH Office: Jerrod Mitchell

Other awards included:

Highest Overall Customer Satisfaction Rating in 2020 – this award is compiled from all of our returned surveys – Fran Mattott was awarded this with the highest overall customer satisfaction rating. (5 is the highest you can get on our surveys and sometimes clients and customers write in higher numbers.)

Oval of Excellence – Mt. Monroe Level awarded to: Debbie James, Mary Dragon, Linda Matheson, Mary Doherty, Steve Gorman, Paty Ciotto, Fran Mattott, Jackie Elliott, Angela Spencer, Anne Foss, Debbie Engelhardt.

Oval of Excellence – Mt. Jefferson Level awarded to: Jason Cape, Patty O'Brien, Matthew Penner, Karen Walsh, Tiffany Howard, Joy Moore & Ray Newton.

Oval of Excellence – Mt. Adams Level awarded to: Charles Crannell, Aaron Woods & Keegan Rice.

Oval of Excellence – Mt. Washington Level awarded to: Jerry Love, Missy Sullivan, Jerrod Mitchell, Nikki Barrett, Michele Penner & Beth Horan.

Congratulations to our team and thank you to our clients and customers – it has been our pleasure to work with all of you and we look forward to assisting you in the future!

March
5

Andy Smith with LeadingRE AwardCongratulations to our Broker/Owner Andy Smith! Last month, he attended the Leading Real Estate Companies of the World® Annual Conference and was placed on the big stage (in front of thousands!), where he was awarded the Leading Real Estate Companies of the World® President's Service Award. This award is a top individual award from Leading Real Estate Companies of the World® (LeadingRE). In announcing the award, Pam O'Connor of Leading RE said, "Our community is built upon the generous contributions of our members who share their talent, time and expertise to support the success of their fellow members, as well as our collective network. Being able to honor the Member Achievement Award recipients, who have demonstrated an extraordinary level of commitment through years of service to the Leading Real Estate Companies of the World network is a true pleasure and a privilege." Leading RE President's Service AwardAs a company, we are always proud of Andy. He's a great leader, he leads by example and makes us all proud to work with him and for him each day. For us, he spends so much time thanking us for a job well done, we are so pleased that he was recognized for his contributions—well deserved! Congratulations Andy! You make us all proud!
May
25

Existing-Home Sales on Course for Best Year Since 2006

[caption id="attachment_3622" align="alignright" width="300"]summer 2016 market watch Click to download the full guide[/caption] Every year the National Association of Realtors gathers in Washington DC for a week of policy meetings, discussions with our elected officials and presentations by industry leaders.  Lawrence Yun, chief economist of the National Association of Realtors®, presented his midyear economic and housing forecast and his report indicates that New Hampshire is faring even better than the national market. According to Yun, monthly existing-home sales were uneven in the first quarter but still came in at a seasonally adjusted annual rate slightly higher (5.29 million) than last year's pace (5.26 million). Demand has mostly remained strong – especially in the top job-producing metro areas – and is being upheld by mortgage rates near three-year lows and the 14 million jobs gained since 2010. "The housing market continues to expand at a moderate pace in spite of the fact that home prices are rising too fast in some areas because of insufficient supply fueled by the grossly inadequate number of new single-family homes being constructed," said Yun. "The good news is that pending sales in recent months have remained stable and should support a modest gain in home sales heading into the summer." Yun forecasts existing sales to finish 2016 at a pace of around 5.40 million – the best year since 2006 (6.48 million). After accelerating to 6.8 percent in 2015, the national median existing-home price increase is forecast to moderate slightly to between 4 and 5 percent this year. With a snowless winter and a spring that seems elusive, we have seen ups and downs so far this year; but first quarter home sales in New Hampshire are well above the national average with 5,491 homes sold in the first quarter of 2016, compared to 4,486 units in 2015 – a whopping 22% increase! In the same time frame, average sale prices increased 4.86% from $205,025 to $215,000, which is right where Yun is reporting. It is our opinion that the market is still well below the 2006 peak in both volume and pricing; with tighter banking regulations, more realistic Buyers, and continued availability of low, fixed-rate mortgages, there is little to no risk of a repeat of the market turmoil we saw then. LOW INTEREST RATES MAKE HOMES AFFORDABLE Although the Feds raised interest rates last fall for the first time in a decade, and another increase is anticipated this summer or early fall, long-term fixed rate mortgages are available at record low rates. Local banks are offering fixed rates between 3.00% and 4.00%. Your purchasing power has never been greater! In 1985, a payment of $995.00 would get you a $100,500 home. That same payment today would get you into a $210,000 home, and is lower than most rents. Call one of our Sales Associates today to see how we can help get you pre-qualified and ready to buy! summer 2016 market watch To download the current issue of our Buyer's Guide, click here! Congratulations Nikki! We live and work in the communities we serve and love to give back in any way we can. One of our associate's exemplary example of giving back was recently recognized by AHEAD (Affordable Housing Education & Development).  Nikki Barrett, Managing Broker of our Littleton office, was recognized with the Fred Griffin Award at the 25th AHEAD Annual Meeting for her years of volunteer work, including rolling up her sleeves at NeighborWorks parties, teaching first-time home buyer classes, and for her systematic giving by donating to AHEAD a portion of her commission on every sale. Well done Nikki, you are a role model! [caption id="attachment_3620" align="aligncenter" width="357"]summer 2016 market watch Mike Claflin and Nikki Barrett[/caption] In closing, if you have questions about the real estate market in your area, please do not hesitate to give us a call. We are here to provide solutions that work for you. You can reach us by phone at any of our offices or on the web at www.peabodysmith.com. Better yet, feel free to stop by any of our offices – we'd love to meet with you to learn how we may assist you.
August
19

andy smithWe thought we'd ask a few probing questions each week of our agents. This one is with Broker/Owner Andy Smith, who works out of our Franconia office. Our roving reporter Elspeth asked the questions:

  I am currently reading? "Tough Choices" by Carly Fiorina, and " The Power of Habit" by Charles Duhigg.  What is your favorite restaurant in the area? The Adair Favorite board game? Backgammon The person that influenced you the most? My late brother Rick. Although we disagreed on many subjects, he helped me develop a set of guiding principles and processes that I use every day when making difficult decisions. Your favorite song? Anything by Eric Clapton What are you most proud of? The impact our family businesses have had on the communities we love so much. What is your favorite thing to cook?  A big holiday meal What is your favorite winter activity? Skiing What do you like to do in your spare time? Finding the perfect motorcycling road, a great game of tennis or squash, watching a movie with my wife after a stressful week What is your pet peeve? People that are late to a meeting, and those people that do not take responsibility for their own actions. Do you have pets at home? What are they? What are their names? One dog, Beau. A cute King Charles Cavalier spaniel that has proven to me that "little dogs are real dogs too!" Real Estate memory? Although we all have crazy "war stories" about real estate deals, the most memorable ones are when we get to provide a solution to a tough problem. The clients and customers put a lot of faith and trust in our firm, and it is very rewarding to be able to help them achieve their goals. Do you like coffee or tea? Definitely coffee. Do you prefer the Ocean or the Mountains? I am a mountain guy. The ocean is a great place to visit. What is your ski mountain of choice? Cannon, it is just the best there is! For a more serious bio on Andy, click here!
March
25

early spring peabody & smith buyer's guideIt is spring, and even though we still have snow on the ground, the sun has been shining and we are enjoying the light in the later part of the day! One of our spring projects here at the office is publishing our Peabody & Smith Buyer's Guide. This 16 page publication is directly mailed to over 23,000 homeowners in Central and Northern New Hampshire, and we also manually distribute more copies around the area! In this, our Broker/Owner Andy Smith writes a piece called, "Market Watch". In it, he lets readers know what is happening in the real estate market. To read this piece, feel free to click here! To learn more about the market in your neighborhood, feel free to give us a call, send us an email, or find us on all kinds of social networks! We would be pleased to assist you! To see the entire Peabody & Smith Early Spring Buyer's Guide, click here.
February
27

[caption id="attachment_2771" align="alignright" width="223"]andy smith Broker/Owner Andy Smith[/caption] It's been a busy month for our Broker/Owner Andy Smith, as he just came back from the Leading Real Estate Companies of the World conference in Las Vegas, Nevada. Andy joined other brokers and agents at the conference, which was attended by over 2,000 real estate professionals from more than 20 countries. Andy reported back to us that the conference was very informative and talked about technology issues, trends in the real estate market nationally and globally and many other topics. In addition, Andy served on two panels with his peers, he was a presenter and speaker at the Small Brokerage Forum, and he also presented about trends, issues and best practices in commercial brokerage, one of his specialties. Other speakers included keynote speaker Rudy Giuliani, Peter Sheahan, a best-selling author, Travis Robertson and Stefan Swanepoel. Leading Real Estate Companies of the World® is the largest network of premier locally-branded firms in more than 50 countries producing over one million annual home sale transactions. We are proud to be part of the network!
June
10

As summer begins, the trees have budded and it definitely feels like a time of renewal. A time of growth for the trees and for the real estate market too. In our travels, all of us are asked the timeless question, "How is the real estate market?". For some, they expect an answer filled with despair and angst. However, as you can see from these charts, we are seeing more hopeful signs of market stabilization. While the "First Time Home Buyer and Move Up Home Buyer" tax credits have expired, the market continues to improve over last year. In terms of county statistics, CaledoniaGrafton and Coos counties have all seen improvements in the average selling price year over year, as well as the number of homes sold. Essex still has numbers similar to last year, but they have had more homes sold, which is encouraging. As we look at the towns in our service area, these totals show much improvement over the same time the year before with 44% more homes sold, average selling price up 43.5% and days on market just up slightly. We also have seen an increase in our luxury market with four homes sold over 1 million dollars recently, and several more under contract. What does the future hold? The feds have held interest notes down much longer than anticipated. Most industry experts are now saying rates will start to rise in the fourth quarter. For now with rates still historically low, attractive prices for home buyers, and affordability indexes favorable, buyers will continue to purchase homes and land in Central and Northern New Hampshire and the Green Mountains of Vermont. With our low crime rates, quality of life opportunities, this truly is a great area to live in, and we know more people will continue to pursue their dreams of living here.
December
14

Once again, we are so pleased at how our agents continually learn new things, take new classes and earn designations to help their clients and customers. Recently, four of our Broker Associates completed the Certified Buyer Representative Program and now have the initials CBR® after their name. Beth Horan, Joy Moore, Mary O'Toole, and Susan Jones were recently certified by RealNet Learning Services of McLean, Virginia, as CBR®-Certified Buyer Representatives. They are now trained in the professional representation of home purchasers. Buyer Representative is a cooperating agent who legally represents the real estate buyer. Each agent completed three days of extensive training to earn this Designation. According to the CBR website, less than 1% of the agents in the country have earned this designation. Beth is one of our bloggers at www.guidemehome2thewhitemountainsofnh.com. She has been with Peabody & Smith Realty for over a decade. She is licensed in both New Hampshire and Vermont and works out of their Franconia office. Joy Moore is another one of our bloggers, and works out of the Littleton office of Peabody & Smith. She was also named in 2009 as the Lakes Region Board, Realtor of the Year. She has worked at Peabody & Smith for 15 years, and is also licensed in the state of Vermont. Real Estate has been her passion for over twenty years. Mary O'Toole has been with Peabody & Smith for almost five years. She is licensed in New Hampshire and works also out of their Franconia office. Susan Jones obtained her real estate license almost a decade ago. She has worked for Peabody & Smith during that time. She is also licensed to sell real estate in Vermont. "As always, I am so proud of these agents. They continue to exceed expectations in order to make their clients experience with them, and with the company, the best it can be through their continued knowledge and education." said Andy Smith, Broker/Owner of Peabody & Smith. With 28 full time Realtors, and a support staff of seven, we have offices in Franconia, Littleton, Plymouth and St. Johnsbury. We are members of and one of only 600 firms chosen as part of The Leading Real Estate Companies of the World. As a member, Peabody & Smith Realty, Inc. is affiliated with the finest real estate firms worldwide. The relationship also enables us to assist individuals relocating to virtually any community in the U.S. or abroad. Just give us a call if we can help.
November
10

new_signs_006 St_J_Office_Nov_2009 After a few weeks of renovations, our St. Johnsbury office is up and running at our new location, 683 Railroad Street, St. Johnsbury. We installed the sign on a chilly Friday afternoon, Andy Smith and our Renovation Specialist Lon Ashton handled the installation. This year, we have doubled our staffing in St. Johnsbury to 4 agents and added an administrative assistant. At the office, you'll find: Robin Jacobs, Toni Morris, Kris Still, Sam Vance and Stacey Brisson. Stop by sometime and say hello! We'd love to show off our new place, with its new paint job, new decor and more! The real estate market is picking up in St. Johnsbury and we're ready to help you.  
September
29

Finally, we have the data that shows the market has turned. In the last 30 days, the real estate market has really picked up. Over the summer, the market has had a lot of activity in the properties priced under $100,000 - due in large part to the First Time Homebuyers Tax Credit, but now all ends are seeing a solid uptick. As of mid-September, we have three homes over a million dollars under contract, as well as several in the over $500,000 range. Statistics from the New Hampshire Association of Realtors show that statewide home sales have increased over the previous year for three consecutive months. Sales data released recently by them showed that the number of residential unit sales in August 2009 was up 4 percent over August 2008 sales – from 1,104 in 2008 to 1,169 in 2009. Increased sales activity is having the expected response: Average Days on Market has decreased from a high of 160+, to a more reasonable 137, according to data from the Northern New England Real Estate Network (NNEREN). With the inventory continuing to shrink, we predict that this will continue to decline over the next 12 months. A healthy market is considered to be in the 90 day "Days on market" range, which we last saw in late 2005. The median sales price, according to NNEREN, is leveling off in the $192,000 range, after bottoming out under $170,000. As the mid and upper markets continue to recover, over the next 12 months I expect this to show a steady but slow increase until we plateau again just over the $210,000 mark. The final data provided by industry expert Steve Harney clearly illustrates how the market rebound has been heavily weighted to the lower price segments as First Time Home Buyers and investors are scooping up great values. As the mid and upper level Buyers gain more confidence over the next 6 months, and recognize the values that are being offered, I believe this market segment will also turn, and turn quickly. $0-100,000 sales up 38.8%

$100,000 – 250,000 sales up 8.7%

$250,000 -5 00,000 sales down 6.2%

$500,000 – 750,000 sales down 8.9%

$750,000 – 1,000,000 sales down 10.6%

$1,000,000 – 2,000,000 sales down 23.3%

$2,000,000+ sales down 32.4%All in all, with the real estate busy season typically busiest in the summer, this year it seems to be happening just a little later in the fall as Buyers are realizing that with the low interest rates, home affordability at an all time high, and properties at competitive prices, and the economy stabilizing, this truly is the time to buy. While the $8,000 First Time Home Buyer tax credit has provided an incentive to buy, many of our other buyers are buying without the tax incentive, as they are buying knowing that they can invest their money in an asset that they can live in and use, vacation in, or hold onto a beautiful land parcel for future use. Real Estate is a tangible asset that will prove to be a wise investment. If you are thinking about selling your home, we're here to help you decide if this is the right time for you to sell given the market conditions. We take our role as real estate advisors seriously and are prepared to give you honest information regarding your options. If you have decided this is a great time to buy, we're here to help. We can show you homes that we have listed, but we can also represent homes that may be listed by another firm. Real Estate firms and Realtors are known for working together, and we are no exception. Whether you are looking for a first home, a condo, a second home, a special piece of land, whatever it may be, we can help. Being the market leader in any business is not to be taken for granted. We are the leaders based on the range of services we offer you. We can advise you on if you should sell, offer price recommendations, negotiate through a contract and in the end, offer a solution that fits you. We're here to help, find out how by clicking here.
July
6

andy_and_ray Terry_and_Steve Cooks We had a great time at our Customer Appreciation BBQ on Friday, July 3rd. We served over 160 hot dogs and 150 hamburgers and had well over 200 people in attendance. We had a little bit of rain (well a bit of a downpour), but that didn't seem to dampen any spirits! In fact, more people came after the rain. Thanks for attending, we appreciate all your support and look forward to seeing you through the year and helping with any real estate needs you may have. Hang_decor PS_cake tent All in all, our bar-b-que marked the start of a beautiful weekend in the White Mountains of New Hampshire. On Saturday the 4th, the town of Franconia held their annual Old Home Days sponsored by the Lions Club, which is always the 1st Saturday in July. They had a pancake breakfast, parade through the Main Street of Franconia, fireworks at dusk and music at the gazebo. If you missed it this year, save the date for next year - its a great time in the Franconia area.    
June
15

Alan_Destefano_and_Joy_Moore_realtor_of_the_yearWe are so pleased at Peabody & Smith Realty to announce that our Managing Broker in our Littleton office, Joy Moore has been selected as the REALTOR® of the Year from the Lakes Region Board of REALTORS®. According to the Lakes Region Board of Realtors, The REALTOR® of the Year award is the highest honor any board of REALTORS® can bestow on one from their membership. There are around 800 members in the Lakes Region Board and they base the award on REALTOR® spirit, local board activity business accomplishments and other activities. Always exuberant, she really fits her name, Joy called us from the road on her way home from the meeting and gave us the news. When she arrived back into her office 45 minutes later, she described the scene this way, "As they were reading off all the items the "chosen" person had done, I was thinking I knew exactly who it was, certainly not me, I kept eating my food and then when they said, 'and she's known for always wearing her sunglasses on top of her head' I felt the top of my head -there were my sunglasses and that's when I realized they were awarding it to me!" I think she had a few more words after that, but that's what we can place here. Joy is the Past-President of the Lakes Region Board and has served on numerous committees over the years. Since Joy joined us fifteen years ago, her focus has been on selling homes and land in the greater White Mountains of NH and some parts of the Northeast Kingdom of Vermont. For those of you who have never had the pleasure of meeting Joy, personally she has four grown children, four grandchildren, and a rambunctious Wheaten Terrier named Toby. She is also an avid fly fisher when she's not working. Joy works from our office in Littleton at 11 Riverglen Lane.  
June
11

Is it a Triple Play? Consumer Confidence Rising; Real Estate Sales Increase, New Construction numbers rebound. As of June 1st, all three important indicators are positive. Plus, the low interest rates and the $8000 First time Home Buyers Tax Credit continue to be market makers. So, is the market back? In many senses it is. Take a look at the numbers. According to the numbers reported by the National Association of Realtors, the Northeast saw a 12% increase in sales in April, with the largest increase in the lower-price segments. This increases the annual number of homes sold in the NE from 690,000 to 770,000. New home building starts increased 21% in April over March, a great sign that the excess inventory of new, un-sold homes is getting cleaned up. Not surprisingly, locally we are seeing a similar increase in activity, and a corresponding reduction in prices. Sales have trended upward in April, along with a dramatic increase in the inventory of homes for sale. This is great news for Buyers, providing a large selection of homes to choose from, but will continue to keep prices from making a great comeback as the forces of supply and demand impact what Buyers are willing to pay. Locally, the average sale price declined from a high of $231,000 in early 2008, to a current sale price of $130,000. Although this reflects the average price of the homes sold, it is important to consider that the lower priced homes reflect the best values for Buyers, as a large percentage of these sales have been Bank Owned or "Short Sale" properties. We are predicting that the most activity will continue to be in the lower 1/3 of the pricing tier for the next 3- 6 months, and consequently will have a larger than normal impact on the averages. The mid and upper tiers reflect some very good values as Sellers have adjusted their prices, although the reductions here typically do not reflect that larger discounts that distressed or foreclosed properties do. To download a copy of this article which includes sales graphs, please click here. For more information on your town, or house, please feel free to give us a call, or send us an email, we'd love to help.
June
4

newofficePeabody & Smith just opened a new office located in Plymouth, New Hampshire. With one office in the Northeast Kingdom of VT and two offices in the North Country, we determined it was time to open an office south of Franconia Notch. The office is staffed with five agents, directed by Mary Doherty - Peabody & Smith Commercial Broker. Click here to read the full story.  

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