Some Positive News For The Northeast!

New-Home Sales Surge in Northeast

Sales of new homes were up 3.3 percent in April, the first increase in six months, according to the U.S. Commerce Department’s monthly report.

The rebound reflected a 41.7 percent surge in demand in the Northeast. Sales were up 8.3 percent in the West and 5.8 percent in the Midwest. They fell by 2.4 percent in the South.

The inventory of unsold new homes was down slightly to 10.6 months’ supply at the April sales pace, compared with 11.1 months in March.

The increase brought sales to a seasonally adjusted annual rate of 526,000.

The median price of new homes sold in April fell to $246,100, down 4.2 percent compared with April 2007.

Source: The Associated Press, Martin Crutsinger (05/27/2008) (www.realtor.org)

Source:
http://sunapeeregionblog.com/2008/05/29/some-positive-news-for-the-northeast/

April 2008 Sales

In looking at all these statistics you can really see how the market has been affected. For April, sales are down compared to previous years, but not as bad as March was.

On a more positive note, there were 41 listings that went under agreement this April.

Historical Sales For Our 16 Local Towns

January 2006—23 Sales
January 2007—29 Sales
January 2008—27 Sales
February 2006—26 Sales
February 2007—30 Sales
February 2008—25 Sales
March 2006—35 Sales
March 2007—38 Sales
March 2008—17 Sales
April 2006—46 Sales
April 2007—28 Sales
April 2008—21 Sales

Bradford NH

• $235,000—62 Melvin Mills Rd, Bradford NH

Grantham NH

• $190,000—10 Summit Dr, Grantham NH
• $216,574—68 Greensward Dr, Grantham NH
• $279,000—22 Slalom Dr, Grantham NH

Lempster NH

• $162,500—279 Grandview Rd, Lempster NH
• $163,000—133 School Rd, Lempster NH

New London NH

• $520,000—39 Sargent Rd, New London NH

Newbury NH

• $246,900—155 Morse Hill Rd, Newbury NH
• $950,000—115 Baypoint Rd, Newbury NH

Newport NH

• $107,000—59 Green Rd, Newport NH
• $148,300—120 South Main St, Newport NH
• $153,000—194 North Main St, Newport NH
• $159,900—140 Barton Whitney Rd, Newport NH

Springfield NH

• $417,000—9 Spring Glen, Springfield NH

Sutton NH

• $210,500—15 Newbury Rd, Sutton NH
• $567,500—60 Southfield Rd, Sutton NH

Unity NH

• $331,500—30 Shorewood Estates, Unity NH
• $400,000—170 Lear Hill Rd, Unity NH
• $1,000,000—593 Lear Hill Rd, Unity NH

Warner NH

• $179,500—232 Route 103, Warner NH

No Sales in April for the following towns

• Andover, Croydon, Goshen, Sunapee, Washington, Wilmot

Source:
http://sunapeeregionblog.com/2008/05/01/april-2008-sales/