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Blog :: 2013

You Know What They Say About Those Who Assume...

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The old adage rings true in so many facets of life, real estate included, especially in todays unpredictable market. Buyers and Sellers alike are often concerned with questions that have no definitive answer. Am I looking at property too early if I cant close for another 5 months? Summer is over, should we just wait until next year to put our home on the market? Ive heard short sales are impossible, should we just skip those listings? And the list goes on. People are so concerned with pinpointing patterns and trends in the real estate market that they forget the most important factor ... TIMING. The house of your dreams comes on the market, with a Seller who wants to ideally close in 6 months, but you miss out to another Buyer because you werent aggressively looking or didnt have your financing pre-approval. You decide to wait until next spring to list your house, and a month later a relocation Buyer is in town for a weekend ready to make an offer and falls in love with your neighborhood. That short sale listing you had your eye on but skipped over ends up closing smoothly in 3 months with someone else. The bottom line is that if you make assumptions about anything in the current market, you may miss out on a really good opportunity. You cant control timing, but being ready certainly puts you ahead of the game!

Market activity report

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For those of you that are interested in what the market in the Seacoast area has been doing over the past year, here you go! We examined the marketing trends of single family homes in SAU 16 towns, including Exeter, Brentwood, Stratham, Newfields, Kensington and East Kingston. The number of homes sold in the last year vs. the year before has increased significantly! From June 2011 to June 2012, there were 271 single family home sales. The average list price was $354,107 and the average sold price was $339,134. From June 2012-through June 25, 2013 there were 394 sold homes. That's a 45% increase in home sales. The average list price was $362,167 and the average sold price was $351,006- a 3.5% increase from the year before. The average days on market (DOM) has hovered around the same at 118 & 115. If there's anything you would like to see us to write about, we would love to hear from you!

Welcome to our new blog!

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We look forward to making this the best resource for information about real estate, our local area, and current topics that impact you.We encourage you to subscribe to our blog to receive updates and insights as we publish them. Please feel free to comment on our posts if you have questions or reactions to share.If there is anything youd like to see us write about, wed love to hear your ideas. Thanks for stopping by!

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