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Tuesday, July 19, 2016

Home Sales Data Q2-2016 VideoGraphic

Home Sales Data for the 2nd Quarter of 2016 - A quick 2 minute Videographic Overview - 

 

 Click on town name below to go to individual towns to view more information on

Number homes sold, Average Sale Price, Days On Market, List to Sale Ratio.

http://pointsne.com/communities-in-nh-ma-me/

Average Sale Price for Single Family Homes - Q2/2016


· Dover, NH               $295,000
· Durham, NH            $361,000
· Exeter, NH               $388,000
· Greenland, NH         $472,000
· Hampton, NH          $422,000
· Hampton Beach      $292,000
· Hampton Falls, NH$472,000
· New Castle, NH     $913,000
· Newfields, NH            $453,000
· Newmarket, NH     $309,000
· Newington, NH       $633,000
· No Hampton, NH   $580,000
· Portsmouth, NH     $534,000
· Rochester, NH      $204,000
· Rollinsford, NH     $203,000
· Rye, NH      $931,000
· Seabrook, NH      $282,000
· Seabrook Beach     $706,000
· Somersworth, NH  $198,000
· South Hampton, NH   $428,000
· Stratham, NH      $559,000
If viewing as PDF, click on town name to
 

Wednesday, June 1, 2016

Buying A Home. Risk Money and the cost to close

Risk Money & Cost To Close

When you buy a home,  not only are you paying a “Purchase Price” but you are also going to be paying upfront money referred to as “Risk Money”.  

”Risk Money” is what you spend before you own the home (non-refundable-hence Risk) in order to make sure the home you are buying is worth the Price Tag you’ve agreed to pay.  And, depending on how your contract of sale has been written up, you may have negotiated a period of time to investigate issues of concern which may not have been apparent to you when you first viewed the home.  Often I am asked what these fees and costs are.  I did a little research based on an average sized (1500 SF), 3 bedroom home in the NH/ME Seacoast areas, and what follows are some examples of fees that a buyer may encounter as "RISK" money.  
Risk Money - (FEES vary- These are examples for an average (1500 sf) sized 3 bedroom Single Family Home in the Southern NH/Southern Maine areas) 

Lead Paint Inspection (if built prior to 1978) $375-$675 
Well Water Testing  *$75-$100
Chimney Inspection: Level II $250
Mold Inspection: **$300-$500
Pest Inspection: ** $50.00 - $175
Hazardous Waste - Varies greatly depending on what you are investigating

There may be other conditions with the property you are considering that may require some other type of Inspection not listed here.  

*If you have a General Home Inspection some of these companies also provide testing at an additional cost. Listed here are specific testing estimates.
**If you have a General Home Inspection - the licensed Inspector will do a visual for Pests/Mold and if they see evidence of active infestation will recommend further investigation. The estimates above are for specific inspections should you not have a General Home Inspection or have been advised to seek further advice. As a consumer you are not obligated to use any one particular vendor and are free to use whomever you prefer as long as they are professionals who are engaged in that particular service on a full time basis).


Cost To Close -Beyond Risk Money
After Inspections and assuming you and the seller have agreed to move forward with the transaction,  there are Closing Costs associated with the actual closing of your transaction and apply whether paying CASH or financing. These are summarized below and are due at Closing (unless noted otherwise). Again, prices may vary, and depending on where you live in the country who pays what may differ. These are NH/ME examples and may in part be based on either the price of the home (in the case of Tax Stamps) or size of the home (in the case of Appraisal and Home owners insurance) or on an item or service fee basis.

Appraisal Fee- Paid at time of Service - $400-$500 (Optional for Cash buyer)
Home Owners Insurance -(Optional for Cash buyer)
Home Warranty Insurance - (Optional) $399-$599 covers major systems/appliances in the home
Title Search/Closing Settlement Fee - $645-$675 - You may select the title company.
Tax Stamps (NH $15.00/per thousand of purchase price) in Maine it’s $5.00/Per thousand (split between buyer and Seller - Paid at closing)Owners Title Insurance - based on the sale price of the property - Paying Cash Most Title Companies still require.
Recording of the new Deed -(per page fee) ME $95-$105, NH $145-$205
Proration of property Taxes - Pro-rated at time of closing & depends on whether or not the current seller has paid them
Proration of fuel in tanks (propane or oil)-Based on current prices at time of measurement


Financing?  If you are financing a home there are also costs associated with getting your loan. But before you even start looking at homes you’ll want to talk to a “local” Bank, Mortgage Company or Credit Union and get Pre-Approved.  When you make formal application, the lender will provide you with a Loan Estimate which will spell out the cost of obtaining your loan and how much money you will need to bring to the closing table - in addition to the purchase price.  Within 3 days of Closing you will receive a Closing Disclosure from your lender which spells out all the final fees and how much to bring to closing.

Lender Fees (Sample—Fees Vary by Loan)
Origination Charge to the Lender  (is a flat fee range $750-$1500 (process, underwrite, doc prep, disclosed on Loan Estimate and Closing Disclosure)
Discount Points - Are a % of the Loan Amount to discount the Note rate, and can be negative points (lender paid fees)
Appraisal Fee (see Risk Money above $400-$500)
Credit Report $15.00-$29.00
Flood Certification $10.00
Lenders Title Insurance - based on the sale price of the property - If Financing Lenders require
Recording of the mortgage (if financed) ($118.00 est - based on number of pages)
Prepaid Interest on the loan (varies and is based on when you close)
Other Loan Charges
Pro-ration of property taxes (see costs to close above)
Homeowners Insurance (see costs to close above)

Closing Costs and Lender Fees will be due on the day of Closing and in the form of a Bank Certified Check.

It is highly recommended that you speak with a Local Lender even if you have already been pre-qualified with someone else.   Most all lenders have different types of programs that you may be qualified for. You may work with whomever you choose. The links below are local, experienced licensed Lenders who provide a multitude of programs.


Below is a list of service providers from which estimates used in this post were obtained—fees vary and as previously mentioned -consumers may use whomever they wish as long as those professionals are engaged in that line of business on a full time basis. Other service provides may be found online or through personal recommendation.  Additionally, this information is local to the NH/ME seacoast areas.

http://www.consumerfinance.gov/owning-a-home/  -  This is an Excellent source for “Know Before You Owe” Tips



When You Work With A Professional - Together You'll Get It Done!

 When you set out to purchase a home you want to know you are in expert hands.  At Weichert Realtors PEYT we are committed to providing all our clients top notch service and attention to every detail.  Together, we get it done.  

The estimates above are based on an average (1500 sf) 3 bedroom home in NH/ME Seacoast area.  Always check with a service provider for their individual costs based on your needs. Additionally, Closing Costs and who pays what may vary depending on where you live in the country.

Tuesday, February 9, 2016

Stratham, NH 2015 Single Family Home Sales

Click for PDF of 5 Yr Mkt Trend Data
Single Family Home Sale Stats for  Stratham - NH  Year Ending 2015

  •  104 Sales *Single Family Home Sales
  •  $483,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $496,000. 
  • 81 Average Days on Market 
  • 97% List to Sale Ratio

Comparing 2015 to 2014 -The total number of homes sold in Stratham was down by 2% - The Average Sale Price was up by 59%. No change on Days on market.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

South Hampton, NH 2015 Single Family Home Sales

Add caption
Single Family Home Sale Stats for South Hampton - NH  Year Ending 2015

  •  12 Sales *Single Family Home Sales
  •  $377,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $383,000. 
  • 97 Average Days on Market 
  • 99% List to Sale Ratio 

Comparing 2015 to 2014 -The total number of homes sold in South Hampton was up by 9% - The Average Sale Price was down by 16%. Days on market went up 35%.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

Somersworth, NH 2015 Single Family Home Sales

Click for PDF 5 Year Mkt Trend Data
Single Family Home Sale Stats for  Somersworth - NH  Year Ending 2015


  •  138 Sales *Single Family Home Sales
  •  $177,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $180,000. 
  • 81 Average Days on Market 
  • 99% List to Sale Ratio

Comparing 2015 to 2014 -The total number of homes sold in Somersworth was up by 25% - The Average Sale Price was up by 1%. Days on market went down by 18%.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

Seabrook, NH 2015 Single Family Home Sales

Click for PDF of 2015 by Quarter
Single Family Home Sale Stats for Seabrook - NH  Year Ending 2015

  •  57 Sales *Single Family Home Sales
  •  $317,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $320,000. 
  • 138 Average Days on Market 
  • 99% List to Sale Ratio








Click for PDF 2015 Year End Averages

Seabrook Beach has been split out separately in 2015 see below.


  • 22 Sales *Single Family Home Sales
  • $624,000 Average Sale Price
  • Prior to Selling these homes had been on the market at an average list price of $661,000
  • 118 Average Days on Market
  • 95% List to Sale Ratio



The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

Rye, NH 2015 Single Family Home Sales

Click for PDF 5 Yr Mkt Trend Data
Single Family Home Sale Stats for Rye- NH  Year Ending 2015

  •  101 Sales *Single Family Home Sales
  •  $730,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $763,000. 
  • 81 Average Days on Market
  • 96% List to Sale Ratio

Comparing 2015 to 2014 -The total number of homes sold in Rye was up by 1% - The Average Sale Price was down by 4%. Days on market went down by 16%.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

Rollinsford, NH 2015 Single Family Home Sales

Click for PDF 5 Year Mkt Trend Data
Single Family Home Sale Stats for Rollinsford- NH  Year Ending 2015

  •  28 Sales *Single Family Home Sales
  •  $254,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $259,000. 
  • 81 Average Days on Market
  • 98% List to Sale Ratio

Comparing 2015 to 2014 -The total number of homes sold in Rollinsford was up by 100% - The Average Sale Price was up by 27%. Days on market went down by 80%.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

Rochester, NH 2015 Single Family Home Sales

Click for PDF 5 Year Mkt Trends
Single Family Home Sale Stats for Portsmouth- NH  Year Ending 2015

  •  328 Sales *Single Family Home Sales
  •  $172,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $176,000. 
  • 72 Average Days on Market
  • 98% List to Sale Ratio

Comparing 2015 to 2014 -The total number of homes sold in Rochester was up by 11% - The Average Sale Price was up by 8%. Days on market went down by 8%.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions. 

North Hampton, NH 2015 Single Family Home Sales

Click for PDF 5 Year Mkt Trend Data
Single Family Home Sale Stats for  North Hampton - NH  Year Ending 2015

  •  61 Sales *Single Family Home Sales
  •  $559,000 Average Sale Price 
  • Prior to Selling these homes had been on the market at an average list price of $5872,000. 
  • 92 Average Days on Market 
  • 95% List to Sale Ratio

Comparing 2015 to 2014 -The total number of homes sold in North Hampton was down by 1% - The Average Sale Price was down by 5%. Days on market went down by 28%.

The chart below shows individual towns within our market area for Single Family homes sold during the 2015  More information is available HERE (or visit www.pointsne.com/ and  view trends over the last 5 years by town)

2015 New Hampshire Seacoast Average Home Sale Price


Every town has its own dynamics. Call me or talk to your Professional Weichert Sales Associate before listing or selling a property.

Source: Sold data NNEREN MLS- Jan 1,2015-Dec 31,2015 - *Search criteria -Single Family Residential.  Does not include  Multi Family, Mfg, Land, Commercial or Condo (condo data may overlap due to multiple input opportunities within the MLS) Subject to errors and/or omissions.