Amherst NH Homes Sold Report Q2 2010
The Amherst NH real estate market report is based on activity in the first six months of 2010 providing year to date activity for homes sold. Q1 and Q2 information is referenced to provide background data for seasonal sales. In Q1, sold statistics represent transactions that were negotiated in November, December and January and closed by March 31, 2010.
The winter market is traditionally very slow in New Hampshire due to weather and the holiday season. Transactions closed in Q2 are representative of the early spring market which is usually the most active.
The Amherst real estate market was impacted by unusual activity in the entry level which occurred due to the $8000 tax credit offered to first time homebuyers through the stimulus package of 2009-2010. Visit Amherst NH real estate to obtain valuable community and demographic information that will assist you in assessing market data.
Amherst NH Homes Sold YTD Activity (As of 6/30/2010)
There were 144 current Amherst listings of homes for sale on June 30, 2010. The average list price was $447,532 and these homes had been on the market for 148 days. View a mapped based MLS search of Amherst homes for sale currently available in the NH MLS. 53 homes have sold at an average sales price of $334,504. The list price to sales ratio was 96% and the days on market was 114.
In the first quarter of 2010, 19 homes closed with an average sales price of $275,945. In the Q2 timeframe, there were 34 homes sold at an average price of $367,229. Second quarter activity was more brisk as homes sold in 99 days.
The market was active only in the entry level as the first time homebuyers were motivated to buy in the winter market and secure their tax credit. Prices typically rise in the spring and better values are often obtained in the in the first quarter.
bri; font-size: small;”>In comparing Amherst NH average sales prices to previous years in the same time frame, values continue to drop as transactions increase. There were 47 homes sold in 2009 at an average sales price of $373,323. The peak of the market in the last four years was in 2007 with 65 transactions at an average selling price of $426,388.In comparing 2010 data, we find that this represents a decline in values of 12% since the peak in 2007.
The Amherst NH homes sold activity report for Q2 in 2010 was compiled by Virtual Homes Real Estate. The information was obtained from the NH MLS (NNEREN) and is not guaranteed to be accurate or representative of all transactions.
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