Amherst NH 2010 Q2 Real Estate Update
The Amherst New Hampshire real estate market report is based on sales 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.
First quarter activity is typically the slowest real estate market in NH. Q2 sold statistics represent transactions in the early spring market which is traditionally the most active.
The $8000 tax credit offered to first time homebuyers in the stimulus package had a major impact on average sales prices and activity in the market. Visit Amherst NH real estate to obtain valuable community and demographic information that will assist you in assessing market data.
Amherst Single Family Homes YTD Activity (As of 6/30/2010)
On June 30, 2010, the New Hampshire MLS system (NNEREN) reported 144 active listings. The average asking 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. There were 53 homes sold at an average selling 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 second quarter, 34 homes sold at an average price of $367,229. In the second quarter homes moved more quickly with a days on market of 99.
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. Buyers often obtain better values in the winter market as Sellers who have their homes listed are usually more motivated.
bri; font-size: small;”>In comparing Amherst values to previous years in the same time frame, the prices keep dropping while sales activity increases. 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. 2010 statistics represent a decline in value of 12% since the high point in the market.
The AmherstNew Hampshire homes sold activity report for Q2 in 2010 was compiled by Virtual Homes Real Estate. Data was obtained from the New Hampshire MLS (NNEREN) and is not guaranteed to be accurate.