Don't consider what the sales rate are today. They are poor everywhere. Maybe things will start picking up next summer.
If you need any help, or any preapproval or anything, please let me know. Thanks, and good luck,
Like I said there are newer and better places, but these 2 are about 3 miles off the exit and do not border the highway. I93 goes through the town like 2 or 3 S's strung together. and depending on the house you will hear the cars and trucks.
As a homeowner of a high end home on Ryan Farm Rd, I cannot understand for the life of me why you would wait to purchase or build given you have the financial resources at this time. Prices have never been cheaper in the higher end market and you get so much more for your money today than 4 years ago when I built my house. I realize that people are understadably nervous about the stability of our present economy, but many indicators point to a recovery. Why would you wait til prices are headed back up. People will soon begin to have confidence in the economic future of our country and when they do they will seek to make the dreams of homeownweship and upward movement part of their plans again. The smart people move when the crowd is too afraid to. I have faith in my decision to build in this subdivision. The views are magnificent and the homes are beautiful and luxurious. I think it was and is a worthwhile long term investment.
The unknown is the interest rates. They fueled the boom, and being that they are still low they have lessened the fall. The concern is what happens IF the economy were to take off. Interest rates would have to change course and head up. A steep increase in these rates and the high end market will get crushed. Seeing as we as a nation can't move in any direction quickly, I think you see a slow increase in interest rates which caps the real estate market ability to increase in value.
The other wild card is Windham's proximity to Boston. Very much so a commuter community. Lot of money out of Boston, you can get more in Windham for the money than you can in Northern Mass. Put in the superhighway (hopefully without tolls) all of a sudden the entire 93 corridor becomes more accessible adding to the location location location saying!
I see it as less risk in Windham versus a Bedford, Exeter, Stratham, Hollis area (mention these based on school systems and how they're perceived as being very much so equal to each other) as the demand based on location will always be there. If I find the crystal ball with the answers I'll let you know!
Ryan Farm is a picturesque new subdivision with amazing views. Construction is steadily moving along which is a very good sign. The price point for that area seems to be right in line for what todayâ€™s buyer is willing to pay for new construction. Yes, some of the high end communities are off to a slow start due to a more economical buyer and the concern with rising fuel cost and taxes.
Please let me know if I can be of any assistance in your home search, I am more than happy to help.