Hanover is a very stable community. If we look at the homes which have sold we will see that the type of home and pricing is applicable for the property and that the comparison to the past were homes in a different higher price range but also a different general value. I have had this discussion with media in the past when Hanover was hit with a published article showing a huge decrease in value when it truly was not the case - a home with a market value of $300,000 was $300,000 and no deep discounts and one that was $400,000 was $400,000. It just so happened that the data they were comparing to had a number of large dollar sales, i.e. several $500,000 homes and up - compared to a number of sales in a current healthy market which were different style homes in the under $500,000 range, so statistically it showed a noticeable decrease in market value but they were comparing apples and oranges.
I would be very happy to share the data with you via email or in person. You can reach me via my cell at 781-910-7294 and my email at TradeWinds Realty Group llc at MaryBeth@TradeWindsRealtyGroup.com.
Hanover is a thriving stable community with much to offer including consistent quality housing.