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Market Conditions in Jaffrey : Real Estate Advice

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Activity 3
Tue Dec 17, 2013
John Yost answered:
Sadly the rates are up to 29 mils here, which translates to 2900 per hundred thousand of appraised value. My 125k appraised home taxes are now up to ~$300/month. I'm selling my 3BR home at 3 White Road for 145k after 50k of improvements. ... more
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Fri Aug 14, 2009
Joe Ryan answered:

Do not believe these realtors. I was in the area a couple of months ago and have been watching it. The prices are dropping and they will continue to drop. There is little activity. ... more
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Tue Jan 29, 2008
Dane Hahn answered:
Barry Miller (whose answer follows mine) gives you good data, and a sense of how the market is going.
You can see from the data that the (velocity of sales) i.e. the total number of homes sold per year has shrunk, and while the dollars per square foot seem to have gone up, really the data shows that the less expensive homes are not selling at all, and that the finer quality homes are selling but for less money than we've seen in the recent past.

The attitude of the sellers today is such that sellers don't believe they will get an offer at this time of year, so many have decided to pull their homes from the MLS inventory. You will see a glut of homes on the market in late February or early March--depending on the amount of snow on the ground. A good thaw will do wonders for the inventory--at issue is, will there be buyers in place at that time? If there are buyers taking advantage of their tax refunds and any tax credit (from the Administration) and a new lower mortgage rate from the Fed, then maybe we Realtors will be busy.
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