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Market Conditions in 03109 : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 4
Thu Jan 27, 2011
Christopher Lefebvre answered:
There are 189 condos listed on the NH MLS in Manchester right now under $200k. If you are interested in considering purchasing one feel free to contact me and I would be happy to prepare a free CMA report for you so you can know what other similar condos have recently sold for in the same area. There is certainly a lot of supply right now and prices are related to supply and demand.

Unfortunately, it is impossible for any Realtor to predict the future value of a certain piece of property accurately because there are too many factors involved such as economic conditions, area market demands, local and national policies (laws/taxes), etc. It would be pure speculation.

Contact me through my profile if there is anything I can do to help you out.

Thank you,

Chris Lefebvre
Realtor
eXp Realty
teamlefebvre.net
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Sun Jun 27, 2010
Lee Johansen answered:
Hi,

I think as a rule of thumb, any cap rate over 10 is very good. The lower the cap rate, the better the building should be, meaning less risk... less return. I've created a cap rate spread sheet that I would be happy to send you for your reference...

Thanks, Lee


______________________________________
Lee P. Johansen
Keller Williams Realty Metropolitan
2 Bedford Farms Dr., Bedford, NH 03110
Cell: 603-315-0739
Fax: 603-628-2246
Office: 603-232-8282
E-Mail: Lee@LeeJohansen.com
http://LeeJohansen.com/
http://leejohan.yourkwagent.com/
Licensed in New Hampshire
______________________________________

OH BY THE WAY
I'm never too busy
for your referrals
______________________________________
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Thu Jul 31, 2008
Barry C Hoffmann answered:
This is a very good question. If I had the definitive answer I would be famous, I am sure of that. I believe though it is a combination of factors. A lot of Buyers are in a wait and see posture. With so much negative press on the Mortgage and Real Estate Sales Industry it is no wonder they are undecided. The fact is that right now there are some real good buying opportunities out there and investors and others are just now starting to pick up on them. If the Buyers wait too long they may miss a great opportunity to purchase a home for a significant savings over last year. ... more
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Tue Mar 18, 2008
Lee Johansen answered:
Rentals in New Hampshire’s condo market continue to be strong. I own several condos and have had little trouble getting tenants. Rental rates vary depending on whether or not the heat is included in the rental price. As for location, I believe Manchester has the largest rental market. This is no surprise considering it is the largest city in NH. Manchester is also conveniently located with major highways such as I93 going north to the lakes region or south to Massachusetts. Rt. 101 goes through Manchester with Keene to the west and Hampton and Portsmouth areas to the East. The Everett Turnpike also goes through Manchester and is a quick 20 minute ride to the Nashua area. Manchester is also home to the Boston/Manchester airport making it an ideal location for travelers. Please visit my web site for a complete list of available condos in southern NH. http://leejohansen.com/list/condo/
Best of luck, Lee
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