Salem NH Home Sales Report for August 2014
Salem NH home Home sales in Salem has seen the most steady increase in home sales. With its average listing and sold prices as well as Days on the Market having a consistent rise since the start of the year. The increase in inventory which is seasonally likely in the coming summer months may slow further price increases as well. As you can see with the comparative analysis from the last three months June and July Ave. Sold and Ave price has been in the 270k to 300k range, proof that the market in Salem is stable and the trend will continue till the end of summer. This Aug, more than half of homes sold, were sold for the listing price or more. Compared to Aug 2013 both are about Identical. Below are the comparisons from last year and two months ago:
Month # SOLD Ave Sold Ave List* DOM**
August 2014 40 $310,000 $318,950 28
July 2014 30 $285,000 $284,900 25
June 2014 34 $295,950 $297,250 25
August 2013 33 $284,500 $289,900 35 ONE YEAR AGO!!!
Here’s a map of the homes that sold in Salem NH during August:
Check out “Market Insider” on my website to see the market trends in Salem real estate over the last year. While at Market Insider, you can research many other topics (and even compare towns) regarding education, household income, crime, and more! Below are the numbers of houses in each of the segments of the Salem NH real estate market at the end of June 2014:
$10-100,000 1 active, 0 under agreement
$100-200,000 9 active, 8 under agreement
$200-300,000 48 active, 22 under agreement
$300-400,000 29 active, 11 under agreement
$400-500,000 18 active, 5 under agreement
$500-600,000 13 active, 8 under agreement
$600-900,000 13 active, 4 under agreement
Salem Totals: 131 active, 58 under agreement (189 total): Aug this year shows an all time high since 2012, having a 20% increase from last year, while having a significant increase from last years totals.
2013 Totals: 104 active, 63 under agreement (167 total)
2012 Totals: 124 active, 55 under agreement (179 in all)
Looking at these numbers, we see that 41% of the inventory is under agreement ! So, which one of these segments of the Salem NH home market would YOUR HOUSE be in? If you are interested in selling a Salem NH home, no matter which price range you are in, contact me today so we can talk about getting your house ready.
What was the “Deal of the Month”?
For the seller: 33 Seed Streeet : built in 1950, located in a commuter friendly neighborhood, sold for $236,000 originally listed for $229,900. Up by a few thousand! 5 bedrooms, 1 baths, with 1,834 sf of living area on .33 acres of land that has a great location! Congratuations to the seller and the agent! This is what you call a sale!
For the buyer, 17 Dyer Ave. Buyers where able to get this 1974 Ranch for $249,400. 6k less than the asking price! This home, has 3 bedrooms, 2 baths in 1,407sf of living area on .27 acres! Congrats for an awesome buy!
If you are looking to buy a Salem NH home this year, stop now and start searching Salem NH homes right away! If you need some more information to get started, I have many blog posts and I am available to meet with you as soon as you contact me on the phone at 603-318-6953 to make an appointment! I look forward to hearing from you soon so we can find you and your family a terrific Salem NH home!
Alternatively, if you would like to attend a Home Buyer Seminar first to get some tips on making your home buying search successful with the least amount of trouble, my next home buyer class is July 8th at 6:30 in Andover. Can’t make that date? Call or text me today at 603-318-6953 to schedule something asap. Additionally, you can check out my YouTube Channel: TeamKruzelTv.
* Ave list: this refers to the average list price of the homes SOLD during that 30 day period of time
** DOM: Days on Market
Ber Months are coming!!