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By Peter Francese
First quarter residential home sales in New Hampshire were 17 percent above 2011 and the highest they have been since 2007. Maybe it was the mild winter, or perhaps it was the rising stock market. Whatever it was, it may predict a very good year and the beginning of the end of this historically long period of flat home sales.
Every year for the past four years, first quarter residential home sales were in the narrow range of 1,675 and 1,900 units, and total sales for those years (2008 through 2011) never exceeded 10,800 units. During that same, four-year period, first quarter home sales averaged about 17 percent of the entire year’s sales.
First quarter home sales this year reached 2,223, the first time since 2007 that the number has exceeded 2,000. If that ends up being 17 percent of 2012 sales, the state would reach 13,076 homes sold in 2012, the most since 2006. If, as in 2007, first quarter sales end up being 20 percent of the year’s sales, we can expect about 11,100 homes sold in 2012, still higher than any year since 2007.
My view is that 2012 residential home sales will match the 12,000 sold back in 2007.
Here’s the sales data for the first quarter and annually since 2006
Chester is located in Rockingham County, New Hampshire. It is home to Chester College of New England and Chester Academy.
Chester was incorporated in 1722 and once included the town of Candia. It was originally called The Chestnut Country.
According to the 2000 U.S. Census Bureau, Chester’s population at the time was 3,792 people. This included 1,214 households, 1,011 families and 1,247 homes. The average family size was 3.38 and the average household size was 3.09. Chester is comprised of 25.9 square miles of land and 0.1 square miles of water.
Chester Real Estate and Homes: In 2000, there were 1,247 homes and there were 48 homes (houses / condos) per square mile. In 2007, it was estimated that Chester’s real estate was comprised of 1,563 total homes. This included 1,408 single family houses and 124 multi-unit homes.
Please contact Better Homes and Gardens Real Estate The Masiello Group for homes for sale in Chester, New Hampshire, homes for sale in Rockingham County, New Hampshire, and for all your real estate needs.