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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
Nottingham is located in Rockingham County, New Hampshire. It contains fourteen lakes and ponds. Nottingham is located 24 miles from Manchester and once included the towns of Deerfield and Northwood.
Recreational opportunities include fishing, boating, snowmobiling, bicycling and cross-country skiing. Nottingham is also home to Pawtuckaway State Park, which includes hiking trails, campgrounds, a mountaintop fire tower, a marsh and a field with large glacial boulders.
Nottingham is home to many old and historic buildings dating back to the 1800’s. Nottingham’s town hall, originally referred to as the Town House, was built in 1856. The town’s Grand Hall, originally a church, was built in 1841. The Dame Center School was built in the early 1800’s.
According to the 2000 U.S. Census Bureau, Nottingham’s population at the time was 4,490 people. This included 1,331 households and 1,048 families. The average family size was 3.08 and the average household size was 2.78. Nottingham is comprised of 48.4 square miles of land and 1.9 square miles of water.
Nottingham Real Estate and Homes: In 2000, there were 1,592 homes in Nottingham and an average of 34 homes (houses / condos) per square mile. By 2007, it was estimated that real estate in Nottingham was comprised of a total of 2,021 homes. This included 1,875 single-family homes and 70 multi-unit homes.
Please contact Better Homes and Gardens Real Estate The Masiello Group for homes for sale in Nottingham, New Hampshire, homes for sale in Rockingham County, New Hampshire, and for all your real estate needs.