Please contact Dave at 603-494-8485 or Dave@NorthConwayRealty.com for details.

1 bedroom unit – $650/month with 1 year lease.  Tenant will pay heat & electric.
2 bedroom units – $800/month with 1 year lease.  Tenant will pay heat & electric.

Here is some information on getting started with the loan process.

Thanks Pat!

Pat can be reached at:

Pat Jones
Senior Loan Advisor
Certified Mortgage Planning Specialist

45 Washington Street
Conway, NH
(603)447-1101 phone
(800)356-5150 toll free
(603)546-4004 fax

www.pjoneshomeloans.com

NMLS#110217/ME LIC#LO35578/NH LIC#NH110217

NH Mortgage Banker 14493-MB-BCH

• Gourmet kitchen
• Beautiful fireplace
• Huge cathedral ceilings
• 3 bedrooms
• Almost 2 private acres
• Wraparound deck with some mountain views
• Huge living room in finished basement
• Efficient wall-hung boiler
• Excellent rental history!

Here is the monthly sales report provided by NNEREN.  March 2012 shows some great signs for the real estate market in Carroll County!  Sales compared to March 2011 are (for residential properties)

• sold listings up 65%
• volume of sold listings in $$$ up 113%
• median sales price is up 16%

Some encouraging news for sure!
Click here to view the March sales data.

Sales of investment and vacation homes jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors.

NAR’s 2012 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2011, shows investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010. Owner-occupied purchases fell 15.5 percent to 2.78 million.

Vacation-home sales accounted for 11 percent of all transactions last year, up from 10 percent in 2010, while the portion of investment sales jumped to 27 percent in 2011 from 17 percent in 2010.

NAR Chief Economist Lawrence Yun said investors with cash took advantage of market conditions in 2011. “During the past year investors have been swooping into the market to take advantage of bargain home prices,” he said. “Rising rental income easily beat cash sitting in banks as an added inducement. In addition, 41 percent of investment buyers purchased more than one property.”

All-cash purchases have become fairly common in the investment- and vacation-home market during recent years: 49 percent of investment buyers paid cash in 2011, as did 42 percent of vacation-home buyers. Half of all investment home purchases in 2011 were distressed homes, as were 39 percent of vacation homes.

“Clearly we’re looking at investors with financial resources who see real estate as a good investment and who aren’t hesitant to use cash,” Yun said. Of buyers who financed their purchase with a mortgage, large downpayments were typical. The median downpayment for both investment- and vacation-home buyers in 2011 was 27 percent.

“Given the tight credit in recent years, many would-be normal home buyers for owner occupancy declined,” Yun said.

The median investment-home price was $100,000 in 2011, up 6.4 percent from $94,000 in 2010, while the median vacation-home price was $121,300, down 19.1 percent from $150,000 in 2010.

Investment-home buyers in 2011 had a median age of 50, earned $86,100 and bought a home that was relatively close to their primary residence – a median distance of 25 miles, although 30 percent were more than 100 miles away.

“The share of investment buyers who flipped property remained low in 2011, and many of those homes likely were renovated before reselling,” Yun said. Five percent of homes purchased by investment buyers last year have already been resold, up from 2 percent in 2010. The typical investment buyer plans to hold the property for a median of 5 years, down from 10 years for buyers in 2010.

The typical vacation-home buyer was 50 years old, had a median household income of $88,600 and purchased a property that was a median distance of 305 miles from the primary residence; 35 percent of vacation homes were within 100 miles and 37 percent were more than 500 miles. Buyers plan to own their recreational property for a median of 10 years.

Lifestyle factors have consistently been the primary motivation for vacation-home buyers, while the desire for rental income drives investment purchases. Vacation homes purchased last year were more likely to be in suburban or rural areas; investment homes were concentrated in suburban locations.

Eighty-two percent of vacation-home buyers said the primary reason for buying was to use the property themselves for vacations, or as a family retreat. Thirty percent plan to use the property as a primary residence in the future, and only 22 percent plan to rent to others.

Half of investment buyers said they purchased primarily to generate rental income, and 34 percent wanted to diversify their investments or saw a good investment opportunity.

Sixteen percent of vacation buyers and 14 percent of investment buyers purchased the property for a family member, friend or relative to use. In many cases the home is intended for a son or daughter to use while attending school.

Forty-two percent of vacation homes purchased last year were in the South, 30 percent in the West, 15 percent in the Northeast and 12 percent in the Midwest; 1 percent were located outside of the U.S.

Forty-four percent of investment properties were in the South, 23 percent in the West, 17 percent in the Midwest and 15 percent in the Northeast.

Eight out of 10 second-home buyers said it was a good time to buy. Nearly half of investment buyers said they were likely to purchase another property within two years, as did one-third of vacation-home buyers.

Currently, 42.1 million people in the U.S. are ages 50-59 – a group that has dominated second-home sales since the middle part of the past decade and established records. An additional 43.5 million people are 40-49 years old, while another 40.2 million are 30-39.

“Given that the number of people who are in their 40s is somewhat larger than the 50-somethings, the long-term demographic demand for purchasing vacation homes is favorable because these younger households are likely to enter the market as their desire for these kinds of properties grows, and individual circumstances allow,” Yun said.

NAR’s analysis of U.S. Census Bureau data shows there are 8.0 million vacation homes and 42.8 million investment units in the U.S., compared with 75.3 million owner-occupied homes.

Found on http://www.housingzone.com

View from Eagle Ridge

If you are looking for North Conway condominiums, then you should definitely check out www.NorthConwayCondos.com.  We have information on the most popular condominium complexes, along with current listings at each development.

Here are some of the most popular searches featured on the site:

Attitash Woods condos for sale

Christmas Mountain condos for sale

Eagle Ridge condos for sale

Nordic Village condos for sale

Trailside ski condos for sale

These links automatically update, so you’ll always have the most recent information.  If you are looking for a unit in a specific development, just email me & I’ll keep  my eyes out for you!

Spring has sprung & if you have been thinking about listing your home, now is a wonderful time!  If you are searching for the best real estate broker to handle your listing, Dave Grant at Blue Moose Vacations must be on your list.

For a limited time, Blue Moose is offering a discounted real estate commission that can save you thousands of dollars while giving you more control over your own listing.

• Save thousands on commission expense
• Know exactly what your advertising schedule will look like
• Be in regular communication with your agent
• Get an updated monthly market analysis
• Get all the services of a regular listing — this IS NOT a “do it yourself” listing.

Contact Dave for details today!

86 Scenic View Circle, Conway, NH 03860 (MLS # 4130600)

View Virtual Tour

Sun filled 2800 SF, 4 Bedroom, 3 1/2 Bath, 3 level townhouse, located a stone's throw from Cranmore Ski Area, is the perfect family getaway. Comfortable living room with fireplace (which opens to the dining area and kitchen) is a great space to relax with friends after a day of skiing. Huge lower level family room offers plenty of space for entertaining. Master bedroom suite with views to Cranmore and large deck off of the living room.

Property Type(s): Condo

Last Updated	5/6/2012	Tract	n/a
Year Built	1989	Community	n/a
Garage Spaces	1.0	County	Carroll
Total Parking	2	Walk Score ®	3

Price History

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Josh Brustin, Pinkham Real Estate

(view all details for MLS #4130600)

Here is February’s sales data (from NNEREN).  Days on the market are down, but so are average selling prices & average price per square foot. Looks like prices have dropped to a point where buyers are jumping on some deals!  In Carroll County, the number of new listings and sold listings are up, the volume of sales are up, but the median prices are lower (compared to last year).  Definitely more activity out there for buyers & sellers!

Click here for the report.  The North Conway area is Carroll County.  Feel free to call Dave with any questions 603-494-8485, or leave a comment here.

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