Here is a quick look at Chocorua Ski & Beach Club. It's a small development in Tamworth with:
For those who love numbers! Here is a summary of Fannie Mae's May update. Full article here.
Look like home prices are expected to stay strong and we're stuck with rates around 7 for a while!
Economic Overview:
Housing Market:
Consumer Spending and Labor Market:
Overall, while the economic growth is expected to be slow and interest rates remain high, the housing market shows resilience with a gradual increase in sales and a solid pace of new home construction due to limited existing home supply. Home prices will continue to rise, though at a slower rate, and mortgage originations are adjusted downwards due to higher mortgage rates.
Here is a look at the Rocky River Resort in Bartlett, NH.
Here are active listings in that development.
Here is a quick look at the Christmas Mountain condos in Bartlett.
Here are the current listings
Here is a quick tour of Eidelweiss in Madison, New Hampshire.
Here is a link to homes currently on the market in Eidelweiss
Welcome to the latest update on the Bartlett, NH real estate market. Let's dive into the current trends and statistics for both single-family homes and condos in the area. Here are the latest numbers:
Active Listings:
Pending Listings:
Closed Listings (last 90 days):
Active Listings:
Pending Listings:
Closed Listings (last 90 days):
The Bartlett real estate market is showing some interesting dynamics this season. Here's what we're seeing:
The market for single-family homes in Bartlett remains strong. The median price for active listings stands at $899,000, indicating a healthy demand for higher-end properties. With only 14 active listings, inventory remains relatively low, which could be contributing to the higher median prices.
Pending sales have a median price of $429,900, suggesting a more moderate price range for homes currently under contract. The closed sales over the last 90 days show a median price of $495,000, with more than half of these transactions being cash sales. This indicates a strong presence of cash buyers, possibly investors or second-home buyers, looking to take advantage of the market conditions.
The condo market in Bartlett is also active, with 17 current listings. The range of prices is quite broad, from $279,900 to $3,000,000, showing diversity in the types of condos available, from more affordable units to luxury properties.
Pending condo sales have a median price of $429,500, slightly higher than the median price of active listings. This trend could suggest an increasing interest in higher-end condos. The median price for closed condo sales over the past 90 days is $375,000, with a notable number of these sales (8 out of 21) being cash transactions, again highlighting the trend of cash buyers in the market.
Overall, the Bartlett real estate market is characterized by low inventory and high demand, particularly in the higher price ranges for both single-family homes and condos. The prevalence of cash transactions suggests a competitive market with many buyers looking to close deals quickly. If you're considering buying or selling in Bartlett, now might be a strategic time given the current trends.
Feel free to reach out for more detailed information or specific inquiries about properties in the Bartlett area.
Some cool properties this week!
A focus on safety with this week's email! You will see a bunch of places with a lot of potential, but bedrooms that need some work to be proper bedrooms.
Here is a link to the properties
When purchasing land, whether for personal or commercial use, understanding the intricacies of property boundaries is crucial. For buyers exploring potential properties, it’s essential to have accurate and reliable tools at your disposal to make informed decisions. One such tool that is transforming the way buyers evaluate land is the OnX Hunt app. Originally designed for hunters to identify public and private boundaries, OnX Hunt is equally valuable for land buyers due to its detailed mapping and GPS capabilities.
One of the primary concerns for any land purchase is knowing exactly where your property begins and ends. OnX Hunt uses advanced GPS technology to show highly accurate boundary lines in real-time. This feature is incredibly helpful during property visits, ensuring that you, as a buyer, are fully aware of the land's limits and can plan accordingly for any future use you might envision.
Understanding the physical characteristics of a property is just as important as knowing its boundaries. OnX Hunt provides buyers with detailed topographical maps and satellite imagery, offering a comprehensive view of the terrain. This information is crucial for assessing the usability of the land, be it for construction, agriculture, or conservation purposes.
OnX Hunt’s mobile accessibility means you can have this valuable information right at your fingertips while you're on-site. This can enhance your ability to make immediate assessments and decisions as you walk the property. The app’s easy-to-use interface allows you to switch views between satellite imagery, topographical maps, and hybrid overlays, providing a multi-dimensional perspective of the land.
Before visiting a property, use OnX Hunt to familiarize yourself with its layout. You can view the property’s boundaries, topographical details, and other geographical features ahead of time, which helps in planning your visit and knowing what areas you might want to inspect more closely.
Bring OnX Hunt with you during property tours. Use the app to verify the boundaries shown by the seller or agent against what is officially recorded. This not only provides peace of mind but also aids in visualizing potential development or use of the space. Discuss what you see with your agent or the seller to clarify any discrepancies or concerns right there and then.
Combine the data from OnX Hunt with other property information you gather, such as local zoning laws, environmental restrictions, and previous land uses. This comprehensive approach will give you a fuller understanding of what the land offers and any limitations it might have.
The RSPS designation is given to real estate professionals who have completed a specialized course covering the nuances and specifics of buying and selling resort and second-home properties. It includes training on topics such as tax implications, investment strategies, and the lifestyle factors that are unique to the resort and second-home market. This designation is a testament to a broker's commitment to understanding and excelling in this niche area of real estate.
With the RSPS designation, Dave has deepened his knowledge of the market trends specific to resort and second homes. This expertise allows him to provide invaluable insights to buyers about the best times to buy and sell in the North Conway area, ensuring that clients make the most informed decisions.
Second homes and resort properties come with their own set of financial implications, including tax considerations and investment opportunities. Dave's training enables him to offer specialized guidance on how to navigate these complexities, helping buyers to optimize their investment and enjoy the lifestyle benefits of owning a second home.
North Conway is known for its beautiful landscapes and vibrant community, making it a popular choice for second-home buyers. Dave's local expertise and professional connections, enhanced by his RSPS designation, mean that buyers have access to the most comprehensive information on local amenities, community events, and other lifestyle factors that are crucial when choosing a second home.
Understanding that buying a second home is about more than just a financial investment, Dave leverages his RSPS training to focus on the lifestyle aspirations of his clients. Whether it's a cozy ski chalet close to Mount Washington Valley ski resorts or a serene retreat by the Saco River, Dave is equipped to match every client with the perfect property that suits their dreams and lifestyle needs.
We have exciting news to share: Dave, your trusted local real estate broker, has recently achieved the prestigious Accredited Buyer’s Representative (ABR) designation. What does this mean for you?
The ABR designation signifies a significant milestone in Dave's career, reflecting his commitment to providing exceptional service to homebuyers. It represents a higher standard of expertise and professionalism in the field of buyer representation.
Dave’s dedication to attaining the ABR designation underscores his ongoing efforts to elevate the home buying experience for clients in North Conway. It signifies his comprehensive understanding of the intricacies of the real estate market and his ability to effectively navigate the complexities of the buying process.
For prospective homebuyers in North Conway, Dave’s ABR designation translates to a heightened level of support and guidance throughout their home buying journey. From assisting clients in defining their preferences and priorities to skillfully negotiating favorable terms, Dave is equipped to deliver personalized solutions tailored to meet each client’s unique needs.
Moreover, Dave’s affiliation with the ABR network provides access to valuable resources and insights, ensuring that clients benefit from the latest market trends and developments. By staying informed and connected, Dave remains well-positioned to provide clients with informed guidance and strategic advice.
Whether you’re a first-time homebuyer or a seasoned investor, Dave’s ABR designation signifies his unwavering commitment to delivering exceptional service and unparalleled expertise. With Dave as your trusted advisor, you can navigate the North Conway real estate market with confidence and peace of mind.
This article from the Conway Daily Sun (4/24) says the town of Madison is suing an Eidelweiss owner for operating a short term rental. Will be very interesting to see how this plays out....
When selling a condominium in New Hampshire, it's crucial to be aware of the legal requirements set forth by the New Hampshire Condominium Act, specifically RSA 356-B:58. This regulation outlines what sellers must disclose to potential buyers, ensuring transparency and protecting both parties during the transaction. Here’s what you need to know.
1. General Description of the Unit and Common Areas
The seller must provide a detailed description of the condominium unit and its designated common areas. This includes specifying the boundaries of the unit, as well as a description of the common areas and facilities that the new owner will have access to and a part of their ownership rights.
2. Statement of Use
A statement detailing the intended use of the unit is required. This includes any restrictions on its use as residential or commercial space, which can significantly influence a buyer's decision.
3. Association Fees and Assessments
This disclosure must include detailed information about the regular condo association fees, as well as any special assessments that are currently in effect or planned for the future. It’s important for buyers to understand their financial obligations beyond the purchase price.
4. Copies of the Declaration, By-Laws, and Rules
Sellers must provide copies of the condominium’s declaration, by-laws, rules, and regulations. These documents govern the operation of the condominium and outline the rights and responsibilities of unit owners.
5. Insurance Coverage
Details about the insurance coverage maintained by the condominium association should be provided. This includes what aspects of the property are covered by the association’s policy and what must be covered by the owner's personal policy.
6. Financial Health of the Association
Sellers need to disclose the current financial status of the condo association. This includes the most recent balance sheet, operating budget, and any reserve studies. Knowing the financial health of the association can help buyers assess potential future costs and the stability of their investment.
7. Litigation and Unresolved Violations
Any ongoing litigation or unresolved municipal code violations involving the condominium must be disclosed. These could affect the ownership rights or financial responsibilities of the prospective buyer.
8. Rights of First Refusal
If there are any rights of first refusal or other similar restrictions that could affect the sale or transfer of the unit, these must also be disclosed.
Transparency is key in any real estate transaction, but especially so in the sale of a condominium due to the complexities involved with part ownership of common areas and shared responsibilities. Understanding and complying with RSA 356-B:58 not only helps sellers avoid legal pitfalls but also builds trust with potential buyers.
For anyone considering selling their condominium, it’s advisable to consult with a real estate professional familiar with New Hampshire law to ensure all disclosures are complete and accurate.
I've done quite a bit of work to put together the most convenient way to search for you... and I hope you like it!
Any site will let you search by town or price, but North Conway Realty has the most extensive list of map-based custom searches to make your house hunting easier.
Here is a link to these custom searches so you can find exactly the property that fits your needs.
Hey Conway Landlords, Brace Yourselves for the Inspection Storm!
Conway's rental landscape is about to get rocky. The town has rolled out a mandatory rental license program. Yes, despite the green light from voters on Article 24, not everyone's on board with the whole "big brother" vibe.
The aim? To keep renters out of harm's way. Noble, sure, but many are asking at what cost—and whose expense? This new program is diving into life safety checks, rooted in the New Hampshire Life Safety Code, which is stirring up quite the pot.
Here's what's on the town's inspection hit list:
Now, don't get me wrong—I'm all for keeping people safe. But there's chatter that this inspection spree might just be the tip of the iceberg. Some landlords are riled up, murmuring about privacy, the hassle, and the 'what-ifs' of finding issues.
Privacy? Yeah, the town says they'll respect it. But you tell me, how cozy does it feel knowing inspectors will be peeking into every nook and cranny of your property?
And what happens if they find something? They say they'll play nice, working with you to fix things up "reasonably." But that's a word that can bend in the wind, and some landlords are bracing for a mess.
The program is administered by Nicholas DeVito, the Zoning Officer. You'll need to call him up at (603) 447-3811 to get on the inspection schedule.
Now, here’s the kicker: this could all end up in a legal tangle. There's talk of disputes and challenges that could drag this out in the courts over the next couple of years. It’s not just about safety anymore—it's about legal rights, property ownership, and where the line gets drawn.