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:
Single-Family Homes
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Active Listings:
- Number of active listings: 14
- Lowest price: $389,000
- Highest price: $1,725,000
- Median price: $899,000
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Pending Listings:
- Number of pending listings: 5
- Lowest price: $269,000
- Highest price: $895,000
- Median price: $429,900
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Closed Listings (last 90 days):
- Number of closed listings: 11
- Lowest price: $360,000
- Highest price: $849,000
- Median price: $495,000
- 6 out of 11 sales were cash transactions
Condos
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Active Listings:
- Number of active listings: 17
- Lowest price: $279,900
- Highest price: $3,000,000
- Median price: $424,900
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Pending Listings:
- Number of pending listings: 8
- Lowest price: $199,500
- Highest price: $839,000
- Median price: $429,500
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Closed Listings (last 90 days):
- Number of closed listings: 21
- Lowest price: $170,000
- Highest price: $899,000
- Median price: $375,000
- 8 out of 21 sales were cash transactions
Market Commentary
The Bartlett real estate market is showing some interesting dynamics this season. Here's what we're seeing:
Single-Family Homes
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.
Condos
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.