NH Real Estate News

  State personal income grew 1.0 percent during the first quarter as 22 of the 24 industries the BEA tracks posted gains during the quarter. Healthcare, construction and technology fueled growth in the first quarter.   Incomes Rose Across Most Industries and Regions State personal income grew at a 1.0 percent pace during the first quarter, matching the pace from the fourth quarter of last year. Earnings grew in 22 of the 24 categories tracked by the Bureau of Economic Analysis (BEA), with healthcare, construction and professional, scientific & technical services making the largest contributions to earnings growth.   Earnings in healthcare rose in every state and made a disproportionately large contribution in slower growing states, such…
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Real Estate at the State House, 2016 in Review

Courtesy of an article published by the NH Realtors, Government Affairs 

There was no shortage of bills pertaining to the real estate industry in 2016, and your Government Affairs team was working hard to advocate on behalf of New Hampshire's property owners and your business. Below are a few of the more significant pieces of legislation that NHAR had its collective eyes on this year. 

What passed out of the legislature ...

Radon in the Water

Senate Bill 311: NHAR worked with the NH Department of Environmental Services (DES) for over a year and a half in an attempt to alter the state's strictest-in-the-country guidance on private wells with radon in the water. This bill

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Gina O'Keefe has recently joined the Gove Group team!

The Gove Group is proud to welcome Gina O’Keefe to our team of successful Realtors. While new to the real estate community, Gina brings a wealth of professional experience to the table, and an impressive base of business clients in southeastern New Hampshire and the North Shore of Massachusetts. She is a Notary Public and has overseen real estate transactions throughout her professional career.

Raised in Lynn, Massachusetts, Gina had lived in Maine, Vermont and New Hampshire, before settling in Epping, NH in 2007. She is a true New Englander. She earned her Bachelor of Science in Psychology from Lesley University in Cambridge. Her business experience in marketing, human resources, executive

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The Gove Group is proud to welcome Hank and Candus Cavaretta, an experienced husband-and-wife Realtor team, to our Stratham office!

Candus and Hank Cavaretta are a husband-and-wife team, both experienced New Hampshire Realtors. Together they specialize in single family residential, condominium sales, luxury waterfront properties, vacation/second homes, as well as residential leasing. Candus and Hank bring knowledge, experience, integrity, and professionalism to every transaction.

As a native to the Seacoast area, Candus Cavaretta is very familiar with the local communities. She has resided in Portsmouth for the majority of her life, raised two sons and actively participated in the Portsmouth school system. Candus was a military dependent and

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The Gove Group is proud to announce two of our latest subdivisions have sold out !!!

The Cottages at Spruce Wood - 14 Homesites offering maintenance free, single level living options for 55+ buyers, located in Durham, New Hampshire. Homes were priced from the mid $200’s to high $300’s. 

As well as many of our other new home communities, Spruce Wood was built by Chinburg Properties. Chinburg Properties is a fully integrated development and construction firm with over twenty years of experience in New Hampshire and Maine. Although this subdivision has been sold out, we have many other high quality new home communities you are able to look through! View our other 55+ communities here.

For more information on high quality Chinburg Properties and

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Although home sales this month increased by 39% over the month prior, that is only a slightly better uptick than we usually see month over month for April to May. Even with that increase in home sales this month, total sold this May versus last may decreased by 19%. A large part of this modest decline is the lack of current inventory on the market. As of right now there is only a 3.5 months’ supply of housing in Rockingham and Strafford counties and that number has been on a downward trend. We only expect this number to continue to decrease in the coming months as there are currently 1,345 single family homes in Rockingham and Strafford County currently under agreement and only 1,673 active single family listings. We have reached a point where many towns

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Get local with your new home searches with Twitter and Instagram. Search for open houses in your local area by Hashtags. You're more likely to find up to the moment information on the home of your dreams.  

The tech savy, and not so tech savy people are jumping on the hashtag train so why not use it to your advantage? The majority of buyers are doing their research online before they even meet with an agent. By adding a hashtag (#) to photos on social media, we are attracting an audience in a target location with similar interests. Follow #WeKnowNewConstruction to learn about your community and what new construction homes are available. Also, by adding #thegovegroup, you're sure to get the most updated listings in one convenient location. 

Look

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Nationally new home sales had a nice little spike with the April spring market. The gains in the market reached the highest peak since April of 2008.

We would like to share with you New Hampshire's Top Ten Highest Appreciating Cities Since 1990. Is your home town on the list?

1. Portsmouth
2. Somersworth
3. Mason
4. Seabrook
5. Meredith
6. Lyme-Dorchester Area
7. Newmarket
8. Hillsborough & Windsor
9. Greenland & Newington
10. Hampton

What does this mean to a potential buyer?  This data helps home buyers and real estate investors separate good performing neighborhoods from those that appear to be appreciating well right now, but that history has shown to lose their value more easily in past downturns. Since a home purchase is often the largest single…
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For the second month in a row, we saw an unusually low amount of single-family home closings in Rockingham and Strafford counties in April.  Although there was a little bit of an increase over the number of closings in March, April still saw roughly 70 fewer closings than it did in the past three years.  This is likely due to the quieter-than-usual winter we saw.  Also, there was an usually high number of closings in February, so we should see an increase again this coming month.

April rang in with the highest average sale price in Rockingham and Strafford counties that we've seen since January.  Now closer to the high 200's, April's average sale price for single-family homes came in at $279,177.  The last few years have not seen a tremendous

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The numbers below show that this January was slower than last year, in terms of closings for Rockingham and Strafford counties as a whole. We are still optimistic, however, that the Spring Market we're entering into will bring a surge of closings throughout the spring and summer months, as the trends show.     Average sale prices in Rockingham and Strafford counties continue to creep up, hitting $292,656 in January. If the trends continue, we may expect to see the average sale price hit $300,000 at some point this year. With the market we're expecting to see this year, bidding wars and heavy competition for small amounts of inventory may help drive sale prices up faster than the trends might indicate.       
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