Why It may be a Great Time to sell your Condominium
in laconia, New Hampshire February 19, 2019
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If you've considered selling your condominium in Laconia, New Hampshire, the data suggests that now is an opportune time.
Condominiums in Laconia are selling at the highest prices and fastest speeds in over a decade. Peaking prices, plummeting "days on market" and a limited inventory make it a seller's market. Will you profit from it? |
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Peaking prices offer the Opportunity to maximize return on investment
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It's a great time to sell property in Laconia because condo prices are peaking.
In 2018 Laconia's median "closed" price for condominium homes was the highest since 2005. Homeowners who missed the opportunity to sell at the previous peak had to wait more than a decade for home values to recover. |
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Rapid Home sales Pace means faster money for sellers
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It's also great time to sell your Laconia condo because in addition to the highest property values in ten years, condominium homes are selling at the fastest median pace since 1997.
In 2018 the median number of days "Days on Market" for Laconia condos fell to just 18!
The number of days on market tends to be inversely proportionate to buyer demand. A low number of days on market suggests a high amount of consumers with high motivation and capability to buy. |
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Use-to-cost ratios: High and rising property taxes make ownership more costly
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It can be costly to maintain property in New Hampshire, especially if it's unused or under-utilized.
New Hampshire has the third highest average property tax rate in the country, and Laconia has one of the highest property tax rates in New Hampshire's Lakes Region. Laconia raised property taxes 17 percent between 2009 and 2017. |
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Rising taxes don't cover other typical homeowner expenses such as:
- condo/association fees
- homeowner’s insurance
- heating fuel (year-to-date costs are the highest since 2014)
- electrical costs (the sixth-highest in the United States / 35.27% greater than the national avearge)
- mortgage payments
- cable, telephone, internet
Will you profit from the seller's market?
That's the big picture overview of why it may be a great time to sell a condominium in Laconia, New Hampshire.
Generally, Laconia homes are selling at the highest prices and fastest speeds in at least a decade and it's a seller's market due to strong buyer demand and a limited supply for for-sale homes.
Are you curious about how much money you could earn for your property in today's market conditions?
Generally, Laconia homes are selling at the highest prices and fastest speeds in at least a decade and it's a seller's market due to strong buyer demand and a limited supply for for-sale homes.
Are you curious about how much money you could earn for your property in today's market conditions?
Contact me for a complimentary market analysis of your home's value.
Copyright 2018
Brent Metzger is actively licensed as a sales agent (# 072494) with the New Hampshire Office of Professional Licensure, Certification/NH Real Estate Commission, and is affiliated with brokerage Roche Realty Group / 97 Daniel Webster Highway Meredith, NH 03253 / office: (603) 279-7046
Brent Metzger is actively licensed as a sales agent (# 072494) with the New Hampshire Office of Professional Licensure, Certification/NH Real Estate Commission, and is affiliated with brokerage Roche Realty Group / 97 Daniel Webster Highway Meredith, NH 03253 / office: (603) 279-7046
