Eastman Real Estate Blog

Hard to believe that we are three weeks into the new year already….how time flies!!!

For all you condo owners, potential and future here is what 2011 looked like for Eastman Condo sales.

For the year there were 9 units sold. The lowest priced was 68 Pintail Knob for $130,000 The highest priced was 24 Pleasant Dr. a waterfront Parkhurst, selling for $260,000. The median price was $185,000 and the average price was $191,100. Usually the median price is used but since there are only 9 sales using the median or average is fair and realistic.

On a business note…. All the condos that sold last year were listed by Country Houses. On the buyer side Country Houses brought the buyer to 7 of the 9 units. I think it’s fair to say that we at Country Houses will get your condo sold!! 9 sales equals 18 transaction sides (buyer/seller) and we had 16 of 18!!!

I was just looking at the most recent sales stats for Eastman NH, Sullivan County and across the state of New Hampshire. I will get specific to Eastman in another post. To get the PDF click on NNEREN Stats 2011.

The biggest thing that I see for Sullivan County is the fact that the median residential home sale price is down 10.29% for the year compared to 2010. That is a healthy number, way to big than we want to see!!! The number of houses sold in 2011 v. 2010 are about the same (355 v.352) so prices have dropped!! Home prices across the state are down 6.19%

The median price of condos dropped 20.78% but when there is only 12 condos sold in Sullivan County for the entire year of 2010 then we sell 22 in 2011 I could see that number being swayed easily. Twelve condo sales for an entire year is just to small a number to be statistically accurate. If we look at the entire state the median sale price of a condo is only down 6.06%