Kevin Killourie of Badger Peabody & Smith Realty - NH Real Estate

09/12/2023

I just received this article from the NH Association of Realtors. Seems like everyone I talk to askes me about the real estate market. Which as a Realtor is the best compliment I can ask for. As a numbers and data guy, it is always my goal to have up top date market data to share. This is the best data I have seen in a while to explain what is happening in our home towns and statewide. As always, keep the questions coming.

Closed sales drop again;
affordability at historic low
The NH August housing market report
The number of closed sales decreased by a double-digit percentage for the 11th consecutive month in August, as the 1,283 single family residential sales in New Hampshire marked a 23.2 percent drop compared to August 2022.

It has been more than two years since the state saw an increase in year-over-year monthly sales.

Meanwhile, the string of consecutive year-over-year median price increases dates back to February 2020, a span of 42 months. The median price for New Hampshire single family residential homes was $490,000 in August, a 9 percent increase, the highest ever for the month, and the second-highest of any month in the state's history.

Unsurprisingly, the affordability index fell to 59, the lowest point in NHAR's recorded history and a 20 percent drop from August 2022. That means the state's median household income is just 59 percent of what is necessary to qualify for the median-priced home under prevailing interest rates.

The lack of affordability continues to be driven by the inventory crisis. There were 1,800 single family residential homes on the market in the state at the end of August, an 18 percent drop from a year prior. That's 1.8 months' supply of inventory, where a balanced market is typically considered 5-7 months.

11/02/2022

My signs love it when they have Mt. Washington views! I just listed this 4 bedroom chalet in Jackson for $695,000. Message me or call with questions.

10/28/2022

As the leaves fall, the progress at Black Diamond Place continues. The foundations have been poured and the views to Cranmore are opening up. Opportunities to own one of these luxury townhouses are limited. Just 3 are left. Prices start at $825,000. Call or DM me for an information package.

10/06/2022

Introducing Black Diamond Place. Luxury 3 bedroom townhouses at the base of Cranmore. Now available for sale, and ready for occupancy in August of 2023. Prices start at $825,000. Call or message me for more details.

10/05/2022

Here is some timely market data for value increases by county. Values are still increasing.... in my opinion buyer traffic is decreasing.

09/25/2022

4 acres with powerful views to Cranmore and Kearsarge North and direct access to the trails of Whitaker Woods. Best suited for a multi unit development of up to 15 housing units. $1,500,000.

04/22/2022

Happy Friday everyone. Some recent statistics on our Western Maine Real estate market just came across my desk. Oxford County saw an increase in value from 2021 to 2022 of over 30%. Statewide in Maine prices were up 21% year over year. I have attached a photo of the county by county breakdown. Interesting, and mind boggling increases.

I'll update you all on what values did in the Mt. Washington Valley year over year early next week.

03/23/2022

Call me before it's too late..... 3 acres at the base of Cranmore is still available. 603-986-5551.

Photos, maps, description of Land For Sale at 00000 Skimobile Road, Unit 106 & 106.1, Conway, NH 03860, asking price of $825,000

02/27/2022

I made it to Cranmore for some late afternoon runs in the sun yesterday. The days are getting longer.... get outside and take advantage of it.

02/09/2022

Phenomenal day of skiing yesterday at Wildcat, then an afternoon skin up to Hermet Lake and down the Shurburne Trail. Ski season is in full swing, get out and enjoy it anyway you can.