Archive for the 'Lebanon NH Real Estate for sale' Category

A client of mine called the other day with some interest in a to be built home listed at the Prospect Hills development in Lebanon.  Having read in the Valley News about the difficulties the Moulton family had encountered with their bank,  I called Melissa Robinson of Lang, McLaughry, Spera Real Estate who is marketing the project to see what the situation is today.   Melissa lives in the original Prospect Hills neighborhood and is a strong advocate for the development.  She was very open and informative, basically it boils down to the project is in bankruptcy and the judge handling the process understands that the best way to resolve the situation is to build and sell homes to generate funds for payment to creditors.   A Buyer might perceive some risk in a circumstance such as this, but as with all risk, there is often opportunity as well.  It will be interesting to see how things unfold at Prospect Hills over the next few years.

More later ……… Matt

Recently I spoke with Miro Weinberger about phase two of Gile Hill project now under construction and targeted for occupancy in early 2010.  Miro is one of the principals of the Hartland Group and has been the driving force behind the development. Gile Hill is located in Hanover, New Hampshire on Medical Center Drive which is the access road for the Dartmouth Hitchcock Medical Center.

It was interesting to hear from Miro how the Hartland Group has adapted their plans as the economy and housing market have changed over the past year.  The most significant change is that Estes & Gallop of Lyme NH has replaced Trumbull Nelson of Hanover NH as the general contractor for the project. Miro indicated that rebidding the buildings in 2009, along with a better understanding of what consumer’s value, will help them deliver a better product well suited for the market in 2010. (more…)

New version of the Home Buyers Tax Credit!

For information and most asked questions this is a good article by Laura Saunders in the Wall Street Journal!

Sales for Condominiums in Lebanon NH

The following statistics are from the Multiple Listing Service (MLS).

The Condo market in Lebanon NH has not faired well in the ¾ Quarter.  Sales are down by 42% (33 in ’08 to 14 in ’09).  The average sale price is about the same ($181,135 in ’08 to $182.025 in ’09).  New Condo listings are up 37% (12 in ’08 to 19 in ’09).  It seems that more first-time home buyers are opting for single family homes instead of condos.

There seems to be a number of older condos that are competing with new developments that are cutting pricing or offering concessions for up-grades……

More Later!  Carol & Matt

Sales for Lebanon NH of Single Family Homes!

The following stats are taken from the Multiple Listing Service (MLS).

The single family housing market in Lebanon NH has seen some marked improvement over last year.  Sales are up by 13% (46 in ’08 to 53 in ’09).  The average sale price is up 6%  ($235,111 in ’08 to $249,811 in ’09).  New listings for this quarter are up 22% (31 in ’08 to 40 in ’09)……..

The First-time home buyer tax credit seems to be striking again and so far it has helped the Upper Valley as a whole to ride the wave of the this recession.

More on Condo’s in Lebanon soon! Carol & Matt

54 DAYS AND COUNTING

Time is running out for 1^st time home buyers to take advantage of the $8,000 tax credit. To qualify, home buyers must complete the purchase of their home before December 1^st 2009! This is a great the opportunity to purchase a single family home in the Hanover and Lebanon NH area.

The IRS has recently issued a news release which reviews the qualifications for the 1^st time home buyer credit. Other resources that explain in detail include a You Tube Video and a First-Time Homebuyer Credit website. (more…)

The Ava Gallery and Art Center, located at 11 Bank Street just off the Green in Lebanon New Hampshire, is another amazing organization that helps make life here in the Upper Valley have that “metropolitan” feel.   Who would think that an arts organization the caliber of AVA would be located in our backyard?  The fact that it does exist is a testament to the diversity of people who have chosen to call this area their home and reflects the incredible cultural depth they bring with them.  Carol and I have attended several AVA silent auctions. (more…)

August Stats for Home Sales in Lebanon NH from the Multiple Listing Service!

Lebanon has faired quite well in the month of August compared to last year.  The number of houses that sold last month was up 17.5% (14 in ’08 to 17 in ’09). The average sale price is down less than 1% ($241,663 in ’08 to $241,094 in ’09).

It looks like the tax incentive for first time home buyers continues to drive the market in town.

More later – Carol & Matt