Upper Valley Real Estate – 3/4 Condominium Stats for Lebanon NH
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
