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Community News

August 26, 2012

Real Estate Briefs

(Continued)

The average length of time it took to sell a single family home in June was 107 days, a drop of 4.5 percent over last June. It took an average of 134 days for the condominiums sold during June to close, an increase of 5.5 percent compared with last June. The report also noted that pending sales, those now under agreement but n

ot yet closed, for single family homes during June were up by 22 percent compared with June 2011, with the agreed-upon median price for those properties relatively flat, increasing by 1.5 percent versus last June to $329,900.

The number of pending sales for condominiums locally during the month was also up by 24.2 percent versus last June, with the median price down by 11.6 percent to $167,900.

The report also provided inventory levels of area homes for sale as of June 15, which at 1,561 available single family homes and 583 condominiums have dropped substantially below last year’s levels. The inventory for both single family homes and condominiums locally also remains well below the peaks set in 2006 and 2007, which were 2,242 for single family homes and 1,251 for condos.

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LONDONDERRY — Coldwell Banker Residential Brokerage in New England welcomes Linda McLaughlin to the Coldwell Banker Residential Brokerage office in Londonderry. As a sales associate, McLaughlin will provide residential real estate services in Londonderry as well as the surrounding towns. She has chosen a career in real estate after working as an office manager/bookkeeper. McLaughlin is a member of the Granite State South Board of REALTORS and the National Association of REALTORS. She is a lifelong resident of New England and has resided in Derry for 17 years.

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METHUEN — Connie Doto, broker/owner of Connie Doto Realty Group, has been accepted as a member of the Realty Guild, a group of independent real estate business owners. Connie Doto Realty Group has had tremendous success and growth in business since opening in October 2010, at 119 Pleasant St., Methuen. By 2011, Doto was ranked one of the top two listing agents in Methuen by the Multiple Listing Service.

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