Real Estate Market Statistics

4 Tips for Home-Buying During the Colder Months

Are you in the market or thinking about purchasing a new home? Well, here are some handy tips from Meghan Belnap for just that... best of luck with your search!

Are you planning to move? Is it going to be cold when you relocate? Here are four ideas to help make the home search process faster and more convenient during the colder months:

Attend cozy open houses

Use the time you're looking for a home to mingle and fight the winter blues. Go see what's open in your area, check out a new location or inspect a home you really want. Open houses provide many opportunities including the chance to mingle and network. Even if you don't like the house you visit, you may hear of others nearby. You'll find many houses for sale in the winter that have open houses, and checking them out in person can show you exactly what the house will be like during the colder months.

Read the home inspection reports

While it's chilly outside, pull up a comfy chair and a mug of hot chocolate or coffee and do some research. With the bad weather and cold air that come with the season in some areas of the country, it's easier to sit inside and get the monotonous part of moving out of the way first. Plus, getting some of the boring stuff done early gives you more time to spend on the fun things like getting open house gifts.

Look for drafts and other leaks

There's no better time than winter to check out houses for sale. With the home working at the highest level, potential buyers can easily check out windows and doors for air leaks. Gaps are easier to find because drafts are often present when the winter wind is blowing hard outside. Plus, going to showings in the winter lets you see the property during the drab months of the year, allowing you to envision it in the nicer weather.

Check out the parking in bad weather

When you need a parking spot close to home in the winter, it's best to go for showings during this season. Looking at houses when there's snow on the ground lets you see where the problems occur in the area. You can avoid houses that have access problems, drainage issues or are last on the list for the snowplow.

Many people think winter is a bad time to look for a new home; however, several advantages make this season better than most. For example, if you don't want to go out in the cold weather, then chances are neither will your neighbors. Second, a home will show all its problems in the winter because the systems have to work extremely hard to keep up with frigid temperatures.

 

Meghan Belnap is a freelance writer who enjoys spending time with her family. She finds happiness in researching new topics that expand her horizons.

 

2018 Quarter 1 Real Estate Market Statistics for Carroll County

Spring has finally sprung! Let's take a look back at Carroll County's 2018 Quarter 1 Real Estate Market Statistics.

In Quarter 1 of this year, 162 single-family residential homes were sold in Carroll County. That's a 9% decrease from Quarter 1 of 2017. The median sales price showed an increase of 13.7% at $227,250 over a price of $199,950 in 2017. The average days on the market for homes sold was 123 days, down 15.2% from the previous year's average of 145 days. Here's how Carroll County compares to the statewide statistics.

Statewide, 2018 Quarter 1 saw a total of 2,772 single-family homes sold. That's a decrease of .1% over the previous year's total of 2,775. Median sales price was $260,000 up 6.1% from the previous year's price of $245,000. Average day's on the market in Quarter 1 was 85 down 6.6% from last year's 91 days.

Visit nhar.org for additional information regarding real estate marketing statistics by county.

Inventory is low and buyer's are out there, looking for their first, forever or vacation home. We have been in the business over 30 years. Real estate is our profession and we have the experience you need to make a sound and informed real estate decision. Contact us today!

*Market statistics provided by New England Real Estate Network/NHAR

 

What's My Lakes Region Home Worth?

Have you been thinking about putting your current home on the market but aren't quite sure where to begin? A great way to start is determining your home's value. Click on the link below and the experts at Melanson Real Estate will be happy to provide a free, no-obligation, personalized current market analysis. We provide the care and personal service you deserve from your first listing appointment to closing day!

Top 5 Reasons to Hire A Real Estate Professional!

If you're thinking of buying your first home, forever home or are ready to sell your current home? Don't go it alone! Melanson Real Estate is one of the oldest and most respected firms in town. Our experts know the Lakes Region and will assist you every step of the way, from showing to closing. We provide the care and personal service you deserve from day one to minimize surprises and make your buying and selling experience as stress free as possible. Call or stop-in today to speak with one of our experts! 

5 Signs It's Time to Sell Your Home

Have you outgrown your home? Or has your home outgrown your household? Fewer and fewer families expect to stay in their first or second home for the long haul. Here are some factors to determine if you're financially and emotionally ready to sell your home.

1. Growing or shrinking household - Are you about to welcome a new baby or take in aging parents? Maybe you're sending your youngest off to college. In any event, if your living space has become too cramped or grown beyond your needs, it may be time to make a move.

2. Plenty of home equity - Subtract the value of your home from the amount you have left on your loan. What's left over is the equity; or the amount you'll have after the sale. Following the sale, you'll be a buyer again, so having funds to put down is key.

3. Interest from potential buyers - You'll want to list when you know buyers are looking. Some experts say late spring is the ideal time to sell, but peak seasons vary by region. Milder weather can increase buyer interest, but that also means more competition from other sellers.

4. Changing circumstances - Location matters. Whether your neighborhood dynamics are changing, you're unhappy with the schools in your area or a new job significantly increases your commute, your community needs to fit your lifestyle.

5. Home improvements - Renovations may be a wise investment, but it's best to avoid listing your home in the middle of a project. If you plan to sell your home as is, completing some minor home updates like new paint and fixtures can be a huge selling point. 

Moving is a big decision, one that requires careful consideration. If your needs have changed since you bought your home, don't hesitate to get in touch.

 

WE ARE ACTIVELY SEEKING LISTINGS!

Winter is still upon us, but it's still a great time to sell and we are actively seeking new listings! Here at Melanson Real Estate you'll receive the care and personal service that you deserve from the first consultation all the way through to the closing. Our agents attend all showings and are here to make selling your property as stress free as possible. If you've been thinking about putting your property on the market, don't wait! We handle it all from single family and vacation homes to commercial properties and land. Let our experts use their years of experience in the industry to work for you! Conveniently located on Main Street and available to meet all of your real estate needs. Call, stop-in or email our agents today to see what we can do for you! 

 

2017 Year End Real Estate Market Statistics for Carroll County

Happy New Year! Let's take a look back at Carroll County's 2017 Real Estate Market Statistics.

In 2017 1,192 single-family residential homes were sold in Carroll County. That's a 4% increase from the previous year's total of 1,146. The median home price showed an 8.2% increase at $230,000 over a price of $212,625 in 2016. The average days on the market for homes sold was 100 days, down 29% from the previous year's average of 140. Here's how Carroll County compares to the statewide statistics.

Statewide 2017 saw a total of 17,733 single-family residential homes sold with an increase of .6% over the previous year's total of 17,623. Median home price was $266,000, up 6.5% from $249,800 the previous year. Average days on the market was 68 days, down 18% from the previous year's 83 days.

Visit nhar.org for additional information regarding real estate marketing statistics by county.

The real estate market in Carroll County is continuing it's trend of steady growth into 2018. Let our experts assist you in getting the highest price for your home in the shortest amount of time with the least amount of difficulty. Experience the care and personal service of one of the oldest and most respected firms in town. 

*Market statistics provided by New England Real Estate Network/NHAR