If you believe what you are hearing in the media these days, the economy has bottomed out and house prices along with it. I am not sure I am in complete agreement, but I do believe we are close and there are some great real estate buys out there.
One Upper Valley community in particular seems to have a number of well priced homes with motivated sellers now and that is Eastman which is located in the towns of Grantham, Springfield and Enfield New Hampshire. As of 8/3/09 there are a total of 93 homes on the market ranging from a bank owned home that needs to be completed priced at $129,000 to a large lake view home priced at 1.1 million. There are also 27 condo units on the market at this time ranging in price from $136,999 to $339,000.
Eastman seems to have been hit a bit harder than surrounding areas with foreclosures and short sales which has had the effect of softening prices across the board in Eastman. Motivated sellers who own their homes have been faced with competing for Buyers against discounted bank owned properties or short sales where banks agree to let the owner of the property sell below the banks mortgage on the property. As a result, Sellers have either lowered there prices to true market values or are now accepting offers that reflect the true market value of today.
If you value a recreational lifestyle, Eastman is a great choice to live with its lake, brand new recreation center, tennis courts, golf course, hiking and cross country ski trails and restaurant. There are a number of recreational programs for both children and adults which families are sure to appreciate.
If you would like to learn more about the community of Eastman and the real estate opportunities, drop us a line at [email protected]
Until next time – thanks for checking in – Matt & Carol