This was the Front Page Headline in yesterdays Concord Monitor. There it was , front and center,what we've all been talking about for months!
Here are a few Statistics:
2006 2007
Property Value 4.1 Billion 4.2 Billion
OUCH - That's only a .1 Billion increase in value
Real Property Growth 10.19% 2.2%
OUCH - A difference of almost 8%
Growth in Total Res. Value 7.26% -.05%
OUCH - THAT HURTS
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Compared to some other parts of the country we can actually consider ourselves lucky...as can our Sellers. Their property has depreciated...but it could be worse.
In my view the pluses to an article like this are that we are getting corroboration of facts we have been touting for quite some time now....and now that it's in PRINT....they may believe us. Another plus? A Sellers Realism can only translate to more Realistic Pricing...that will benefit both sides and hopefully
result in equal if not better statistics....Till we get to the other side!
The Drawback? The information that the statistics are based on are already 6 months old. And lets face it the past 6 months are a totally different story than the six before....
As Realtors we can also do our part to help maintain an even keel!
We need to do a better job of Determining a Reccomended Sales Price. We need to Consider At What Price It Will Sell ....not what we will make... and we need to 
Educate, Advise and Council our Sellers on Reality...and if they won't consider our advice..we need to turn down the listing!
Concord NH Realtor Local Information
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Joan Mirantz - Joni is a Realtor® with Keeler Family Realtors, a locally owned, Customer Service oriented Firm.
Joan Publishes a monthly Newsletter "Food For Thought" under the pen name Realtor Sherpa.
(Joan also answers to Miz Maven and Miss Joni.)
Joan works in Buyer and Seller Representation with concentrations in the Merrimack Valley Area and towns surrounding Concord NH - the Capital City.
"I love what I do, and it shows in how I do it"
Hi Joan - why on earth the media churns junky headlines out like that just gets my goat! Sensationalism and negativity sells, unfortunately. Hopefully by you and others getting the GOOD word out about your area, consumers will see through the stupid stuff in the media.
Ann
Miss Joan --
There are two words we learned in school: exponential and extrapolate. Most people never really figure out what they mean much less learn how to use them when reasoning.
What your figures say to me is that your area is in pretty darned good shape. It's not going to even come close to crashing and burning.
Bill
Bill..I agree. I do wish the information was more current but it could have been worse! I think my main point was that we need to do our part and not contribute to the problem by not doing our jobs the way we should be!
And to not be misleading...these figures do not show the fact that there was an increase in the value of Mobiles and condos which totally offset the down turn in most Residential!! It ended up a wash...
There is a good side to everything and the points you make are true and a positive take on the situation. To get this going in the right direction again, Sellers must get realistic about pricing and I think that is happening now.