The Eastman Free Press
Providing owners with the information they need to make informed decisions.

Friday, October 24, 2014

Declining Property Values

How many units sold, the average price, how many new units were built—these were all points of information provided to property owners on a regular basis by Tom Wade, the previous general manager in the Eastman Newsletter. I can only speculate why this is no longer done. The information below, that is available to anyone on the Internet, gives you the trends for the last 5 years. Five years ago was when we built South Cove and now with the new Center proposal, we are asked to believe again that property values will increase. Where is the hard data? You will find it below.

Summary for Grantham


Average price per square foot for Grantham NH was $118, a decrease of 9.9% compared to the same period last year. The median sales price for homes in Grantham NH for Jul 14 to Oct 14 was $203,000 based on 21 home sales. Compared to the same period one year ago, the median home sales price decreased 8.8%, or $19,500, and the number of home sales decreased 8.7%. Sales prices have depreciated 15.4% over the last 5 years in Grantham. There are currently 204 resale and new homes in Grantham on Trulia, including 10 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. read more

Summary for Enfield


The median sales price for homes in Enfield NH for Jul 14 to Oct 14 was $190,000. This represents an increase of 8.6%, or $15,000, compared to the prior quarter and an increase of 4.4% compared to the prior year. Sales prices have appreciated 31.5% over the last 5 years in Enfield. Average price per square foot for Enfield NH was $171, an increase of 0.6% compared to the same period last year.  read more


As to recent comments by “tax and spend proponents”:
·      I can only assume the aim is to defame the Eastman community and harm everyone's property values.  Property values have and continue to be in decline for the past 5 years.
·      Let's make this an asset that will benefit the community as much as South Cove does. Does South Cove benefit the community? If it does, why have property values declined so much? 



Bob and Geri Logan are partners in their consulting practice since 1993 that provides expertise on improved business, financial and operational performance as well as leadership.

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