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Open House Saturday, July 15th

Join Us for an Open House!

Saturday, July 15th 

11:00AM to 1:00PM

33 Old Goshen Road | Center Conway, New Hampshire

Quality constructed cape style home set close to Conway Lake. Bright and sunny, the living space has an open feel. Enjoy the deck off the back set privately on the lot. The kitchen is complete with an island and leads to the dining room complete with hardwood floors. The Master Bedroom has a private bath. Another bedroom and a den as well as another full bath are found on the second floor as well. There is a two car garage that leads to the mud room and plenty of storage. Built strong, this is a great place to call home! MLS# 4644438. Offered at $221,900

Directions: From Route 302 take Mill Street to Old Mill, go right onto Old Goshen Road, 3rd house on the left. See sign. 

Click Here for More Information!

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Join Us for Open Houses Saturday and Sunday!

Saturday, May 27th from 1pm to 3pm at 62 Wild View Drive in Bartlett

Lovely, spacious and sunny home with wide mountain views of Mt. Washington as well as the Ledges. Featuring hardwood floors, granite counters, radiant heat and floor -to-ceiling glass walls to enjoy the exquisite views. Fully finished lower level for extra living area. Super private with 11-1/2 acres of land. This fabulous home would make a great luxury vacation or year-round home! MLS 4351729. Offered at $549,000

Directions: Rt. 16 to Bartlett, right onto Rt. 16A the Intervale Loop, then up Washington Street, bear left at second Y, straight thru until you see the Meadow View Development on right.

Sunday, May 28th from 11am to 1pm at 200 Timbershore Drive in Center Conway

First time on the market, this custom home was built with quality in mind. The kitchen is oversized and well appointed with quality cabinets, granite counters and Viking appliances and a Subzero refrigerator. One level living with a Master Suite to dream of including a private bath with jetted tub and separate tiled shower. There is a formal living room and dining room set with a fireplace and a wetbar. The eat in kitchen also has a fireplace and is open to the family room. Central air conditioning, radiant heat , beautiful high ceilings and a 23x26 deck leading to a stamped concrete patio. This home has a lot of custom features. Access to the Saco River too. MLS 4614548. Offered at $499,900

Directions: Eastman Rd to East Conway Rd, go 3 miles to Timbershore Drive (second entrance). #200 is the second home on the left.

Sunday, May 28th from 11am to 3pm at 45 Cross Bow Lane in North Conway

Open concept one level living at it's best! This bright and sunny ranch has three sleeping areas, one and a half baths, and a dynamic fireplace to sit around on a chilly night. It comes fully applianced, has lots of windows to let the sun shine in, and also has a metal roof and so much more. Located in one of North Conway's favorite neighborhoods and is just minutes to Echo Lake and Cathedral Ledge as well as a short drive to Mt. Cranmore and Attitash Mountain for winter fun. Sit out on your wrap around deck with your morning coffee and enjoy nature all around you. This property has the potential of being a great rental property as well as a fabulous vacation get -away or perfect primary home. MLS 4629710. Offered at $215,000

Directions: From North Conway Village take River Road to Old West Side Road to Bow Lane. Take first left to Cross Bow Lane, house is on the left. Coming from Conway, take West Side Road to Echo Lake Road, pass the opening to Echo Lake State Park to Bow Lane on your left then first right to Cross Bow Lane.

Sunday, May 28th from 12pm to 2pm at 82 Lorry Lane in Conway

If looking for a move-in ready home this is it. This three bedroom cape with 1.5 baths is in excellent condition and well insulated. Sits on 1.2 acres in a wooded private setting. Features an open living room, kitchen, dining area and a fully applianced kitchen with oak cabinets. Granite counter-top, sink, and dishwasher are new from last year. Master bedroom on the first floor along with an additional room for use as an office or den. Full bath on the first floor with stacked washer/dryer and half bath on the second floor. Two bedrooms on the second floor. All the bedrooms have spacious closets. Carpeted floors throughout except in the kitchen and bathrooms which have vinyl. Sliders to a 9' by 6' deck. Shed (8' x 8") is also part of this property. Close to all Mt. Washington Valley activities including shopping, skiing, Conway Lake, and dining. MLS 4636031. Offered at $164,999

Directions: From Route 113 south on Stark Road 1.6 miles; left onto Benlor Drive; right onto Lorry Lane. Home on right, #82.

Sunday, May 28th from 12pm to 3pm at 9 Chipmunk Lane in Bartlett

A private, quite, peaceful setting for a starter home, vacation home or rental. This charming property offers 3 BR, and 2 Full Baths. A new addition in 2009 gives this home an open floor concept. There is a new Master BR, a beautiful large tiled bathroom with walk in shower (handicap accessible) and a bonus room. New 1 Car Garage and Car Port provides additional covered parking. The home features a nice front deck and back deck off Master Bedroom, Sliding class doors, interior French doors, and Skylight. There are wood beams, and the vaulted ceilings run throughout the home. Natural sunlight pours in from the wall of windows. This is a must see! MLS 4632189. Offered at $219,900

Directions: Rte. 302 to Bartlett Village, turn right onto River St, go over Saco River, bear left onto Cobb Farm Road. Stay straight, over RR track, continue straight, road bends right at end of Cobb Farm Road, stay to right, go over second RR track, onto Raccoon Run Road. Continue to Chipmunk Lane on Right.

2017 1st Quarter Market Update for the Mount Washington Valley

It’s hard to believe that with the recent snowstorms, we are now officially into Spring in the Mount Washington Valley! Before long the snow will be a distant memory and we will be soaking up the sunshine. Despite residential sales falling slightly for the first quarter, land sales saw improvement. This could be the result of extremely low inventory, buyers are ready to purchase, however, the amount of available properties for sale is extremely low. As we head into the second quarter, we hope to see inventory grow, increasing sales volume in the Mount Washington Valley. 

 

Residential Properties:

  • The number of residential properties sold decreased slightly, from 140 sold in the 1st quarter in 2016 to 132 sold in 2017.
  • The average sold price of residential properties also saw a slight decline of 3% from 2016 to 2017.
  • Total sales for the 1st quarter was $25,836,834
  • There are 109 properties under agreement

 

Land Properties:

  • The number of land listings remained steady in the 1st quarter, landing at 26 sold in both 2016 and 2017
  • The average sold price increased 34.58% to $77,844
  • There are 22 land listings under agreement

 

Have you been thinking about listing your property for sale? Click here to get a FREE Market Analysis on your home! 

 

*Data compiled from NEREN Multiple Listing Service as of April 1, 2017. Subject to errors and omissions, prior withdrawal, sale, or expiration. Towns include: Albany, Bartlett, Chatham, Conway, Eaton, Freedom, Hales Location, Jackson, Madison, Ossipee & Tamworth

 

 

Tammy Bronejko Joins Coldwell Banker Wright Realty

Tammy Bronejko has recently joined the real estate sales team at Coldwell Banker Wright Realty. Antonella Bliss, one of three owners of the firm, says "I'm excited to have her join our team. Tammy has an extensive background with experience in business, marketing, and customer service."  Lindsey Maihos (owner) noted, "Her skills will greatly benefit buyers and sellers.”

Bronejko previously held the position of Marketing Director and then Assistant General Manager for Simon Property Group, and is now the owner/operator of “Once Again Specialty Shop” in North Conway. Tammy says "I love working and volunteering in this community, and I am thrilled to help locals and vacationers find their dream property in the Valley."

Rose Robinson, one of the principals of Coldwell Banker Wright Realty, says. "Tammy is a great addition to our team; her energy and passion is unparalleled.”

Tammy Bronejko can be reached by phone at (860) 460-9817 (cell), (603) 447-2117 ext. 317 (office), or email tammy@wrightrealty.com. To learn more about Tammy, view her bio here.

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Are You Ready to Buy a Home?

So you’ve finally decided to take the plunge on your dream home. But are you really ready to own it, or should you consider renting? Home ownership is often touted as a popular facet of the American Dream. But buying a home is not something you do on a whim. Rather, it’s a deliberate process that involves assessing your life to determine if buying a house is a financially sound step for you. Here are some signals that you might be ready for home ownership.

You Are Debt Free

You know you’re ready to buy a home when you are debt-free. Not only would paying a monthly mortgage seem like a herculean task, but getting a mortgage lender to finance your home could be difficult as well.

Lenders often decide to lend based on the debt-to-income ratio. The debt-to-income ratio is related to your total monthly debt to gross monthly income. The higher this number, the more difficult it is to receive financing. If a large portion of your income is going to pay off your pre-existing loans, you have to ask yourself if you can really afford to pay off another huge loan. If you are still paying off your auto loans, student loans, and credit card debts, or have a debt-to-income ratio of more than 43%, now might not be a good time to buy a house.

You Can Afford a Down Payment

A down payment is a percentage of the total price of the home that you pay up-front. The number one hurdle that potential house-buyers face is this initial investment.

How much should you put down as down payment? The standard amount is 20% of the asking price of the house. This is the ideal percentage to keep your monthly mortgage check low and manageable. A 20% or higher down payment will also allow you to refinance your future home at a lower interest rate.

Being able to afford a healthy down payment shows your lenders that you are capable of saving, and that you are serious about your investment. This payment negates the need for private mortgage insurance (PMI), which gives your lender protection in an event where the buyer stops paying their mortgage.

The 5-Year Rule

If you’re planning to stay in one place for at least 5 years, that’s a great time to buy a home. The reason is that this long-term commitment helps build equity.

Equity is the difference between the appraised value of your house and the balance left to pay as mortgage. One thing to be aware of is mortgage amortization, which is how mortgage payments are calculated: how much goes toward paying off the principal amount, and how much goes toward paying the interest.

At the beginning, more of your payment goes towards paying interest than principal balance. But after making enough payments, as you get closer to paying off the remaining balance on your loan, more money will go to pay the principal amount rather than interest. Each month, equity on the house increases. Five years is a good benchmark to develop enough equity to sell your house for a profit, which may be used to make a bigger down payment on your next house.

You Have an Emergency Fund

Life is full of curve balls, and you should be prepared for those, especially financially. Another great indication that you’re ready to purchase a home is that you have an emergency fund reserved for unexpected events like lay-offs, car repairs, renovations, emergency medical expenses, etc. It’s a good idea to build a safety net before investing in a house. A good benchmark is to have 6 months’ worth of income saved up in a savings account. This gives you a healthy blanket of financial security to handle any financial setbacks that might come your way. Emergency funds should be kept separate from your down payment.

You Can Afford the Associated Fees of Buying a Home

Buying a home requires more than just being able to afford the sticker price. There are several costs that may not be mentioned up-front that most new buyers don’t consider. Educating yourself about all these fees, which can add up to a substantial expense, will put you in a better position to tackle what many new buyers might consider as an unexpected blow to their home-buying plans.

Home inspections, closing costs (an umbrella term that includes several costs like lender fees, title fees, home appraisal, and Escrow fees, etc.), moving costs, property taxes, home insurance, higher monthly utility bills, homeowner’s association (HOA) fees, along with maintenance, furnishing, and renovation expenses are all costs that many potential home-buyers overlook. Make sure that you have enough savings stacked up to cover these expenses.

Written by Sharon Lee for Coldwell Banker Blue Matters. Click Here for the Original Post.

February 2017 Market Update

How amazing was this February? The Mount Washington Valley received a ton of snow, followed by an unusual warm up at the end of the month. How has that effected the real estate market? Let’s see!

Residential Properties:

  • The number of residential properties sold in February 2017 versus February 2016 increased 18.75% to 38.  
  • The average sold price of residential properties increased 35.8% over 2016 to $221,787. This massive increase is slightly skewed, as there was a sale in February 2017 for $2 million. If we remove that sale, the average sold price still increased 6.42% to $173,728
  • Total sales for the month of February 2017 was $8,427,940, up 61% over 2016.
  • There are currently 300 active listings on the market
  • There are 103 properties under agreement

Land Properties:

  • The number of land listings sold fell from the prior month to 9, however, it increased over the February 2016 sales number of 7
  • The average sold price increased 3.6% to $55,838
  • There are currently 331 active listings on the market
  • There are 18 land listings under agreement

Have you been thinking about listing your residential property for sale? With low inventory and high buyer demand, many sellers are experiencing their property going under agreement quickly, sometimes even with multiple offers! Click here for a FREE Market Analysis on your home!

*Data compiled from NEREN Multiple Listing Service as of March 1, 2017. Subject to errors and omissions. Towns include: Albany, Bartlett, Chatham, Conway, Eaton, Freedom, Hales Location, Jackson, Madison, Ossipee & Tamworth

 

February Vacation Week Events in the Mount Washington Valley

Trying to decide what to do on vacation week here in the Mount Washington Valley? With all the fresh snow, skiing, snowshoeing and snowmobiling are a given, but there is a lot more going on in the MWV! Below is just a sampling of some of the events happening this week!

  • Winter Carnival at Settlers Green. Join Settlers Green in North Conway for hot chocolate, raffles, sales, and an outdoor movie throughout vacation week! Learn more at http://www.settlersgreen.com
  • Cranapalooza at Cranmore Mountain. DJ Dance Parties, live music, family activities, and s’mores. Fireworks light up the sky February 18th at 6:30pm. Learn more at www.cranmore.com
  • M&D Playhouse presents 84 Charing Cross Road. Written by Helene Hanff and adapted for the stage by James Roose-Evans, this wonderful show is a dramatization of business letters between a young struggling writer in New York and an antiquarian book store in London. 84 Charing Cross Road is presented February 16- 26, Thursdays, Fridays and Saturdays at 7:30 PM with Sunday matinees at 4:00 PM. Learn more at www.mdplayhouse.com
  • Winter Carnival at King Pine. Join King Pine for sleigh rides, snowshoe tours, silly slalom and belly bag races, family challenge races and more! Enjoy fireworks on Thursday, February 23rd at 9:15pm. Learn more at www.kingpine.com
  • Character Breakfast at Theater in the Wood. Enjoy a tasty pancake breakfast, a storybook reading and a meet & greet. Stop by the Maple Sugar Shack after to see how they make their own syrup! Saturdays through April 15th. Learn more at www.believeinbooks.org
  • 28th Annual Chocolate Festival. Come and support this annual fundraiser for the nonprofit Mt. Washington Valley Ski Touring Foundation. Hundreds have for almost 30 years to cross country ski or snowshoe from inn-to-inn along the groomed network trails for the "Sweetest Day on the Trails".  Visit each stop for chocolate treats of all kinds from chocolate fondue, brownie sundaes, chocolate fountains, chocolate-dipped treats and more. Learn more at www.mwvskitouring.org/Chocolate-Festival.html

 

 

 

 

Information Courtesy of http://www.mtwashingtonvalley.org/events/events-all-list.cfm

January 2017 Real Estate Market Update

With the first month of the year under our belts, let’s look at how January of 2017 compared to January of 2016.

Residential Properties:

  • The number of residential properties sold decreased to 45 units sold in 2017, slightly below the 48 sold in January of 2016.
  • Despite less properties being sold, the average sold price of residential properties increased 3.2% over 2016 to $200,803
  • There are currently 321 active listings on the market
  • There are 101 properties under agreement

Land Properties:

  • The number of land listings sold nearly tripled, with 11 listings sold in January 2017, versus just 4 sold in January 2016
  • The average sold price increased 226% to $84,445 in 2017
  • There are currently 331 active listings on the market
  • There are 23 land listings under agreement

Have you been thinking about listing your residential property for sale? With low inventory and high buyer demand, many sellers are experiencing their property going under agreement quickly, sometimes even with multiple offers! Click here to get a FREE Market Analysis on your home! 

 

*Data compiled from NEREN Multiple Listing Service as of February 2, 2017. Subject to errors and omissions. Towns include: Albany, Bartlett, Chatham, Conway, Eaton, Freedom, Hales Location, Jackson, Madison, Ossipee & Tamworth

A Look Back at the 2016 Housing Market in the Mount Washington Valley

The Mount Washington Valley real estate market saw significant improvement in 2016. Residential and land sales both saw a modest increase in both the number sold, as well as in average selling price. Below are some highlights from 2016.

  • The total number of residential properties sold between January 1 and December 31st increased by 40 units, (5.28%), over the prior year. Land sales saw an increase as well, climbing by 11.76% over 2015.  
  • The average sale price for residential homes increased from $194,373 in 2015 to $200,986 for 2016.
  • The average sale price for land also increased, climbing from $59,642 in 2015 to $63,729 for 2016.
  • Total residential sales in the Mount Washington Valley increased by more than $13,000,000 from 2015 to $160,186,283 in 2016.
  • The highest price residential sale for 2016 was $1,500,000.
  • The highest price land sale for 2016 was $650,000.

Overall, 2016 was a great year for real estate in the Mount Washington Valley. We look forward to an even better year in 2017!  

 

 

*Data compiled from NEREN Multiple Listing Service as of January 26, 2017. Subject to errors and omissions. Towns include: Albany, Bartlett, Chatham, Conway, Eaton, Freedom, Hales Location, Jackson, Madison, Ossipee & Tamworth

200 Timbershore Drive in Conway, New Hampshire

First time on the market, this custom home was built with quality in mind. The kitchen is over-sized and well appointed with quality cabinets, granite counters and Viking appliances and a Subzero refrigerator. One level living with a Master Suite to dream of including a private bath with jetted tub and separate tiled shower. There is a formal living room and dining room set with a fireplace and a wet bar. The eat in kitchen also has a fireplace and is open to the family room. Central air conditioning, radiant heat , beautiful high ceilings and a 23' x 26' deck leading to a stamped concrete patio. This home has a lot of custom features. Access to the Saco River too! Offered at $499,900 by Lindsey Maihos.

       

Click here to learn more information!