Living in New Hampshire
RE/MAX Properties serves an area that is strategically located 45 minutes from metropolitan Boston and about 1 hour from the beautiful New Hampshire seacoast, lakes and mountains. Nashua, the second largest city in the state, was twice named by Money Magazine as the number one place to live in America.
The city of Manchester, our sister city to the north and the largest city in New Hampshire, has also been recognized by Money Magazine with the same distinction.
Some of the reasons cited in the Money Magazine articles were the excellent health care available, relative low crime rate for cities of this class and size, and the abundant employment opportunities and favorable business climate. We are also proud of the fact that our graduating high school seniors are among the highest SAT scores in the nation.
Outside of the cities, we serve dozens of smaller communities and rural towns that offer excellent New Hampshire homes at affordable prices.
The Living is good in Greater Nashua
After nearly eight years of record increases in property values fueled by historically low interest rates and unusually high demand, the housing market in Greater Nashua has finally settled down. That’s good news for home buyers! While the seemingly frenzied pace of buying real estate has subsided, the resulting increase of available homes means more selection and a greater likelihood of finding that perfect home before someone else does!
Although home prices in some parts of the United States have dipped substantially during the past three years, real estate values in New Hampshire (and greater Nashua in particular) have not declined nearly as much by comparison. For example, the average median price of a single family home in Hillsborough County during the twelve month period ending July 2008 was $262,000. That’s down only nine percent from the all time high in 2005 of $287,000. When compared with markets in southern Florida, California, Phoenix, and Las Vegas, which are off 30% and in some cases 50%, south central New Hampshire is experiencing a more moderate correction.
In addition to the abundance of housing available in Nashua and its surrounding communities there is also an equal abundance of housing styles and neighborhoods to suit any life style. Condominiums continue to be a popular, convenient alternative to single family housing and can be found throughout the city. Prices of condominiums in Nashua range from $120,000 for a modest two bedroom garden style unit with no garage to nearly half a million dollars featuring every amenity imaginable. The average median price of a condominium unit in Nashua in 2008 was around $180,000.
Some condominium complexes feature private settings with acres of walking and bike trails, tennis courts, pools, and even a golf course. However, a more recent trend finds developers bringing people back to the inner city by renovating some of the old historic buildings into beautiful apartments and condominiums. In fact, Downtown Nashua is experiencing a renaissance of sorts attracting, in addition to new housing projects, several chic new bistros and boutiques, as well as a bountiful farmer’s market, all making the downtown a dynamic and fun place to spend a day or evening.
If single family living is more suited to your lifestyle, you will find that Nashua has many diverse neighborhoods each with its own unique character. The historic north end is rich in homes styles many dating back to the mid 1800’s. Gracious Victorian mansions line Concord Street as well as many of its side streets just north of downtown all the way to Greeley Park. Just to the west of Concord Street are numerous smaller yet still historically significant homes in more moderate price ranges. The entire area is a testament to Nashua’s prosperous past as a manufacturing center.
By contrast, many of the newly constructed homes are found in the south end of the city conveniently located just a short drive from the shopping centers, restaurants, and malls that are concentrated along the Daniel Webster Highway. Having been farms in years past, many of these newer developments can support larger lot sizes allowing homes to be built with more privacy. Commuters into the metropolitan Boston area also favor the south end’s proximity to the Massachusetts border.
If it is a suburban or country life style you crave, you will find it just a short drive from Nashua. Many surrounding towns such as Merrimack, Hudson, Litchfield, Amherst, Hollis, and Brookline have one and two acre residential lots. Hollis with its charming historic town center features two large local farms that sell their own home grown seasonal fruits and vegetables as well as fresh baked pies and breads. Through aggressive pursuit of state land grants as well as support from its residents, the towns of Hollis and Brookline have over the years purchased large tracks of undeveloped land that guarantee the communities will maintain their rural character and charm long into the future. The median house prices in Hollis and Brookline are considerably higher than Nashua at $463,000 and $341,000 respectively. Urban, suburban, or country, Greater Nashua is a collection of welcoming communities and a city rich in diversity and a great place to live and work!