Southern NH Real Estate
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 2011 was $209,000. 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 2011 was around $165,000.
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.
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