Manchester, NH housing

At New Hampshire Real Estate Homes for sale, we are committed to helping you find your dream home. With years of experience in the real estate industry, we have the expertise and knowledge you need to make informed decisions about buying or selling a property. Whether you're a first-time buyer or a seasoned investor, we are here to guide you through every step of the process. Our mission is to provide you with exceptional service and results that exceed your expectations.

Manchester is the biggest city in NH.

 Manchester is a diverse city with a wide range of housing options. There are apartments, condos, townhomes, and single-family homes available in a variety of neighborhoods. The type of homeowner who lives in Manchester depends on their lifestyle and budget.

Here are some of the most common types of homeowners who live in Manchester:

• Young professionals: Manchester is a popular destination for young professionals due to its strong economy and vibrant downtown area. Young professionals often choose to live in apartments or condos in the downtown area or in nearby neighborhoods such as Queen City Park and the Millyard.
  
• Families: Manchester is a good place to raise a family due to its affordable housing, good schools, and safe neighborhoods. Families often choose to live in single-family homes in the suburbs of Manchester, such as Bedford, Merrimack, and Hooksett.
  
• Retirees: Manchester is a popular destination for retirees due to its affordable housing, low cost of living, and access to healthcare. Retirees often choose to live in single-family homes in the suburbs of Manchester or in retirement communities such as Birch Hill and Canterbury Woods.
  
• Investors: Manchester is a good place to invest in real estate due to its strong economy and growing population. Investors often choose to buy apartments, condos, and single-family homes in the downtown area and in nearby neighborhoods. 

Manchester Market Stats

• Median home price: $407,500 (October 2023)
• Average days on market: 33 (October 2023)
• Sales volume: Down 10.7% from October 2022
• Inventory: Up 2.3% from October 2022
• Unemployment rate: 2.5% (October 2023)
• Job growth: Up 2.1% year-over-year
• Median household income: $66,929 (2021)
  

Overall, Manchester is a great place to live for people of all ages and lifestyles. The city has a diverse range of housing options and a thriving economy.

TIP FOR CONDOMINIUM BUYERS

In the context of purchasing a condominium, buyers often request a specific disclosure document from the condo association, commonly known as a "Resale Certificate" or "Condominium Resale Disclosure Document." This document provides critical information about the financial and operational health of the condo association and the specific unit being considered for purchase.

Here are some of the key elements typically included in this disclosure:

1. Financial Statements: Current financial statements of the condo association, including budgets, reserves, and any special assessments.
2. Reserve Study: A summary of the reserve fund study, which forecasts future major expenditures and the current status of the reserve fund.
3. Association Fees: Information about current monthly condo fees or homeowners association (HOA) dues, and any upcoming changes to these fees.
4. Rules and Regulations: The condo association’s rules, regulations, bylaws, and any covenants, conditions, and restrictions (CC&Rs).
5. Meeting Minutes: Recent minutes from the association’s board meetings, which can provide insight into ongoing issues or future plans.
6. Insurance Information: Details about the insurance coverage maintained by the association.
7. Litigation and Special Assessments: Information on any current or pending litigation involving the association, and details of any special assessments currently in place or planned.
8. Unit-Specific Information: Details about the specific unit being sold, including any unpaid dues or violations.
9. 
   

This document is crucial for condo buyers, as it helps them understand not just the financial responsibilities they will be assuming, but also the overall management and health of the condo community. Different regions may have varying requirements for what must be included in this disclosure, and it's always a good idea for buyers to review this document carefully, ideally with the help of a real estate attorney or a professional familiar with condo transactions.