Several ordinances seeking to allow and regulate such rentals failed at the town polls on April 13.
On Tuesday, selectmen met in non-public session with attorney Peter Malia of Hastings Malia in Fryeburg, Maine, to discuss how to move forward.
On Wednesday, Conway Town Manager Tom Holmes said the board had authorized him to issue the following brief statement: The selectmen agreed to begin the enforcement process which in Conway begins with a notice to the property owners regarding the violations.
Holmes added that selectmen hope to have another non-public session with Malia next Tuesday. He did not say when notices would be sent.
The real estate market in New Hampshire has seen a significant increase in demand and has shown no signs of slowing. Since last March, the New Hampshire Association of Realtors said the median sales price of single-family homes has risen 16.5% to about $363,000. Supply has also fallen, the association said inventory of single-family homes for sale has decreased by 66% from a year ago. Realtor Alyson Traficante has a house on Willow Lane in Londonderry listed that has generated more than 80 showings. The sellers had to go away for the weekend just so that prospective buyers could come in every 15 minutes.“I haven’t shown a house personally that has gone for asking price in many months,” Traficante said. She said her listings have gone well over asking price and that buyers are waiving inspections and in some cases appraisal requirements.“My guess now is when foreclosures are lifted, then maybe we’ll start to see a little bit more come onto the market and right now, it�
DOVER The price of a single-family home in Strafford County continued at a record high pace in March.
The median sales price stood at $325,000, just $500 short of the all-time high set in December, according to a monthly report from the New Hampshire Association of Realtors (NHAR).
The March median sales price was almost 9 percent more than it was in March 2020 as the volume of sales increased by 25.7 percent to $39.1 million in the county.
The ever-increasing price of a single-family home in the region is a product of low supply and high demand, a seller’s market exacerbated by buyers so eager for a house that they’re willing to offer more than the selling price, often in cash.
PORTSMOUTH Record sales of homes for more than $1 million and continued low inventory marked March real estate sales on the Seacoast.
With fewer homes to sell, the actual number of sales in March declined 18.5 percent from last March, according to the monthly report from the Portsmouth-based Seacoast Board of Realtors.
There were 63 total home sales in the board’s sample communities of Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham, producing the slowest March since 2016.
“The record low level inventory situation was bound to affect our sales totals,” said Ted Mantos, president of the Seacoast Board of Realtors. “Clearly, the demand for homes remains overwhelming here in all price points.”
Credit George Goslin/Public Domain
More people from out of state are buying homes in New Hampshire during the pandemic, and prices for those homes are on the rise.
That’s according to buyer data collected by the Better Homes and Gardens The Masiello Group, which sells real estate in New Hampshire, Vermont and Maine. About 35 percent of the group’s clients in New Hampshire and Maine are coming from outside of northern New England.
Chris Masiello, the CEO, says it s a mixture of clients from large cities and suburbs looking for second homes and others who want to move here permanently.