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The NH Advantage

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Posted 06-10-2011 at 08:09 PM by Roy Sanborn

It is not surprising that the single family home inventory in the Lakes Region has increased as of June 1. It does every year. The level is a tad higher than last June with 1292 homes on the market at an average asking price of $539,520 and a median asking price of $275,000. That compares to 1256 listings last June at an average of $578,520 and a median of $299,000. So the total number available is up and prices are down a little. That seems like it is consistent with the national picture—but hopefully, not quite as bad. The backlog of homes on the market equals almost 21 months worth of inventory. It seems like only a short time ago we had whittled the level down to about 12 months.

It is also not surprising that CQ Press, an independent publishing firm, recently announced that NH has once again been named the “Most Livable State in the Nation” for 2010. It’s almost like old news now and kind of expected. We’ve been ranked in the top five for six years in a row and that’s pretty amazing and hard to accomplish. It is kind of like Jimmie Johnson winning five straight NASCAR championships and now going for his sixth. It’s never been done before. I think a lot is us take our lifestyle for granted because it’s just normal for us.

CQ Press base these rankings on 44 factors that reflect a state's quality of life including median household income, crime rate, state business tax climate, employment, education, and even how many days of sunshine there are. Given the fact that the sun hasn’t shown too much in 2011 so far, we are going to have to work extra hard this year in other areas to repeat. New England, in general, faired pretty well with Vermont coming in 8th on the list, Massachusetts 13th, Connecticut 11th, and Maine ranking 20th. Mississippi came in dead last, as it has for nine of the last ten years, and given the flooding these poor folks have had to deal with this year they will likely come in 51st for 2011.

My broker has put together a long list of accolades and achievements about NH which is commonly referred to as the NH Advantage. Here is just a sampling:

• NH is the #1 state for retirement in the country according to moneyrates.com based on cost of living, unemployment rate, tax burden, climate, crime rates, and life expectancy.

• We are rated the best place in the nation to raise children according to the National Kids Count Survey.

• NH has the lowest poverty level in the country and the highest median income in the nation according to the US Census Bureau (they must have mistakenly omitted real estate agents)

• We have the 2nd best insurance rates in the country

• We have the lowest crime rate in the nation according to the FBI

• NH has one of the lowest tax burdens (8% of income)in the nation

• NH has the third healthiest real estate market in the nation according to Lending Tree

Lake Winnipesaukee was ranked the #1 retirement place in the country under the category “leisure living for recreational and cultural opportunities” by MacMillanTravel.

• Ranked top in New England for the “best state for business” by Forbes Magazine

So as we head into our summer tourism season, keep in mind that you should be kind to all of the visitors in our beautiful state no matter how badly they drive. They are not used to seeing such amazing scenery, gorgeous lakes and mountains, and so many people happy about where they live…

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