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Roche Realty Group Sales Surge 61% Year-to-Date

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Posted 05-08-2013 at 12:56 PM by Roche Realty Group


Posted written by Frank Roche, President, Roche Realty Group, Inc.

Meredith, NH—During the period 1/1/2013 to 5/3/2013 Roche Realty Group, Inc. experienced a 61% increase in total sales volume compared to the same period during 2012, according to Frank Roche, president of Roche Realty Group, with offices in Meredith and Laconia. “We are very pleased with the encouraging sales activity we have experienced this past winter and into the spring months. It certainly is a great indication that the market is improving and that many individuals are finding some great values out there in the marketplace.” Roche indicated the company had total sales volume of $30,659,408 involving 104 transaction sides. This sales volume resulted in Roche Realty Group being ranked as the #10 real estate firm in the state of New Hampshire in total sales volume for that period of time. “There are hundreds of real estate firms throughout the state of New Hampshire and this is a great testimonial to our individual Realtors® success, to be ranked so high in the state of New Hampshire. Our company was one of the top 3 independent real estate companies in the entire state of New Hampshire.”
During 2012 the company had gross sales of approximately $80,000,000 involving 305 transaction sides, which represented at that time a 17% increase in unit sales over the previous year. At the current time, the company has almost 60 pending sales ready for closing, which is another great indicator that the year 2013 is off to a very good start.
On the waterfront side, sales activity on Lake Winnipesaukee has been steady, however not exceptional year-to-date. Year-to-date there has been a total of 24 waterfront sales on the “Big Lake,” including all towns, with the highest sales price thus far at $2,350,000. The majority of the sales year-to-date (17 sales) have been selling below the million dollar mark, and it appears we are below our average selling price of last year, so far year-to-date. This is a good sign for buyers—those who have engaged into the marketplace have acquired some very substantial assets at attractive pricing. “With governments throughout the world increasing the money supply, interest rates at record low levels, and a stock market that just broke through 15,000 on the DOW, we are seeing a very strong interest from individuals looking for attractive hard assets that can be levered with low financing costs. The end result of countries printing money generally turns out inflationary, and investments in quality real estate work well during periods of rising inflation.” Roche indicated that Roche Realty Group had the highest number of transaction sides of closed sales on Lake Winnipesaukee year-to-date (10 transaction sides) from 1/1/2013 to 5/6/2013 for all towns on Lake Winnipesaukee. Data was pulled from the Northern New England Real Estate Network MLS system and Roche Realty Group was in the #1 position in unit sales activity for Lake Winnipesaukee properties compared to all state-wide offices. At least we’re at a good start for the first four months of the year and all of us at Roche Realty Group are looking very optimistically for a strong finish as we approach the summer selling season.
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