1. Walk to skiing at Attitash Mountain. By using the underground tunnel you don’t even have to face street traffic.
2. Onsite rental program allows you to rent out your condo while you aren’t using it to earn income while avoiding the headache and work of renting it out on your own.
3. Amazing onsite amenities include: indoor and outdoor pools, tennis courts, basketball court, playground, hot tub, sauna, and a fitness facility.
4. Matty B’s Restaurant is onsite, so you don’t even have to drive to go out to dinner and have a nice meal.
5. Attitash Mountain has awesome summer activities like a water slide, rock-climbing wall, mountain biking, and the famous Alpine Slide. They are also in the process of building New Hampshire’s only Nor’Easter Mountain Coaster for even more year round fun.
6. The condos come in all shapes, sizes and price ranges so you are sure to find one that fits your needs and budget. Check out our listings for River Run condos for Sale.

If you want to learn more about River Run at Attitash or Attitash Mountain in general please give us a call at 603-356-7200 x11 or email Joy@JTRealty.com.

See you on the mountain this summer!

We have all seen the taglines, “Why rent when you can own?” and probably thought it was just another real estate sales gimmick.  I can prove that it’s true. Let’s take our one-bedroom condo listing at the Radio Station Condos as an example. It is listed for $87,500. Here is a cash flow analysis to show you how much it will cost you to own, keeping in mind that the average rent for an upscale one-bedroom apartment with 620SF in the Mount Washington Valley is $650 – $700/month. This condo could be $656/month BEFORE tax deductions!

$87,500 Sale Price

$17,500 20% Down Payment

$70,000 mortgage

Expenses:

$1,908 Property Taxes

$1,200 Annual Condo Fee ($110/month)

$4,769 Mortgage Payments ($397.45/mo 30 year mtge @ 5.5%)

$7,877 Total Annual Expenses

$   656 Monthly Payments

Deductions:

$  947 Annual Principle Reduction

$  534 28% tax bracket deduction prop taxes

$1,160 $4,142.98 annual interest at 28% tax bracket

$2,642 Tax Savings & Principle Reduction

$5,236 Actual Annual Cost

$ 436.32 Actual Monthly cost after taxes! Compare that to renting!

On average, by owning this gorgeous, straight out of a Pottery Barn condo, in Conway Village, with Saco River access you could be SAVING $150 to $200 a month. Plus by buying in a down market you are likely to make money when you decide to sell.

Sounds like a no brainer to me. A showing appointment is the first step towards saving you money every month.

The last 2 months have been so busy it feels like we are working in a hot market again. Just this past weekend I put 3 of my listings under contract, negotiated an offer on a house within walking distance to the Attitash Bear Peak baselodge, and today I am negotiating for a buyer on a really cute house in North Conway Village. If you saw the state of my desk right now you would know it’s all true.

So check this out … the numbers continue to drop but not so much in the 3^rd Quarter, which is traditionally our busiest season. When we compare the stats year-to-date in the Mount Washington Valley, this is what we get:*

Of course the first time home-buyer tax credit expires November 30th and this $8,000 credit is really pushing buyers. It will be interesting to see how the market responds once this amazing promotion is over. 

 If you would like some advice on how to sell your property for more money in less time, send an email to Joy@JTRealty.com.  I just put a condo under contract that was listed September 15, had 2 showings in the first week, 2 offers a few days later, and is now under contract! Further proof that even in a down market if you price your property right, and it shows well, it will sell quickly.

Check back for further updates on the state of the Mount Washington Valley Real Estate market.

Lakefront to Mountainside,

Joy

*Based on information from the Northern New England Real Estate Network for the period1/1/08-10/1/08 and 1/1/09-10/1/09 for the towns of  Albany, Bartlett, Brownfield, Eaton, Fryeburg, Hales Location, Hart’s Location, Jackson and Madison.