Sunday, November 13, 2011

Real Estate in Bedford NH

By Christine Lauren


As a town, Bedford, New Hampshire was founded in the year 1750 and is a suburb of Manchester which is the biggest city population wise in the state. The population of is about 20,900 people as of 2009 which was a 12% increase from the 2000 population. The real estate market here hasn't suffered anywhere near the national or even regional average decline over the past several years. It is estimated that Bedford real estate has only lost about 5-10% of it's 2005 value.

Conveniently located, the town is near many highways and downtown malls and shopping centers. It is a forty minute drive to the beach, only an hour to the lakes region, and takes roughly 90 minutes to get to the popular White Mountain region. The real estate market is mostly made up of 3 styles of homes: colonial, contemporary, and ranch styles. It is no surprise that the colonial style is most common as Bedford is in New England and the community is identified as a village.

The city is predominantly republican and is inhabited by many area business owners and politicians and is often considered the power center of the state because of its inhabitants. Bedford is bordered by Manchester, Goffstown, Merrimack, Amherst, & New Boston.

It covers approximately 33 square miles and is one hundred percent contained by the merrimack river watershed. It has a high point of 845 ft above sea level and holds a number of small bodies of water, the most notable is Sebbins Pond.

The real estate market has been robust and is expected to be one of the first towns to see a recovery of home values. Most home owners have been able to sell their homes in a little over two months of having them on the market which is well below the state's average of 120 days. The median sales prices is about $360,000 in Bedford over the last year.




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