As a real estate expert, I have been closely monitoring the housing market in Derry, New Hampshire. One of the most common questions I receive from potential buyers is whether there are any properties with backyards available in this area. In this article, I will provide an in-depth analysis of the current real estate market in Derry and shed light on the availability of properties with backyards.
The Real Estate Market in Derry, New Hampshire
Derry is a charming town located in Rockingham County, New Hampshire. It is known for its picturesque landscapes, rich history, and strong sense of community.The town has a population of approximately 33,000 and offers a perfect blend of suburban and rural living. According to recent data from Zillow, the median home value in Derry is $310,000. This is slightly higher than the median home value in New Hampshire, which stands at $299,000. However, compared to other states in the Northeast region, Derry offers relatively affordable housing options. The real estate market in Derry has been steadily growing over the past few years. In 2020, the average home sale price increased by 8.5% compared to the previous year.
This trend is expected to continue in 2021, with a projected increase of 6.8%.
Types of Properties Available in Derry
Derry offers a diverse range of properties to suit different budgets and preferences. The most common types of properties available include single-family homes, townhouses, and condominiums. Single-family homes are the most popular type of property in Derry. They offer more space and privacy compared to other types of properties. The average price for a single-family home in Derry is $350,000. Townhouses are also a popular choice among buyers in Derry.They offer a balance between the space and privacy of a single-family home and the convenience of a condominium. The average price for a townhouse in Derry is $250,000. Condominiums are a more affordable option for those looking to buy a property in Derry. They offer low maintenance and shared amenities such as swimming pools and fitness centers. The average price for a condominium in Derry is $200,000.
Availability of Properties with Backyards
Now, let's get to the main question - are there any properties with backyards available in Derry? The answer is yes! While the majority of properties in Derry do not have large backyards, there are still plenty of options available for those looking for outdoor space. Single-family homes in Derry typically come with larger backyards compared to townhouses and condominiums.However, even within these categories, there is a wide range of backyard sizes available. Some homes may have small yards, while others may have spacious yards perfect for outdoor activities and entertaining. In addition to single-family homes, there are also some townhouses and condominiums in Derry that come with backyards. These properties are usually located in more suburban areas and offer a balance between the convenience of shared amenities and the privacy of a backyard.
Benefits of Having a Backyard
Having a backyard has numerous benefits, especially for families with children or pets. It provides a safe and private space for children to play and pets to roam freely.It also offers opportunities for outdoor activities such as gardening, barbecuing, and hosting gatherings with friends and family. Moreover, having a backyard can increase the value of a property. In Derry, properties with backyards tend to sell for higher prices compared to those without. This is because backyards are highly sought after by buyers and can be a deciding factor in their purchasing decision.
In Conclusion
In conclusion, Derry, New Hampshire, offers a diverse range of properties to suit different budgets and preferences. While the majority of properties do not have large backyards, there are still plenty of options available for those looking for outdoor space.Having a backyard has numerous benefits and can increase the value of a property. So, if you are in the market for a property in Derry, don't let the lack of backyards discourage you - there are still plenty of options available to suit your needs.
