Manchester is the most populous city in the U.S. state of New Hampshire and the largest city in northern New England, an area comprising the states of Maine, New Hampshire, and Vermont. As of the 2010 census, the city had a population of 109,565, and its estimated 2016 population was 110,506. It is one of two seats of Hillsborough County (along with Nashua), the state of New Hampshire's most populous county. Manchester is located near the northern end of the Northeast megalopolis, along the banks of the Merrimack River—which divides the city into eastern and western sections. It was first named by the merchant and inventor Samuel Blodgett (after whom Samuel Blodget Park and Blodget Street in Manchester's North End are named). Blodget's vision was to create a great industrial center similar to that of the original Manchester in England, which was the world's first industrialized city.
Manchester often appears favorably in lists ranking the affordability and livability of U.S. cities. In 2015, CNNMoney.com ranked it #1 in the U.S. for small businesses, and in 2009, another site ranked Manchester 13th in a list of the 100 best cities in the U.S. to live and launch a business. In addition, Kiplinger voted Manchester the second most tax-friendly city in the U.S., second only to Anchorage, Alaska. Also in 2009, Forbes magazine ranked the Manchester region first on its list of "America's 100 Cheapest Places to Live." According to the Equality of Opportunity Project, released in 2013, Manchester ranked as the seventh best metropolitan area in the U.S. in terms of upward income mobility. In 2014, Forbes magazine ranked this city among the top 5 most educated cities in the United States.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Manchester-Nashua, New Hampshire. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Manchester-Nashua, New Hampshire, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the Northeast rose 3.2%, to $282,300, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of New Hampshire, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in New Hampshire.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
Click here to see your savings in just 24 hours…
The city is the center of the Manchester, New Hampshire, New England City and Town Metropolitan Area (NECTA MA), which had a population of 187,596 as of the 2010 census. As of the 2010 census, the city had a population of 109,565, and its 2015 population estimate was 110,229. The Manchester-Nashua metropolitan area, with an estimated population in 2015 of 406,678, is home to nearly one-third of the population of New Hampshire.
As of the census of 2010, there were 109,565 residents, 45,766 households, and 26,066 families in the city. The population density was 3,320.2 people per square mile (1,281.5/km²). There were 49,288 housing units at an average density of 1,493.6 per square mile (576.5/km²). The racial makeup of the city was 86.1% White, 4.1% Black or African American, 0.30% Native American, 3.7% Asian, 0.1% Pacific Islander, 3.1% from some other race, and 2.7% from two or more races. Hispanic or Latino of any race were 8.1% of the population. Non-Hispanic Whites were 82.0% of the population, down from 98.0% in 1980.
In 2011 the largest ancestry groups within the city's population were: French and French-Canadian (23.9%), Irish (19.5%), English (9.9%), German (8.6%), and Italian (8.1%).
At the 2010 census, there were 45,766 households, out of which 26.4% had children under the age of 18 living with them, 38.4% were married couples living together, 13.1% had a female householder with no husband present, and 43.0% were non-families. 32.4% of all households were made up of individuals and 9.8% had someone living alone who was 65 years of age or older. The average household size was 2.34 persons and the average family size was 2.99.
In the city, the population was spread out with 21.6% under the age of 18, 10.2% from 18 to 24, 30.4% from 25 to 44, 26.0% from 45 to 64, and 11.8% who were 65 years of age or older. The median age was 36.0 years. For every 100 females there were 98.5 males. For every 100 females age 18 and over, there were 96.6 males.
In 2011 the estimated median income for a household in the city was $51,082, and the median income for a family was $63,045. Male full-time workers had a median income of $43,583 versus $37,155 for females. The per capita income for the city was $26,131. 14.1% of the population and 9.6% of families were below the poverty line. Out of the total people living in poverty, 21.8% were under the age of 18 and 9.9% were 65 or older.
Manchester is northern New England's largest city, and as of the 2014 U.S. Census population estimate was the most populous New England city north of Boston, including other Massachusetts cities. Its metropolitan area is one of the fastest growing in New England. Its economy has changed greatly, as Manchester was a textile mill town about 40 years ago. In March 2009, Kiplinger voted Manchester the second most tax friendly city in the U.S., after Anchorage, Alaska. Earlier in the year, CNN rated Manchester 13th in its top 100 best places in the U.S. to live and launch a business. Manchester is nicknamed the Queen City, as well as the more recently coined "Manch Vegas". In 1998, Manchester was named the "Number One Small City in the East" by Money magazine. The Mall of New Hampshire, on Manchester's southern fringe near the intersection of Interstates 93 and 293, is the city's main retail center. In 2001, the Verizon Wireless Arena, a venue seating more than 10,000, opened for major concerts and sporting events, enhancing the city's downtown revitalization efforts with a major hotel and convention center already in place directly across the street from the arena. The building was renamed the SNHU Arena in 2016, after Manchester's Southern New Hampshire University.
Manchester is the home of Segway, Inc., manufacturers of a two-wheeled, self-balancing electric vehicle invented by Dean Kamen.