Anyone who's ever moved from city to city before knows that there are two rules to live by when considering relocation. 1) Never quit your job move without getting an idea of whether you can get a job there. 2) Never sell your Toronto real estate if you have no idea what homes cost there. While this article can't help you with rule number 1, it can answer most of your questions about rule number 2 if you're considering relocating to Manchester, New Hampshire. Read on for statistics and information on the Manchester real estate market, accurate to late November of 2010.

As you well know, the sub prime mortgage crisis and the recession threw real estate markets all over North America into an uproar. Suddenly Arlington real estate was practically cheap, everyone was selling, and no one could get a good price. Thankfully the worst of this crisis is over in most places. Though some cities, like Detroit, are still struggling, Toronto has very nearly regained its pre-crash highs. Manchester, New Hampshire falls closer to the Detroit end of the spectrum of recovery.

Since the same time last year, asking prices in Manchester have pretty much stayed the same, so there's no need to rush out and buy a property before it gets any more expensive, like you would have to do if you were buying downtown Toronto homes. In fact, the median sales price has actually decreased slightly, but not by enough to be classed as the beginning of another downward spiral. Certainly homeowners have stopped trying to sell up and get out - the number of homes sold has dropped by over 30% in the past year. This market offers better deals than the rapidly recovering cities, where prices have skyrocketed.

If you were to buy a home in Manchester right now, you could expect to pay about $116 per square foot. You can use this figure to estimate how much you would have to pay for the Plano, Texas real estate you have now if you were to buy it in Manchester. The average listing price in the city is just over $201,000 and has been rising all month. The median (or middling) sales price, however, is only $175,000 and is on its way down. According to one listing service, just under half of the homes listed for sale in Manchester were in some state of foreclosure.

Obviously asking prices vary depending on the location. Richmond, VA real estate does not cost the same as Manchester real estate, and even within Manchester homes in different zip codes don't always go for as much since some neighborhoods are more desirable than others. For instance, Manchester's most popular zip codes have homes listing for between $237,000 and $622,000. Most of the popular neighborhoods are in the mid to high 200s range, however.