I wrote a few months back about people who are trying to sell a house that fall into a pattern of “chasing a falling market.” A sale occurred earlier this year which is a perfect example.

The house came on the market in late 2009. In the following 16 months, the property reduced its asking price 6 times. The 7th time it was sold at auction. The property sold for 37.5% lower than the asking price in late 2009.

1. The 1st price decrease came shortly after it was

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Fall may be here, but there were still seven waterfronts sold on Winnipesaukee last month at an average price of just $714,357. That compares to eight sales last September at an average of $941,938. There were two sales over the $1 million mark compared to three last September. For the first three quarters of this year there have been 76 transactions on the big lake at an average sales price of $1.041 million and a median sales price of $840,000. For the same period last year there were 67 transactions...

Residential homes sales in the Lakes Region communities covered by this market report jumped a healthy 23% in August compared to the same month last year. There were 83 sales last month at an average of $330,718 compared to 67 last August at an average of $411,780. A 23% increase in sales is welcome news but one month doesn’t make a trend. On a rolling twelve month basis we are still off last...

August was a great month for sales on Lake Winnipesaukee.
There were:
• Eighteen waterfront sales at an average price of $827,589.
• They sold at an average of 97% of their assessed value
• They sold at an average of 91% of the asking price.
• The highest sale was $1.669 million.
• There were 6 sales over $1 million.

Last August there were...

According to Dictionary.com:
con•cede  [kuhn-seed] verb, -ced•ed, -ced•ing. verb (used with object)
1. to acknowledge as true, just, or proper; admit: He finally conceded that she was right.
2. to acknowledge (an opponent's victory, score, etc.) before it is officially established: to concede an election before all the votes are counted.

There are many times in life that...

It seems like $199,900 used to be the most popular price if you really wanted to sell your home. That number always worked! Finding a house just under that $200,000 mark always seemed like such a bargain, right? I spent a little time on the computer during Hurricane Irene and found that there were 19 homes listed in our area towns at $149,900. There were 15 were listed at $199,900. Maybe $149,900 is the...

For the month of July, 2011 there were 70 residential home sales at an average price of $309,586 in the communities in this Lakes Region real estate report. That’s actually a pretty good 14% bump over the 61 sales last July at an average of $262,390. I was getting a little concerned about the lack luster sales over the past several months, but this is certainly an improvement. On a rolling twelve month...

There were ten waterfront sales during the month of July, 2011 on Lake Winnipesaukee at an average price of $1.223 million. That’s up from the six sales on the big pond last July at an average price of $955,333. Half of the sales for both months were over the $1 million mark but this year’s average was bumped by a nice $3 million new construction sale on Governor’s Island in Gilford. For the year thus far, there have been 51 sales on Winnipesaukee at an average price of $1.162 million compared to...

As the dog days of August heat up, there are 1412 single family homes on the market in the communities in this Lakes Region real estate report. That’s up from 1344 on the market last August 1. The average asking price is down from $539,186 last August 1 to $517,674. The median is also down from $279,950 to $269,000. The homes on the market represent a 22.8 month supply at the current sales pace. That,...

There were 77 residential home sales last month in the communities listed in this Lakes Region real estate market report. That’s down a bit from the 88 sales last June. But the average sales price came in considerably higher at $476,304 compared to $292,586 in June 2010. The higher average seems to have originated from a strong month in Moultonborough where seven sales closed in excess of $1 million. Not a bad month there with 19 sales at an average of $1,072,761! Laconia also had a pretty good...

Yeah! Summer is really here. The temperature is heating up and it finally feels like it is lake weather. It’s time to get out on the boat and enjoy it. There were twelve waterfront sales sales on Winnipesaukee in June which is a 50% increase over June of last year. That’s pretty encouraging! And there were some large sales, too! In fact ten of the twelve sales were over the million mark. There were three sales in the $2-3 million range and one over $4 million. The average sales price last month...

There can be any number of unexpected things that will kill a real estate deal these days. Home inspections and appraisals are the first things that come to mind. Mortgage underwriters are also coming up with innovative new ways to make life difficult for buyers, sellers, and real estate agents. Everyone is looking for perfect homes, at a perfect price, in a perfect world.

Getting...

For the second month In a row, residential home sales in the Lakes Region of NH were down a bit compared to last year’s sales. We have been hitting 65-70 sales in May for the past four years, but last month there were only 58 homes sold at an average price of $275,900. On a rolling twelve month basis ending May 31, 2010, there were 745 sales at an average price of $315,235 compared to 765 sales at an average price of $306,823 for the 12 month period ending May 31, 2010. That’s still not bad (I have...

With the demise of Osama Bin Laden, I was wondering if the local Attabodabad real estate agents have converged on the scene yet? After all, this could be a lucrative listing for some experienced agent that knows how to put just the right spin on things. A sale like this could keep him in goat milk for years.

The first step will be to contact the owner of this fine estate. I am not sure...

It is not surprising that the single family home inventory in the Lakes Region has increased as of June 1. It does every year. The level is a tad higher than last June with 1292 homes on the market at an average asking price of $539,520 and a median asking price of $275,000. That compares to 1256 listings last June at an average of $578,520 and a median of $299,000. So the...