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...

Of the Lake Winnipesaukee homes currently offered at $3,000,000 or more, 10 of them are in Gilford, NH, 9 are in Wolfeboro, 2 in Alton and only 1 in Tuftonboro. 7 Winnipesaukee homes for sale are in located in Meredith. 5 Lake Winnipesaukee homes for sale are currently listed in Moultonborough.

Of these Lake Winnipesaukee waterfront homes, Hornet's Nest Point is the only estate on the Northern Shores of Lake Winnipesaukee, that features newer construction, 8 or more acres directly...

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...

There were just four sales on Lake Winnipesaukee in May 2011 but that does equal last May’s tally although the average sales price was lower at just $1.053 million compared to an average of $1.727 last May. Last May there were three sales over a million, one of which came in at $3.9 million helping to boost that average.



The least expensive sale on Winnipesaukee last month was at...

As of May 1, we have 1146 homes available for sale In the towns that we track in this Lake Region Real Estate Market Report with an average asking price of $546,127 and a median (or mid-point) price of $277,392. That compares to 1169 homes on the market last May and 1083 in May of 2009. The average asking price last May was $586,170 and a median of $289,900. In 2009, the average was $555,857 and a...

Home sales seem to be chugging along at a pace very similar to last year. There were 57 residential homes sold last month in the towns listed in this Lakes Region Market Report. The average sales price came in at $299,973 and the median sales price was $197,500. Last March there were 59 homes sold at an average price of $272,539 with a median of $220,000. For the first quarter this year, there have been 143 sales at an average price of $273,291 compared to 137 sold for the same period last year...

Despite the relentless winter, there were six waterfront sales on Lake Winnipesaukee in March of 2010 at an average price of $986,667. There were two sales in excess of $1 million. Last March there were seven sales at an average of $1.1 million with the average price bolstered by a $4.25 million sale in Wolfeboro. The tally for the first quarter of this year stands at 17 sales which is equal to the first quarter of last year although the average sales price is down from $1.9 million to $857,471....

As of April 1, 2011 there were 1018 residential homes on the market in the Lakes Region towns in this report. As depressing as it was, there was also fresh snow on the ground. The average asking price stood at $548,428 and the median price was $279,900. The current inventory level is equal to a 12 month supply of homes on the market. Last April 1, there were 1070 homes offered at average of $574,932 and a median price of $289,900. Last April there was no snow, the ice was out, and we were already...

Spring is coming. Nascar has fired up its engines, the sweet smell of racing fuel and burning rubber is in the air, and as the frost heaves recede gear heads begin to think about getting their prized street rod or motorcycle on the road. It’s a time when many men dream about a Garage Mahal.

The fact is, put simply, men like (1) garages and (2) basements. You can’t generally...

Sales of residential homes in the Lakes Region were surprisingly strong in February with fifty transactions compared to just thirty four last February. Given the fact that we were up to our eyeballs in snow in January, that is pretty remarkable to me. The average sales price came in at just $216,920 compared to $279,480 last February. That drop is due to the fact that we had no sales over $1 million last month but had two last February. As usual, just about half the sales recorded were under $200,000....