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While there is not a lot of new home construction going on in the Lakes Region of NH, it is nice to see that there are some homes being built despite the depressed housing market that we are currently struggling through. It is even nicer to see that some of the developments are actually moving product!
The busiest new home development right now is the Villas at Paugus Bay...
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Junior Member
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The Concord Monitor reported last week that “ Statewide residential sales fell (in NH) nearly 32% in July from a year earlier… the steepest annual decline in more than two years…” Yes, July was not a particularly great month for home sales in NH or for that matter anywhere else, but why does everyone have to focus so much on every little negative turn? In the Lakes Region of NH, the towns...
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Junior Member
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Views 7988
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July was a good month for Winnipesaukee waterfront sales, at least when compared to last year. There were a total of six Winnipesaukee sales at an average of $955,333 compared to only half that number last July although the average sales price in July 2009 was higher at $1.82 million. Two of the six sales posted last month were island properties and those do obviously bring less money...
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Junior Member
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Views 9189
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August is the high point for the summer. Unfortunately, it is also the high point for the total number residential listings on the market this year. As of August 1 there were 1344 homes on the market in the Lakes Region towns in this report. That’s up 6% from the 1277 available last month and the 1281 posted last August. Based on the rate of sales for the previous 12 months, we have a 21.5...
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Junior Member
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Views 7730
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June was a pretty good month for Winnipesaukee waterfront sales with a total of eight happy new homeowners finding a home to dock their boats on the shores of the big lake. This doesn’t quite measure up to the eleven sales last June, but the average sales price came in higher at $1.38 million compared to an average of $771,773 last June. There were five sales over $1 million last month compared...
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Junior Member
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Views 8652
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We are half way through another year and you have to ask: “Are we having fun yet?”. In the communities covered by this Lakes Region of NH report, home sales have improved nicely but it certainly doesn’t feel like we are at the Six Flags Amusement Park. Every sale now seems to be fraught with unending complications and issues as a result of increased regulations and scrutiny of the lenders...
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Junior Member
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Views 8617
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The residential home inventory stood at 1277 homes available as of July 1, 2010 in the communities in this Lakes Region Real Estate Market Report. The average asking price came in at $551,228 and the median asking price was $285,000. This inventory level represents 19 ¾ months worth of homes on the market. That is down slightly from the 22 months worth of homes available last July 1 but...
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Junior Member
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Views 16095
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In search of an immaculate home...
I was searching the MLS last week for a home between $250,000 and $450,000. A home that you would consider to be of high quality, great condition, wonderfully maintained, and that has lots of character and charm. A home that I would call special. I was only looking in three or four specific communities but I really didn’t come up with much. Undaunted,...
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Junior Member
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Views 7687
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The telephone is ringing, well, at least a little bit. It seems that buyers are out riding around and calling in on the yard signs which is great, but sometimes frustrating. One afternoon this week our duty agent had two inquiries on properties by cell phone and lost calls due to poor cell phone connections. Sometimes calls will get dropped two or three times in order to get just...
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Junior Member
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Views 8521
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It is the 87th Anniversary of the Laconia Motorcycle Rally and thousands of bikers have descended on the Lakes Region to enjoy the scenery and hospitality of the area. Today’s motorcycle enthusiasts are a far cry from the early days. Today there are doctors, lawyers (a few Indian Chiefs), business professionals, corporate executives, and more than a few real estate agents out there enjoying...
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Junior Member
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Views 8070
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There were four Winnipesaukee waterfront sales in May, 2010 with an average sales price of $1.727 million compared to eight transactions last May at an average $799,438. So while total number of sales were down the total sales volume for the month actually went up. In the first five months of 2010 we had 31 transaction on the big lake with an average sales price of $1.217 million...
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Junior Member
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Views 8183
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As of June 1, 2010 there were 1256 residential homes for sale in the communities in this Lakes Region market report. The average asking price stood at $578,941 and the median sales price was $299,000. This equates to a very high 19¾ month’s worth of inventory on the market (just in case you are wondering why it is taking a long time for your home to sell). In June of 2008 there were 1128 homes for...
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Junior Member
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Views 9363
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Memorial Day is upon us. Everyone thinks of it as the start of the summer season and a great reason to get together with family and friends and have a huge barbeque. It is also common to include lots of beer in the festivities which allows the attendees to loosen up for New Hampshire’s unofficial sport of kings: horseshoes. Memorial Day is certainly a great day to relax, unwind, and appreciate what...
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Junior Member
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Views 10421
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April was another good month for sales on Winnipesaukee when compared to last year. There were ten sales on the big lake at an average sales price of $1,057,900 compared to only five in April 2009 at an average of $946,000. Sales ranged from a low of $340,000 to $3.8 million with a median sales price of $618,000. For those homeowners that think they have to wait until summer to sell their waterfront because...
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Junior Member
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Views 11422
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The housing market continues to show some improvement in the Lakes Region with 71 residential home sales in the month of April, 2010 compared to just 50 in April 2009. That’s a strong 43% increase! The average price was also up from $266,598 in April 2009 to $274,203 last month. Once again, over half the homes that sold were under the $200,000 mark. On a rolling 12 month basis ending on April 31, 2010 there were...
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Junior Member
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Views 16052
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