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Old 08-24-2009, 11:39 AM   #31
jmen24
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I can tell you that in the Lake Sunapee area the prices have not fallen one bit, the houses that have been on the market for two years or more have not changed price very much, the houses that were in no way, shape or form worth what they were asking have come down but you would have very slim pickings on Lake Sunapee for a house under 1 mil with direct water front. You can go into Vision's website and view tax cards for any town listed, I can tell you that a house we just finished a kitchen addition for the new owners sold over here two years ago, paid the appraised price of 3.4 mil prior to foreclosure and the house next door just sold three months ago for 4.7 mil and is 2000 sf bigger, both with about three acres of land.

I think what is being reported is that the bottom of the market has come down, but the middle to top has not at least in this area and as long as the house is worth it, whatever, but the houses at the bottom are still overpriced in my opinion. I would not want to be a first time home buyer that cannot afford more than 150K, because most of the homes under that radar are in rough shape, if your not afraid of work than the pickings are prime in that market.

Last edited by jmen24; 08-24-2009 at 11:55 AM. Reason: added info
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