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What this says to me.
The selling price of the average waterfront home went from $1,314,639 to 960,961 when comparing 2008 to 2009. That is a drop of 353,678, which is 27-percent.
So, it just seems to me that the only way the waterfront could have taken a faster one year plunge would be in a submarine! WOW,,,,talk about sales prices falling off a cliff and going under....Attention everyone on board....Attention....Attention....Prepare to SUBMERGE......hold your breath and pinch your nose closed!......the price average has gone down a whopper 27-percent in the last calender year.....omg ........... -27% !
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I just wanted to point out that you should not necessarily infer from this that the average value of a lakefront home on Winnipesaukee has dropped 27%. It just says that the average price of the homes that sold in 2009 was 27% less than the average price of the homes that sold in 2008. It could be that the multi-million dollar homes that would have moved the average up just did not change hands in 2009, or that the people that needed to sell their homes for economic reasons were more in the $1 mil price range than the $2-5 mil price range. Lots of room for interpretation but just comparing the average price of the homes that actually sold from one year to the next can be misleading and is not necessarily representative of how the average market value of all the lakefront homes moved in the last year.