Quote:
Originally Posted by secondcurve
Just Sold:
On average, how far have the prices of waterfront homes fallen? 15-20%? Are you of the opinion that we are on the bottom, started-upward??? It should be an interesting spring.
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It is not a question of how far lake prices have dropped. We are talking about specialized properties when they are on a lake like Winni. Prices refelect the desire to own more than the economic conditions in my opinion. The lakes region - Belknap County for example never had a huge volume of sales compared to Rockingham and Hillsborough Counties and still has few sales overall in a months time. I read a trade newspaper of all RE sales and other info in the state and got the information I posted here from that paper. Lots of data to be found there from the public records.
For S. NH prices are pretty much at bottom. Buyers are there but I do not believe that sales will be too great for a while. Of course there will always be highs and some lows in sales volume. We still have a huge backlog of inventory to deal with and foreclosures are still happening all over the state.