2013 Real Estate Sales Activity

Just Sold · 05-07-2014, 02:29 PM

http://www.nhbr.com/April-18-2014/La...vity-a-review/

webmaster · 05-07-2014, 02:39 PM

Roy Sanborn posts articles like this in our blogs regularly. Here's the March 2014 Waterfront Sales Report:

http://www.winnipesaukee.com/forums/blog.php?b=389

Please don't forget our Blogs.

BroadHopper · 05-07-2014, 03:11 PM

While Ray Sanborn only list waterfront properties that he list on this website. Waterfront properties prices are still dropping. One house on the Winnisquam waterfront was listed 3 years ago at 3.1 million is now on the market for $998,000. Not to shabby for a precast concrete house.

The NH market analysis shows NH housing infrastructure will continue to decline:

1. Home ownership demand is declining. Poor economy, out-migration, difficulties obtaining finances i.e. baby boomers have lower level of equity due to market instability.

2. Supply is poorly aligned with evolving preferences. NH demographics shows an older population growth and downsizing yet housing units of three or more bedrooms far outnumber one and two bedrooms.

3. Seniors will occupy NH housing units. Senior population expect to double from 2010 to 2015.

4. Because of a decline in population, new construction will be limited. Local planning and zoning ordinances shows a strong prejudice against rental housing which will be in big demand by an aging population.

All these factors effect affordability and will continue to drop the median home price.

Rusty · 05-07-2014, 03:22 PM

Quote:

Originally Posted by Just Sold

http://www.nhbr.com/April-18-2014/La...vity-a-review/

I like the part in the link that you posted about the economy being so good since 2008:

"The Dow Jones Industrial Average has surged to new highs and the availability of attractive financing at low rates is still out there. With a strengthening economy and a continued loose monetary policy by central banks around the globe, we are looking forward to a decent year, considering consumer confidence has improved tremendously since 2008."

Since 2008 we have so many things we can be thankful for .

dickiej · 05-07-2014, 05:33 PM

It's all about location, location, location. I live in Newburyport, on the ocean, and houses are selling in two days for $15-20 thousand over their asking price!

secondcurve · 05-07-2014, 07:20 PM

Quote:

Originally Posted by dickiej

It's all about location, location, location. I live in Newburyport, on the ocean, and houses are selling in two days for $15-20 thousand over their asking price!

I think the fact that most of the homes in Newburyport are primary residences has a lot to do with it, too. The second home market in the lakes region is definitely still suffering but is my sense that it may be stabilizing.

MeredithMan · 05-08-2014, 07:50 AM

In 2012, we sold our old place in Laconia and bought our current place in Meredith. The old place sold in 6 weeks and we had two list price offers. In buying the new place, our offer was one of 3 that they received after just 4 days on the market.

If the home is priced to reflect the market rate, (and not the seller's fantasy), and it is clean, well-maintained, and shows well, it will go fast.

MAXUM · 05-08-2014, 08:24 AM

Quote:

Originally Posted by MeredithMan

In 2012, we sold our old place in Laconia and bought our current place in Meredith. The old place sold in 6 weeks and we had two list price offers. In buying the new place, our offer was one of 3 that they received after just 4 days on the market.

If the home is priced to reflect the market rate, (and not the seller's fantasy), and it is clean, well-maintained, and shows well, it will go fast.

That's true, but for those stuck in high tax towns it's hard. You end up having to take a beating on the asking price to make up for the crazy property tax bill. You of all people should know, moving from Laconia to Meredith cut the tax rate you were paying in half. That makes a huge difference when considering buying a property. I looked at a couple of island properties in Gilford, but what chased me away wasn't the property or even the asking price, it was the taxes. Sad to say but if I can get an equivalent property elsewhere and pay half or in some cases even less in property tax why not?

MeredithMan · 05-08-2014, 08:31 AM

...maybe that is why half of Governor's Island has been for sale for the last several years. The tax bills on those homes are astronomical...

jetskier · 05-08-2014, 12:44 PM

The housing market in Massachusetts is red hot which allows liquidity for buying property in New Hampshire...especially relocation/retirement.
The inventory of housing in the lakes region has become significantly reduced over the last couple of years.
Mortgage rates have come down off the highs of last year and overall concerns about the housing market are likely to keep them down.
The foreclosure rates are going down.

Jetskier

winterh · 05-10-2014, 06:33 PM

I saw that the big house on Springfield point in Wolfeboro just sold for almost 9 million. Is that the most expensive home ever sold on the lake?

05-07-2014, 02:29 PM	#1
Just Sold Senior Member Join Date: Apr 2004 Location: Suncook, NH, but at The Lake at Heart Posts: 2,615 Thanks: 1,082 Thanked 434 Times in 210 Posts	2013 Real Estate Sales Activity http://www.nhbr.com/April-18-2014/La...vity-a-review/ __________________ Just Sold At the lake the stress of daily life just melts away. Pro Re Nata

05-07-2014, 03:11 PM	#3
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,570 Thanks: 3,204 Thanked 1,101 Times in 793 Posts	2014 Real Estate Market While Ray Sanborn only list waterfront properties that he list on this website. Waterfront properties prices are still dropping. One house on the Winnisquam waterfront was listed 3 years ago at 3.1 million is now on the market for $998,000. Not to shabby for a precast concrete house. The NH market analysis shows NH housing infrastructure will continue to decline: 1. Home ownership demand is declining. Poor economy, out-migration, difficulties obtaining finances i.e. baby boomers have lower level of equity due to market instability. 2. Supply is poorly aligned with evolving preferences. NH demographics shows an older population growth and downsizing yet housing units of three or more bedrooms far outnumber one and two bedrooms. 3. Seniors will occupy NH housing units. Senior population expect to double from 2010 to 2015. 4. Because of a decline in population, new construction will be limited. Local planning and zoning ordinances shows a strong prejudice against rental housing which will be in big demand by an aging population. All these factors effect affordability and will continue to drop the median home price. __________________ Someday may never be an actual day.

05-08-2014, 07:50 AM	#7
MeredithMan Senior Member Join Date: Aug 2013 Location: Bedford, NH; Meredith, NH Posts: 945 Thanks: 262 Thanked 812 Times in 331 Posts	If they are priced realistically and show well, they go fast... In 2012, we sold our old place in Laconia and bought our current place in Meredith. The old place sold in 6 weeks and we had two list price offers. In buying the new place, our offer was one of 3 that they received after just 4 days on the market. If the home is priced to reflect the market rate, (and not the seller's fantasy), and it is clean, well-maintained, and shows well, it will go fast.

05-08-2014, 08:31 AM	#9
MeredithMan Senior Member Join Date: Aug 2013 Location: Bedford, NH; Meredith, NH Posts: 945 Thanks: 262 Thanked 812 Times in 331 Posts	Valid Point on RE taxes.... ...maybe that is why half of Governor's Island has been for sale for the last several years. The tax bills on those homes are astronomical...

05-08-2014, 12:44 PM	#10
jetskier Senior Member Join Date: Apr 2004 Location: North Reading, MA and South Down Shores Posts: 851 Thanks: 57 Thanked 183 Times in 114 Posts	...on the positive side The housing market in Massachusetts is red hot which allows liquidity for buying property in New Hampshire...especially relocation/retirement. The inventory of housing in the lakes region has become significantly reduced over the last couple of years. Mortgage rates have come down off the highs of last year and overall concerns about the housing market are likely to keep them down. The foreclosure rates are going down. Jetskier

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05-07-2014, 02:39 PM	#2
webmaster Moderator Join Date: Jun 2002 Posts: 2,453 Blog Entries: 1 Thanks: 456 Thanked 3,819 Times in 839 Posts	Roy Sanborn posts articles like this in our blogs regularly. Here's the March 2014 Waterfront Sales Report: http://www.winnipesaukee.com/forums/blog.php?b=389 Please don't forget our Blogs.

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05-07-2014, 05:33 PM	#5
dickiej Senior Member Join Date: Oct 2013 Location: White Salmon, WA Posts: 299 Thanks: 21 Thanked 171 Times in 93 Posts	It's all about location, location, location. I live in Newburyport, on the ocean, and houses are selling in two days for $15-20 thousand over their asking price!

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Misha888 (05-12-2014)

05-10-2014, 06:33 PM	#11
winterh Senior Member Join Date: Jun 2009 Posts: 248 Thanks: 26 Thanked 134 Times in 61 Posts	I saw that the big house on Springfield point in Wolfeboro just sold for almost 9 million. Is that the most expensive home ever sold on the lake?