Busy 1st Week of Jan in RE Sales

secondcurve · 01-31-2010, 10:40 PM

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.

townsde · 02-01-2010, 09:41 AM

In my opinion this is a good time to buy if you like Winnipesaukee and want to enjoy it for a few years. There is also the likely hood that you will make a small return on your investment in the future.

The interest rates are low and sellers are finally accepting the fact that real estate prices have fallen. There are always buyers out there if the price is right. That does not mean stealing property for low ball prices but some of these sales were good deals for both the buyers and the sellers.

It is not only the high end property which is selling now. Lower and mid priced property is also selling --- when the price is right.

We have just purchased a lake front in Moultonborough and can't wait to get on the lake.

Just Sold · 02-01-2010, 11:34 AM

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.

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.

neckdweller · 02-01-2010, 12:17 PM

Doing a quick Google search shows that the Iroquois one was at one point listed at $2.79MM - that's a nice 20% discount. Not sure when the original listing was from though.

BroadHopper · 02-01-2010, 01:44 PM

Are the greedy corporate executives. On the average corporation hands out $2 in stock and 30 cents in stock options to executives for every $1 they gave to employee pension and or 401K. This is mind boggling!

Steveo · 02-01-2010, 01:48 PM

What I thought was funny about the listings was the final prices of the Echo Point house and the Sunapee property - $2,137,533 and $2,479,733. How do reach such unusual prices. Did they leave the cents off and round the numbers.

02-01-2010, 09:41 AM	#2
townsde Senior Member Join Date: Dec 2009 Location: Hollis NH and Moultonborough Posts: 68 Thanks: 6 Thanked 8 Times in 6 Posts	A Good time to Buy In my opinion this is a good time to buy if you like Winnipesaukee and want to enjoy it for a few years. There is also the likely hood that you will make a small return on your investment in the future. The interest rates are low and sellers are finally accepting the fact that real estate prices have fallen. There are always buyers out there if the price is right. That does not mean stealing property for low ball prices but some of these sales were good deals for both the buyers and the sellers. It is not only the high end property which is selling now. Lower and mid priced property is also selling --- when the price is right. We have just purchased a lake front in Moultonborough and can't wait to get on the lake.

02-01-2010, 01:44 PM	#5
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,589 Thanks: 3,230 Thanked 1,107 Times in 797 Posts	Those that can afford it. Are the greedy corporate executives. On the average corporation hands out $2 in stock and 30 cents in stock options to executives for every $1 they gave to employee pension and or 401K. This is mind boggling! __________________ Someday may never be an actual day.

01-31-2010, 10:40 PM	#1
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,118 Thanks: 1,331 Thanked 559 Times in 288 Posts	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.

02-01-2010, 12:17 PM	#4
neckdweller Senior Member Join Date: Apr 2008 Location: Moultonborough & Southern NH Posts: 133 Thanks: 6 Thanked 37 Times in 18 Posts	Doing a quick Google search shows that the Iroquois one was at one point listed at $2.79MM - that's a nice 20% discount. Not sure when the original listing was from though.

02-01-2010, 01:48 PM	#6
Steveo Senior Member Join Date: Apr 2004 Posts: 524 Thanks: 47 Thanked 123 Times in 63 Posts	What I thought was funny about the listings was the final prices of the Echo Point house and the Sunapee property - $2,137,533 and $2,479,733. How do reach such unusual prices. Did they leave the cents off and round the numbers.