Real Estate

sa meredith · 07-26-2007, 06:34 PM

Hi Jetskier...
Don't mean to jump on your thread, but there seems to be people reading here that are "in the know", and I have long been curious about something...
To anyone that may know...
I'm fairly new to the area (bought seasonal place in Meredith 4 years ago) and I noticed something with regard to "For Sale" real estate. Why is it that, when traveling by car along Paugus Bay...the road that starts at Waldo Peppers and continues up past Christmas Tree Steak House and beyond...there are ALWAYS so many For Sale signs. I mean, it's so consistent. All over the lake, there are signs here and there, but along that road there are dozens always, always, always. Any thoughts...

newbie · 07-26-2007, 07:18 PM

We too have been thinking about an upgrade, we have seen the "best" prices in the last 7 years. I think that we are close to the bottom as this has been going down for the last 18 months. My guess is coming out of next spring, we should begin to see the market begin to climb again... sooner if the fed makes a rate change.

Lakegeezer · 07-26-2007, 07:30 PM

How much demand for lake-front homes is there from the 'moving here' crowd. As telecommuting becomes more common and as boomers retire, more homes become primary, not secondary homes. Is this a big factor in the prices? In which direction? I sure haven't noticed any relaxation in the lake-front prices and suspect that new resident demand is going to keep it that way.

TomC · 07-26-2007, 07:47 PM

I have a realtor that keeps his eyes open for properties for me (i buy for investment). He's in the C21 office in Center Harbor. He said he's having his best year ever in lake front, pretty good year in lake access, and residential is off..

he says the boomers are driving this...

KonaChick · 07-26-2007, 08:01 PM

We're in the Kona Shore area of the lake (Moultonborough) and I can assure you there's no slow down in our neck of the woods. Things have been moving steadily in and around this area since we bought seven years ago. Friends of ours are shopping for a place and can't believe the prices now compared to when we bought (up). We feel fortunate to have gotten in when we did in 2000.

secondcurve · 07-26-2007, 08:33 PM

Keep your powder dry. Yes, prices have stagnated, but they remain quite elevated. Wait until the recession starts. It will. Further, ponder this: it is unprecidented that real estate has been falling while interest rates, the stock market and employment have been at record levels. Wait for these factors to change before the real bargins begin to show themselves.

LadyJane · 07-28-2007, 04:20 PM

[QUOTE=Lakegeezer]How much demand for lake-front homes is there from the 'moving here' crowd.

well, I am looking for land. NOT lake front, as I cannot afford the prices nor the taxes on lake front property. I plan on holding onto the land for a while and either building on it, or selling it and buying a smallish place in the lake area.

07-26-2007, 06:34 PM	#1
sa meredith Senior Member Join Date: Jun 2007 Posts: 986 Blog Entries: 1 Thanks: 32 Thanked 352 Times in 137 Posts	paugus bay Hi Jetskier... Don't mean to jump on your thread, but there seems to be people reading here that are "in the know", and I have long been curious about something... To anyone that may know... I'm fairly new to the area (bought seasonal place in Meredith 4 years ago) and I noticed something with regard to "For Sale" real estate. Why is it that, when traveling by car along Paugus Bay...the road that starts at Waldo Peppers and continues up past Christmas Tree Steak House and beyond...there are ALWAYS so many For Sale signs. I mean, it's so consistent. All over the lake, there are signs here and there, but along that road there are dozens always, always, always. Any thoughts...

07-26-2007, 07:18 PM	#2
newbie Senior Member Join Date: Apr 2004 Location: Just North of Boston Posts: 111 Thanks: 61 Thanked 5 Times in 4 Posts	Great time We too have been thinking about an upgrade, we have seen the "best" prices in the last 7 years. I think that we are close to the bottom as this has been going down for the last 18 months. My guess is coming out of next spring, we should begin to see the market begin to climb again... sooner if the fed makes a rate change.

07-26-2007, 07:30 PM	#3
Lakegeezer Senior Member Join Date: Feb 2003 Location: Moultonboro, NH Posts: 1,682 Blog Entries: 1 Thanks: 356 Thanked 641 Times in 292 Posts	Living here How much demand for lake-front homes is there from the 'moving here' crowd. As telecommuting becomes more common and as boomers retire, more homes become primary, not secondary homes. Is this a big factor in the prices? In which direction? I sure haven't noticed any relaxation in the lake-front prices and suspect that new resident demand is going to keep it that way. __________________ -lg

07-26-2007, 07:47 PM	#4
TomC Senior Member Join Date: Apr 2004 Location: Lakes Region Posts: 738 Thanks: 29 Thanked 128 Times in 83 Posts	lakefront prices holding I have a realtor that keeps his eyes open for properties for me (i buy for investment). He's in the C21 office in Center Harbor. He said he's having his best year ever in lake front, pretty good year in lake access, and residential is off.. he says the boomers are driving this...

07-28-2007, 04:20 PM	#7
LadyJane Senior Member Join Date: Feb 2005 Location: northern Ct. Posts: 335 Thanks: 129 Thanked 50 Times in 33 Posts	real estate demand [QUOTE=Lakegeezer]How much demand for lake-front homes is there from the 'moving here' crowd. well, I am looking for land. NOT lake front, as I cannot afford the prices nor the taxes on lake front property. I plan on holding onto the land for a while and either building on it, or selling it and buying a smallish place in the lake area.

07-26-2007, 08:01 PM	#5
KonaChick Senior Member Join Date: Apr 2004 Posts: 518 Thanks: 19 Thanked 62 Times in 15 Posts	We're in the Kona Shore area of the lake (Moultonborough) and I can assure you there's no slow down in our neck of the woods. Things have been moving steadily in and around this area since we bought seven years ago. Friends of ours are shopping for a place and can't believe the prices now compared to when we bought (up). We feel fortunate to have gotten in when we did in 2000.

07-26-2007, 08:33 PM	#6
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,128 Thanks: 1,349 Thanked 564 Times in 291 Posts	Keep your powder dry. Yes, prices have stagnated, but they remain quite elevated. Wait until the recession starts. It will. Further, ponder this: it is unprecidented that real estate has been falling while interest rates, the stock market and employment have been at record levels. Wait for these factors to change before the real bargins begin to show themselves.