Sales of single family residential homes in the Lakes Region communities in this report showed a pretty strong uptick in December with 89 transactions at an average price of $306,126.  In December of 2010 there were just 59 sales although at a higher average sales price of $369,112.  Sales above the $400,000 mark were strong with 15 waterfront sales that closed in December. This was a pretty good finish to the year!

For the year there were 773 residential properties sold at an average price of $306,460 (which was 92% of the average asking price at the time of the sale) and these homes were on the market an average of (more…)

 It was a great end to the year with fifteen waterfront sales on Winnipesaukee in December at an average of $675,300. That compares to nine sales last December but at a much higher average price of $1,306,044. Only three of the fifteen sales last month were over the million dollar mark resulting in the low average sale price.

The least expensive sale in December was at 65 Cow Island  in Tuftonboro. This classic Lake Winnipesaukee summer camp has the desired knotty pine interior, wood floors, a first floor bedroom, two large bunk rooms upstairs, a wood stove, and the requisite screened porch where you can sit and tell lies all night. The camp sits on a .79 (more…)

The New Year always seems to start off with a big drop in inventory due to many listing agreements expiring at the end of the year. For the communities listed in this report, we went from 1168 single family homes on the market as of December 1 down to 943 listings as of January 1, 2012. This represents about a 14.5 month supply of homes for sale which would be a much more manageable and healthy inventory level if we could stay there but many of these listings will be renewed or re-listed with another agency and work their way back into the system. Last January 1st we similarly had 940 homes available and the inventory was back up to almost 1,300 homes for sale by June 1. The median price point of the (more…)

It is hard to believe but it is New Year’s Eve yet again. Where did the year go? It is time for celebrating and looking forward to a new and hopefully better year to come! Many folks feel that it can’t get much worse. Others feel we have turned the corner on what has been a difficult time emotionally and economically for many people in this country and around the world. New Year’s Eve is when predictions and resolutions are made in abundance, but predictions usually are not much more than guesses and resolutions generally lack the resolve of our forefathers. If anything, we should all resolve to be more resolute. That would really help.

Anyway, I looked back at my predictions from last year—and at the predictions a lot of people made that are way smarter than me. The National Association of REALTORS® predicted a 5 to 10% increase in home sales in 2011 because of a rebounding economy and job creation. I think they missed on the economy and jobs part. The NAR currently has revised home sales numbers over the past four years (more…)

There were 60 single family residential home sales in the towns covered by this report in November, 2011. That’s just off the 63 sales last November although the average price was down from $365,623 to just $263,025. There was only one sale over the million dollar mark last month compared to five in November 2010 which contributed to that significant drop in the average sales price. Sales under $200,000 continue to make up over 50% of the transactions while the $300-400,000 range is still struggling badly. Year to date, our total sales are off by just (more…)

November was not one of those banner months for waterfront sales in the Lakes Region. Winter is on the way you know, although some days it just doesn’t feel that way. There were just five transactions on Lake Winnipesaukee last month at an average $858,600. Last November the tally was double that amount at an (more…)

As of December 1, the residential home inventory was bulging like the sack of toys in the back of Santa’s sleigh! There were 1168 residences available at an average asking price of $498,326 in the communities covered by this report. That is up from the 1074 available last December at an average price of $548,594. The median price point is down from $279,900 last December to $259,450 this month indicating that there are more (more…)

This truly amazing property could just be the one that you have been looking for!  Please click the high def video tour button and you’ll see why… (more…)

The number of residential sales last month in the towns covered by this Lakes Region market report were up 16% over last October. There were 79 transactions in October 2011 at an average sales price of $300,711 compared to 68 sales October last at an average price of $395,012. For the first 10 months of the year we have had 624 sales at an average $310,684 compared to 651 sales at an average $312,000 for the same period last year. It would be nice if we could have an exceptionally strong holiday season and finish ahead of last year. Maybe Santa will be nice and bring lots of buyers this Christmas season.

Speaking of Santa, Black Friday is here and the holiday shopping frenzy has officially begun. Yeehaaa! Every year I put together a list of home improvement related gifts ensuring that the Mrs. can’t go wrong when she is shopping for her hubby. I consider it one of my many public service announcements. So what would be welcomed under the tree this year? (more…)

They just don’t get any better than this!

262 NH Route 140, Gilmanton, NH

MLS #41102160

Reasonably offered at $299,000

This home really is one of those rare properties that make you say “WOW” when you come in the door! Pride in ownership and high quality materials are evident throughout this well laid out home. (more…)