October was a great month for residential home sales in the twelve Lakes Region communities covered in this report. There were 97 transactions at an average sales price of $287,919 with a median price point of $188,000. That brings our year to date total to 772 sales at an average of $297,874 with a median price point of $180,000. That compares to 624 sales at a average price of $310,684 posted for the first 10 months of 2011. That’s a 24 % increase in the total number of sales for that period....

There were ten Winnipesaukee waterfront homes that changed hands in October at an average sales price of $1.444 million with a median price point of $872,500. That brings our total for the year to 103 transactions at an average sales price of $1.056 million compared to 87 transactions at $1.057 million or the first ten months of 2011. That's a 19% increase in the number of sales which I would say is pretty good considering the state of the economy.

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There were 1,120 residential homes on the market as of November 1,2012 in the twelve communities covered in this Lakes Region real estate report. The average asking price stood at $491,382 with a median price point of $252,950. The residential inventory available is down from 1,230 last month and 1,277 last November. The current inventory represents a 14.6 month supply of homes on the market which is far better than we have seen over the summer months.

A search of the MLS system revealed...

Halloween is just around the corner. Kids will be out Trick or Treating in their scary costumes trying to see who can collect the biggest stash of candy and goodies. I got thinking about some of the classic costumes kids wear and realized that most of these costumes “fit” pretty well on real estate agents. While they may not be as visible as the ones the kids wear, they are pretty apparent once you describe them. Sometimes you see it in the way they act, their mannerisms, and how they conduct business....

September was a good month for residential home sales in the communities covered in this Lakes Region Real Estate Market Report. There were 91 transactions at an average sales price of $318,825. That is better than the 68 sales last September at an average price of $213,838. In September 2010 there were also 91 sales at a lower average of $263,411.For the first three quarters of 2012 there have been...

As of October 1, 2012 there were 1,230 residential homes available in the Lakes Region communities covered by this Lakes Region Real Estate Market report. The average asking price stood at $486,117 and the median price point was $259,450. The inventory level is down from 1,351 homes for sale last month and the 1,336 available last October. The average asking price has also softened from $518,193 last October down to $486,117. The median price point has also dropped about $5,000 from last October...

There were 93 residential home sales at an average price of $345,705 in August in the Lakes Region communities covered by this report. That’s a 12% bump up from last August when there were 83 homes sold at an average of $330,718. That’s a pretty good month in my book, but we still haven’t made that magic 100 sales in a month this summer that I was looking for. Maybe we’ll make it in September?



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So, Labor Day has come and gone. The tourists are gone too, but we’ll get a flurry of them back for the foliage. Let’s hope so because as of September 1, 2012 there were still 1,337 residential homes for sale in the communities in this Lakes Region real estate market report. The average asking price was $483,460 with a median price point at $259,900. The inventory level dropped a bit from 1,351 last month and...

I've been busy this week with three home inspections which is great and means I am selling something. Well, sometimes that is. Sometimes, things come unglued because of the home inspection process. Sometimes not. I gotta remember to bring wool socks to my next inspection. It could mean the difference between a successful inspection or not.

The most important step for a home buyer, after...

Residential home sales in our Lakes Region communities were not what I had hoped for in July. I was planning on a summer of love… real estate love, that is. Lots of sales, happy sellers, happy buyers. I was predicting, anticipating, and forecasting that we would have a month where sales would top 100 for the month. Nope, not in July. It is kind of like the national monthly job numbers; always...

Winnipesaukee waterfront sales took a little dive to cool off in July with only four transactions at an average price of $1.153 million. That’s down from the ten sales last July at an average price of $1.223 million. For the year thus far, there have been 66 sales on Winnipesaukee at an average price of $936,634 compared to 51 sales for the first seven months of 2011 at an average of $1.162 million and 45 at an...

The residential home inventory level in our Lakes Region report bumped up an inch or two from 1328 homes available on July 1 to 1351 available as of August 1 at an average asking price of $491,503. The median price point is at $259,900. The current inventory level represents a 20 month supply of homes on the market. We are down, however, from the 1412 homes available on August 1, 2011.

I continually...

June was another good month for residential home sales in the towns in this Lakes Region report with 92 transactions at an average price of $251,218. Last June we had 77 sales at an average of $478,304. For the first half of the year we have had 412 sales at an average price of $291,352 compared to 325 sales in the first half of 2011 at an average sales price of $328,294. That’s a 26% increase in sales but an 11% drop in the average sales price. So we have got some good signs and some bad signs....

We’re halfway through 2012 and it is a good time to see how a couple other segments of the real estate market are doing. Condominium sales are an important and integral part of our real estate market. Many buyers look to condos as a somewhat more affordable and maintenance free alternative to purchasing a stand alone vacation home. No one wants to spend their vacation or long weekends mowing lawns or painting trim when they could be out enjoying the lake or a round of golf. The condo lifestyle also...

June was a fantastic month as far as Winnipesaukee waterfront sales were concerned. There were seventeen sales at an average price of $940,500 and seven of those sales were over the million dollar mark. That compares to twelve sales last June with ten of those over a million resulting in a higher $1.78 million average. For the first half of the year there have been a total of 63 sales on the big lake...