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 12 waterfront sales on Lake Winnipesaukee in the month of August at an average price of $1.18 million. That compares to eighteen sales at an average of $827,589 in August 2011 and 14 sales at $1.1 million in 2010. The average sales price so far this year on the big lake is $956,021 compared to $1.074 million last year. There have been 80 sales so far this year compared to 69 for the same period last year. So lakefront property is moving well but at a lower price.

...

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?



...

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...

As of July 1, there were 1,328 residential homes for sale in the communities covered in this Lakes Region real estate market report. The average asking price for those listings was $503,419 and the median price point was $259,900. These numbers are down a bit from last July 1 when there were 1,389 listings on the market at an average asking price $525,250. The current inventory level still represents...

I’ve got to admit that real estate agents tend to try and paint the properties they have for sale in the best possible light when they describe them. Well, most agents anyway. There are still plain vanilla descriptions such as “2 Bedroom, 2 bathroom house with 1,512 Sq ft of living space on a 3.62 acre lot. Large attached garage with storage space above it. Land is partially wooded. Basement is partially finished.”...

May was a great month for waterfront sales on Winnipesaukee with twelve transactions at an average price of $638,231. None of the sales exceeded $1 million, but three were in the $900,000 range. Last May there were only four sales on the big lake but the average sales price did come in higher at $1.053 million. To me, it is just as good to see a lot of properties selling on the...

Hey, it is the holiday weekend! Get out there and enjoy all the Lakes Region has to offer! So, what is your favorite real estate movie? When you stop and think about it, there are more movies dealing with real estate than you might have originally guessed. Early westerns were about settlers trying to make new homes in the Old West, war movies are really about countries fighting over real estate, and horror movies are often about haunted houses. Excluding those types of movies narrows the field...