Three Real Estate Myths?



A recent article on the Fox Business News website by Brendon DeSimone cautioned readers not to be fooled by three real estate myths. Hey, what do you know, Real Estate Mythology! The first myth was that spring is the best time to sell a home. It has long been the conventional...

Lakes Region of NH Waterfront Sales - March 2013

There were five waterfront sales on Lake Winnipesaukee in March, 2013 at an average price of $869,200. Two of those sales did break the million dollar mark. Last March we had a banner month with fourteen sales at an average of $797,086! So things do seem to be a bit off so far this year on the big lake. For the 1st quarter of the year there...

There were three sales in February on Lake Winnipesaukee at an average of $1.26 million. That’s down from last February when we had seven sales that were all below the million dollar mark resulting in an average price of just $606,429. While the total number of sales are down this year so far, at least a few high dollar properties are moving.

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There were 54 residential home sales in January in the Lakes Region communities covered by this real estate market report. The average sales price was $189,399 and the median price came in at $169,430. I thought that was pretty dismal until I looked at last January’s sales numbers and realized we only had 48 sales then. Even though last January’s average sales price was higher at $295,068 and the median...

There were 882 residential homes for sale as of February 1, 2013 in the Lakes Regioncommunities covered by this report. The average list price stood at $500,702 with a median price point of $244,900 and an average time on the market of 234 days. The inventory level is down considerably from last February 1 when there were 975 homes available. Our current inventory level represents a 11.5 month supply...

The number of residential homes for sale in the Lakes Region of NH definitely took a big drop on New Year’s Day as hundreds of properties listed in the MLS expired without finding a buyer. Memorial services will be held in multiple locations around the Lakes Region. Please check the obituaries as most of the families of the deceased would be appreciative of donations toward their mortgage payments in lieu...

The year is coming to a close and once again people will be making predictions and resolutions. There’s no question we’ve had some pretty lean years recently and everyone is truly hoping for a more prosperous New Year. We are all looking for good news. Everyone wants to have their share of the American Dream. To many, the most important part of the American Dream is home ownership, you know, to have a...

If you are reading this then the world didn’t end as predicted. But 2012 is coming to an end soon and we are headed down the homestretch with 86 residential sales last month in the communities listed in this Lakes Region real estate market report. That’s a 44% increase over the 60 sales posted last November! The average sales price came in at $332,653 with a median price point of $172,600. There have...

There were twelve drummers drumming and twelve waterfront sales on Winnipesaukee in November! Maybe ten lords were leaping to get their checkbook and two of the nine ladies that were dancing paid cash? The average sale price came in at $645,917 with a median price point of $587,500. There were eleven pipers standing out on the Meredith Town Docks piping away about the eleven month sales total of 115 transactions...

The residential home inventory in the twelve communities covered in this Lakes Region market report dropped to 1,023 listings as of December 1, down from 1,120 in November and 1,168 as of December 1, 2011. This inventory level represents a 13 month supply of homes on the market which is the lowest we've seen in a long, long time. Maybe, there really is a Santa Claus.

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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...