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Lakes Region Real Estate Sales Report - October 2010

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Posted 11-19-2010 at 06:51 PM by Roy Sanborn

There were 68 residential home sales for the month of October in the communities in this Lakes Region market report. That is down a bit from the 73 posted last October. The average sales price was up significantly from the $271,339 last October to the $395,012 last month. This increase in the average sales price is due to a large waterfront sale rather than any surge in overall home pricing. On a rolling twelve month basis ending 10/31/10 there have been 791 homes sold at an average of $319,297 compared to 675 sales at an average price of $283,595 for the twelve month period ending 10/31/10. That translates to a healthy 18% increase in total sales and a 13% higher average sales price. Things might not really be rocking and rolling yet, but at least the juke box is still working…

The highest residential sale so far this year closed in October. This extraordinary home at 59 Little Road in Meredith has 12,933 square feet of living space, 20 rooms, five bedrooms, seven total baths, and a five car garage! It obviously has all the high end features imaginable including beautiful wood and stone work, massive fireplaces, a gourmet kitchen, soaring great room, an in-law apartment, wine cellar, exercise room, an outdoor kitchen, and multiple decks and patios. This home sits on a 4.31 acre lot that provides total privacy and 830 feet of frontage with great views. This property was originally listed at $8.9 million, was reduced to $6.999 million and sold for $6.839 million after 419 days on the market.

Can you believe it? The holidays are fast approaching! Soon our homes will take center stage in the holiday festivities. Thanksgiving, in particular, is a day to be enjoyed (actually savored) at home (unless you go to Hart’s Turkey Farm, which is a totally acceptable alternative here in the Lakes Region). The origin of Thanksgiving is debatable but most of us have been taught that it started with the Pilgrims at Plymouth Plantation in Massachusetts. The story goes that their first winter at Plymouth Rock in 1620 was extremely harsh and 46 of the 102 Pilgrims that sailed on the Mayflower died. The following summer’s harvest was bountiful thanks to the fact that the local Indians had taught the Pilgrims how fish and grow local crops like corn. So these hearty survivors gave thanks to God almighty and the Indians for saving them. They invited the Indians into their home for a harvest feast thus starting a tradition that survives today with some minor changes…like football. I’m not sure that the Pilgrims and Indians played football that first Thanksgiving, but it may be no small coincidence that the number of Pilgrims that survived (56) is the same number of players on a professional football team (plus the coach, offensive, and defensive coordinators that is)!

Family always comes home for Thanksgiving. You might not hear from little Julie for three months, but she’ll be home. Robert Frost said “Home is a place where, when you go there, they have to take you in”.Another old saying goes, “Home is where the heart is…” It is more likely your kids know where the turkey is—along with stuffing, cranberry sauce, mashed potatoes and gravy. But no matter. Thanksgiving is really about getting together for a family celebration on a brisk fall day in a home that they love warmed by a fire and a 325 degree oven that has been on for 7 hours. Thanksgiving is a time to catch up on family news and tell stories over a wonderful turkey dinner. Once you have eaten so much that you have to pop the buckle on your trousers and lie horizontally in your recliner, you can watch the Pilgrims and Indians…I mean the Lions and Cowboys play some football. Your kids may find this an opportune time to discuss their Christmas wish list or perhaps a small loan.

The only bad part of Thanksgiving is the stack of dishes, pots, and pans as high as Mt. Washington that need to be washed after everyone has gorged themselves into a stupor. This dilemma is, in part, responsible for the profound success and longevity of Hart’s Turkey Farm----along with the fact that they provide a fabulous home cooked meal that would rival Grandma’s any day of the week! Maybe that old saying should be changed to “Home is where the Harts are…”

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