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» Made in USA
Old
Rating: 8 votes, 5.00 average.

Haunted Houses

Posted 10-30-2010 at 10:10 AM by Roy Sanborn



The snarling dog that had chased my car for half a block stopped dead in his tracks when I turned into the driveway. This house seems like all the others I have seen lately. There are no lights on and itís hard to see through the windows, the grass hasnít been mowed for months, paint is peeling on the porch, and there is no sign of life; at least the kind we like to talk about. Going up the steps...
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Posted in Real Estate
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Sales Up, Leaves Down

Posted 10-24-2010 at 05:17 PM by Roy Sanborn



Activity in the Lakes Region real estate market seems to have picked up a little as we move into colder weather. Maybe the brisk weather has invigorated the buyers? September was a really great month with a 36% increase in the number of residential home sales over last September for those communities listed. There were 91 homes sold in our area last month at an average price of $263,411. Over half of...
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Posted in Real Estate
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The Tax Man Cometh...

Posted 10-10-2010 at 08:35 PM by Roy Sanborn



There were 1246 residential homes for sale as of October 1, 2010 in the communities listed in this Lakes Region Real Estate Market Report. This total mirrors the tally from last October 1 at 1249. The average asking price of $569,141 is down from $604,125 last October as was the median asking price of $289,900 compared to $299,000. We dropped about a monthís worth of inventory and currently have...
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Posted in Real Estate
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You Can't See in a White Out

Posted 09-12-2010 at 10:57 PM by Roy Sanborn

There were only 1318 residential homes on the market as of September 1 in the Lakes Region of NH communities covered in this report. I am being a little sarcastic. That it is better than the 1344 available on August, but more than the 1291 last September 1st. This total represents 20.5 months worth of inventory which is still three times what it should be! I guess this must be the new norm.

...
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Posted in Real Estate
Views 1795 Comments 0 Roy Sanborn is offline
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Free Money for Home Buyers...

Posted 09-03-2010 at 03:43 PM by Roy Sanborn

Wow! Lending institutions are making free money available to home buyers! Well, maybe not free, but it is about as close to free as you are probably ever going to get! FHA and conventional 30 year mortgages were at 4.375% when I checked the other day. A 15 year fixed rate was an unbelievable 3.75% and a 5/1 ARM was at 4.125%. These are really pretty extraordinary interest rates! It is also extraordinary, in a bad sort of way, that even with the relatively low home prices, buyers are not taking advantage...
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Posted in Real Estate
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New Home Construction, Now!?!

Posted 08-29-2010 at 10:44 AM by Roy Sanborn



While there is not a lot of new home construction going on in the Lakes Region of NH, it is nice to see that there are some homes being built despite the depressed housing market that we are currently struggling through. It is even nicer to see that some of the developments are actually moving product!

The busiest new home development right now is the Villas at Paugus Bay...
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Posted in Real Estate
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Global Warming and the Real Estate Market

Posted 08-19-2010 at 11:51 AM by Roy Sanborn
Updated 08-24-2010 at 11:10 PM by Roy Sanborn



The Concord Monitor reported last week that “Statewide residential sales fell (in NH) nearly 32% in July from a year earlier… the steepest annual decline in more than two years…” Yes, July was not a particularly great month for home sales in NH or for that matter anywhere else, but why does everyone have to focus so much on every little negative turn? In the Lakes Region of NH, the towns...
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Posted in Real Estate
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The Home Inspection Hurdle

Posted 08-08-2010 at 07:14 PM by Roy Sanborn


August is the high point for the summer. Unfortunately, it is also the high point for the total number residential listings on the market this year. As of August 1 there were 1344 homes on the market in the Lakes Region towns in this report. Thatís up 6% from the 1277 available last month and the 1281 posted last August. Based on the rate of sales for the previous 12 months, we have a 21.5...
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Posted in Real Estate
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Lakes Region Real Estate Report - 1st Half 2010

Posted 07-16-2010 at 02:34 PM by Roy Sanborn



We are half way through another year and you have to ask: ďAre we having fun yet?Ē. In the communities covered by this Lakes Region of NH report, home sales have improved nicely but it certainly doesnít feel like we are at the Six Flags Amusement Park. Every sale now seems to be fraught with unending complications and issues as a result of increased regulations and scrutiny of the lenders...
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Posted in Real Estate
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Old
Rating: 2 votes, 3.00 average.

For Sale: Bank Owned at 1600 Pennsylvania Ave

Posted 07-10-2010 at 01:26 PM by Roy Sanborn



The residential home inventory stood at 1277 homes available as of July 1, 2010 in the communities in this Lakes Region Real Estate Market Report. The average asking price came in at $551,228 and the median asking price was $285,000. This inventory level represents 19 ĺ months worth of homes on the market. That is down slightly from the 22 months worth of homes available last July 1 but...
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Posted in Real Estate
Views 6581 Comments 0 Roy Sanborn is offline
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Looking for an immaculate home??

Posted 07-02-2010 at 03:17 PM by Roy Sanborn


In search of an immaculate home...

I was searching the MLS last week for a home between $250,000 and $450,000. A home that you would consider to be of high quality, great condition, wonderfully maintained, and that has lots of character and charm. A home that I would call special. I was only looking in three or four specific communities but I really didnít come up with much. Undaunted,...
Junior Member
Posted in Real Estate
Views 1696 Comments 0 Roy Sanborn is offline
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More Homes Stuck in the Middle

Posted 06-24-2010 at 11:57 AM by Roy Sanborn


The telephone is ringing, well, at least a little bit. It seems that buyers are out riding around and calling in on the yard signs which is great, but sometimes frustrating. One afternoon this week our duty agent had two inquiries on properties by cell phone and lost calls due to poor cell phone connections. Sometimes calls will get dropped two or three times in order to get just...
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Posted in Real Estate
Views 1689 Comments 0 Roy Sanborn is offline
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A Home For Your Hog

Posted 06-18-2010 at 11:00 AM by Roy Sanborn



It is the 87th Anniversary of the Laconia Motorcycle Rally and thousands of bikers have descended on the Lakes Region to enjoy the scenery and hospitality of the area. Todayís motorcycle enthusiasts are a far cry from the early days. Today there are doctors, lawyers (a few Indian Chiefs), business professionals, corporate executives, and more than a few real estate agents out there enjoying...
Junior Member
Posted in Real Estate
Views 1779 Comments 0 Roy Sanborn is offline
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E=mc≤ and the Housing Market in the Lakes Region of NH

Posted 06-04-2010 at 04:34 PM by Roy Sanborn


As of June 1, 2010 there were 1256 residential homes for sale in the communities in this Lakes Region market report. The average asking price stood at $578,941 and the median sales price was $299,000. This equates to a very high 19ĺ monthís worth of inventory on the market (just in case you are wondering why it is taking a long time for your home to sell). In June of 2008 there were 1128 homes for...
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Posted in Real Estate
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