The market in general may have it's ups and downs. I think Winnipesaukee waterfront homes are a little different because of the limited supply. I have not seen the prices drop as much as the non waterfront homes when the market drops and they seem to be at the top when prices increase.
The current 7% mortgages will have an effect on much of the market but many people buying waterfront homes are paying cash.
In my Florida neighborhood, and it is a new neighborhood of 800 homes, I understand that 62% of buyers are paying cash. But the demographic may be mostly older and retired people so that certainly affects the number who can pay cash.
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