Quote:
Originally Posted by Eagle54
The waterfront property market on Winnipesaukee is obviously very hot with lots of demand and little inventory. Some of that demand is fueled by Covid with many people looking to move to NH. At some point all hot markets cool off, but I was curious if there is any evidence of what tangibly happens in a market like this. Do waterfront values just not increase as fast? Stay flat? Or have there been instances when they actually decline significantly?
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Go to Zillow and Realtor.com and search Laconia Gilford Meredith from 700k to 2M. You will see the market has slowed and asking prices dropping.
Back in 2007 after the mortgage crisis prices dropped significantly but that was nationwide not just exclusively waterfront.
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