Waterfront Home sales

winlessinnh · 06-13-2013, 10:33 AM

Does anyone know the web site that publishes the number of waterfront homes sold in the month and the details on each. I lost it from my favorites.

upthesaukee · 06-13-2013, 11:44 AM

Look for Roy Sanborn's blogs on Real Estate. He is the one who posts the info.

mcdude · 06-13-2013, 12:24 PM

HERE YOU GO!

webmaster · 06-13-2013, 01:20 PM

Roy also posts his real estate blogs here. Just click Blogs in the menu bar.

winlessinnh · 06-13-2013, 02:29 PM

Thanks for the info.

winterh · 06-16-2013, 05:44 PM

I have been looking for a new waterfront home since I sold my old one last year. I have been cautious because it seems to me there is very little movement over 1 million and prices are still falling.

tis · 06-16-2013, 05:55 PM

Winterh, I agree with you I don't think as much is moving as they would have you think, although I think it is better than it was. I do think there is a slight increase in asking prices. It seems they are creeping up a bit.

secondcurve · 06-16-2013, 07:26 PM

Quote:

Originally Posted by winterh

I have been looking for a new waterfront home since I sold my old one last year. I have been cautious because it seems to me there is very little movement over 1 million and prices are still falling.

Did you sell because you thought prices were falling and now you are trying to enter at a lower price or did you have an unrelated reason for selling?

winterh · 06-17-2013, 05:39 AM

I sold because I lived there full time in a giant house with insane taxes. I moved a bit south for work and am now looking for a smaller vacation type home. I did not sell because of the market but looking at all the high end stuff sitting there it has turned out to be a good move. I do not think I could get today what I got a bit over a year ago. Look at Wolfeboro. 15 homes priced at over 2 million and 2 homes sold over that in last year. That's over a seven year supply of homes on the market. Not good.

secondcurve · 06-17-2013, 05:56 AM

Quote:

Originally Posted by winterh

I sold because I lived there full time in a giant house with insane taxes. I moved a bit south for work and am now looking for a smaller vacation type home. I did not sell because of the market but looking at all the high end stuff sitting there it has turned out to be a good move. I do not think I could get today what I got a bit over a year ago. Look at Wolfeboro. 15 homes priced at over 2 million and 2 homes sold over that in last year. That's over a seven year supply of homes on the market. Not good.

Winerh: Thanks for your explanation. I agree that lake front property prices are in oversupply and this continues to put downward pressure on prices. That being said, there isn't the level of financial stress in the market place that typically leads to fire sales. Rather, we have a stagnant marketplace with relatively low activity. I find it interesting that this far into an economic recovery prices have not rebounded especially when extraordinary low interest rates are considered. My guess is that the market will remain flat for quite a few years to come making up for the rapid price escalation we saw in the past 15-years. This is a classic example of reversion to the mean. Good luck with your search.

codeman671 · 06-17-2013, 12:19 PM

The $2mil and up range is always tough. Lets face it, the higher the price the smaller percentage of buyers that can afford it.

Mainland stuff in the $750k-$1.5mil is not bad. One just went under agreement on Echo Point in Alton that was on the market for $899k, I think it lasted a few weeks.

I keep a close eye on the island market, being that I am in it. Quite a few island properties have gone under agreement lately and its only June, granted these typically are more affordable for the average person.

songkrai · 06-17-2013, 02:23 PM

It is the Sequester.

Lot's of businesses rely on government contracts. Either directly or indirectly.

Whether good or bad pro or con. Many businesses rely on defense contracts or federal contracts. Even right here in NH.

Lots of uncertainty. Those with the big buck incomes.

Just look at the stuff Freudenberg makes here in NH.

Defense Contract Totals for Contractors in New Hampshire by County from 2000 to 2012

County & State Number of Defense Contractors Number of Defense Contracts Awarded Dollar Amount of Defense Contracts Awarded

Belknap County NH 51 2,125 $106,990,929

Carroll County NH 30 107 $2,732,464

Cheshire County NH 75 1,237 $75,537,234

Coos County NH 14 176 $10,394,682

Grafton County NH 127 7,009 $582,444,100

Hillsborough County NH 505 9,161 $10,285,375,160

Merrimack County NH 172 1,343 $103,623,921

Rockingham County NH 399 8,450 $2,199,186,367

Strafford County NH 126 1,668 $49,701,964

Sullivan County NH 30 4,467 $429,677,513

LINK

surfnsnow · 06-17-2013, 02:33 PM

the sequester began in march 2013, how does this explain the previous 3 years of slow sales?

ITD · 06-17-2013, 03:51 PM

Quote:

Originally Posted by secondcurve

Winerh: Thanks for your explanation. I agree that lake front property prices are in oversupply and this continues to put downward pressure on prices. That being said, there isn't the level of financial stress in the market place that typically leads to fire sales. Rather, we have a stagnant marketplace with relatively low activity. I find it interesting that this far into an economic recovery prices have not rebounded especially when extraordinary low interest rates are considered. My guess is that the market will remain flat for quite a few years to come making up for the rapid price escalation we saw in the past 15-years. This is a classic example of reversion to the mean. Good luck with your search.

Unfortunately secondcurve, this isn't a recovery and as soon as the Fed stops printing money the bottom will fall out. Although I have to tell you I am quite tickled with the stock market, I'm waiting for the next correction which should be a doosy, so I can buy more stocks, let's just hope it's due to some sanity finding its way into our leaders and not a complete collapse.

06-13-2013, 10:33 AM	#1
winlessinnh Member Join Date: Jun 2012 Posts: 31 Thanks: 0 Thanked 1 Time in 1 Post	Waterfront Home sales Does anyone know the web site that publishes the number of waterfront homes sold in the month and the details on each. I lost it from my favorites.

06-13-2013, 11:44 AM	#2
upthesaukee Senior Member Join Date: Jan 2003 Location: Alton Bay Posts: 5,547 Blog Entries: 2 Thanks: 2,398 Thanked 1,918 Times in 1,061 Posts	Go to the Blogs on this site Look for Roy Sanborn's blogs on Real Estate. He is the one who posts the info. __________________ I Live Here... I am always UPTHESAUKEE !!!!

06-13-2013, 12:24 PM	#3
mcdude Senior Member Join Date: Jul 2002 Location: Rock Haven Lake - West Newfield, ME Posts: 5,361 Thanks: 374 Thanked 1,044 Times in 490 Posts	HERE YOU GO! __________________

06-13-2013, 02:29 PM	#5
winlessinnh Member Join Date: Jun 2012 Posts: 31 Thanks: 0 Thanked 1 Time in 1 Post	Thank you! Thanks for the info.

The Following User Says Thank You to winlessinnh For This Useful Post:

06-13-2013, 01:20 PM	#4
webmaster Moderator Join Date: Jun 2002 Posts: 2,434 Blog Entries: 1 Thanks: 440 Thanked 3,726 Times in 824 Posts	Roy also posts his real estate blogs here. Just click Blogs in the menu bar.

06-16-2013, 05:44 PM	#6
winterh Senior Member Join Date: Jun 2009 Posts: 230 Thanks: 21 Thanked 119 Times in 54 Posts	I have been looking for a new waterfront home since I sold my old one last year. I have been cautious because it seems to me there is very little movement over 1 million and prices are still falling.

06-16-2013, 05:55 PM	#7
tis Senior Member Join Date: Jan 2006 Posts: 6,410 Thanks: 719 Thanked 1,381 Times in 957 Posts	Winterh, I agree with you I don't think as much is moving as they would have you think, although I think it is better than it was. I do think there is a slight increase in asking prices. It seems they are creeping up a bit.

The Following User Says Thank You to tis For This Useful Post:

06-17-2013, 05:39 AM	#9
winterh Senior Member Join Date: Jun 2009 Posts: 230 Thanks: 21 Thanked 119 Times in 54 Posts	I sold because I lived there full time in a giant house with insane taxes. I moved a bit south for work and am now looking for a smaller vacation type home. I did not sell because of the market but looking at all the high end stuff sitting there it has turned out to be a good move. I do not think I could get today what I got a bit over a year ago. Look at Wolfeboro. 15 homes priced at over 2 million and 2 homes sold over that in last year. That's over a seven year supply of homes on the market. Not good.

The Following User Says Thank You to winterh For This Useful Post:
secondcurve (06-17-2013)

06-17-2013, 12:19 PM	#11
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,360 Thanks: 210 Thanked 764 Times in 448 Posts	The $2mil and up range is always tough. Lets face it, the higher the price the smaller percentage of buyers that can afford it. Mainland stuff in the $750k-$1.5mil is not bad. One just went under agreement on Echo Point in Alton that was on the market for $899k, I think it lasted a few weeks. I keep a close eye on the island market, being that I am in it. Quite a few island properties have gone under agreement lately and its only June, granted these typically are more affordable for the average person.

06-17-2013, 02:23 PM	#12
songkrai Senior Member Join Date: Dec 2009 Posts: 725 Thanks: 35 Thanked 145 Times in 98 Posts	It is the Sequester. Lot's of businesses rely on government contracts. Either directly or indirectly. Whether good or bad pro or con. Many businesses rely on defense contracts or federal contracts. Even right here in NH. Lots of uncertainty. Those with the big buck incomes. Just look at the stuff Freudenberg makes here in NH. Defense Contract Totals for Contractors in New Hampshire by County from 2000 to 2012 County & State Number of Defense Contractors Number of Defense Contracts Awarded Dollar Amount of Defense Contracts Awarded Belknap County NH 51 2,125 $106,990,929 Carroll County NH 30 107 $2,732,464 Cheshire County NH 75 1,237 $75,537,234 Coos County NH 14 176 $10,394,682 Grafton County NH 127 7,009 $582,444,100 Hillsborough County NH 505 9,161 $10,285,375,160 Merrimack County NH 172 1,343 $103,623,921 Rockingham County NH 399 8,450 $2,199,186,367 Strafford County NH 126 1,668 $49,701,964 Sullivan County NH 30 4,467 $429,677,513 LINK

06-17-2013, 02:33 PM	#13
surfnsnow Senior Member Join Date: Jan 2012 Posts: 173 Thanks: 133 Thanked 52 Times in 29 Posts	the sequester began in march 2013, how does this explain the previous 3 years of slow sales?