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Real Estate Trends

 

 

Lake Winnipesaukee Real Estate, NH Waterfront Property, and Squam Lake NH Waterfront Property Market Conditions.

&

MEREDITH NH, CENTER HARBOR NH, MOULTONBOROUGH NH, ALTON NH,

tUFTONBORO NH, WOLFEBORO NH, GiLFORD NH,
& LACONIA NH

Residential

REAL ESTATE MARKET CONDITIONS.

 

Lake Winnipessaukee Waterfront real estate trends from 01/01/2007-07/14/2008

 

Lake winnipesaukee waterfront homes for sale ( homes with owned waterfront) for the time period from January 1, 2007 to July 14, 2008 have sold on average within 5% of the asking price. Thirty five homes on Lake Winnipesaukee, homes with owned waterfront, have sold during the time period from January 1, 2008 to July 14, 2008. The Winnipesaukee waterfront inventory is large at this july 14, 2008 mid-summer date, with 32 Lake Winnipesaukee waterfront homes for sale in the town of Moultonborough alone. (Moultonborough has by far the largest amount of shorefront on Lake Winnipesaukee and the lowest tax rate). (*Based on information from the Northern New England Real Estate Network, for the all of the WInnipesaukee-shored towns ( Alton, Meredith, center harbor, Moultonborough, Tuftonboro, Laconia, and gilford ) from 01/01/2007-07/14/2008. This information includes residential homes, NOT condos or land).



ALL NH residential (non-condominium) sales

Source for the below chart is the Federal Reserve Bank of Boston.

Submitted to NHAR by Peter Francese, Demographic Advisor to the New Hampshire Association of Realtors.

County
Units sold YTD
% change 2007-08
Median
price YTD
% change 2007-08
Average price YTD
% change 2007-08
Belknap
272
-21%
$220,000
-7%
$330,681
-8%
Carroll
288
-16%
$203,000
-10%
$302,620
-8%
Cheshire
278
-19%
$187,000
-11%
$228,800
-1%
Coos
125
-23%
$105,000
-7%
$131,672
-6%
Grafton
295
-31%
$200,000
-8%
$265,241
-3%
Hillsborough
1,260
-22%
$252,000
-10%
$287,427
-8%
Merrimack
460
-29%
$225,000
-9%
$257,145
-5%
Rockingham
1,075
-17%
$295,500
-6%
$351,741
-3%
Strafford
423
-25%
$223,000
-11%
$246,397
-8%
Sullivan
172
-22%
$166,500
-12%
$220,162
-3%
Statewide
4,648
-22%
$241,000
-8%
$287,451
-5%

Source: Northern New England Real Estate Network (NNEREN). Statistics are based on information from NNEREN for the respective periods shown for the respective regions in the State of New Hampshire or all towns in the State of New Hampshire. All analysis and commentary related to the statistics is that of the New Hampshire Association of REALTORS® and not that of NNEREN.

Center Harbor NH Real Estate Market Conditions

 

There are currently, as of March 6, 2008, a total of 10 Center-Harbor residential and waterfront real estate listings on the market. The median asking price is $494,000. The average asking price is $946,080. These current listings include a Squam Lake water-view estate property on Center Harbor Neck Road, a Squam Lake waterfront property on High Haith Road and a Winnipesaukee waterfront home on Dew Point Road in downtown Center Harbor. The average number of days on market is 89. No homes have sold in the last thirty days in Center harbor. One (1) home, Dew point Road was listed.*


(*Based on information from the Northern New England Real Estate Network, for the town of Center Harbor. This information includes Residential properties only, NOT condos or land.)

 

 

Meredith NH Real Estate Market Conditions as of
March 6, 2008

 

There are currently 21 Meredith Lake Winnipesaukee waterfront homes on the Northern New England Real Estate Network. The average asking price for these Meredith Lake Winnipesaukee waterfront homes is $1,657,943.

There are ninety-six (96) residential Meredith real estate listings on the market as of March 6, 2008. These ninety six (96) Meredith homes have a median asking price of $444,450 and an average asking price of $774,647. The average number of days on market is 229.

 

Six (6) Meredith NH homes sold in the past thirty days (since February 6, 2008). The average selling price was $442,083. The median selling price was $250,000. The average number of days on market was 168.

 

Twelve (12) Meredith homes were listed in the past thirty (30) days with a median asking price of $365,450 and an average asking price of $564,106. The average number of days on market so far for these home is eighteen 18.

 

Two Meredith NH Lake Winnipesaukee waterfront plots of land have sold since January 1, 2008. These are on Meredith Neck Road and Powers Road. The average selling price was $922,500.

Meredith NH residential home sales saw a decrease in number of sales from 2006 to 2007 but an increase in average sales price from 2006 to 2007.

 

Moultonborough NH Real Estate Market Conditions as of March 6, 2008.

 

Seventeen (17) Moultonborough listings are new to the market as of the past thirty (30) days. (Since February 6, 2008). The average asking price is $1,007,682. The median asking price is $549,000. The average number of days on market is fifteen. Five (5) Moultonborough, New Hampshire homes sold in the past thiry (30) days.

(*Based on information from the Northern New England Real Estate Network, for the town of Moultonborough for 2006 and 2007 through November 19th of 2007. This information includes residential properties only, NOT condos or land).

 

 

Lake Winnipesaukee, Squam Lake, Lake Winnisquam and Lake Opechee

Waterfront Real Estate Market Conditions by Town.

4th quarter statistics through November 18, 2007.

versus

4th quarter statistics through November 18, 2006 .

Was the lakefront market stronger in 2006 or 2007?

Read the statistics for each town and you be the judge.

 

Alton NH Winnipesaukee Waterfront Market Conditions

From January 1, 2008 to August 20, 2008 three (3) Alton Lake Winnipesaukee waterfront homes have sold. These sales were 90 Minge Cove Road Alton NH, 82 Pipers Point Lane Alton NH, and 126 Pipers Point Lane. Alton NH The average days on market was 215. The average selling price was $1,535,000. The median selling price was $1,535,000. Will the fall of 2008 show the funneling of the high end waterfront market that typically occurs in the Autumn? How will it compare to last year's Autumn market? How will it compare to 2006? Let's take a look at Autumn 2007 and 2006

From October 1, 2007 to November 18, 2007, five (5) Alton Lake Winnipesaukee waterfront homes sold. The median selling price for these Alton Winnipesaukee real estate listings was $755,000. The average selling price for these real estate listings was $974,000. The average number of days on market was 58. In 2006, by comparison, only two (2) Alton Winnipesaukee waterfront homes sold. The median selling price was $659,000, lower than in 2007. The average selling price was lower in 2006 as well, being only $659,000 versus $974,000. The average number of days on market was longer in 2006. At 104 days, the number of days on market was almost twice as long as the average days on market in 2007.*

(*Based on information from the Northern New England Real Estate Network, for the town of Alton. This information includes Residential properties only, NOT condos or land.)

 

Center Harbor NH Winnipesaukee Waterfront Market Conditions

From October 1, 2007 to November 18, 2007, no Center Harbor Winnipesaukee waterfront homes sold. Nor did any Center-Harbor Winnipesaukee waterfront homes sell From October 1, 2006 to November 18, 2006.

From October 1, 2007 to November 18, 2007, one Squam Lake waterfront home sold. From October 1, 2006 to November 18, 2006, two Squam Lake waterfront homes sold. The average number of days on the market was 158 in 2006 versus 59 days in 2007. There is probably too little data for Squam or Winnipesaukee during these quarters to make any judgement on a change for the better or worse in Lake Winnipesaukee or Squam Lake market conditions.*

(*Based on information from the Northern New England Real Estate Network, for the town of Center Harbor fro the time period from October 1, 2007 to November 18, 2007 and for the time period from October 1, 2006 to November 18, 2006. This information includes Residential properties only, NOT condos or land.)

 

Moultonborough NH Market Conditions

Moultonborough Lake Winnipesaukee waterfront median selling prices were lower in every quarter of 2007 than in 2006. In three of the four quarters, median selling prices of Lake Winnipesaukee waterfront homes in Moultonborough were down significantly.*

 

The median selling price for Moultonborough NH Winnipesaukee waterfront homes in the first quarter of 2006 was $1,200,000. The median selling price of Moultonborough NH Winnipesaukee waterfront homes for sale in 2007 was only $770,000, approximately 1/3 less than than the median selling price in 2006.

 

The median selling price for Moultonborough Winnipesaukee waterfront home sales in the 2nd quarter of 2006 was $1,099,000. The median selling price for Moultonborough Winnipesaukee waterfront home sales in the 2nd quarter of 2007 was only $609,400, roughly 5/11 of what the median sales price had been in the 2nd quarter of 2006.


The median selling price for Moultonborough Winnipesaukee waterfront home sales in the 3rd quarter of 2006 was $1,520,000. The median selling price for Moultonborough Winnipesaukee waterfront home sales in the 3rd quarter of 2007 was $1,059,000, roughly 1/3 less than the median selling price of Lake Winnipesaukee
waterfront home sales in 2006.


The median selling price for Moultonborough Lake Winnipesaukee waterfront home sales in the 4th quarter, through November 19th of 2006 was $947,000. The median selling price for Moultonborough Lake Winnipesaukee waterfront home sales in the 4th quarter of 2007 through November 19th, was $900,000, just slightly lower than the median sales price during this same time period on 2006. In my opinion, this may be showing a stabilization in the Lake Winnipesaukee waterfront market in general. The next two quarters should be an indication of whether or not this is a trend or merely a blip in a still erratic real estate market.(*Based on information from the Northern New England Real Estate Network, for the town of Moultonborough for 2006 and 2007 through November 19th of 2007. This information includes residential properties only, NOT condos or land).

 

Moultonborough NH Market Conditions

In Moultonborough 2007 from 7/1/2007 to August 14 2007 (the first half of the third quarter) five (5) Moultonborough Winnipesaukee waterfront homes sold. These included 223 Eagle Point Road, 15 First Point Road, 10 Falcon Way, 20 Adams Shore Road, and 5 Melanson Point Road. The high was $1,300,000 for 223 Eagle Shore Road and the low was 5 Melanson Point road for $365,000. The median selling price for the 1st half of the third quarter of 2007 for Moultonborough Winnipesaukee waterfront sales was $969,000 and the average selling price for Moultonborough Winnipesaukee waterfront sales was $909,300. The average days on market for Moultonborough Winnipesaukee waterfront sales during this same time period was 181. The trend so far for 2007 is that the inventory is growing and properties are being listed faster than they are being sold. As of march 31st 2007, there were 36 Moultonboro Lake Winnipesaukee waterfront homes were on the market. As of August 15, 2007, there are 52 Moultonboro Lake Winnipesaukee waterfront homes listed on the current market.

Alton NH Market Conditions

Alton Winnipesaukee waterfront home sales were up in the first quarter of 2007 as compared to the first quarter of 2006. There were 5 Alton Winnipesaukee waterfront homes sales in 2007 and only three in 2006. Showing some slowing in the market though, we saw the median number of days on market grow longer in the first quarter of 2007 than in the first quarter of 2006 for Winnipesaukee waterfront home sales in Alton NH. The median number of days on market for Alton Winnipesaukee waterfront home sales was 76 in 2006 versus 130 days on market in 2007. As for market activity since the end of the first quarter of 2007, 2 Alton residential homes have sold, two water access homes have sold and one Winnipesaukee waterfronthome has sold, on Pipers Point in Alton, which sold for $1,800,000.

Gilford NH Market Conditions

There were 7 Gilford Winnipesaukee waterfront home sales in the first quarter of 2007. In 2006, by comparison, there were only 3 Gilford Winnipesaukee waterfront home sales. In 2006 the number of days on market for Gilford Winnipesaukee homes for sale was longer (85 days on market average in 2006 as opposed to only 71 days on market on average in 2007). As for Gilford Residential market conditions in the first quarter of 2006 vs. 2007, 16 residential homes sold in the first quarter of 2007 with a median selling price of $223,600, an average selling price of $300,744, and an average number of days on market of 139. In the first quarter of 2006 14 residential homes sold, with a median selling price of $250,00, an average selling price of $264,207, and an average number of days on market of 151. (Residential homes for the purpose of these statistics, includes only residential homes with no shared waterfrontage and no owned waterfrontage).

Meredith NH Market Conditions

No waterfront homes in Meredith sold in the first quarter of 2006, and one waterfront home sold in Meredith in the first quarter of 2007, on Stonedam Island Road, for $535,00. As of March 31, 2007 there were 231 Meredith homes for sale. The average Days on Market for homes for sale in Meredith is 231. The average price for current Meredith homes for sale is $389,000. The median price for Meredith homes for sale on the current real estate market is $389,900.

(*Based on information from the Northern New England Real Estate Network, for the towns of Meredith, Moultonborough, Center-Harbor, Tuftonboro, Wolfeboro, Alton and Gilford This information includes Residential properties only, NOT condos or land.)

Market Conditions

Will be updated on the 13th of every month. Visit my website monthly to follow market conditions in your favorite town.

On December 13, 2006 market conditions were as follows:
Town # of active listings Days on Market Average Price Median new* sold**
Meredith 111 215 $668,547 $389,900 6 8
Center Harbor 13 191 $1,171,733 $679,000 1 1
Moultonborough 136 163 $569,612 $349,900 12 9
Tuftonboro 55 207 $655,517 $379,000 3 3
Wolfeboro 125 174 $698,512 $385,000 10 3
Alton 108 164 $546,814 $338,500 12 6
Gilford 109 167 $707,187 $399,900 0 8
Laconia 145 171 $368,730 $269,900 20 17

New * (last 30 days)
Sold *8(las t 30 days )