June was another good month for residential home sales in the towns in this Lakes Region report with 92 transactions at an average price of $251,218. Last June we had 77 sales at an average of $478,304. For the first half of the year we have had 412 sales at an average price of $291,352 compared to 325 sales in the first half of 2011 at an average sales price of $328,294. That’s a 26% increase in sales but an 11% drop in the average sales price. So we have got some good signs and some bad signs....

We’re halfway through 2012 and it is a good time to see how a couple other segments of the real estate market are doing. Condominium sales are an important and integral part of our real estate market. Many buyers look to condos as a somewhat more affordable and maintenance free alternative to purchasing a stand alone vacation home. No one wants to spend their vacation or long weekends mowing lawns or painting trim when they could be out enjoying the lake or a round of golf. The condo lifestyle also...

Buyers Look to Assessments to Guide Them on Property Values

As people search for Winnipsaukee or Squam Lake real estate, they often ask about the town assessements for the Winnipesaukee or Squam listings that pique their interest. In purchasing a commodity that has as many intangible and subjective qualities as Winnipesaukee or Squam Lake waterfront real estate, potential buyers look for whatever they can find to help guide them to what they perceive as a reasonable offering price...

June was a fantastic month as far as Winnipesaukee waterfront sales were concerned. There were seventeen sales at an average price of $940,500 and seven of those sales were over the million dollar mark. That compares to twelve sales last June with ten of those over a million resulting in a higher $1.78 million average. For the first half of the year there have been a total of 63 sales on the big lake...

As of July 1, there were 1,328 residential homes for sale in the communities covered in this Lakes Region real estate market report. The average asking price for those listings was $503,419 and the median price point was $259,900. These numbers are down a bit from last July 1 when there were 1,389 listings on the market at an average asking price $525,250. The current inventory level still represents...