Residential home sales in our Lakes Region communities were not what I had hoped for in July. I was planning on a summer of love… real estate love, that is. Lots of sales, happy sellers, happy buyers. I was predicting, anticipating, and forecasting that we would have a month where sales would top 100 for the month. Nope, not in July. It is kind of like the national monthly job numbers; always...

Winnipesaukee waterfront sales took a little dive to cool off in July with only four transactions at an average price of $1.153 million. That’s down from the ten sales last July at an average price of $1.223 million. For the year thus far, there have been 66 sales on Winnipesaukee at an average price of $936,634 compared to 51 sales for the first seven months of 2011 at an average of $1.162 million and 45 at an...

The residential home inventory level in our Lakes Region report bumped up an inch or two from 1328 homes available on July 1 to 1351 available as of August 1 at an average asking price of $491,503. The median price point is at $259,900. The current inventory level represents a 20 month supply of homes on the market. We are down, however, from the 1412 homes available on August 1, 2011.

I continually...

Selling a home in this market can be challenging to say the least. I talk a lot about setting the right price and creating real value for any prospective buyers that are about to look at your home, but there really is a lot more to selling a home than just price. Marketing a home is what a listing agent’s job really is all about. And, if the truth be known, some agents and agencies do more than...