The number of residential sales last month in the towns covered by this Lakes Region market report were up 16% over last October. There were 79 transactions in October 2011 at an average sales price of $300,711 compared to 68 sales October last at an average price of $395,012. For the first 10 months of the year we have had 624 sales at an average $310,684 compared to 651 sales at an average $312,000 for the same period last year. It would be nice if we could have an exceptionally strong holiday...

Halloween has come and gone and it didn’t scare off buyers looking to purchase waterfront homes on Lake Winnipesaukee. There were eleven sales at an average price of $1.17 million and a median price point of $950,000. That matches the eleven sales last October although the average sales price came in higher at $1.46 million. If there is a any bright spot or consistency in our current real estate market it would have to be waterfront sales on the big lake.

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As of November 1, 2011 there were 1277 residential homes on the market in the communities in this Lakes Region real estate market report. The average asking price came in at $516,128 with a median price point of $269,900. Last November there were 100 fewer homes on the market at an average asking price of $559,403 and a median of $284,450. Seems like all the trends are heading in the wrong direction including the weather. The current home inventory represents a 20.5 month supply of property to sell....

When I answered the phone, I could barely make out the faint voice on the other end of the line. The woman, almost whispering, said her name was Liz and that she’d like to see my new listing on Elm Street. It’s a charming, older Victorian that has been drawing lots of attention because of the low price. I asked her if she could come into the office to talk about exactly what she was looking...

I wrote a few months back about people who are trying to sell a house that fall into a pattern of “chasing a falling market.” A sale occurred earlier this year which is a perfect example.

The house came on the market in late 2009. In the following 16 months, the property reduced its asking price 6 times. The 7th time it was sold at auction. The property sold for 37.5% lower than the asking price in late 2009.

1. The 1st price decrease came shortly after it was

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Fall may be here, but there were still seven waterfronts sold on Winnipesaukee last month at an average price of just $714,357. That compares to eight sales last September at an average of $941,938. There were two sales over the $1 million mark compared to three last September. For the first three quarters of this year there have been 76 transactions on the big lake at an average sales price of $1.041 million and a median sales price of $840,000. For the same period last year there were 67 transactions...

When considering the installation of a new heating system give geothermal a look. With today's federal and local rebates, it can actually cost less to go with a geothermal heating system rather than the best propane or oil system. Benefits include minimal reliance on fossil fuels, cleanest energy available and a typical fuel savings annually of 50%.


To give those interested a better understanding of Geothermal Heating, I have decided to offer a look into this technology and...

Residential homes sales in the Lakes Region communities covered by this market report jumped a healthy 23% in August compared to the same month last year. There were 83 sales last month at an average of $330,718 compared to 67 last August at an average of $411,780. A 23% increase in sales is welcome news but one month doesn’t make a trend. On a rolling twelve month basis we are still off last...

August was a great month for sales on Lake Winnipesaukee.
There were:
• Eighteen waterfront sales at an average price of $827,589.
• They sold at an average of 97% of their assessed value
• They sold at an average of 91% of the asking price.
• The highest sale was $1.669 million.
• There were 6 sales over $1 million.

Last August there were...

According to Dictionary.com:
con•cede  [kuhn-seed] verb, -ced•ed, -ced•ing. verb (used with object)
1. to acknowledge as true, just, or proper; admit: He finally conceded that she was right.
2. to acknowledge (an opponent's victory, score, etc.) before it is officially established: to concede an election before all the votes are counted.

There are many times in life that...

It seems like $199,900 used to be the most popular price if you really wanted to sell your home. That number always worked! Finding a house just under that $200,000 mark always seemed like such a bargain, right? I spent a little time on the computer during Hurricane Irene and found that there were 19 homes listed in our area towns at $149,900. There were 15 were listed at $199,900. Maybe $149,900 is the...

According to what I have read on-line, the most popular house color, not surprisingly, is white. All you have to do is look around good old New England and you can see quaint villages full of white houses, churches, and town buildings. According to one article, 37% of homeowners would choose white as the predominate color if they were to repaint the exterior of their home.

I’d say...

For the month of July, 2011 there were 70 residential home sales at an average price of $309,586 in the communities in this Lakes Region real estate report. That’s actually a pretty good 14% bump over the 61 sales last July at an average of $262,390. I was getting a little concerned about the lack luster sales over the past several months, but this is certainly an improvement. On a rolling twelve month...

My family would spend every summer at the lake in the early 1950-60's. We rented a boat house from woman who owned a huge old house across the street from the lake.I remember that she had many antiques, and a rap-around porch. I think she also use to rent rooms as well. Many times her grandchildren would be there and we would play together. Her grandson was in a wheelchair. The boathouse was right across the road from her home. There was a huge bolder right next to the B.H. It also had a balcony...

There were ten waterfront sales during the month of July, 2011 on Lake Winnipesaukee at an average price of $1.223 million. That’s up from the six sales on the big pond last July at an average price of $955,333. Half of the sales for both months were over the $1 million mark but this year’s average was bumped by a nice $3 million new construction sale on Governor’s Island in Gilford. For the year thus far, there have been 51 sales on Winnipesaukee at an average price of $1.162 million compared to...