Wakefield, New Hampshire July 2010…A Month in Review

July market stats reflect a 1 ½+ year supply of available homes and a 12.5% decrease in new Wakefield Residential Listings. Successful sales are also down 33.3% over last year’s MTD transactions. The time it takes to experience a successful sale has increased 16.6%. It continues to be a “Buyers” market…inventory remains at an all time high with a reported 170 active residential listings; there is a property to satisfy just about every potential buyer actively searching for a suitable home within the value range of $49,900 to $1,250,000.

July, 2010 vs. July, 2009 Wakefield’s Residential Real Estate Market

• 21 New Listings… down 12.5%
• 9 Homes Back on the Market…up by one
• 17 Pending & Contingent Sales…up 21.4%
• 20 Expired Listings…up 11.1%
• 4 home were Withdrawn…vs. 0 last July
• 8 Residential Homes resulted in a successful close…down 33.3%
• Average Priced Sold Homes…up 25.6%
• Lowest Sales Price recorded was 500 Acton Ridge Road, sold for $61,000., realizing 93.8% of its original list price while spending 22 DOM.
• Highest Sales Price 251 Veazey Cove, a 100’ waterfront home on Great East Lake, sold for $350,000., realizing 74.4% of its original list price while spending 362 DOM.

July, 2010 vs. July, 2009 Wakefield’s Complete Real Estate Market (Residential, Condominium, Manufactured, Mobile, Vacant Land, Commercial, Business Opportunities, Rentals & Boat Facilities)

• 32 New Listings… up 14.2%
• 18 Properties Back on the Market… up 63.6%
• 19 Pending & Contingent Sales…up 11.7%
• 34 Expired Listings… up 3%
• 6 Properties Withdrawn … vs. 1 last July
• 10 Properties resulted in a successful close… down 37.5%
• Average Price Sold…up 9.1%

Based on information from the Northern New England Real Estate Network, Inc. for the period of July 1st – 31st, 2009 & June 1st – 31st, 2010.

Contributed by Kathleen M. Kizer, REALTOR, ABR, GRI, ePRO, Associate Broker | Costantino Real Estate, LLC. “Your Lakes Region Professional” | Certified Residential Appraiser, NHCR-616, Wolfeboro Appraisal Services

For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com or call 603-539-3200.