Wakefield, New Hampshire August 2010…A Month in Review

September 7th, 2010
by Kathleen M. Kizer

The 1^st of September 2010 reveals 180 active listing available for purchase in Wakefield…with property values showing signs of stabilizing.

Wakefield Residential Listings report an increase of 31 new listing for the month with 149 homes carried over from the previous quarters and calendar year. The time it takes to experience a successful sale decreased from 116 days in August of 2009 to 104 days in 2010. The challenge remains for potential buyers to actually qualify with lenders new loan criteria.

Bottom line…today’s buyers have even more to choose from…current inventory remaining high with 180 active residential listings; 137 having water frontage or water access. The spectrum of value is between $49,900. – $1,250,000., it would appear that all potential sellers are in the same limited situation…where are the qualified buyers?

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

• 31 New Listings… up 47.6%
• 9 Homes Back on the Market…down 18%
• 12 Pending & Contingent Sales…down by 33%
• 22 Expired Listings…up 10%
• 10 home were Withdrawn…up 400%
• 9 Residential Homes resulted in a successful close…down by 40%
• Average Priced Sold Homes …down .05%

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