A Month in Review…Wolfeboro, New Hampshire

The May market reports a 39% increase in new Wolfeboro Residential Listings; while Back on the Market homes are down 30% over 2009’s MTD report. Homeowners who had previously exhausted their contract terms, options or patience are returning for a 2^nd opportunity to be one of the measured in the 57% increase in successful sales/transfers… combine that with 29% increase in sales price and you have signs of an improving market. The time it takes to experience a successful sale has also decreased from 5.3 months to 4 month…buyers still have a lot to choose from, but maybe they’re finding their dream homes in a shorter period of time; inventory remains high, interest rates remain low and sellers are motivated.

May, 2010 vs. May 2009 Wolfeboro’s Residential Real Estate Market Reporting Increased Sales & Value

• 39 New Listings… up 34.4%
• 7 Homes Back on the Market…down 30%
• 4 Pending & Contingent Sales…down 7.6%
• 13 Expired Listings…down 7.1%
• Zero home were Withdrawn…down 100%
• 11 Residential Homes resulted in a successful close…up 57.1%
• Average Priced Sold Homes…up 29.9%
• Lowest Sales Price…Foreclosure for $ 48,000. @ 74 Pine Hill Road, Wolfeboro
• Highest Sales Price…Waterfront on Lake Wentworth for $725,000. @ 38 Pflueger Lane, Wolfeboro

May, 2010 vs. May 2009 Wolfeboro’s Complete Real Estate Market (Residential, Condominium, Manufactured, Mobile, Vacant Land, Commercial, and Business Opportunities)

• 79 New Listings… up 71.7%
• 8 Properties Back on the Market… down 27.2%
• 20 Pending & Contingent Sales…up 17.6%
• 23 Expired Listings… up 4.5%
• 5 Properties Withdrawn vs. 1 in May of 2009
• 18 Properties resulted in a successful close… up 157%
• Average Price Sold…down 6%

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