Wolfeboro, New Hampshire June 2010…A Month in Review

The June market reports an 83% decrease in both new Wolfeboro Residential Listings and Back on the Market homes over 2009’s MTD stats. Pending sales and Contingent contacts were up 50%, while Sold homes reported a 260% increase. The average DOM (Days on the Market) has decreased with June reporting an averaged 94 day window to receive an offer to purchase. The flip side of this scenario is while 13 homes sold in June the residential inventory remains high with 193 active residential listings valued between $35,000. and $11,950,000. Interest rates are the lowest in our lifetime, sellers’ motivation remains high, property values appear to be leveling…but qualified buyers are far and few between.

June, 2010 vs. June, 2009 Wolfeboro’s Residential Real Estate Market

• · 26 New Listings… down 83.4%
• · 5 Homes Back on the Market…down 83.3%
• · 22 Pending & Contingent Sales…up 50%
• · 8 Expired Listings…no change
• · 8 home were Withdrawn…up 266%
• · 13 Residential Homes resulted in a successful close…up 260%
• · Average Priced Sold Homes… down 238%
• · Lowest Sales Price… $ 135,000., 11 Peaceful Lane
  • The sale realized 85% of its original asking price and spent 421 DOM…
• · Highest Sales Price…a waterfront home on Crescent Lake sold for $670,000., 31 Millwood Road
  • The sale realized 79% of its original asking price and spent 1,321 DOM…

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

• · 53 New Listings… up 90.5%
• · 9 Properties Back on the Market… down 10%
• · 20 Pending & Contingent Sales…up 225%
• · 16 Expired Listings… down 80%
• · 10 Properties Withdrawn … up 100%
• · 14 Properties resulted in a successful close… up 42.8%
• · Average Price Sold…down 48.7%

Based on information from the Northern New England Real Estate Network, Inc. for the period June 1st – 30th, 2009 & June 1st – 30th, 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.