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Ossipee Lake Waterfront Sales 2011

Kathleen M. Kizer "Your Lakes Region Professional": Real Estate Agent in Wolfeboro, NH
Here is a recap of all the direct waterfront properties that were sold on Ossipee Lake and it’s Bays throughout 2011.

Address Original List Price Reduced List Price Sold Price

  • 17 Hold Road, Freedom $249,000 $235,000
  • 8 Channel Road, Ossipee $399,000 $324,000 $320,000
  • 379 Huckins Road, Freedom $399,000 $349,000 $320,000
  • 16 Old Broad Bay Road, Ossipee $625,000 $399,000 $380,000
  • 431 Pequawket Trail, Freedom $435,000 $399,000 $380,000
  • 11 Bay Point Road, Ossipee $579,900 $475,000 $460,000
  • 8 Long Sands Road, Ossipee $799,000 $499,900 $470,000
  • 105 Leavitt Road, Ossipee $799,000 $699,000 $625,000
  • 114 Leavitt Road, Ossipee $899,900 $749,000 $735,000

The average “days on market” for these sales was 237.5 days. However, remember this number can be skewed as some of these properties came off the market and then were re-listed later at lower prices…so the days on the market were reset. If we were to track those that came off and on the market several times the days on market increases to 562 days.

Average Sales Prices on Ossipee Lake over the last 6 years

  • 2006 $498,000
  • 2007 $472,000 Decrease of 5.25
  • 2008 $442,000 Decrease of 6.3%
  • 2009 $428,000 Decrease of 3.1%
  • 2010 $377,000 Decrease of 11.9%
  • 2011 $431,000 Increase of 14.3%

When averaged out over 6 years the values have dropped 14.3%, compared to 26.5% through 2010, perhaps this is a sign of “better times” in the Lakes Region. It appears much more dramatic when reviewing some of the asking prices, but actually sold data reflects and average 93.5% of the reduced listing price; supporting the fact that it is extremely important to price the property correctly on the initial listing.

Out of the nine reported sales Costantino Real Estate, LLC had involvement in six transactions either the listing side, selling side or both.

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st, 2006 through December 31st, 2011.

Contributed by Costantino Real Estate, LLC. 1018A Route 16 – P.O. Box 430 – Ossipee, NH 03864

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

Brookfield, New Hampshire Residential Market…A Look Back

Kathleen M. Kizer "Your Lakes Region Professional": Real Estate Agent in Wolfeboro, NH

Brookfield residential properties report a modest decrease in market activity for 2011; while the average price of a sold home increased by 104% due to the fact that one of the recorded sales was a waterfront property on the privately owned and very appealing Kingswood Lake. Successful transfers are down by two units while the time it takes to market a home remains unchanged. As experienced throughout the Lakes Region markets, sellers remain hopeful for positive signs in the global, national and local economy that would result in a greater number of motivated and qualified buyers. Brookfield’s active listings report seventeen homes available for purchase, enough inventory for the next two years.

Year-end 2010 vs. Year-end 2009 Residential Market

  • 29 new listings… up 26.08%
  • 5 pending sales…down 28.57%
  • 8 residential homes resulted in a successful close…up 33.3%
  • Average priced sold home…$209,312.00 up 24.41%
  • Average DOM (days on the market) 226…increased by 49% or 74 days
  • List to sell ratio 93.36% | an increase of 3.42% over the year prior
  • Lowest residential sale…289 Governors Road, Brookfield $ 115,000. | 1800’s Cape on 10.10 acres, realized 58% of original list price.
  • Highest residential sale…2 Moose Mountain Road, Brookfield $ 410,000. | Circa 1875 Farm House “The Still Water Farm”, on 72 acres, realized 46% of original list price.
  • Median list price $197,400.00…up 3.94%

Year-end 2011 vs. Year-end 2010 Residential Market

  • 26 new listings… down 10.34%
  • 5 pending sales…equal with last year
  • 6 residential homes resulted in a successful close…down 25%
  • Average priced sold homes…$428,166.67 up 104.55%
  • Average DOM (days on the market) 226…equal with last year
  • List to sell ratio 91.32% | a decrease of 2.18% over the year prior
  • Lowest residential sale…233 Governors Road, Brookfield $195,000. | 1979 Reproduction Saltbox on 5.10 acres, realized full price of the most recent listing
  • Highest residential sale…172 Tumble Down Dick Road, Brookfield $619,000 | Cape on 7.11 acres w/262’ water frontage on Kingswood Lake, realized 95% of original list price.
  • Median list price $487,450.00…up 146.93%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st, 2009 through December 31st, 2011.

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

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

Tuftonboro, New Hampshire Residential Market…A Look Back

Kathleen M. Kizer "Your Lakes Region Professional": Real Estate Agent in Wolfeboro, NH

Tuftonboro residential properties report a modest increase in market activity for 2011, while the average price of a home drops 33%. Successful transfers up slightly over the past two years, while the time it takes to market a home increases. Today’s sellers remain motivated in hopes for positive signs in the global, national and local economy that would produce willing and qualified buyers to absorb the inventory. Tuftonboro’s active listings contain enough inventory for the next year and a half, if today’s levels remain the same.

Year-end 2010 vs. Year-end 2009 Residential Market

  • 123 new listings… up 6.03%
  • 46 pending sales…up 48.38%
  • 40 residential homes resulted in a successful close…up 5.26%
  • Average priced sold home…$434,760.00 up 8.93%
  • Average DOM (days on the market) 227…increased by 18.79% or 36 days
  • List to sell ratio 88.91% | a decrease of 3.09% over the year prior
  • Lowest residential sale…47 Mountain Road, Tuftonboro $24,000. | Bank owned foreclosure, realized 40% of original list price.
  • Highest residential sale…58 Governor Wentworth Highway, Tuftonboro $1,500,000. | 158’ of water frontage on Lake Winnipesaukee realized 88.5% of original list price.
  • Median list price $254,450.00…down 8.2%

Year-end 2011 vs. Year-end 2010 Residential Market

  • 105 new listings… down 14.6%
  • 34 pending sales…down 26.8%
  • 41 residential homes resulted in a successful close…a slight increase of 2.5%
  • Average priced sold homes…$290,527.00 down 33.17%
  • Average DOM (days on the market) 278…increased by 22.83% or 51 days
  • List to sell ratio 89.98% | an increase of 1.2% over the year prior
  • Lowest residential sale…127 Sodom Road, Tuftonboro $27,000. | Seasonal camp on ½ acre parcel, realized 27% of original list price.
  • Highest residential sale…17 Mirror Lake Drive, Tuftonboro $850,000. | 142’ of water frontage on Mirror Lake, realized 56% of original list price.
  • Median list price $259,900.00…up 2.14%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st, 2009 through December 31st, 2011.

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

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

Sandwich, New Hampshire Year-end Market Report 2011

Kathleen M. Kizer "Your Lakes Region Professional": Real Estate Agent in Wolfeboro, NH

Sandwich Residential listing data reflects an increase in market inventory by one unit when compared to last year’s year-end stats. There are currently nineteen residential homes available for purchase in the community of Sandwich, a year’s worth of inventory if current marketing trends hold along with sixteen vacant land parcels.Year-end sales volume is up by 43% and the average sales price has increased by 14.8%. Pending and contingent sales reflect an increase over last year’s activity by 40% and 23%. The community of Sandwich holds high appeal too many, measured by the modest numbers in ownership transfers. If you haven’t been to Sandwich, NH you owe yourself a trip to this quintessential New England community.

Year-end 2010 vs. Year-end 2011 Residential Market

  • 37 New Listings… up by one unit
  • 9 Homes Back on the Market…down 18%
  • 12 Pending Sales…down 40%
  • 16 Contingent Sales…up 23%
  • 22 Expired Listings…down by one unit
  • 7 Listings were Withdrawn…up 75%
  • 20 Residential Homes resulted in a successful close…up 43%5%
  • Average Price Sold Homes…$311,366., up 14.8%
  • Average DOM (Days on the Market) 135…decreased by 15.6% or 25 days
  • Lowest Sales Price…15 Henderson Road, Sandwich $89,000 / Foreclosure
  • Highest Sales Price…517 Squam Lake Road, Sandwich $649,000 / 50’ water frontage on Squam Lake

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st through December 31st, 2010 & January 1st through December 31st, 2011.

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.

Wakefield, New Hampshire Year-end Market Report 2011

Kathleen M. Kizer "Your Lakes Region Professional": Real Estate Agent in Wolfeboro, NH

Wakefield Active Listings listing data reflects an increase in market inventory by 31.5% when compared to last year’s year-end stats. There are currently one hundred-eleven residential homes available for purchase in Wakefield, fifty-four offer waterfront and/or water access; five condominium units; eighty vacant land parcels and eight commercial properties. Year-end sales volume is up 28.2% over last year, with a modest decrease in the average sales price by .08%.

Pending and contingent sales reflect an increase over last year’s activity by 8.9% and 59%, however completed sales are not keeping in line with the increase. There are apparently a number of pending and contingent sales that didn’t make the count of successful sales; one can only surmise that not all of the under contract transactions are making it through the inspection and/or financing contingencies. Interest rates remain at a lifetime low, the overall market remains soft – buyers with the means to purchase are in the best position during this continued time of market uncertainty.

Year-end 2010 vs. Year-end 2011 Residential Market

  • 325 New Listings… up 31.5%
  • 117 Homes Back on the Market…down 7.8%
  • 85 Pending Sales…up 8.9%
  • 97 Contingent Sales…up 59%
  • 248 Expired Listings…down 1.1%
  • 33 Listings were Withdrawn…down 45.9%
  • 109 Residential Homes resulted in a successful close…up 28.2%
  • Average Price Sold Homes…$211,629., down .08%
  • Average DOM (Days on the Market) 157…decreased by 34% or 82 days
  • Lowest Sales Price…4319 Province Lake Road, Wakefield $30,000.
  • Highest Sales Price…145 Virginia Lane, Wakefield $900,000. / 585’ water frontage on Pine River Pond

Year-end 2010 vs. Year-end 2011 Vacant Land Market

  • 80 New Listings… down 10%
  • 50 Listings Back on the Market…down 19.3%
  • 8 Pending Sales…down 46.6%
  • 0 Contingent Sales…changed by 2 units
  • 129 Expired Listings…up 14%
  • 7 Listings were Withdrawn…up 133%
  • 7 Vacant parcels resulted in a successful close…down 50%
  • Average Price for Parcels…$35,541., down 61%
  • Average DOM (Days on the Market) 109…decreased by 76% or 346 days
  • Lowest Sales Price… Pine Island Road, Wakefield $20,000. / .15 ac on Balch Lake (non-buildable)
  • Highest Sales Price…Long Ridge Road, Wakefield $85,000. / 30 acres

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st through December 31st, 2010 & January 1st through December 31st, 2011.

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.