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Wakefield, NH

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  • 33 Listings were Withdrawn…down 45.9%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  • 7 Listings were Withdrawn…up 133%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.

Wakefield, New Hampshire Year- to-Date Market Review – November, 2011

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

Wakefield reports a 1.3% increase in new Wakefield Residential Listings. Inventory remains high with a reported 134 residential homes available for purchase – 57 of those active listings offer waterfront and/or water access. The value range for active listings is set between the low of $59,900. to a high of $888,000. The first eleven months of 2011 reports successful sales activity up 29% when compared to last year’s same time period; average sales price increased by 55.3% and it’s taking just a bit longer for the active listings to close with an increase of 50% or 83 days of marketing time.

YTD 2011 vs. YTD 2010 Wakefield’s Residential Real Estate

  • Market inventory…up 1.3%
  • Back on the market listings…down 2.6%
  • Pending sales…up 9.5%
  • Contingent sales…up 57.6%
  • Listings that expired prior to a sale or transfer…up 10.8%
  • Properties withdrawn from the market…down 44.6%
  • Properties that SOLD are up 29%
  • Days on the market increased by 50% or 83 days
  • Average SOLD price increased by 55.3%
  • Lowest sales price recorded was 14 Pigeon Hill Road – $49,000.
  • Highest sales price 90 Windy Point Road, So. – $375,000 (Pine River Pond water frontage)

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st to November 30th, 2010 – January 1st to November 30th, 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- to-Date Market Review – August, 2011

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

Wakefield reports a 1% decline in new Wakefield Residential Listings. Inventory remains high with a reported 174 residential homes available for purchase – 91 of those active listings offer waterfront and/or water access. The value range for active listings is set between the low of $48,500. to a high of $888,000. The first seven months of 2011 reports successful sales activity up 30.2% when compared to last year’s same time period – average sales price increased by 4.9% while the amount of days it took to have a successful close/transfer decrease by 129 days.

YTD 2011 vs. YTD 2010 Wakefield’s Residential Real Estate

  • Market inventory…down 1%
  • Back on the market listings…up 20%
  • Pending sales…up 15%
  • Contingent sales…up 84.2%
  • Listings that expired prior to a sale or transfer…changed by one or 147 units
  • Properties withdrawn from the market…down 40%
  • Properties that SOLD are up 30.2%
  • Days on the market decreased by 45% or 129 days
  • Average SOLD price increased by 4.9%
  • Lowest sales price recorded was 250 Bonnyman Road – $52,900.
  • Highest sales price 24 Spruce Drive – $583,000. (Lovell Lake water frontage)

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st to August 31st, 2010 – January 1st to August 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- to-Date Market Review – July, 2011

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

Wakefield reports a 4.1% decline in new Wakefield Residential Listings. Inventory remains high with a reported 174 residential homes available for purchase – 91 of those active listings offer waterfront and/or water access. The value range for active listings is set between the low of $49,400 to a high of $888,000. The first seven months of 2011 reports successful sales activity up 27.8% when compared to last year’s same time period – average sales price increased by 24.7% and days on the market reported a decrease of 130 days.

YTD 2011 vs. YTD 2010 Wakefield’s Residential Real Estate

  • Market inventory…down 4.1%
  • Back on the market listings…up 16.1%
  • Pending sales…up 6.3%
  • Contingent sales…up 84.3%
  • Listings that expired prior to a sale or transfer…up 1.6%
  • Properties withdrawn from the market…down 26.6%
  • Properties that SOLD are up 27.8%
  • Days on the market decreased by 130 days
  • Average SOLD price increased by 24.7%
  • Lowest sales price recorded was 74 Robin Hood Road – $50,000. (Belleau Lake water access)
  • Highest sales price 109 South Dorr Way – $260,000 (Belleau Lake water front)

YTD 2011 vs. YTD 2010 Wakefield’s Complete Real Estate Market (Residential, Condominium, Manufactured, Mobile, Vacant Land, Commercial, Business Opportunities)

  • Market inventory…up by two units for a total of 251
  • Back on the market listings…down 8.1%
  • Pending sales…down 10.9%
  • Contingent sales…up 59.4%
  • Listings that expired prior to a sale or transfer…up by two units for a total of 228
  • Properties withdrawn from the market…down 23.6%
  • Properties that SOLD are up by two units totaling 61
  • Days on the market decreased by 55% or 183 days
  • Average SOLD price increased by 5.3%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st to July, 31st, 2010 – January 1st to July 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- to-Date Market Review – June, 2011

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

Wakefield reports a 6.1% decline in new Wakefield Residential Listings. Inventory remains high with a reported 184 residential homes available for purchase – 89 of those active listings offer waterfront and/or water access. The first six months of 2011 report successful sales activity up 16.6% when compared to last year’s same time period – average sales price increased by 28% and days on the market reported a decrease of 158 days.

YTD 2011 vs. YTD 2010 Wakefield’s Residential Real Estate

  • Market inventory…down 6.1%
  • Back on the market listings…up 16.9%
  • Pending sales…equal to last year with 37 counted
  • Contingent sales…up 88%
  • Listings that expired prior to a sale or transfer…up 2.8%
  • Properties withdrawn from the market…down 28%
  • Properties that SOLD are up 16.6%
  • Days on the market decreased by 158days
  • Average SOLD price increased by 28%
  • Lowest sales price recorded was 105 Bragdon Farm Road – $32,000.
  • Highest sales price 361 Round Pond Road – $299,000. (Lake Ivanhoe waterfront)

YTD 2011 vs. YTD 2010 Wakefield’s Complete Real Estate Market (Condominium, Manufactured, Mobile, Vacant Land, Commercial, Business Opportunities)

  • Market inventory…up one unit with a total of 219
  • Back on the market listings…down 9.6%
  • Pending sales…down 21.1%
  • Contingent sales…up 56.6%
  • Listings that expired prior to a sale or transfer…down 1%
  • Properties withdrawn from the market…down 19.3%
  • Properties that SOLD are down by 8.1%
  • Days on the market decreased by 553.6% or 178 days
  • Average SOLD price increased by 3.9%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st to June 30th, 2010 – January 1st to June 30th, 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.