Market Report | Wolfeboro, New Hampshire 1st Quarter 2013

When compared to last year’s 1^st quarter the market values for the Town of Wolfeboro are measuring a drop in sale and values for residential homes, condominiums and vacant parcels.  The commercial market is void of any sales or pending transactions.  It’s a bit of a slow start, but 2^nd quarter activity is picking up as we head towards the prime summer months in the Lakes Region of NH.

1st Quarter 2013 vs. 1st Quarter 2012 Residential Markets

• 55 New Listings… down 17.91%   
• 14 Pending Sales…down 17.64%
• 18 Residential Homes resulted in a successful close…down 18,18%
• Median Priced Sold Homes…$174,000., down 22.40%  
• Average DOM (Days on the Market) 142, up 9.72%   
• Lowest Residential Sale… 149 Bryant Road, Wolfeboro $35,000 | .17 acre w/130’ of road frontage
• Highest Residential Sale…718 North Main Street, Wolfeboro | $1,014,999 | .66 acre w/202’ road frontage and 241’ of water frontage in Winter Harbor on Lake Winnipesaukee   

1st Quarter 2013 vs. 1st Quarter 2012 Condominium Market

• 9 New Listings…up 12.5%
• 1 Pending Sales…equal w/last year’s 1^st quarter  
• 1 Condominiums resulted in a successful close…equal w/last year’s 1^st quarter
• Median Price Sold Condo…$114,000., down 5.59%
• Average DOM 29, down 78.19%
• Lowest Condominium Sale…100 North Main Street, Unit #3, Wolfeboro | $114,000 | .61 acre w/95’ of road frontage
• Highest Condominium Sale…100 North Main Street, Unit #3, Wolfeboro | $114,000 | .61 acre w/95’ of road frontage

1st Quarter 2013 vs. 1st Quarter 2012 Vacant Land Market

• 18 New Listings…down 10%
• 2 Pending Sales…up 100% or 1 unit  
• 2 Vacant parcels resulted in a successful close…equal w/last year’s 1^st quarter  
• Median Price of vacant parcels…$74,500., down 62.27%
• Average DOM (Days on the Market) 108…down 52.32%   
• Lowest Vacant Land Parcel…9 Fairway Drive, Wolfeboro | $39,000 | .85 acres w/75’ of road frontage       
• Highest Vacant Land Parcel… 1 Stoneham Road, Wolfeboro | $110,000 | 11.2 acres w/658’ of road frontage       

1st Quarter 2013 vs. 1st Quarter 2012 Commercial/Industrial Market

• 6 New Listings… up 50%
• No pending and/or successful sales recorded

Based on information from (NNEREN) Northern New England Real Estate Network, Inc. | January 1^st through March 31^st, 2012 & January 1^st through March 31^st, 2013. 

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. Call direct at 603-539-3200, ext. 208 or 603-707-2753.