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Homes Have Feelings, Too... - 12/24/11 10:10 AM
There were 60 single family residential home sales in the towns covered by this report in November, 2011. That’s just off the 63 sales last November although the average price was down from $365,623 to just $263,025. There was only one sale over the million dollar mark last month compared to five in November 2010 which contributed to that significant drop in the average sales price. Sales under $200,000 continue to make up over 50% of the transactions while the $300-400,000 range is still struggling badly. Year to date, our total sales are off by just thirty transactions from last year
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The Elves Need to Get Busy - 12/11/11 03:25 PM
As of December 1, the residential home inventory was bulging like the sack of toys in the back of Santa’s sleigh! There were 1168 residences available at an average asking price of $498,326 in the communities covered by this report. That is up from the 1074 available last December at an average price of $548,594. The median price point is down from $279,900 last December to $259,450 this month indicating that there are more lower priced homes on the market. The current inventory represents a nineteen month supply of homes to be sold. The elves need to get busy... The mortgage
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Roy Sanborn --Lakes Region of New Hampshire
Meredith,
NH
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Four Season Sotheby's International Realty
Office Phone: (603) 677-7012
Cell Phone: (603) 455-0335
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Learn about the real estate market in the beautiful Lakes Region of New Hampshire. Whether buying or selling, you'll find this report helpful in you decision making process.
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