Wolfeboro, New Hampshire October 2010…A Month in Review

November 9th, 2010
by Kathleen M. Kizer

Wolfeboro Reports Decreases In Both…Sold Listings and Average Sale Prices!

Wolfeboro’s listing data reflects a decrease in overall inventory by 22.2% when compared to 2009’s MTD listings.  There are 195 residential homes actively listed, with 66 affording waterfront or water access. Back on the market listing are up, pending sales are up, contingent sales are down, expired listing are down, withdrawn listing are up 100%, and noted DOM are down.  SOLD properties are down 35.7% and Average Sale Prices decreased 83.9%.

The market show signs of and activity from “prospective” buyers – but current lending and underwriting criteria are adding to the difficulty in loan approvals and can be directly linked to the additional time it takes to experience a “successful” transfer.  Cash is king but if you’re in need of financing it tends to be a get in line and wait process, often with unsuccessful results.

2009 vs. 2010 October Residential Market

• Market inventory decreased -22.2%
• Back on the market listings are up +85.7%
• Available properties under contract are up 166.6%
• Contingent Sales decreased -8.6%
• Listings that expired prior to a sale or transfer decreased by -8.6%
• Properties withdrawn from the market were up 100%
• Properties that SOLD were down -35.7%
• Days on the market were reduced by 32 days
• Average SOLD price decreased -83.9%

2009 vs. 2010 (October Residential, Condominium, Commercial & Vacant Land)

• Market inventory decreased by -6.8%
• Back on the market listings were up +21.4%
• Available properties under contract increased +83.3%
• Contingent Sales increased +16.6%
• Listings that expired prior to a sale or transfer increased by +5.5%
• Properties withdrawn from the market increased by 37.5%
• Properties that SOLD down -33.3%
• Days on the market were “unchanged” with the average being 191 days
• Average SOLD price decreased by -79.2%

Based on information from the Northern New England Real Estate Network, Inc. for the period October 1^st – 31st, 2009 & October 1^st – 31^st, 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.