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Belknap County,New Hampshire .....lake splender!

By
Real Estate Agent with Prudential Verani Realty, Londonderry,New Hampshire

Belknap county, New Hampshire, aka., New Hampshire's Lakes Region,Lake front scene

In the past 6 months, Belknap County has seen a 22% increase in pending sales on new and existing single family homes. Average list price is $536,000 with a median list price being $265,000. 75 out of 988 properties in Belknap County currently for sale are over $1,000,000. The highest being a lake front estate for $10,500,000.

Pending sales are an easy gauge in following the current market trends.  Here's why.

To the homeowner wanting to sell, pricing is key. Often times a property is listed at what all parties feel is right, if not aggressive. Not realizing or observing pending sales, you find yourself overpriced the day you listed it. Then playing the catch up game....reduction after reduction often leading to no favorable results. Educated sellers know that following pending sales helps them know when the timing is right and at what price.

To the future homeowner/buyer, pending sales are an indicater of "potential" market trends. Where pending sales are down....sellers are more likely to be open to all reasonable offers. KNOW YOUR PENDING SALES!


Single family homes: pending sales up 22% with a continued 6% increase during October thru November.

Condominium sales were DOWN 43% with a recent increase of 20% in pending sales between October and November. Leaving a 20 month supply of inventory.  Potential buyers/investers take note! Asking prices are between $27,500 to $799,900.

 

Belknap County photo journal 

Lake Winnipesaukee

Posted by

ROSS THERRIEN -Realtor/Broker Associate

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 The opinions expressed on this blog are that of Ross Therrien and no one else’s and those providing comments are theirs alone, and do not reflect the opinions of Prudential Verani Realty, Inc. or any employee thereof. Prudential Verani is not responsible for the accuracy of any of the information supplied by us on this blog. All information deemed accurate in is our best opinion and should not be relied upon without personally verifying it yourself. The information we post is believed to be accurate at the time of the post, our opinion of the situation may change at a later time with newer information or under a different set of circumstances. In other words, we reserve the right to change our mind from time to time. We are open to your comments on the blog post, however, we do reserve the right to delete your comment, if we find it offensive or hateful. Let’s all play nicely in the sandbox.

 

Comments (3)

Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Ross: Great observations about pending sales being a gauge of market activity. One drawback though is not knowing what they'll close for.

Dec 11, 2010 02:30 PM
Ross Therrien
Prudential Verani Realty, Londonderry,New Hampshire - Londonderry, NH
Realtor, Broker Associate

The median sold prices gice you a good idea of what they are probably under contract for.  Unfortunately there is no exact science.

Dec 12, 2010 08:18 AM
Patricia Beck
RE/MAX Properties, Inc., ABR, GRI, SRES - Colorado Springs, CO
Colorado Springs Realty

Pending sales are definitely an indicator of what is going on with the real estate market.  Great points!

Dec 13, 2010 08:33 AM