Wolfeboro, New Hampshire Year-to-Date Market Report – July, 2011

Wolfeboro’s Residential listing data reflects an increase in market inventory by 32% when compared to last year’s YTD stats.  Currently 231 residential homes are available for purchase - 70 offering waterfront and/or water access - 28 condominium units - 95 parcels of vacant land - 14 manufactured home and 16 commercial properties.   Sales volume is down 22.9% and the average sales price has dropped by 28%.   National and global economic instability has caused many potential buyers to hold tight onto their purse strings in hopes for a brighter outlook in the future.  Interest rates remain at a lifetime low, market values continue to soften - so for buyers with the means to purchase, this may be the ideal time. 

YTD 2011 vs. YTD 2010 Wolfeboro Residential

• Market inventory…up 32%
• Back on the market listings…up 54.9%
• Pending Sales…unchanged over last year
• Contingent/Pending sales also unchanged over last year  
• Listings that expired prior to a sale or transfer…down 9%
• Properties withdrawn from the market…up 3%  
• Properties that SOLD are down by 14%  
• Days on the market decreased by 3 days
• Average SOLD price down 28%  

YTD 2011 vs. YTD 2010 Residential, Condominium, Commercial & Vacant Land

• Market inventory…down 15%
• Back on the market listings…up 34.6%
• Pending Sales…down 3.8%  
• Contingent Sales…down 8%
• Listings that expired prior to a sale or transfer…changed by one unit
• Properties withdrawn from the market …down 17.7%
• Properties that SOLD were down 14.1%
• Days on the market increased by 35 days
• Average SOLD price down 20.2%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1^st – July 31^st,  2010 and January 1^st – July, 31^st,  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.