Wakefield, New Hampshire Year- to-Date Market Review – July, 2011

Wakefield reports a 4.1% decline in new Wakefield Residential Listings.  Inventory remains high with a reported 174 residential homes available for purchase – 91 of those active listings offer waterfront and/or water access.  The value range for active listings is set between the low of $49,400 to a high of $888,000.  The first seven months of 2011 reports successful sales activity up 27.8% when compared to last year’s same time period – average sales price increased by 24.7% and days on the market reported a decrease of 130 days.

YTD 2011 vs. YTD 2010 Wakefield’s Residential Real Estate

• Market inventory…down 4.1%
• Back on the market listings…up 16.1%
• Pending sales…up 6.3%
• Contingent sales…up 84.3%
• Listings that expired prior to a sale or transfer…up 1.6%
• Properties withdrawn from the market…down 26.6%
• Properties that SOLD are up 27.8%
• Days on the market decreased by 130 days
• Average SOLD price increased by 24.7%
• Lowest sales price recorded was 74 Robin Hood Road – $50,000. (Belleau Lake water access)
• Highest sales price 109 South Dorr Way – $260,000 (Belleau Lake water front)

YTD 2011 vs. YTD 2010 Wakefield’s Complete Real Estate Market (Residential, Condominium, Manufactured, Mobile, Vacant Land, Commercial, Business Opportunities)

• Market inventory…up by two units for a total of 251
• Back on the market listings…down 8.1%
• Pending sales…down 10.9%
• Contingent sales…up 59.4%
• Listings that expired prior to a sale or transfer…up by two units for a total of 228
• Properties withdrawn from the market…down 23.6%
• Properties that SOLD are up by two units totaling 61
• Days on the market decreased by 55% or 183 days
• Average SOLD price increased by 5.3%

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