Brookfield residential properties report a modest decrease in market activity for 2011; while the average price of a sold home increased by 104% due to the fact that one of the recorded sales was a waterfront property on the privately owned and very appealing Kingswood Lake. Successful transfers are down by two units while the time it takes to market a home remains unchanged. As experienced throughout the Lakes Region markets, sellers remain hopeful for positive signs in the global, national and local economy that would result in a greater number of motivated and qualified buyers. Brookfield’s active listings report seventeen homes available for purchase, enough inventory for the next two years.
Year-end 2010 vs. Year-end 2009 Residential Market
- 29 new listings… up 26.08%
- 5 pending sales…down 28.57%
- 8 residential homes resulted in a successful close…up 33.3%
- Average priced sold home…$209,312.00 up 24.41%
- Average DOM (days on the market) 226…increased by 49% or 74 days
- List to sell ratio 93.36% | an increase of 3.42% over the year prior
- Lowest residential sale…289 Governors Road, Brookfield $ 115,000. | 1800’s Cape on 10.10 acres, realized 58% of original list price.
- Highest residential sale…2 Moose Mountain Road, Brookfield $ 410,000. | Circa 1875 Farm House “The Still Water Farm”, on 72 acres, realized 46% of original list price.
- Median list price $197,400.00…up 3.94%
Year-end 2011 vs. Year-end 2010 Residential Market
- 26 new listings… down 10.34%
- 5 pending sales…equal with last year
- 6 residential homes resulted in a successful close…down 25%
- Average priced sold homes…$428,166.67 up 104.55%
- Average DOM (days on the market) 226…equal with last year
- List to sell ratio 91.32% | a decrease of 2.18% over the year prior
- Lowest residential sale…233 Governors Road, Brookfield $195,000. | 1979 Reproduction Saltbox on 5.10 acres, realized full price of the most recent listing
- Highest residential sale…172 Tumble Down Dick Road, Brookfield $619,000 | Cape on 7.11 acres w/262’ water frontage on Kingswood Lake, realized 95% of original list price.
- Median list price $487,450.00…up 146.93%
Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st, 2009 through December 31st, 2011.
Contributed by Kathleen M. Kizer, ABR, GRI, ePRO, REALTOR, Broker Associate, Costantino Real Estate, LLC | Certified Residential Appraiser, NHCR-616 | Wolfeboro Appraisal Services “Your Lakes Region Professional”
For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com or call direct at 603-539-3200.
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