Ossipee Lake Waterfront Sales 2011

            Address                                     Original List Price        Reduced List Price        Sold Price        

• 17 Hold Road, Freedom                     $249,000                                                       $235,000
  
• 8 Channel Road, Ossipee                   $399,000                      $324,000                  $320,000        
• 379 Huckins Road, Freedom             $399,000                       $349,000                 $320,000     
  
• 16 Old Broad Bay Road, Ossipee      $625,000                       $399,000                 $380,000        
• 431 Pequawket Trail, Freedom          $435,000                      $399,000                 $380,000        
• 11 Bay Point Road, Ossipee              $579,900                        $475,000                 $460,000        
• 8 Long Sands Road, Ossipee             $799,000                        $499,900                 $470,000        
• 105 Leavitt Road, Ossipee                 $799,000                       $699,000                  $625,000        
• 114 Leavitt Road, Ossipee                 $899,900                       $749,000                  $735,000

The average “days on market” for these sales was 237.5 days.  However, remember this number can be skewed as some of these properties came off the market and then were re-listed later at lower prices…so the days on the market were reset. If we were to track those that came off and on the market several times the days on market increases to 562 days.

Average Sales Prices on Ossipee Lake over the last 6 years    

• 2006       $498,000
• 2007       $472,000              Decrease of 5.25
• 2008       $442,000              Decrease of 6.3%
• 2009       $428,000              Decrease of 3.1%
• 2010       $377,000              Decrease of 11.9%
• 2011       $431,000              Increase of 14.3%

When averaged out over 6 years the values have dropped 14.3%, compared to 26.5% through 2010, perhaps this is a sign of “better times” in the Lakes Region.  It appears much more dramatic when reviewing some of the asking prices, but actually sold data reflects and average 93.5% of the reduced listing price; supporting the fact that it is extremely important to price the property correctly on the initial listing.

Out of the nine reported sales Costantino Real Estate, LLC had involvement in six transactions either the listing side, selling side or both.

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1^st, 2006 through December 31^st, 2011.

Contributed by Costantino Real Estate, LLC.  1018A Route 16 – P.O. Box 430 – Ossipee, NH 03864

For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com or call direct at 603-539-3200.