I was asked recently about the real estate market in Belknap County and how it was fairing in this seemingly "tough market".  Most consumers don't realize how good we have it here in this part of New Hampshire compared to the rest of the nation.  Real estate markets are local and according to the following statistics Belknap County is doing pretty well.

                                                          2006                                2007
Average list price:                              $346,004                         $388,318
Average sale price:                            $328,694                         $365,501
Median sale price:                             $238,000                         $238,700
Days on Market:                                    123                                 140
Transactions over $1,000,000                 31                                    36  

So what does this mean?    Although the days on market have increased, the average sale price for homes (single family residential) in the Lake Winnipesaukee area, specifically Belknap County, are up over 10% from 2006.  The beauty of our Lakes draw buyers here from all over, whether they are buying a primary or secondary home.  Lake Winnipesaukee real estate is a great investment that continues to appreciate and is highly sought after. Thirty-six homes sold for over $1,000,000 in 2007 in Belknap County, approximately 16% more than in 2006.  Our high-end buyers don't seem to be as effected by the state of the economy, they seem to buy regardless.  This is a great opportunity to buy real estate.  Interest rates are low and inventory is high. 

These are taken from NNEREN for Belknap County for the periods between 1/1/06-12/31/06 and 1/1/07-12/31/07

Kim Carpenter, Lake Winnipesaukee real estate, Lake Winnipesaukee REALTOR
(603)978-2165
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