New Hampshire Year-End 2013 Market Report

The State of New Hampshire’s Year-end stats for all property segments have reported an upward trend in the number of new listings, pending sales, successful sales as well as a healthy increase in the median sales price for sold properties. Vacant land parcels have experienced increases along with a slight decrease in the median sales price. Commercial markets are up in the number of sales along with the median sales price.  This is a first in the past six years that the commercial market is showing signs of recovery.  The latest market reports are positive but not all Counties within the State are in line with the whole State.  Inventory levels along with seller prospects remain high, while it continues to be a “buyers” market.    

Year-end 2013 vs. Year-end 2012 Residential Markets

• 25.126 New Listings… up 8.96%    
• 10,645 Pending Sales…up 3.55%
• 14,318 Residential Homes resulted in a successful close…up 10.42%
• Median Priced Sold Homes…$220,000., up 8.91%  
• Average DOM (Days on the Market) 106 down by 14 days or -11.645%   
• Lowest Residential Sale… 2172 Route 114, Bradford $6,000. | .43 acre
• Highest Residential Sale…40 Bean Cove, Moultonborough $7,000,000. | 10.7 acres w/1,035’ of water frontage on Lake Winnipesaukee    

Year-end 2013 vs. Year-end 2012 Condominium Market

• 5415 New Listings…up 8.99%2,592
• Pending Sales…up 5.620%
• 3,545 Condominiums resulted in a successful close…up 17.50%
• Median Price Sold Condo…$161,000., up 7.3%
•  Average DOM 119, down 16 days or -11.85%
• Lowest Condominium Sale…223 Eastern Inns, Conway $1,750 | Hotel Unit  
• Highest Condominium Sale…Devereaux Drive, Waterville Valley $846,700.

Year-end 2013 vs. Year-end 2012 Mobile Home Market

• 1,570 New Listings…up 5.51%
•  761 Pending Sales… Equal with last year
•  950 Mobile Homes resulted in a successful close…up 6.14%
• Median Price Sold Mobile Homes…$32,950., up 3.29%
• Average DOM 129, down 18 days or -12.17%
• Lowest Mobile Home Sale…5 Tuna Terrace, Portsmouth $3,500. I Park unit
• Highest Mobile Home Sale…41 Greystone Way, North Hampton, $270,380 | 55+ Community

Year-end 2013 vs. Year-end 2012 Vacant Land Market

• 4,383 New Listings…up 7.55%
• 1,047 Pending Sales…up 13.92%
• 1,193 Vacant parcels resulted in a successful close…up 16.27%  
• Median Price of vacant parcels…$59,900., down .16%
• Average DOM (Days on the Market) 290…up 10 days or 3.57%   
• Lowest Vacant Land Parcel…TBD Dawn Street, Hillsborough $1,000 | .22 acres      
• Highest Vacant Land Parcel…Mast Road, Durham $2,200,000. | 12 acres | Abuts Conservation land    

Year-end 2013 vs. Year-end 2012 Commercial/Industrial Market

• 2,288 New Listings… down 6.73%  
• 384 Pending Sales…up 11.30%
• 359 Commercial properties resulted in a successful close…up 19.66%
• Median Priced of Commercial Property…$207,000., up 19.4%  
• Average DOM (Days on the Market) 255…down 53 days or 17.16%
• Lowest Commercial Property Sale… 511 Wallis Road, Rye $1,125,000. | 90 acres   
• Highest Commercial Property Sale…68 North South Road, Conway 5,500,000. | Land & building     

Based on information from (NNEREN) Northern New England Real Estate Network, Inc. | January 1^st through December 31^st , 2012 & January 1^st through December 31^st , 2013. 

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. Call office at 603-539-3200, ext. 208 or direct at 603-707-2753.