This Lakes Region Real Estate Market Report Report for Laconia, NH is based on the last 3 months of activity in the region. This gives us an idea of what Summer traffic has been like for real estate activity in Laconia.
As of today, there are 434 Active listings in Laconia. The break down between single family homes, condos and multi- family units is this: SFH=220 Listings, Condos=186 Listings, MF=28 Listings. So this report is going to focus on just single family homes. I will do a separate report on condos, as that is a large enough market to warrant it's own breakdown.
So, based on the 220 active listings of single family homes, we have an average listing price of $336,623.00 with 191 Days on the Market. the average price per square foot for a Single Family Home listed in Laconia is $178.00. There are currently 5 listings in contingent status. These have an average listing price of $327,540.00 with Days on Market of 369 Days.
Over the last three months, we have had 96 new listings that have come on the market in Laconia. This indicates that people are certainly getting off the fence and deciding to list their homes and take advantage of the active buyer pool that is currently taking advantage of the favorable interest rates and terms to purchase a new home. Average listing price of these 96 homes is $299,661.00
That's all good stuff, but what has sold? We had 45 closed transactions over the last three month of Single Family Homes in Laconia. This represented $10,400,540.00 in sales activity. The average list price of these closed transactions was $231,123.00 and the average selling price was $222,912.00. This gives us a List to Sell variance of only $8,211.00 or 96%. Average days on the market for these homes was only 136 days...Not bad.
This is a good indication that sellers are realizing that in order to sell your home in today's market, it needs to be properly positioned and priced to sell. If you position your property with an aggressive price, make sure that it has good curb appeal and shows well, IT WILL SELL in today's market. If you try to position it too high and get the long dollar, you will either chase the market downward and probably end up selling for less money, or you will fail to sell all together. Always remember, the market decides what your house is worth, not your real estate agent.
Back to the Stats...We currently have 49 pending listings in for Single Family Homes in Laconia. Average listing price on these units is $281,549.00 and Days on Market was 180. There were 35 homes that came Back on the Market. These are likely homes that had deals pending but fell through due to financing or other contingencies that were not met. We had 60 listings that expired. Average Days on Market, 179. We also had 22 listings that were withdrawn after an average of 167 days. Lastly, we had 10 listings that were deleted. These are all listings that were likely NOT PROPERLY POSITIONED to sell in today's market. If you have a home that is priced too high, if your home is for sale and not being shown, if you are NOT GETTING ANY ACTIVITY on your home, YOU NEED TO RECONSIDER YOUR POSITIONING STRATEGY.
Well, there is your current Lakes Region Real Estate Market Report for Laconia, NH. You can view a current list of Laconia, NH homes for sale or any other area at my website www.LakesRegionNHHomes.com or call me, Dan Littlefield at 603-253-4535 for information on a specific home or area of your interest. Have a great day!
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