Second home sales surge with shift in political powers.

By
Managing Real Estate Broker with Alpine Lakes Real Estate Inc., NHRE# 02863

I'll admit there is nothing scientific about this statement. But it appears to be more than just a passing feeling. High income earners have been hording money loosely earmarked for their vacation home purchase. A customer said today..."whether things get better right away or not, we are less concerned about our hard earned cash going towards things we didn't believe in".

 

Time to take the Leap?

Wishful thinking on my part- maybe?  But I have seen well priced Lincoln New Hampshire property Inventory evaporate recently. Our Proximity to the Boston market helps supply qualified buyers. The North East has fared reasonably well compared to other regions of the country in terms of property value stability. Lincoln New Hampshire is one of the largest towns in the state of New Hampshire...but 95% of the town is in the White mountain national Forest preservation lands. Two hours from Boston...Vacation homes in a ski resort town with one of the lowest property taxes in the state,and real estate at prices of 10 years ago.  This sounds like a pretty good combination reasonable prices, Big mountain skiing (Loon Mt. resort) , easy access, low taxes, great bang for the buck If you're an east coast skier with a job and doesn't dream about Cape  Cod we're the place. I'm pointing out the obvious conclusion  if you live in one of the 6 New England states you know Lincoln New Hampshire and mostly likely have visited.

 

White Mountain NH resort values on the mend

 

 

          Indian Head – Lincoln New Hampshire

 

 

Loon Mt…from Mount Pemigewasset.

The picture above was taken looking back at Loon mountain - from Mount Pemigewasset. I can see The Flume, walking Boss, and Sunset have a dusting of snow  the south Mountain side has nothing yet   (November 3rd) .The Village of Lincoln NH is visible on the extreme right hand boarder of the photo...the rest as far as the eye can see is National Forest.

 

Steve Loynd – real estate expert –Lincoln NH Realtor

  * MLS Button at the bottom of this post...for all listings in the 44 towns of Grafton county*

       Custom Adirondack homes at Loon mt

      White mountain real estate website.

 

 

 

 

 

 

 

 

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                                                                                                                                                                              Your-White Mountain New Hampshire real Estate Expert

                    steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

                        MLS search and Realtor web site: www.alpinelakes.com

                         My outside Blog: www.steveswhitemountainblog.com

                    Lincoln NH &  Local interest site: www.localism.com/nh/lincoln

    Grafton County NH MLS search

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Vacation and Second homes
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Rainmaker
1,052,421
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

All Photos taken in Lincoln NH. The White Mountains can be a lot of different colors

Nov 04, 2010 12:07 PM #1
Rainmaker
564,285
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Steve,

Interesting thoughts;  There certainly is a market with discretionary monies to spend.

Steve

Nov 04, 2010 12:08 PM #2
Ambassador
3,846,120
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Steve I would not have expected the election to of had an impact on the sale of second homes, but now that you mention it, it makes sense.

Nov 04, 2010 12:20 PM #3
Rainmaker
1,052,421
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

George...It's an interesting scene, in our Market folks frequently vacation here...they love the lifestyle and follow the market for years before they make a move, the conservative wait and see guys are saying O.K. Now is the time.

Nov 04, 2010 12:36 PM #4
Rainmaker
3,983,519
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Steve...I believe that the big push will be after the 1st of the year after we hear more about what the plans are.

Nov 04, 2010 01:20 PM #5
Ambassador
1,726,219
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Steve...

You have me sold. What a glorious place to live!

Nov 04, 2010 01:32 PM #6
Rainmaker
1,052,421
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Bill...you may be right , but either way the unknown is know and the log jam will loosen up...with the vote being over.

Nov 04, 2010 01:40 PM #7
Rainer
225,278
Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

Steve:  I hope you are right...we have seen a slight uptick in second home sales here in Sonoma but I can't tell yet what the cause is.  I've got a number of second home buyers still waiting for distressed higher end listings. 

Nov 04, 2010 06:35 PM #8
Rainmaker
1,052,421
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Kirsten...Tell them it's time to make an offer, before someone else does...consumer confidence may just take away the one property they were waited for.

Nov 05, 2010 01:05 AM #9
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1,155,468
Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

Second home? I'm thinking I would love to live in Lincoln, NH full time! It's gorgeous!

Nov 05, 2010 01:30 AM #10
Rainmaker
597,982
Valerie Osterhoudt
Johnson Real Estate, Inc. - Cromwell, CT
ABR, Cromwell, CT Real Estate ~ 860.883.8889

Steve.. I am seeing things open up here too.  I think the election had *part* to do with it, but not entirely.  My phone has been ringing off the hook since Thursday.  HOORAY!!!

Nov 06, 2010 11:31 AM #11
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Steve Loynd

800-926-5653, White Mountains NH
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