Belknap county, New Hampshire, aka., New Hampshire's Lakes Region,
In the past 6 months, Belknap County has seen a 22% increase in pending sales on new and existing single family homes. Average list price is $536,000 with a median list price being $265,000. 75 out of 988 properties in Belknap County currently for sale are over $1,000,000. The highest being a lake front estate for $10,500,000.
Pending sales are an easy gauge in following the current market trends. Here's why.
To the homeowner wanting to sell, pricing is key. Often times a property is listed at what all parties feel is right, if not aggressive. Not realizing or observing pending sales, you find yourself overpriced the day you listed it. Then playing the catch up game....reduction after reduction often leading to no favorable results. Educated sellers know that following pending sales helps them know when the timing is right and at what price.
To the future homeowner/buyer, pending sales are an indicater of "potential" market trends. Where pending sales are down....sellers are more likely to be open to all reasonable offers. KNOW YOUR PENDING SALES!
Single family homes: pending sales up 22% with a continued 6% increase during October thru November.
Condominium sales were DOWN 43% with a recent increase of 20% in pending sales between October and November. Leaving a 20 month supply of inventory. Potential buyers/investers take note! Asking prices are between $27,500 to $799,900.
Comments(3)