Wakefield, New Hampshire January 2011… A Month in Review

February 2nd, 2011
by Kathleen M. Kizer

Wakefield reports a 62.5% increase in new Wakefield Residential Listings.  A good start for the New Year with positive gains recorded.  If your plans are to wait for lower interest rates you may have missed the boat – Looking back, last fall may have offered the lowest rates in the last 50 years – still rates are hovering near the low end with a promise of increasing throughout the year.  Inventory is still high with 115 residential home available for purchase; 19 affording waterfront and/or water access.  There is something for every interest and price position between $40,000 and $1,099,900.

January, 2011 vs. January, 2010 Wakefield’s Residential Real Estate

• 13 New Listings… up 62.5%
• 8 Homes Back on the Market…two more than last January
• 2 Pending…down 66.6%
• 5 Contingent Sales…up 400%
• 39 Expired Listings…up 34.4%
• Zero home were Withdrawn vs. one last January
• 7 Residential Homes resulted in a successful close…up 16.6%
• Average Priced Sold Homes…up 25.5% ($243,986.)
• Lowest Sales Price recorded was 3499 Province Lake Road @ $106,000.
• Highest Sales Price 128 Camp Road @ $490,000. (Pine River Pond waterfront)

January, 2011 vs. January, 2010 Wakefield’s Complete Real Estate Market (Residential, Condominium, Manufactured, Mobile, Vacant Land, Commercial, Business Opportunities)

• 17 New Listings… up 70%
• 15 Properties Back on the Market… up 28.5%
• 3 Pending  Sales…down 57.1%
• 5 Contingent Sales…up 400%
• 56 Expired Listings… up 12%
• 1 Properties Withdrawn … down 100%
• 7 Properties resulted in a successful close… no change
• Average Price Sold…up 13.4%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1^st – 31^st, 2010 & January 1^st – 31^st, 2011.

Contributed by Kathleen M. Kizer, REALTOR, ABR, GRI, ePRO, Associate Broker | Costantino Real Estate, LLC. “Your Lakes Region Professional” | Certified Residential Appraiser, NHCR-616, Wolfeboro Appraisal Services 

For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com or call 603-539-3200.