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Wakefield, New Hampshire Year- to-Date Market Review – May, 2011

By
Real Estate Agent

Wakefield reports a 1% decline in new Wakefield Residential Listings.  Inventory remains high with a reported 184 residential homes available for purchase – 89 of those active listings offer waterfront and/or water access.  The value range for active listings is set between the low of $54,900 to a high of $865,000.  The first five months of 2011 report successful sales activity down 13.3% when compared to last year’s same time period – average sales price increased by 16% and days on the market reported a decrease of 47%.

YTD 2011 vs. YTD 2010 Wakefield’s Residential Real Estate

  • Market inventory…down 1%
  • Back on the market listings…up 5.8%
  • Pending sales…down 9%
  • Contingent sales…up 118.7%
  • Listings that expired prior to a sale or transfer…down 4.7%
  • Properties withdrawn from the market…down 33%
  • Properties that SOLD are down by 13.3%
  • Days on the market decreased by 47% or 157days
  • Average SOLD price increased by 16%
  • Lowest sales price recorded was 105 Bragdon Farm Road – $32,000.
  • Highest sales price 361 Round Pond Road – $299,000. (Lake Ivanhoe waterfront)

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

  • Market inventory…down 15.6%
  • Back on the market listings…down 2.3%
  • Pending sales…down 26%
  • Contingent sales…up 75%
  • Listings that expired prior to a sale or transfer…down 1.3%
  • Properties withdrawn from the market…down 26%
  • Properties that SOLD are down by 9.5%
  • Days on the market decreased by 50% or 165 days
  • Average SOLD price increased by 14.4%

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