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

Wakefield reports a 6.1% 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 first six months of 2011 report successful sales activity up 16.6% when compared to last year’s same time period – average sales price increased by 28% and days on the market reported a decrease of 158 days.

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

• Market inventory…down 6.1%
• Back on the market listings…up 16.9%
• Pending sales…equal to last year with 37 counted
• Contingent sales…up 88%
• Listings that expired prior to a sale or transfer…up 2.8%
• Properties withdrawn from the market…down 28%
• Properties that SOLD are up 16.6%
• Days on the market decreased by 158days
• Average SOLD price increased by 28%
• 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 (Condominium, Manufactured, Mobile, Vacant Land, Commercial, Business Opportunities)

• Market inventory…up one unit with a total of 219
• Back on the market listings…down 9.6%
• Pending sales…down 21.1%
• Contingent sales…up 56.6%
• Listings that expired prior to a sale or transfer…down 1%
• Properties withdrawn from the market…down 19.3%
• Properties that SOLD are down by 8.1%
• Days on the market decreased by 553.6% or 178 days
• Average SOLD price increased by 3.9%

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1^st to June 30^th,  2010 – January 1^st to June 30^th,  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.