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

Real Estate Agent with Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services NHCR616

Wakefield reports a 1% decline in new Wakefield Residential Listings.  Inventory remains high with a reported 174 residential homes available for purchase – 91 of those active listings offer waterfront and/or water access. The value range for active listings is set between the low of $48,500. to a high of $888,000.  The first seven months of 2011 reports successful sales activity up 30.2% when compared to last year’s same time period – average sales price increased by 4.9% while the amount of days it took to have a successful close/transfer decrease by 129 days.

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

  • Market inventory…down 1%
  • Back on the market listings…up 20%
  • Pending sales…up 15%
  • Contingent sales…up 84.2%
  • Listings that expired prior to a sale or transfer…changed by one or 147 units
  • Properties withdrawn from the market…down 40%
  • Properties that SOLD are up 30.2%
  • Days on the market decreased by 45% or 129 days
  • Average SOLD price increased by 4.9%
  • Lowest sales price recorded was 250 Bonnyman Road – $52,900.
  • Highest sales price 24 Spruce Drive – $583,000. (Lovell Lake water frontage)

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


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