Wolfeboro, New Hampshire Year-end Market Report 2011

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

 

Winter In Wolfeboro

Wolfeboro’s Residential listing data reflects an increase in market inventory by 5.9% when compared to last year’s year-end stats.  There are currently one hundred-forty residential homes available for purchase in Wolfeboro, twenty-nine offer waterfront and/or water access; sixteen condominium units; seventy-six vacant land parcels; seventeen manufactured homes and twelve commercial properties.  Year-end sales volume is up slightly reporting a 5% increase over last year, however the average sales price has decreased by 22.5%.

Pending and contingent sales reflect an increase over last year’s activity by 10% and 8.4%, however sales are not keeping in line with the increase.  There are apparently a number of pending and contingent sales that didn’t make the count of successful sales; one can only surmise that not all of the under contract transactions are making it through the inspection and/or financing contingencies. Interest rates remain at a lifetime low, the overall market remains soft – buyers with the means to purchase are in the best position during this continued time of market uncertainty.

Year-end 2010 vs. Year-end 2011 Residential Market

  • 266 New Listings… up 5.9%
  • 131 Homes Back on the Market…up 25.9%
  • 76 Pending Sales…up 10.1%
  • 103 Contingent Sales…up 8.4%
  • 202 Expired Listings…down 7.76%
  • 69 Listings were Withdrawn…up 10%
  • 105 Residential Homes resulted in a successful close…up 5%
  • Average Price Sold Homes…$393,283., down 22.5%
  • Average DOM (Days on the Market) 211…decreased by 8.2% or 19 days
  • Lowest Sales Price…16 King Street, Wolfeboro $45,080.
  • Highest Sales Price…72 Parker Island Road, Wolfeboro $3,800,000.

Year-end 2010 vs. Year-end 2011 Vacant Land Market

  • 61 New Listings… down 4.6%
  • 30 Listings Back on the Market…up 11%
  • 2 Pending Sales…down 83.3%
  • 10 Contingent Sales…unchanged
  • 76 Expired Listings…up 7%
  • 14 Listings were Withdrawn…up 7.6%
  • 6 Vacant parcels resulted in a successful close…down 76%
  • Average Price for Parcels…$56,750. Down 8.72%
  • Average DOM (Days on the Market) 686…an increase of 131%
  • Lowest Sales Price… TBD Waumbeck Road, Wolfeboro $20,000. 3.6 acres
  • Highest Sales Price…TBD York Road, Wolfeboro $130,000. 63 acres

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

Comments (2)

Peter Russell
Russell Inspection Services LLC - Alton Bay, NH

Hi Kathleen,

Good info. Thanks for the post. I'm hoping more of those listing get to the closing.

Have a great 2012.

Jan 07, 2012 10:17 PM
Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser
Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services - Wolfeboro, NH
Your Lakes Region Real Estate Professional

Thank you Peter, I'm looking forward to the same.  My best to you as well.

Jan 23, 2012 11:33 PM