Wakefield, New Hampshire 1st Quarter Market Report 2012

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

Wakefield’s Residential listing data reflects an increase in market inventory by 4% or two units when compared to last year’s 1st quarter stats.  There are currently one hundred twenty-seven residential homes available for purchase in Wakefield, twenty-five offer waterfront and/or water access; six condominium units and eleven commercial properties.  1st quarter sales volume reports a 12.5% increase over last year, however the average sales price has decreased by 20.8%.  Pending sales reflect a slight increase over last year’s activity by 14.2%.

 

1st Quarter 2012 Residential Markets

  • 52 New Listings… up 4%
  • 16 Pending Sales…up 14.2%
  • 18 Residential Homes resulted in a successful close…up 12.5%
  • Average Price Sold Homes…$210,550., down 20.8%
  • Average DOM (Days on the Market) 207…increased by 37 days or 21.7%
  • Lowest Sales Price…31 Sanborn Road, Wakefield $40,000.
  • Highest Sales Price…212 Arbutus Drive, Wakefield $650,000. w/101’ of shore front on Great East Lake

Wakefield’s Vacant Land listing data reflects an increase in market inventory by 50% when compared to last year’s 1st quarter stats.  There are currently eight-four vacant land parcels available for purchase in Wakefield.  1st quarter sales volume reports a 100% increase over last year, one counted sale with a sales price of $23,900.  Pending sales are down by one unit with one unit under contract.

1st Quarter 2012 Vacant Land Market

  • 18 New Listings… up 50%
  • 0 Pending Sales…equal with last year
  • 1 Vacant parcels resulted in a successful close…up 100%
  • Average Price for Parcels…$23,900.
  • Average DOM (Days on the Market) 529…
  • Land Sale…TBD Ballards Ridge Road, Wakefield $23,900., | 1.15 acres w/beach rights to Belleau Lake

Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st through March 31st, 2011 & January 1st through March 31st, 2012.
Contributed by Kathleen M. Kizer, ABR, GRI, ePRO, REALTOR, Broker Associate, Costantino Real Estate, LLC | Certified Residential Appraiser, NHCR-616 | Wolfeboro Appraisal Services “Your Lakes Region Professional”

For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com or call direct at 603-539-3200, ext. 208

Comments (2)

Wes Neal
Wes & Company - Tumwater, WA
The expertise you expect and attention you deserve

Hi Kathleen,

 

I really enjoyed your post and what you shared... informative and to the point. it is time that we focus on the positives of the market... homes are selling and now is the time to buy!  Have a great week!

 

Best,


Apr 03, 2012 01:51 AM
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 Wes...how true, there are many positive aspects in todays market, buyers have started the season early, this is good for all parties involved.  Have a great week as well!

Apr 03, 2012 02:08 AM