Things are looking up and down and up again throughout the County! 2012 2nd Quarter stats for all Residential properties in Carroll County report a 3.18% increase in new listing activity. Pending sale decreased by 3%; successful sales are up by 12.70%; the average sales value for residential homes report a market increase of 7%, while days on the market fell slightly by 5%.
Some segments of the market such as the condominium and commercial/industrial continue to perform on the soft side; historically both markets are the first to lose value along with market interest and the last to bounce back. Vacant land parcels are realizing more successful sales, while market values continue to drop. Sellers remain motivated with the noted increase of ready, willing and able buyers. Current listing inventory offers many great values and incentives for today’s buyers; it continues to be a buyer’s market with a high volume of inventory to select from and financing rates being offered at lifetime lows.
2nd Quarter 2012 vs. 2nd Quarter 2011 Residential Markets
- 1,156 New Listings… up 4.14%
- 258 Pending Sales…down 6.18%
- 384 Residential Homes resulted in a successful close…up 17.43%
- Average Priced Sold Homes…$305,531., up 8.24%
- Average DOM (Days on the Market) 161, a decrease of 2 days
- Lowest Residential Sale… $20,000., 21 Joshua Road, Ossipee (single wide in a Park)
- Highest Residential Sale…$4,400,000., 440, High Haith Road, Moultonborough 2,040’ of water frontage on Squam Lake
2nd Quarter 2011 vs. 2nd Quarter 2011 Condominium Market
- 185 New Listings…up .54%
- 39 Pending Sales…down by one unit over last year’s 2nd Quarter
- 67 Condominiums resulted in a successful close…down 27.55%
- Average Price Sold Condo…$139,735., down 31.5%
- Average DOM 148, a decrease of 56 days
- Lowest Condominium Sale…$3,250., 2955 White Mountain Highway, Unit #107, Conway
- Highest Condominium Sale…$472,800., 44 Mountainside Attitash, Unit #44, Bartlett
2nd Quarter 2012 vs. 2nd Quarter 2011 Vacant Land Market
- 334 New Listings…down 1.47%
- 73 Pending Sales…up 46%
- 80 Vacant parcels resulted in a successful close…up 48.14%
- Average Price of vacant parcels…$76,585., down 19.27%
- Average DOM (Days on the Market) 318…a decrease by 60 days
- Lowest Vacant Land Parcel…$5,700., TBD Moat Brook Drive, Conway – .64 acres
- Highest Vacant Land Parcel…$340,000., TBD Green Hill Road, Jackson – 70 acres w/2,500’ on Spruce Brook
2nd Quarter 2012 vs. 2nd Quarter 2011 Commercial/Industrial Market
- 83 New Listings… up 5.06%
- 10 Pending Sales…up 25%
- 10 Commercial properties resulted in a successful close…equal with last year’s 2nd quarter
- Average Priced of Commercial Property…$233,690., down 43.84%
- Average DOM (Days on the Market) 309…an increase of 117 days
- Lowest Commercial Property Sale… $131,000., 310 West Conway Road, Conway (commercial garage)
- Highest Commercial Property Sale…$586,400., 76 Lake Shore Drive, Moultonborough
Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st through June 30th, 2011 & January 1st through June 30th, 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 Call direct at 603-539-3200, ext. 208 or (603) 707-2753.
Comments(0)