2012 3rd Quarter stats for Residential properties in Carroll County report a slight drop in new listing activity. Pending sales, closings and average sales value are all up when compared to last year’s stats. Some segments of the market such as the condominium and commercial/industrial are just starting to come around with greater buyer interest and recorded successful transfers; historically both markets are the first to lose value along and market interest and more often than not, the last to bounce back. 
Vacant land parcels are realizing more successful sales, along with a notable increase in market values. 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 the fact that finance rates are still at market lows.
3rd Quarter 2012 vs. 3rd Quarter 2011 Residential Markets
- 1,554 New Listings… down by six units
- 433 Pending Sales…up 8.52%
- 588 Residential Homes resulted in a successful close…up 18.78%
- Average Priced Sold Homes…$292,323., up 5.05%
- Average DOM (Days on the Market) 158, a decrease of 1 day
- Lowest Residential Sale… $19,900., 182 Route 16B, Ossipee (single wide on private lot)
- Highest Residential Sale…$4,400,000., 440, High Haith Road, Moultonborough 2,040’ of water frontage on Squam Lake
3rd Quarter 2011 vs. 3rd Quarter 2011 Condominium Market
- 237 New Listings…down 1.65%
- 62 Pending Sales…up 51.21%
- 100 Condominiums resulted in a successful close…up 21.95%
- Average Price Sold Condo…$160,021., down 16.95%
- Average DOM 158, down 7.44%
- Lowest Condominium Sale…$1,100., 2760 White Mountain Highway, Unit #101, Conway (Timeshare)
- Highest Condominium Sale…$673,200., 11 Portside Drive, Unit #3, Moultonborough
3rd Quarter 2012 vs. 3rd Quarter 2011 Vacant Land Market
- 452 New Listings…up 1.34%
- 104 Pending Sales…up 46.47%
- 117 Vacant parcels resulted in a successful close…up 51.94%
- Average Price of vacant parcels…$95,385., up 16.30%
- Average DOM (Days on the Market) 299…down 5.95%
- Lowest Vacant Land Parcel…$5,700., TBD Moat Brook Drive, Conway – .64 acres
- Highest Vacant Land Parcel…$1,540,000., Worcester Island, Wolfeboro – 2.4 acres on Lake Winnipesaukee
3rd Quarter 2012 vs. 3rd Quarter 2011 Commercial/Industrial Market
- 110 New Listings… equal with last YTD
- 17 Pending Sales…up 41.66%
- 18 Commercial properties resulted in a successful close…down 5.26%
- Average Priced of Commercial Property…$276,606., down 37.83%
- Average DOM (Days on the Market) 366…an increase by 35% or 95 days
- Lowest Commercial Property Sale… $12,000., 3380 Province Lake Road, Wakefield (business opportunity)
- Highest Commercial Property Sale…$939,000., 80 Kearsarge Road, Conway
Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st through September 30th, 2011 & January 1st through September 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.
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