Market Report | Ossipee, New Hampshire 1st Quarter 2013

The Town of Ossipee is showing modest activity for the 1^st quarter of 2013.  Median home value is down, Condominium market reporting zero sales; vacant land has one successful transfer and the Commercial market's remain in the tank.  Looking ahead, 2^nd quarter stats are showing signs of an increase over the 1^st, but the market is moving slowly.   

1st Quarter 2013 vs. 1st Quarter 2012 Residential Markets

• 32 New Listings… down 34.69%   
• 11 Pending Sales…up 10%
• 16 Residential Homes resulted in a successful close…up 14%
• Median Priced Sold Homes…$139,500., down 20.03%  
• Average DOM (Days on the Market) 200, down 5.8%   
• Lowest Residential Sale… 10 Whiting Road, Ossipee $50,000 | 3.11 acres w/300’ of road frontage
• Highest Residential Sale…19 Red Baron Drive, Ossipee $340,000 | 1.10 acres w/427’ of road frontage | Shared water access on Ossipee Lake  

1st Quarter 2013 vs. 1st Quarter 2012 Condominium Market

• 1 New Listings…down 66.66%
• 0 Pending Sales…down 100%  
• 0 Condominiums resulted in a successful close…equal w/last year’s 1^st quarter
• Median Price Sold Condo…$000,000. (no date to compute)
• Average DOM (no data to compute)
• Lowest Condominium Sale…None sold
• Highest Condominium Sale…None sold

1st Quarter 2013 vs. 1st Quarter 2012 Vacant Land Market

• 12 New Listings…down 29.41%
• 0 Pending Sales…down 100%
• 1 Vacant parcels resulted in a successful close…equal w/last year’s 1^st quarter  
• Median Price of vacant parcels…$124,000., up 148%
• Average DOM (Days on the Market) 1,011…up 240.4%   
• Lowest Vacant Land Parcel…TBD Gile Road, Ossipee | $124,000 | 3.39 acres w/415’ of road frontage & 257’ of water frontage on Duncan Lake       
• Highest Vacant Land Parcel… TBD Gile Road, Ossipee | $124,000 | 3.39 acres w/415’ of road frontage & 257’ of water frontage on Duncan Lake       

1st Quarter 2013 vs. 1st Quarter 2012 Commercial/Industrial Market

• 3 New Listings… down 62.5%
• 0 Pending Sales…down 100%
• 1 Commercial properties resulted in a successful close…equal w/last year’s 1^st quarter
• Median Priced of Commercial Property…$547,000., up 252.90%  
• Average DOM (Days on the Market) 120…down 24.05%  
• Lowest Commercial Property Sale… 495 Route 16, Ossipee | $547,000 | 189 acres w/440’ of road frontage   
• Highest Commercial Property Sale…495 Route 16, Ossipee | $547,000 | 189 acres w/440’ of road frontage   

Based on information from (NNEREN) Northern New England Real Estate Network, Inc. | January 1^st through March 31^st, 2012 & January 1^st through March 31^st, 2013. 

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.