Wolfeboro, NH located on the eastern shore of Lake Winnipesaukee realized modest activity within all of its market segments.  Perhaps the nature of this second home/resort community is reason why the 2^nd quarter market activity is so light, potential buyers are holding on tight to their purse strings resulting in limited activity and the continuance of depressed values.  There are currently 190 actively listed home; 82 offer water frontage and/or water access; 80 vacant land parcels; 33 condominium units and 21 commercial use properties.  To say we’re in a “buyers market” is an understatement.  The opportunities for ownership are many, come take a look you may find that Wolfeboro has just what you’ve been looking for.

2^nd Quarter 2013 vs. 2^nd Quarter 2012 Residential Markets

• 142 New Listings… down 6.57%    
• 27 Pending Sales…down 35.71%
• 44 Residential Homes resulted in a successful close…down 21.42%
• Median Priced Sold Homes…$187,500., down 20.88%  
• Average DOM (Days on the Market) 158, down by 11 days or 6.59%   
• Lowest Residential Sale… 425 No. Wakefield Road, Wolfeboro $32,000 | 5.30 acres w/hunting cabin  
• Highest Residential Sale…87 Rocky Shore Road, Wolfeboro $1,650,000 | 1.5 acres w/250’ water frontage on Lake Winnipesaukee    

2^nd Quarter 2013 vs. 2^nd Quarter 2012 Condominium Market

•  23 New Listings…up 15%
•  4 Pending Sales…up 100%  or two units
• 4 Condominiums resulted in a successful close…up 100% or two units
• Median Price Sold Condo…$279,250., up 131.98%
• Average DOM 158, down 35.24% or 86 12 days
• Lowest Condominium Sale…100 No. Main Street, Wolfeboro $114,000 
  
• Highest Condominium Sale…103 Clark Road, Unit #6, Wolfeboro $350,000 | 276’ shared water frontage on Lake Winnipesaukee  

2^nd Quarter 2013 vs. 2^nd Quarter 2012 Vacant Land Market

• 39 New Listings…down 20.43%
• 2 Pending Sales…down 80%
• 3 Vacant parcels resulted in a successful close…down 62.5%  
• Median Price of vacant parcels…$39,000., down 25.71%
• Average DOM (Days on the Market) 403…up 59.81%   
• Lowest Vacant Land Parcel…Cotton Valley Road, Wolfeboro $12,000 | 5 acres       
• Highest Vacant Land Parcel…1 Stoneham Road, Wolfeboro $110,000 |11.02 acres in the Historical District    

2^nd Quarter 2013 vs. 2^nd Quarter 2012 Commercial/Industrial Market

• 14 New Listings… up 27.27%
• 1 Pending Sales…down 50%
• 1 Commercial properties resulted in a successful close…equal with last year
• Median Priced of Commercial Property…$225,000., down 13.12%  
• Average DOM (Days on the Market) 99…down 70.62% 
• Lowest Commercial Property Sale… 36 Mill & Libby Street, Wolfeboro $225,000 | .16 acres    
• Highest Commercial Property Sale…36 Mill & Libby Street, Wolfeboro $225,000 | .16 acres    

Based on information from (NNEREN) Northern New England Real Estate Network, Inc. | January 1^st through June 30^th, 2012 & January 1^st through June 30^th, 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.