Ossipee, New Hampshire 2nd Quarter 2013 Market Report

The community of Ossipee, NH located off and surrounding State Route 16 also known to locals and tourist alike as the White Mountain Highway…hasn’t come out of the woods yet.  Market activity is all over the board…new listings down, sales up, values down; every indicator reflects caution and scrutiny on the part of today’s potential buyers.  Seller motivation continues to be strong while we remain in a five year plus “buyers market”.  Carroll County’s second home/resort communities continue to drag behind the State’s overall market indicators.  There are currently 146 actively listed home; 17 offer water frontage and/or water access; 80 vacant land parcels; 5 condominium units and 8 commercial use properties.  

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

• 117 New Listings… down 5.64%    
• 27 Pending Sales…up 42.10%
• 37 Residential Homes resulted in a successful close…up 23.33%
• Median Priced Sold Homes…$130,000., down 10.34%  
• Average DOM (Days on the Market) 175…up 12.49% or 20 days   
• Lowest Residential Sale… 90C off Foggs Ridge Road, Ossipee $39,900 | 1.15 acres w/a mobile home  
• Highest Residential Sale…11 Mill Road, Ossipee $433,000 | 1.33 acres w/900’ shared water access on Lake Ossipee | Windsock Village Aviation

2^nd Quarter 2013 vs. 2^nd Quarter 2012 Ossipee Lake Waterfront/Access

• 13 Waterfront shared access sales | $80,000. – $210,000.
• 4 Direct waterfront owned sales | $272,500. – $475,000.
• …Last year
  
• 4 Waterfront shared access sales | $103,900. – $275,000.
• 5 Direct waterfront owned sales | $290,000 – $1,200,000.

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

• 5 New Listings…down 28.57%
• 0 Pending Sales…down 100%
• 0 Condominiums resulted in a successful close…down 100%
• Median Price Sold Condo…$000,000., down 100%
• Average DOM 0, down 100%
• Lowest Condominium Sale…NONE  
  
• Highest Condominium Sale…NONE

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

• 44 New Listings…up 46.66%
• 2 Pending Sales…down 60%
• 3 Vacant parcels resulted in a successful close…down 50%  
• Median Price of vacant parcels…$64,000., up 24.27%
• Average DOM (Days on the Market) 446…up 388.68%   
• Lowest Vacant Land Parcel…85 Ossipee Mountain Road, Ossipee $38,000 | 3.5 acres w/202’ road frontage | on site drilled well & septic/leach       
• Highest Vacant Land Parcel…TBD Gile Road, Ossipee $129,900 | 3.39 acres w/257’ water frontage on Duncan Lake    

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

• 16 New Listings… up 45.45%
• 0 Pending Sales…down 100%
• 1 Commercial properties resulted in a successful close…equal with last year
• 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’ road frontage | 8,200+ sq. ft. commercial building
• Highest Commercial Property Sale…495 Route 16, Ossipee $547,000 | 189 acres w/440’ road frontage | 8,200+ sq. ft. commercial building

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.