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Ossipee, New Hampshire 3rd Quarter 2014 Market Report

By
Real Estate Agent

Danforth Bay 4Market stats for the Town of Ossipee, Carroll County in the State of New Hampshire…3rd quarter indicators are reporting mixed reviews; residential, condominium and vacant land markets are down by a significant measure in volume and median sales price. The commercial market is attempting to recover with new listings, however the market is not being absorbing by investors through purchases and successful sales. As we move into the 4th quarter, active sellers along with their agents are perplexed by the amount of buyer activity over the year, with little to no results in actual sales. The buyer’s market remains, as we continue to look forward with hopes for stronger market conditions for the years end and next year’s spring real estate market.

3rd Quarter 2014 vs. 3rd Quarter 2013 Residential Markets
187 New Listings… up 11.30%
37 Pending Sales…down 9.75%
50 Residential Homes resulted in a successful close…down 10.71%
Median Priced Sold Homes…$115,000., down 12.21%
Average DOM (Days on the Market) 145, down by 6 days or 4.3%
Lowest Residential Sale… 9 Leisure Drive, Ossipee $25,000 | .69 acres
Highest Residential Sale…445 Route 16, Ossipee $124,000 | 13.42 acres Commercial zoning /200′ of water frontage on Duncan Lake

 

3rd Quarter 2014 vs. 3rd Quarter 2013 Condominium Market
7 New Listings…up 75%
0 Pending Sales…down 100%
0 Condominiums resulted in a successful close…down 100%
Median Price Sold Condo…$0
Average DOM NO DATA
Lowest Condominium Sale…
Highest Condominium Sale…

 

3rd Quarter 2014 vs. 3rd Quarter 2013 Vacant Land Market
63 New Listings…down 7.35%
7 Pending Sales…up 16.66%
8 Vacant parcels resulted in a successful close…down 20%
Median Price of vacant parcels…$28,500., down 40.62%
Average DOM (Days on the Market) 376…up 32.62%
Lowest Vacant Land Parcel…14 Leisure Drive, Ossipee $5,000 | .76 acres
Highest Vacant Land Parcel…NH Route 28, Ossipee $90,000 | 2 acres commercially zoned

 

3rd Quarter 2014 vs. 3rd Quarter 2013 Commercial/Industrial Market
28 New Listings… up 55.55%
2 Pending Sales…equal with last year’s 3rd quarter
1 Commercial properties resulted in a successful close…down 50%
Median Priced of Commercial Property…890,000., up 128.49%
Average DOM (Days on the Market) 137…up 77.92%
Lowest Commercial Sale…760 Route 16, Ossipee $890,000. | 31 acres w/frontage TBD | Car Wash
Highest Commercial Sale… 760 Route 16, Ossipee $890,000. | 31 acres w/frontage TBD Car Wash

 

Based on information from (NNEREN) Northern New England Real Estate Network, Inc. | January 1st through September 30th, 2013 & January 1st through September 30th 2014.

 

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@KathleenKizer.com. Call the office at 603-539-3200, ext. 208 or direct at 603-707-2753.