Market stats for the Town of Wolfeboro, Carroll County, New Hampshire…3rd quarter indicators are reporting mixed reviews; residential markets are down in pending and sold listings, while the median sales price takes another dive down by 11.25%. Condominium new listings and sales are up, while the median sales price take another dip by 25.95%. Vacant land inventory reports an increase in new listings, pending sales and success transfers, however the median sales price has noted another loss by 43.72% in value over the same period last year. Commercial market inventory and sale continue to drag behind, with a reported increase of three (3) sales or 50%, when compared to last year’s sales data. The buyer’s market continues…seller motivation is strong, market rates continue to be appealing while underwriting and qualifying scrutiny tightens.
3rd Quarter 2014 vs. 3rd Quarter 2013 Residential Markets
217 New Listings… up 8.5%
61 Pending Sales…down 7.75%
71 Residential Homes resulted in a successful close…down 11.25%
Median Priced Sold Homes…$285,000., up 31.63%
Average DOM (Days on the Market) 192, up 20.18% or 33 days
Lowest Residential Sale… 64 Varney Road, Wolfeboro $55,000. | 1.2 acres
Highest Residential Sale…144 Springfield Point Road, Wolfeboro $8,975,000. |7.10 acres w/841′ of water frontage on Lake Winnipesaukee
3rd Quarter 2014 vs. 3rd Quarter 2013 Condominium Market
44 New Listings…up 51.72%
8 Pending Sales…equal with last year’s 3rd quarter
11 Condominiums resulted in a successful close…up 22.2%
Median Price Sold Condo…$210,000., down 25.92%
Average DOM 153, down 17.74% or 33 days
Lowest Condominium Sale…98 No. Main Street, Unit #2 $111,500.
Highest Condominium Sale…36 Endicott Street, Unit #8 $510,000. | 207′ shared water frontage on Lake Winnipesaukee
3rd Quarter 2014 vs. 3rd Quarter 2013 Vacant Land Market
72 New Listings…up 44%
14 Pending Sales…up 366.66%
17 Vacant parcels resulted in a successful close…up 183.3%
Median Price of vacant parcels…$74,000., down 43.72%
Average DOM (Days on the Market) 127…down 47.47%
Lowest Vacant Land Parcel…91-5 No. Wakefield Road, Wolfeboro $10,000 | 13.82 acres w/300′ of road frontage
Highest Vacant Land Parcel…Center Street, Wolfeboro $250,000. | 34 acres
3rd Quarter 2014 vs. 3rd Quarter 2013 Commercial/Industrial Market
11 New Listings…down 42.10%
3 Pending Sales…equal with last year’s 3rd quarter
6 Commercial properties resulted in a successful close…up 50%
Median Price of Commercial properties…$351,250., up 31.30%
Average DOM (Days on the Market) 213…up 124.45%
Lowest Commercial Property…45 No. Main Street, Wolfeboro $150,000. | Evergrain Natural Foods Retail
Highest Commercial Property…26 Bay Street, Wolfeboro $417,500. | Laconia Electric Building
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.
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