Wolfeboro, NH Real Estate News

By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Wolfeboro’s Residential listing data reflects a increase in market inventory by 22.6% when compared to last year’s YTD stats.  The United States Department of Labor – Bureau of Labor Statistics ranks New Hampshire as #3 in the Country with a more favorable unemployment rate of 4.6% - the low was measured in May of 1987 at 2.1% and the high noted in September of 1992 at 7.6%.  Unfortunately this rate does not take into consideration the self employed contractors in the construction industry; that groups unemployment numbers are reported to be as high as 22%.  National and global economic instability has caused many potential buyers to hold tight onto their purse strings in hopes for a brighter outlook in the future.  Interest rates remain at a lifetime low, market values continue to soft...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Wolfeboro’s Residential listing data reflects an increase in market inventory by 32% when compared to last year’s YTD stats.  Currently 231 residential homes are available for purchase - 70 offering waterfront and/or water access - 28 condominium units - 95 parcels of vacant land - 14 manufactured home and 16 commercial properties.   Sales volume is down 22.9% and the average sales price has dropped by 28%.   National and global economic instability has caused many potential buyers to hold tight onto their purse strings in hopes for a brighter outlook in the future.  Interest rates remain at a lifetime low, market values continue to soften - so for buyers with the means to purchase, this may be the ideal time.  YTD 2011 vs. YTD 2010 Wolfeboro Residential Market inventory…up 32% Back on ...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Wolfeboro’s Residential listing data reflects a decrease in market inventory by 14% when compared to last year’s YTD stats.  Currently 204 residential homes are available for purchase – 58 offering waterfront and/or water access – 25 condominium units – 89 parcels of vacant land – 14 manufactured home and 17 commercial properties.   Sales volume down 11.4% while average sales prices continue to drop by a rate of 39.7%. The United States Department of Labor – Bureau of Labor Statistics ranks New Hampshire as #3 in the Country with a more favorable unemployment rate of 4.6% – the low was measured in May of 1987 at 2.1% and the high noted in September of 1992 at 7.6%.  National and global economic instability has caused many potential buyers to hold tight onto their purse strings in hopes ...
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By Berkshire Hathaway HomeServices Verani Realty, Good to Know
(BHHS Verani Realty)
The Oldest Summer Resort in America Have you been to Wolfeboro New Hamsphire lately?  If you have'nt  been to Wolfeboro in the past few years, you will be in for a pleasant surprise when you visit the oldest summer resort in America.  Wolfeboro is in the process of a beautiful makeover and as you drive in from Alton Bay, you will notice the changes along the way. Many of the older homes have been restored to their original beauty and ..... Read more: http://blog.verani.com/#ixzz1Pq4G07pe
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Wolfeboro’s Residential listing data reflects a decrease in market inventory by 22% when compared to last year’s YTD stats.  Currently 171 residential homes are available for purchase – 55 offering waterfront and/or water access – 24 condominium units – 91 parcels of vacant land – 11 manufactured home and 17 commercial properties.   Sold properties are equal in volume coming in at twenty-four units while average sales prices continue to drop by a rate of 53%.  Mid to higher end value home buyers are slow getting involved in today’s market, clearly reflected by the decrease of average sale prices – they appear to be keeping their eye on a brighter forecast for future economics both local and national.  Sellers are looking forward to the summertime months for increased buyer interest and ...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Wolfeboro’s Residential listing data reflects a decrease in market inventory by 25% when compared to last year’s YTD stats.  There are currently 148 residential homes available for purchase, with 65 listings offering waterfront and/or water access.  Sold properties are unchanged in volume with 14 units – while the average sales price reported a decrease of 47%. YTD 2011 vs. YTD 2010 Wolfeboro Residential Market inventory…down 25% Back on the market listings…up 41% Pending Sales were unchanged at 12 units Contingent Sales…up 5% Listings that expired prior to a sale or transfer…down 30% Properties withdrawn from the market…down 23% Properties that SOLD…unchanged at 14 units Days on the market increased by 52 days Average SOLD price decreased by 47% YTD 2011 vs. YTD 2010 Residential, Condo...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Wolfeboro’s Residential listing data reflects a decrease in market inventory by 29% when compared to last year’s YTD stats.  There are currently 154 residential homes available for purchase, with 34 listings offering waterfront or water access.  Sold properties are equal in volume while the average sales price reported a decrease of 23%. YTD 2011 vs. YTD 2010 Wolfeboro Residential Market inventory…down 29% Back on the market listings…up 38% Pending Sales…up 200% Contingent Sales…down 31% Listings that expired prior to a sale or transfer…down 31% Properties withdrawn from the market…down 31% Properties that SOLD were equal with a total of seven (7) Days on the market increased by 37% or 60 days Average SOLD price decreased by 23% YTD 2011 vs. YTD 2010 Residential, Condominium, Commercial...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
February 2nd, 2011by Kathleen M. Kizer The January market reports a 45% increase in new Wolfeboro Residential Listings; while Back on the Market homes are down 36% over 2010’s MTD report.  The 1st of the New Year is typically a slower time for home sales, but today’s market reports an increase of 100% over last year’s activity.  There are currently 154 residential homes actively listed on the market; 34 of those listing afford water front and/or water access.  The time it takes to experience a successful sale is holding within a four to nine month time-frame.  Inventory remains high, interest rates remain low and sellers are motivated.  Now could be a great time to start your search for that perfect home, neighborhood and lender! January, 2010 vs. January, 2011 Wolfeboro’s Residential R...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
December 2nd, 2010by Kathleen M. Kizer Wolfeboro Reports Decreases In Residential Sales & Increase in Average Sale Prices! Wolfeboro’s listing data reflects a decrease in overall inventory by 38.4% when compared to 2009’s MTD listings.  There are 195 residential homes actively listed, with 66 affording waterfront or water access.  Back on the market listing are up, pending sales are down, contingent sales are down, expired listing are down, withdrawn listing are down along with DOM.  SOLD properties are down 50% and Average Sale Prices increased 464%. Signs of increased buyer interest are noted, however due to the current oversupply of available properties, buyers are “taking their time” reviewing and viewing the inventory.  Oversupply combined with the added difficulty in loan acquisit...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
November 9th, 2010by Kathleen M. Kizer Wolfeboro Reports Decreases In Both…Sold Listings and Average Sale Prices! Wolfeboro’s listing data reflects a decrease in overall inventory by 22.2% when compared to 2009’s MTD listings.  There are 195 residential homes actively listed, with 66 affording waterfront or water access. Back on the market listing are up, pending sales are up, contingent sales are down, expired listing are down, withdrawn listing are up 100%, and noted DOM are down.  SOLD properties are down 35.7% and Average Sale Prices decreased 83.9%. The market show signs of and activity from “prospective” buyers – but current lending and underwriting criteria are adding to the difficulty in loan approvals and can be directly linked to the additional time it takes to experience a “s...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
October 8th, 2010by Kathleen M. Kizer Pending Sales Down…Successful Sales Down…Average Sales Prices Down… Wolfeboro Residential Listings report an increase of 16 new listing for the month when compared to last year’s MTD figures.  179 homes were carried over from the previous quarters and calendar year; the time it takes to experience a successful sale has decreased by 5 days over last year’s marketing time.  It continues to be a “buyers” market and today’s buyers have lots to choose from…current inventory remaining high but is holding with new listings down 27%; and back on the market homes gain by 11%.  There are 195 active residential listings; 66 having water frontage or water access.  The spectrum of value is between $35,000. – $11,950,000., it would appear that potential sellers a...
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By Marty Patrizi, Multiply Your Propertunities
(The Bean Group)
Wolfeboro NH Real Estate Report August 2010 We are taking a look at homes sold data for the last four years verses the last twelve months to determine where the market is headed.  In 2006, 118 homes sold with an average days on market of 145.  2007 saw a 13.5% drop in homes sold at 102 with average days up at 155.  With the recession in full bloom in 2008, a plunge of 25.5% with only 76 homes sold and average days lessening to 148.  While the Federa Home Buyer Tax Credit was established to prop up a sagging national market, 78 homes were sold and days on market went up to a lengthy 173 days. Wolfeboro NH Real Estate Average Sales Price The average sales price was $529,952 in 2006 and fell 16.4% to $441,526 in 2007.  2008 saw an increase of 2.7% to $453,320 while in 2009, average price d...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
  September 6th, 2010by Kathleen M. Kizer The August market reports a 33% increase in new Wolfeboro Residential Listings; with Back on the Market homes also up 57% over 2009’s MTD report.  Successful sales have increased 66%, while the average sales price has dropped 23.6%.  The time it takes to experience a successful sale has also decreased from 126 days to 100.  Today’s buyers still have a lot to choose from with 195 homes currently available for purchase… 66 properties having waterfront or water access. August, 2010 vs. August, 2009 Wolfeboro’s Residential Real Estate Market Reporting Increased Sales activity and a Decrease in Value 28 New Listings… up 33.3% 11 Homes Back on the Market…up 57% 4 Pending & Contingent Sales…up 29.4% 19 Expired Listings…up by 1 2 listings were Withdrawn...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
August 2nd, 2010by Kathleen M. Kizer   Property Values and Sales are Up while Overall Market Activity Remains Sluggish! The July market reports an 42% decrease in new Wolfeboro Residential Listings, property owners are reluctant to place their home on the market while inventory remains at some of the highest levels in years.  Back on the Market homes have seen a 100% increase over 2009’s MTD stats.  Pending sales combined with Contingent contracts were up 13.3%, and Sold homes reported a 125% increase.  The average DOM (Days on the Market) had a slight increase of three days over last July, reporting an average of 126 days.  The flip side to this scenario is while 9 homes sold in July the residential inventory remains high with 194 active residential listings valued between the low of $...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
The June market reports an 83% decrease in both new Wolfeboro Residential Listings and Back on the Market homes over 2009’s MTD stats.  Pending sales and Contingent contacts were up 50%, while Sold homes reported a 260% increase.  The average DOM (Days on the Market) has decreased with June reporting an averaged 94 day window to receive an offer to purchase.   The flip side of this scenario is while 13 homes sold in June the residential inventory remains high with 193 active residential listings valued between $35,000. and $11,950,000.  Interest rates are the lowest in our lifetime, sellers’ motivation remains high, property values appear to be leveling…but qualified buyers are far and few between.       June, 2010 vs. June, 2009 Wolfeboro’s Residential Real Estate Market ·         26 N...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
The May market reports a 39% increase in new Wolfeboro Residential Listings; while Back on the Market homes are down 30% over 2009’s MTD report.  Homeowners who had previously exhausted their contract terms, options or patience are returning for a 2nd opportunity to be one of the measured in the 57% increase in successful sales/transfers… combine that with 29% increase in sales price and you have signs of an improving market.  The time it takes to experience a successful sale has also decreased from 5.3 months to 4 month…buyers still have a lot to choose from, but maybe they’re finding their dream homes in a shorter period of time; inventory remains high, interest rates remain low and sellers are motivated.   May, 2010 vs. May 2009 Wolfeboro’s Residential Real Estate Market Reporting In...
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By Fred Doleac, Real Estate in a Virtual World
(Fred Doleac - Bean Group)
Wolfeboro New Hampshire Foreclosures, Short Sales and Bank Owned Homes for Sale Purchasing property at a Wolfeboro NH foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at the auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance that the lender will accept an offer at or above the listed price. Register at Wolfeboro NH foreclosures (bank-owned) listings and short sale opportunities. We will contact you and provide: ...
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By Kathleen M. Kizer, Broker Associate, ABR, GRI, ePRO, Certified Appraiser, Your Lakes Region Real Estate Professional
(Costantino Real Estate, LLC / Wolfeboro Appraisal & Consulting Services)
Showing Signs of Increased Market Activity and a Recovery in Market Values Many of the measurable market trends noted in 2009 have seen a significant change with some more promising indicators throughout the 1st quarter of 2010.  Could the overall market be improving?  Let’s take a closer look… In the 1st quarter of 2009 the Wolfeboro market area reported (all properties) a total of 128 new listings, 64 back on the market and 26 pending sales.  124 listing expired prior to a sale, 43 were withdrawn and 21 resulted in a successful close/transfer.  The average marketing exposure time averaged better than 10 months, the average SOLD price $251,089., and the average MEDIAN price was $244,687. 1st quarter in 2010 Wolfeboro is showing some positive signs of change in all market reports… Wolfe...
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By Peter Twain
(Progress)
 IN TOWN COUNTRY HOME: The classic porches, the enormous barn, the surrounding 2 acres of mature lush green with fruit trees, gardens. This historic expanded cape is 1 of the first 7 original homes in Wolfeboro, circa 1768. It is truly an unique Wolfeboro property. Bright, airy, spacious rooms look out on thick grass and deep woods. Many possibilities include a lovely B&B, horses or lots of room for an in-law suite. Create your dream in this spacious 4000 square feet plus huge barn; 12 rooms including 5 Bedrooms, 4 baths,sauna,fireplaces, woodstoves,workshop; updates throughout include new roof, heating system, barn structure including new doors, bathrooms, kitchen, beautiful refinished wood floors,newly painted, many more, plus a new 5 bedroom septic system.Well maintained.Period detai...
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By Steve Bush, 603.455.7428 - NH Lakes Region
(Maxfield Real Estate)
With spring taking hold I feel blessed to live on the gold coast of Lake Winnipesaukee. This is East Alton, Wolfeboro, Tuftonboro (Mirror Lake & Melvin Village) as well as part of Moultonborough. It is route 109 on the eastern side of the lake. The westerly views across Winnipesaukee towards the Belknap Mountains in Alton and Gilford are breathtaking especially at sunset. The waterfront real estate, especially in Wolfeboro is some of the best in New England. In fact two years ago French President Nicolas Sarkozy decided to spend two weeks in Wolfeboro. That brought notoriety to the "oldest Summer Resort in America." Not only has Sarkozy spent some time hear, but it is the summer home of former Massachusetts Governor and presidential candidate, Mitt Romney. It was a summer home to Jack L...
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