NH Real Estate News

10 Good Reasons to Forget Lake Winnipesaukee

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Why buy a waterfront home on Lake Winnipesaukee when you could vacation on Cape Cod, Martha's Vineyard or other hard-to-get-to New England vacation destinations? Here are ten good reasons to avoid the Lakes Region.

FULL TRANSCRIPT:

10 GOOD REASONS
To Avoid Lake Winnipesaukee, NH

Reason 1: You Enjoy Paying State Taxes

New Hampshire has no income tax or sales tax. So spending all or part of your time at your home at Lake Winnipesaukee would deprive you of that pleasure.


Reason 2: You Prefer Remote Locations

Lake Winnipesaukee is only a two-hour drive from Boston. So the kids can barely watch one movie before you’ve arrived. So you’ll miss the long, arduous travel.


Reason 3: You Love Monotonous Ocean Views

Our picturesque White Mountains will block your views of the ocean’s flat horizon. And when they explode with vibrant colors in the fall, it will be particularly annoying.


Reason 4: You Only Swim in Murky Water

Our crystal clear, spring-fed lake won’t sting your eyes, and your feet won’t sink into muck. And you’ll miss worrying about what type of sea creature may be lurking nearby.


Reason 5: You Enjoy Feeling Hot and Sweaty Year-Round

Our Lakes Region has four seasons, so just when you’re getting acclimated, it changes. And after the leaves change color, you’ll have to pull all your ski stuff out of the closet.


Reason 6: We have far too many quaint downtown areas.

Our gourmet restaurants, art galleries, boutique shops and other non-essential activities will give you headaches.


Reason 7: You Never Eat Ice Cream

In Wolfeboro alone, there are 5 ice cream shops to distract you from your own low-fat diet. So it’s best that you avoid the temptation to eat dessert while strolling around our lake.


Reason 8: You Enjoy Walking on Paved Surfaces

Our bike trails, walking trails, ski trails, and mountain trails (leading to great views) are far too primitive. And you may have to invest in a pair of hiking shoes or cross country skis.


Reason 9: You’ll Miss Boating on Choppy Water

On calm Lake water will bore you to tears on your boat ride out to dinner. And it will be absolutely no challenge for you to sail or water-ski, if it’s not in 4-foot chop.


Reason 10: You Don’t Trust Friendly People

For some reasons, people who live or vacation here all smile and wave at each other, which is certainly suspicious. So it’s best that you avoid them altogether, because it may be contagious.
 

Learn more about the Lakes Region and finding your vacation home from the Dow Realty Group.

Lakes Region 2011 year-end Real Estate Reports

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Included in the report are: 2011 Report - Click Here

Winnipesaukee Homes Sold 2003-2011

  •     Total Number of Homes Sold
  •     Median Price
  •     Highest Price
  •     Days on Market (DOM)

Wolfeboro Homes Sold 2000-2011

  • Total Number of Homes Sold
  • Median Price
  • Highest Price
  • Days on Market (DOM)

Winnipesaukee Condos Sold 2000-2011

  • Total Number of Condos Sold
  • Median Price
  • Highest Price
  • Days on Market (DOM)

 Here is a link the summary report:

2011 Report - Click Here

Home Sales Winter vs Summer

Should I list my Lakes Region, NH home for sale over the winter or should I wait till summer? This is the million dollar question. Well, you can certainly argue the properties around here look a lot better in the spring and summer, but what do the numbers say. You have to go with my logic here. If we look at properties that sell from April 1st to June 30th, we can assume that most of them were on the market and went under contract during the winter. We can use the same logic for summer, August 1st to September 30th. So, here are the number of closed residential sales in both Carroll and Belknap Counties.

Date Range 2008 2009 2010 2011
April 1st to June 30th 332 326 414 337
September 1st to October 30th 236 258 262 288

I  have to admit, even I am surprise, I was thinking the winter numbers were going to be smaller but close. I guess people do look for Lakes Region Real Estate over the winter, to be in for summer!

Sold waterfront home on Sewall Road

 

Coming soon, listing near Brewster Beach

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For those who know Wolfeboro well, one of the nicest roads is Clark Road and one of the nicest areas on Clark Road is near the Town Beach, Brewster Beach. Here is a virtual tour that I did of just the beach so people who have never visit it can see how nice it is, Virtual Tour of Brewster Beach.

The reason I mention it is.....I have a five bedroom home coming on the market in the near future near the beach:) If you have a friend looking for a great house in a great neighborhood, give me a shout or stay on the look out at www.adamdow.com/listings

Say it isn't so, no more whoppers by water

The only, well who knows, Burger King that you can get to by boat is closed. Gone are the days of eating Bacon Double Whopper in your bathing suit!

Burger King to close Sunday

By GEOFF CUNNINGHAM Jr.

Article Date: Saturday, April 19, 2008 A Burger King that is believed to be one of the only in the country offering dockside access will be closing on Sunday, though the longtime owner said he is still looking at alternate locations for the business.

After 30 years at its lakeside location on Paugus Bay, the Burger King at 1218 Union Ave. will "unfortunately be no more" as of tomorrow, said owner Larry Kohler of Mass.-based Mastoran Corporation.

Read Article

Northeast Home Prices Remain Strong

Well finally some good news about our Real Estate market. I was talking with a client yesterday about how every real estate market is local, it is very hard to predict what will happen with Lakes Region Real Estate by comparing it to the California market. We simply did not have prices jump as fast as other parts of the Country, we had a steady more healthy growth.

 Read the article in Business Week

New Hampshire Out Performing other NE States

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New Hampshire: The state is expected to outperform all other New England states with an average annual gross product growth rate of 3 percent through 2011. New Hampshire also is expected to lead the region in employment growth, with a 1.7 percent annual rate. But real estate values are expected to be pressured well into next year by rising numbers of people paying mortgages late and facing foreclosure.

Read the whole article on Boston Hearld.com

Update on NH home sales on NHBR.com

N.H. home sales fall, prices steady

Published: Wednesday, Aug. 8, 2007New Hampshire home prices took only a minor hit, but sales volume dropped in the first half of 2007, according to the New Hampshire Association of Realtors.

Residential sales volume in the first six months of 2007 was 5,929 units, down 9.3 percent from the 6,539 units sold in the first half of 2006 and down 22 percent from 2004 -- the peak year, when 7,594 units sold between January and June, according to the trade group.

Residential sale prices remained relatively stable in the first six months of 2007 at an average of $303,038 -- a 1.6 percent decline from last year's average of $307,875, which was the peak year historically for January-to-June sale prices. And the June average of just under $313,000 marked the fourth consecutive month in 2007 that the average price has increased.

"During this serious housing downturn in other parts of the nation, values in New Hampshire are holding up quite well," said NHAR demographer Peter Francese, who also pointed to the fact that New Hampshire has one of the lowest home foreclosure rates in the nation as a positive sign.

Read Article

The decrease in volume and a six-day increase in average days on market (108 in June 2006, 114 in June 2007) has led to a large number of active residential listings.

As of July 16, there was more than a nine-month supply of inventory, with over 12,700 listings in New Hampshire, and 1,377 residences having sold in June, according to NHAR. - JEFF FEINGOLD

Study forecasts more foreclosures

Here is an article in the Union Leader, by TOM FAHEY which gives the Subprime picture in New Hamshire.

TOM FAHEY State House Bureau Chief

CONCORD - New Hampshire will see foreclosures continue to increase into 2008 as subprime mortgages continue to fail, a study released yesterday said.

Despite the increase, foreclosures will not rise to the level they hit during the early 1990s, and will not drag down New Hampshire banks, according to the study by Brian Gottlob of PolEcon Research in Dover. The New Hampshire Bankers Association asked Gottlob to conduct the study.

Read Article