Middle of the Road Market
Middle of the Road Market
Wow! Labor Day has come and gone! So are the throngs of tourists and vacationers. At least for a while! Now it’s time to focus on the time honored tradition of getting the old homestead ready for winter. The leaves haven’t fallen yet so you don’t have to rake but you can check your weather stripping and seal up any gaps, clean your gutters, winterize your irrigation system, get the chimney and furnace serviced if you haven’t already, and get your supply of wood pellets or cord wood in under cover. Do this all on Saturday so Sunday is left open for watching football. That’s another tradition.
What’s For sale
As of the first of the month there were 862 single family homes on the market in the twelve towns covered by this report. The average asking price stood at $644,071 and the median price point was $317,000. The current inventory level represents a 7.8 month supply of homes on the market.
The Lakes Region real estate market offers an incredibly wide variety of homes and price points for buyers to look at. There truly is something for everyone here from starter homes up to mega mansions. Right now, for example, the least expensive offering in the MLS for a single family home is priced at $39,000. The problem here is that it does need quite a bit of work and is being sold “as is” due to a recent fire so financing is likely out of the question. It is located at 70 Winnisquam Ave in Laconia and has 900 square feet of space including three bedrooms and one bathroom plus a two car garage on a .13 acre lot. Are you up for a challenge?
On the opposite end of the spectrum, the well known Bahre estates in Alton are both down from $25 million each to a mere $9.9 million and a Governors Island estate is still holding firm at an even $10 million after 2,533 days on the market. Imagine that…
Middle of the Road Homes
But more people seem interested in the middle road of our market like the custom built colonial at 643 Middle Route in Gilmanton offered for $319,000. No pun intended. This home was built in 2004 on a 3.16 acre lot and has 2,816 square feet of living space, three bedrooms, three baths, and has a great open floor plan with hardwood and tile floors, an eat-in kitchen with maple cabinetry, center island, stainless steel appliances, vaulted ceiling and gas fireplace in the living room, formal dining room, and a master suite.
Just down the street at 809 Middle Route there is a new contemporary home being constructed with 2,400 square feet of space, three bedrooms including a first floor master and two and a half baths on a 5 acre country lot. There’s an unfinished walkout lower level for additional future living space and an attached two car garage. I am not sure how far along in construction they are, but you can probably still pick out some finishing touches and paint colors.
Another good median price point home is at 356 Roxbury Road in Sanbornton. This open concept contemporary home was built in 2004 and has 2,736 square feet of living space all on one level. It has a large eat in kitchen, a living room with cathedral ceilings and lots of windows to bring in the light, a 24’ x 24’ master suite, a three car garage, and a huge walk out basement that’s perfect for a work shop, game room, or hobby space! The house sits on a very private 5.38 acre lot with its own pond. At only $314,900 this looks like a pretty good deal…
There are about 70 homes in the $300,000 to $350,000 price range available now to look at and make your own. So get out there, contact your real estate agent, and take a look. And by all means, if you have something nice to sell…now is the time! Inventory is low and everyone is looking for that special home. Do you have it?
Data was compiled using the NEEN MLS system