There were 96 homes sold in September 2014 in the twelve communities covered by this Lakes Region Real Estate Market Report. The average selling price came in at $316,720 and the median price point was $204,750. Last September there were 104 sales at an average of $406,327 with a median price point of $201,000.
For the first nine months of 2014 there have been 726 residential home sales at an average of $315,976 compared to 782 sales at an average of $300,284 for the same period in 2013. We are headed in the wrong direction.
So what can you buy for a home just under the $200,000 mark? There sure is a lot out there to look at, but here are a few selections just to get you started.
Over at 69 Chapin Terrace in Laconia you'll find a cute 1,502 square foot ranch built in 1985 with three bedrooms, one and three quarter baths, a large living room with a fireplace, a well appointed eat in kitchen, plus a family room and office in the basement. The home sits on a level .4 acre lot with a great back yard, a large deck, a two car garage, and Opechee water views across the street. The home is assessed at $212,200 and is being offered at $198,000. This home is located on a quiet dead end street in a great neighborhood so it may well be worth a look.
There's a 1955 vintage ranch at 98 Kimball Road in Gilford which has had many updates in the past few years including vinyl siding, new roof, furnace, hot water heater, and replacement windows. This home has 1,412 square feet of living space with three bedrooms, one bath, a living room with hardwood floors, fireplace, and lots of built in shelving. The kitchen has plenty of storage, new appliances, and tile floors. This home sits on a one acre lot with mature perennial gardens. It is priced at $198,000. I remember a time when you could not find a home in Gilford for under $200K!
At 45 Brigham Street in Laconia you'll find a 1,730 square foot raised ranch that was built in 2006 on a .85 acre lot at the very end of the street. This like new home has three bedrooms, two full baths, and a lower level man cave space where you can watch the Patriots on Sunday. The main level has an open concept living and an eat-in kitchen area that sports stainless steel appliances and nice cabinetry. There's a one car garage under and workshop area. The low maintenance vinyl exterior coupled with a small yard will ensure you spend more time in the man cave or out hunting and foraging. This home is priced at $199,000.
Finally, up at 229 Chestnut Drive in Gilford, there is an immaculate, 1,820 square foot, three bedroom, two bath cape with awesome Winnipesaukee views. This open concept home was built in 2004 and has beautiful exotic hardwood floors, a kitchen with maple cabinetry, a large living room with cathedral ceilings, fireplace, and a wall of windows and sliders that lead out to the large deck. Upstairs is a loft/office area and a huge unfinished bonus room. The basement provides ample storage or future expansion possibilities. There's really no lawn to mow so this low maintenance yard will free up your time so you can enjoy the beach. This home is priced well below the tax assessed value of $229,620 at $199,900.
Please feel free to visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and comment on this article and others. Data was compiled using the Northern New England Real Estate MLS System as of 10/14/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-267-7012.
Last Updated on Friday, 17 October 2014 09:32
DERRY — Few consider the political nuances of Derry, the state's fourth-largest community, but it actually makes a lot of sense that both Democratic U.S. Sen. Jeanne Shaheen and her Republican challenger Scott Brown were in Derry last Tuesday looking for a fight.
In fact, if there was a day that could perfectly encapsulate the 2014 New Hampshire U.S. Senate contest it was Tuesday.
First, there is Derry itself, a key battleground for the the Senate contest. The town's size alone should grab anyone's attention. The southern New Hampshire town has a larger population than all of Coos County. Derry is not a battleground in the sense that is evenly mixed between Republicans and Democrats. The split in Derry is between Republicans and independents. Usually Derry is represented by just Republicans in the Statehouse, but President Barack Obama's re-election campaign meant that now two of the nine representatives were Democrats. Republican Mitt Romney beat Obama here in 2012 by 51 percent to 47 percent.
Still, if Brown is going to win he will need to tally up big numbers in Derry. He knows this. On his first weekend officially exploring a Senate run, he visited Derry. When he was going to bring in Sen. John McCain to do just one event, Brown said it should be in Derry. Brown's first ad of the general election featured Brown talking to the camera from a diner in Derry. When Florida Sen. Marco Rubio was going to make his first trip to New Hampshire in two years, which he did on Tuesday, they headed to Derry.
"Derry Day" is instructive because it speaks to the level of sophistication of these campaigns. While Brown wanted a day to woo Derry with Rubio, Shaheen knows that Brown's win margin here is what matters. If she can show up, limit the damage here, and mess with Brown's day, then that's a win. This may make logical sense to you, but this level of thought and execution usually only happens with presidential campaigns.
The day started with Shaheen announcing she will begin running probably the most negative television ad yet of her campaign. While Rubio and Brown wanted to talk about foreign policy, Shaheen decided she wanted everyone to talk about women's issues instead. Her ad highlighted two bills Brown co-sponsored in the Massachusetts legislature that would have added waiting periods before a woman could get an abortion. Sure, Brown might say he is pro-choice, Shaheen told a crowd at a small business tucked in a Derry strip mall, "but look at what he does."
Brown quickly responded and accepted the premise that foreign policy would have to wait another day for news coverage. At a press conference before the Rubio event he stood with his wife and called on Shaheen to take down the ad, which he called "a lie."
This political fight on this day is also what this Senate campaign has been all about for months. Any given day are we supposed to be talking about Brown's personality and record or are we supposed to be talking about Shaheen helping Obama's agenda?
During their first debate in North Conway on Monday, Shaheen repeated five times that Brown voted to continue oil subsidies for oil companies. Meanwhile, Brown repeated five times that Shaheen voted with Obama 99 percent of the time during 2013.
This campaign fight will continue for another three weeks, in Derry and everywhere else.
(James Pindell covers politics for WMUR. You can see his breaking news and analysis at WMUR.com/politicalscoop and on WMUR-TV.)
Last Updated on Wednesday, 31 December 1969 07:00
There were fourteen waterfront homes on Lake Winnipesaukee that changed hands in September 2014. The average sales price was $1,209,457 and the median price point came in at $1,175,000. Nine of those sales exceeded the million dollar mark. This was a bit lower than last September when there were eighteen sales at an average price of $1,114,292 with a median price point of $652,000. For the year thus far there have been 94 waterfront sales on the big lake at an average of $1,094,088 compared to an identical 94 sales last year at an average of $921,565.
The entry level sale last month was at 120 Hillcroft Road in Laconia. This 1985 vintage, 1,784 square foot, four bedroom, two bath gambrel style home has an open concept kitchen and living area, brick wood burning fireplace, front to back master bedroom with balcony on the second floor, and a huge wrap around deck. The home sits on a .76 acre lot with 275 feet of frontage, a sandy beach, and u- shaped dock. The home was first listed in June of 2013 for $445,000, relisted in May of 2014 for $389,000, reduced to $339,900, and sold for $311,500. Susan Hodgkins of Keller Williams Metropolitan represented the property. Total time on market was 257 days. It is currently assessed at $348,100.
The median price point sale is represented by the property at 192 Woodlands Road in Alton. This contemporary home was built in 1952 and has 3,546 square feet of living space, three bedrooms, and three and a half baths. This home faces the "broads" so it was designed with lots if windows to bring in the spectacular views. The home has two family rooms, a sun room, hot tub room, gleaming hardwood floors, massive stone fireplace, attached three car and detached two car garages, and a whole house generator. The home sits on a 2.42 acre lot with extensive stonework, patios, walkways, and 200 feet of frontage. This home was listed by Ellen Mulligan of Coldwell Baker RB/Center Harbor for $1.575 million. The price was reduced several times with a major $200,000 reduction in August down to $1.195 million. That sparked four offers with the winner coming in at $1.2 million. Total time on market was 707 days. It is assessed for $1.062 million.
The highest dollar sale honors go to the home at 55 Banfield Road in Tuftonboro. This lovingly restored turn of the century (the last one, not this one!), 3,600 square foot lake cottage exudes lake front charm. The home has five bedrooms, two and a half baths, luxurious kitchen and baths, lots of natural woodwork, wainscoting, multiple fireplaces, and a wonderful covered porch. A lake home is supposed to look like this one. The home sits on a .95 acre lot with Southwesterly views, mature landscaping, 155 feet of frontage, and an over the water boat house. This home was listed by Geordy Hutchinson of Yankee Pedlars Real Estate in Wolfeboro and sold after just eleven days for $100,000 less than the $2.9 million asking price. It is assessed at $1.3 million. This is a nice, nice property!
The only sale on Winnisquam in September 2014 was at 4 Leighton Ave North in Laconia where a 1930s vintage, 1,684 square foot, two bedroom, one and a half bath year round home found a buyer after just 50 days on the market. This home was move in ready and sits on a level .36 lot with sunset views, 60 feet of frontage, a dock, and one car garage. This home was listed at $469,500 and has an assessed value of $372,600. It sold for $445,000 and was represented by Kay Huston of Coldwell Banker RB Center Harbor.
Please feel free to visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and comment on this article and others. Data was compiled using the Northern New England Real Estate MLS System as of 10/8/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
Last Updated on Friday, 10 October 2014 06:52
As of October 1, 2014 there were 1,220 residential homes for sale in the twelve Lakes Region communities covered in this report. The average asking price was $595,399 with a median price point of $269,000. Last October first there were an even 1,200 properties on the market with at an average of $502,146 and a median of $259,948. The current inventory represents a 15 month supply of homes on the market.
Real estate agents market properties utilizing a conventional and uniform format called the Multiple Listing Service. A listing basically has three components. First there is the visual aspect which includes pictures and video tours. Second, there is the listing data itself which includes the home square footage, year built, number of bedrooms, bathrooms, type of basement, etc. I would also include the Seller's Property Disclosure, deed, tax cards, and all of the other pertinent data in this category. The last component would be the description of the home itself. You know, either the flowery description that goes like "This finely crafted, single owner, high quality lake home has been lovingly maintained by...." or the simple and direct "This three bed, two bath, ranch style home has 1,245 of living space that is sure to please..."
But buying a home is really a personal experience. We utilize our senses to determine what to buy. The first component, the pictures, is what really attracts a buyer to the home in the first place. Sometimes, on arrival to a property, a buyer is surprised to find that the house is actually way better or much worse than he saw online. I guess it could be the quality of the pictures. What we like to hear is that "It looks just like the pictures!"
We give little thought to the four other senses we have and how they play a part in purchasing a home. Touch, smell, sound, and taste. These senses all play a part. Stay with me here...
Smell obviously is clearly important. If, on arrival, a house smells horrible it will kill a deal faster than anything else. Smell is that powerful. Smoke, pet odors, or moldy, musty odors turn people off immediately and can also be a sign of other problems. Conversely, the fresh smells of new cut grass, flowers, or fresh baked cookies can sway a buyer to the positive. I even like the smell of fresh paint or new carpet. Things need to smell fresh and new! So, what does your home smell like?
Sound plays a role, too. The neighbor's barking dog or the traffic noise from the highway behind the house will definitely lose out to the sound of chirping birds, the buzzing wings of a hummingbird, the call of the loon, and the silence provided by a pristine meadow. Every, single time.
The sense of "touch" could be interpreted both literally and figuratively. After all, how a home "feels" is often what makes someone buy it. High end material and finishes literally feel better to some buyers. An expensive carpet with a premium pad feels better than the less expensive grades. High end cabinetry feels more solid and well built. High end doors just feel better than hollow core ones. It is not that buyers generally go around groping the house mind you, but a well done home regardless of cost, figuratively speaking, feels better. A tasteful decor feels better than...well, better than avocado appliances, z-brick, and plastic flowers. Homes can feel comfortable, homey, cozy, campy or luxurious. They can also feel dark, cold, sterile, and uninviting. It is all about the feel.
Now, it may be difficult to equate a home to what something tastes like but I know I have been in a few homes that have left a very bad taste in my mouth although I am not sure what it was. I am sure you can equate an antique restored colonial to a fine aged wine. But good taste in reference to design, choice of materials, accessories, and furnishings can make even the simplest of homes much more desirable and saleable. If a home cost a million dollars to build, but it is done in bad taste or in a decor that is a little extreme or not prevalent in that area, the owner might not recoup his investment. Conversely, a simple well executed design with pleasing decor enhances even a relatively inexpensive home and makes it more desirable.
Oh yeah, there is a sixth sense that is needed when you are buying real estate and your realtor can help you with that. It is called common...
Please feel free to visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and comment on this article and others. Data was compiled using the Northern New England Real Estate MLS System as of
10/1/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
Last Updated on Friday, 03 October 2014 09:09
In his U.N. address, President Obama listed a parade of horrors afflicting our world: "Russian aggression in Europe," "terrorism in Syria and Iraq," rapes and beheadings by ISIL, al-Qaida, Boko Haram.
And, of course, the Ferguson Police Department.
That's right. The president could not speak of war, terrorism and genocide without dragging in the incident in a St. Louis suburb where a white cop shot and killed a black teenager: "In a summer marked by instability in the Middle East and Eastern Europe, the world also took notice of the small American city of Ferguson, Missouri — where a young man was killed, and a community was divided."
What, other than its racial aspect, can explain why Obama is so hung up on Ferguson? At the Congressional Black Caucus dinner Saturday, he was back stoking the embers. "Too many young men of color feel targeted by law enforcement, guilty of walking while black or driving while black — judged by stereotypes that fuel fear and resentment and hopelessness."
Obama is here implying that Michael Brown was profiled, judged "guilty of walking while black," when shot and killed. But that is false, and Barack Obama knows it is false. Brown had just knocked over a convenience store after collaring the clerk and was walking in the middle of the main street in Ferguson, blocking traffic, when officer Darren Wilson confronted him.
Did Wilson shoot Brown in a racist rage? Or did Wilson, face battered and eye socket smashed in a fight with the 290-pound, 6'4" Brown, empty his gun in self-defense? We do not know. And neither does Barack Obama.
For weeks, a grand jury in St. Louis County has been hearing testimony, trying to sort it out. But by implying the shooting was done for racial reasons, that Brown may have been "targeted" for "walking while black," Obama is stoking the fires of racial resentment.
Why is he parroting a party line about America that he knows is more myth than truth? White cops are not the great lurking danger, nor the leading cause of violent death, of black teenagers and men. That role is fulfilled by other black teenagers and other black men. And the statistics on the ugliest forms of racial violence in America — interracial assaults, rapes, murders — reveal that such crimes are overwhelmingly black-on-white.
Obama said that "young men of color" are too often "judged by stereotypes." But behind those stereotypes are FBI statistics that show that black males between 16 and 36, two percent of the U.S. population, commit a vastly disproportionate share of all violent crimes.
Where are the stats to sustain Obama's stereotype of cops?
And what did the Ferguson police do to deserve to be invoked as exemplars of what is wrong with law enforcement in America, while the Ferguson protesters get a presidential pass? Since Michael Brown was shot in early August, rocks and Molotov cocktails have been thrown at Ferguson cops, stores have been looted and smashed, police have been cursed and threatened, and a mob tried to shut down I-70 at rush hour.
And what are the outrages perpetrated by Ferguson's cops? After a riot in Ferguson, the next night St. Louis County cops showed up in riot gear, helmets and body armor, with an MRAP. Now some Ferguson cops are wearing wristbands reading, "I am Darren Wilson," to show solidarity with their fellow cop who is in hiding for fear of his life.
This set off Eric Holder's minions in the civil rights division at Justice, whence one Christy Lopez fired off a letter to the Ferguson police chief saying the bracelets "upset and agitated people."
So what. If police baiters can raise hell in solidarity with Brown, cannot cops peacefully wear wristbands in solidarity with Wilson?
Last week, Ferguson Police Chief Thomas Jackson released a video, apologizing to Brown's parents for their son's death, and for not moving the teenager's body from the street for four hours. Unartful, perhaps, yet it seemed sincere.
The response: The Ferguson mob cursed the chief and Brown's father brushed him off saying, "an apology would be when Darren Wilson has handcuffs, [is] processed, and charged with murder."
Understandably, this is what Michael Brown's father wants. And this is what the protesters demand. But that is not the way the law works in America, where crowds get the indictments and convictions they demand under a threat of civil disobedience or violence.
Saturday night, a Ferguson cop was shot in an incident unrelated to August. But Chief Jackson and State Highway Patrol Capt. Ron Johnson have told the Washington Post their officers have been repeatedly threatened and, since August, have come under gunfire.
If a St. Louis officer is wounded or killed in revenge for Brown, President Obama will deserve a full share of the moral responsibility. It is time he started acting like a president of all the people, and dropped this role of outside agitator.
(Syndicated columnist Pat Buchanan has been a senior advisor to three presidents, twice a candidate for the Republican presidential nomination and the presidential nominee of the Reform Party in 2000. He won the New Hampshire Republican Primary in 1996.)
Last Updated on Wednesday, 01 October 2014 09:43