Third Quarter Update – Lakes Region Real Estate Activity

2021-8-20

I’ve pulled up some data to provide all of you with some current insight on what’s happening in our local real estate market here in the Lakes Region.

Belknap County — single-family 1/1/21 – 7/31/21

  • Closed sales were down 6% during this period.
  • Median sales price was up 8% ($367,150) during this period.
  • Sales volume was up 3% ($282.1 million) during this period.
  • Days on market were down 4% during this period.
  • Pending sales were down 0% during this period.

Carroll County — single-family 1/1/21 – 7/31/21

  • Closed sales were up 6% during this period.
  • Median sales price was up 2% ($364,900) during this period.
  • Sales volume was up 7% ($296.6 million) during this period.
  • Days on market were down 8% during this period.
  • Pending sales were down 0% during this period.

Grafton County — single-family 1/1/21 – 7/31/21

  • Closed sales were up 7% during this period.
  • Median sales price was up 7% ($299,900) during this period.
  • Sales volume was up 6% ($281.6 million) during this period.
  • Days on market were down 9% during this period.
  • Pending sales were down 9% during this period.

You can see the activity decreasing during the month of July as follows. In Belknap County, closed sales were down 36.6%, in Carrol County, closed sales were down 23.6%, and in Grafton County, closed sales were down 27.6%. This sudden drop-off was due to the lack of inventory available in each county and a softening of the market demand due to increased prices.

  • Nationally, July housing trends are finally offering good news for 1st time buyers. According to the Realtor.com monthly housing report released recently, new listings rose 6.5% in July for the fourth month in a row as sellers add higher numbers of smaller homes to the market according to the Realtor.com monthly housing report released recently.
  • A new national survey indicated that in the 4th quarter of 2020 and the 1st quarter of this year, active house hunters blamed being outbid by other offers as the most common reason for their inability to make a purchase. But the top reason changed in the 2nd quarter more would-be buyers said that high home prices are sidelining them lately according to the housing trends report.
  • In New Hampshire statewide, the median sales price for a home hit a record high of $402,000, a 25% increase from the same time last year. That’s a chilling statistic, a huge bump for one year. This new record high suggests people are emerging from the pandemic ready to relocate to the tax-free and natural resources-rich Granite State. Plus, those who can work from home want to come to New Hampshire.
  • The good news is that the inventory of homes for sales rose nationwide in July. However, inventory overall still remains 18.8% lower than a year ago nationwide. In New Hampshire, the inventory is lower than the national average. At the beginning of the year leading to spring, New Hampshire was hovering around 1,000 single-family homes for sale in any given week. Now, as of August 19th, we have 1,884 single-family homes for sale. So we are starting to see more properties coming on the market.
  • I’m starting to see some “leveling” to this hectic market we’ve experienced. As more properties come on the market, we’re seeing price reductions show up more frequently. For example, in the last 10 days, there have been 137 price reductions in the entire state. In the Lakes Region, the primary single-family market is affected the most because many properties were getting “too pricey” for the “local market” to afford, and the demand softened. On the other hand, the second home market with waterfronts, water access, docks, beaches, and view properties are still attracting strong interest with a much quicker turnaround than the primary market. There are still are many cash sales coming from our neighboring states & southern New Hampshire. However, properties that are considerably overpriced are still on the market.

Here’s a quick recap of what’s available locally:

  • Laconia
    • 0 waterfront homes for sale
    • 26 single family homes for sale from $189,000 to $1,310,000 (median $479,900.)
    • 9 condominium for sale from $144,000 to $849,900 (median $479,900.)
  • Gilford
    • 1 waterfront homes for sale at $10,000,000
    • 24 single family homes for sale from $174,900 to $1,450,000 (median $549,500.)
    • 7 condominium for sale from $18,500 to $799,000 (median $244,900.)
  • Meredith
    • 3 waterfront homes for sale from $895,000 to $9,950,000
    • 17 single family homes for sale from $184,680 to $1,795,000 (median $595,000.)
    • 3 condominium for sale from $485,000 to $775,000.
  • Moultonborough
    • 9 waterfront homes for sale from $649,000 to $1,300,000
    • 12 single family homes for sale from $275,000 to $2,500,000 (median $479,500.)
    • 1 condominium for sale at $899,000.
  • Lake Winnipesaukee
    • 16 waterfront homes for sale $895,000 to $11,500,000 (median $1,350,000.)
  • Squam Lake
    • 2 waterfront homes for sale $1,299,000 to $2,100,000 (median $1,699,500.)
  • Lake Waukewan
    • 2 waterfront homes for sale $699,000 to $1,600,000 (median $1,149,500.)
  • Lake Kanasatka
    • 4 waterfront homes for sale $649,000 to $1,299,000 (median $825,000.)
  • Lake Opechee
    • 0 waterfront homes for sale.

With only 10 days left in August, we will soon be heading into our fall selling season. At Roche Realty Group, we have always experienced strong activity during this period. We would be happy to provide valuable insight for any of your real estate needs.

Frank Roche, President of Roche Realty Group, Inc. with offices in Meredith and Laconia, NH

This article was written by Frank Roche. Frank is president of Roche Realty Group with offices in Meredith and Laconia, NH, and can be reached at (603) 279-7046. Waterfront sales data was compiled by a NEREN map search on 08,11/2021 at 10:00 am EST and is subject to change. Please feel free to visit www.rocherealty.com to learn more about the Lakes Region and its real estate market.

Four Seasons Condominiums, located at 883 Weirs Boulevard and Paugus Bay.

5 Years of Sales Activity at Four Seasons Condominiums

When you navigate the shores of Lake Winnipesaukee and Paugus Bay, there are many water-access ...
Read More →
5 Years of Sales Activity at Paugus Bay Racquet Club

5 Years of Sales Activity at Paugus Bay Racquet Club

When you navigate the shores of Lake Winnipesaukee and Paugus Bay, there are many water-access ...
Read More →
Waldron Bay on Lake Winnisquam with 3,482 feet of shorefront.

Exclusive Waldron Bay Market Report: Is It Time to Cash In?

There are so many water-access communities in the Lakes Region to consider when looking for ...
Read More →
Winter Wonders in New Hampshire’s Lakes Region: A Season of Adventure and Tradition

Winter Wonders in New Hampshire’s Lakes Region: A Season of Adventure and Tradition

As snow covers the Lakes Region of New Hampshire, the area becomes a winter destination ...
Read More →
Balmoral – One of Winnipesaukee’s Original Water Access Communities

Balmoral – One of Winnipesaukee’s Original Water Access Communities

There are so many water-access communities in the Lakes Region that provide great memories. Let’s ...
Read More →
Four Years of Sales Activity at the Village of Winnipesaukee

Four Years of Sales Activity at the Village at Winnipesaukee

The Lakes Region of New Hampshire is known for its rural communities, quaint towns, scenic ...
Read More →
Suissevale on Lake Winnipesaukee – a Popular Community in Moultonborough

Suissevale on Lake Winnipesaukee – a Popular Community in Moultonborough

When you navigate the shores of Lake Winnipesaukee, there are 71 square miles of water ...
Read More →
Gunstock Acres in Gilford: 7 Years of Sales Activity

Gunstock Acres in Gilford: 7 Years of Sales Activity

We have so many interesting communities in the Lakes Region. Let’s take a look at ...
Read More →
Lakeside Setting at Long Bay and South Down Shores

Four Years of Sales Activity at South Down Shores and Long Bay

South Down Shores and Long Bay on Lake Winnipesaukee are two very popular water access ...
Read More →
Real Estate Goals: From Dream to Reality in 2025

Real Estate Goals: From Dream to Reality in 2025

As we approach the new year, it’s the perfect time to turn your real estate ...
Read More →
Wolfeboro New Hampshire Community Bandstand

New Hampshire’s Real Estate Data to Date

The excitement of the holiday season and Christmas approaching this week often comes from the ...
Read More →
Why Home Inspection by Licensed Home Inspectors are Critical

Why Home Inspections Are Critical

We have a competitive market here in the Lakes Region due to the lack of ...
Read More →
Lakes Region's Future: Balancing Natural Beauty and Urban Growth

Lakes Region’s Future: Balancing Natural Beauty and Urban Growth

When you drive around the Lakes Region, you will see a considerable amount of new ...
Read More →
12 Essential Winter Home Maintenance Tips for New Hampshire Homeowners

12 Winter Home Maintenance Must-Dos for New Hampshire

Winter in New Hampshire brings its unique set of challenges for homeowners. From freezing temperatures, ...
Read More →
Roche Realty Group Launches Toys for Tots Drive in Meredith

Roche Realty Group Launches Toys for Tots Drive in Meredith

Spreading Holiday Cheer in the Lakes Region! Roche Realty Group is happy to announce its ...
Read More →
Shop Local at Small Business Saturday in NH’s Lakes Region

Shop Local at Small Business Saturday in New Hampshire’s Lakes Region

We have so many things to be thankful for here in New Hampshire: plenty of ...
Read More →
Emily Brock Joins Roche Realty Group

Emily Brock Joins Roche Realty Group

MEREDITH – Frank Roche, President of Roche Realty Group, Inc, is pleased to announce that ...
Read More →
Inflated Asset Classes and the National Debt

Inflated Asset Classes and the National Debt

A question all of us get asked is have we gotten ahead of ourselves in ...
Read More →
Waterfront Home Sales Activity on 10 of our Lakes Region Area Lakes

Waterfront Home Sales Activity on 10 of our Area Lakes

Most of the leaves have fallen, and political signs are disappearing in the Lakes Region. ...
Read More →
Woman hiking at Artist's Bluff in autumn. View of Echo Lake. Fall colours in Franconia Notch State Park. White Mountain National Forest, New Hampshire, USA

New Hampshire Named Second Safest State in America

In recent years, the country has faced increasing public safety challenges and severe climate events. ...
Read More →
Lots Of Activities Left in The Lake’s Region heading towards the end of fall

Lots Of Activities Left in The Lake’s Region Before Winter Arrives

A burst of warm weather & the crisp air of autumn has extended our fall ...
Read More →
join us for a festive celebration at Twin Barns in Meredith on Sunday, October 20th starting at noon as we raise a glass to the release of the Official Beer of the NH Pumpkin Festival!

NH Pumpkin Festival’s Beer Release Party at Twin Barn in Meredith

The peak foliage and perfect fall weather is as good as it gets in the ...
Read More →
Wolfeboro Waterfront New Hampshire Lakes Region Market Update for 9 Months

Lakes Region Market Update for 9 Months

It’s Columbus Day weekend, with lots of visitors enjoying the fall spectacle of color. I ...
Read More →
The Evolution of the Lakes Region: Balancing Growth and Tranquility

The Evolution of the Lakes Region: Balancing Growth and Tranquility

The Lakes Region of New Hampshire, known for its picturesque landscapes, serene waters, and small-town ...
Read More →
Mountain Bliss: Hiking the Peaks of New Hampshire in Autumn

Mountain Bliss: Hiking the Peaks of New Hampshire in Autumn

This past Tuesday was a bright, sunny autumn day, and I had no appointments scheduled, ...
Read More →
Why Fall is the Perfect Time to Sell Your Home in the Lakes Region

Why Fall is the Perfect Time to Sell Your Home in the Lakes Region

The fall season in New Hampshire’s Lakes Region offers a unique and strategic opportunity for ...
Read More →
Important Fed Decision and The Fall Market in The Lakes Region

Important Fed Decision and The Fall Market in The Lakes Region

On Wednesday, we received the much-anticipated Federal Reserve decision to slash its key overnight borrowing ...
Read More →
New Hampshire Housing Market Trends Broadview Condos in Gilford, New Hampshire

New Hampshire Housing Market Trends

New Hampshire’s housing market has been hitting the national airwaves and the Granite State has ...
Read More →
Second Home Market in The Lakes Region

Second Home Market in The Lakes Region

While practicing real estate in the Lakes Region during the past 48 years, I’ve always ...
Read More →
Meredith, New Hampshire. As summer fades into fall, the Lakes Region bids farewell to another season of sun-soaked days and bustling activity.

Goodbye Summer, Hello Fall

This summer has been one for the books in the Lakes Region. The area saw ...
Read More →
Disadvantages of Lockboxes and Unassisted Showings

Disadvantages of Lockboxes and Unassisted Showings

I was talking with one of our agents the other day, and she showed a ...
Read More →
Price Drops and Hot Sales: Inside New Hampshire’s Housing Market

Price Drops and Hot Sales: Inside New Hampshire’s Housing Market

On August 10th, I was reading an article on SmartNews called “If you live in ...
Read More →
Lakes Region Market Update for 7 Months

Lakes Region Market Update for 7 Months

Summer has been flying by, so I researched the closed real estate market activity for ...
Read More →
New Restaurant Hotspots You Need to Visit in the Lakes Region

New Must-visit Restaurants in the Lakes Region

The restaurant industry is a driver of economic growth and an integral part of the ...
Read More →
New Hampshire Housing Trends and Forecast

New Hampshire Housing Trends and Forecast

The New Hampshire housing market in 2024 is marked by increasing home prices and a ...
Read More →
Significant Land Sales in New Hampshire

Significant Land Sales in New Hampshire

As the summer of 2024 unfolds, the New Hampshire real estate market has seen a ...
Read More →

Inventory Shortage Impacts New Hampshire Housing Affordability

Real estate prices have continued to accelerate in New Hampshire after we saw a historic ...
Read More →
New Hampshire Advantage and Lakes Region Accolades

The New Hampshire and Lakes Region Advantage

We had a great Fourth of July in the Lakes Region, where we celebrated our ...
Read More →
New Hampshire's Fourth of July and Real Estate Boom

New Hampshire’s Fourth of July and Real Estate Boom

The Summer season is off and running, and it’s time to break out those fireworks! ...
Read More →
Summer in the Lakes Region on Little Squam

Ready, Set, Summer in the Lakes Region!

As the rumble of motorcycle engines fades into the background, the Lakes Region of New ...
Read More →
Manchester, New Hampshire, USA Skyline on the Merrimack River at dusk.

New Hampshire Cities in Top Hottest Housing Markets

New Hampshire keeps showing up on the radar as one of the hottest housing markets ...
Read More →
South Down Shores & Long Bay: Real Estate Market Analysis

South Down Shores and Long Bay: Market Trends

South Down Shores and Long Bay on Lake Winnipesaukee are two very popular water access ...
Read More →
Lake House Dreaming: Steps to Make It a Reality

Lake House Dreaming: Make It a Reality

Owning a waterfront home in New Hampshire’s Lakes Region is a treasured experience. For many ...
Read More →
Memorial Day

Beyond the BBQ: A Symphony of Remembrance and Summer Joy in the NH Lakes Region

Memorial Day serves as the official kick-off to summer in the Lakes Region. Towns ready ...
Read More →
Welcome to New Hampshire's Lakes Region

Welcome to New Hampshire’s Lakes Region

New Hampshire’s Lakes Region is one of the most stunningly beautiful places in the United ...
Read More →
The Granite State: Top Spot for Relocation in 2024

The Granite State: Top Spot for Relocation in 2024

New Hampshire just garnered major recognition as the best state to relocate to in 2024 ...
Read More →
Real Estate Sales Insights: Lakes Region Market Update

Real Estate Sales Insights: Lakes Region Market Update

It’s hard to believe we’ve already churned through 4 months of 2024. I researched the ...
Read More →
Market Trends – Spring 2024

Market Trends – Spring 2024

As a Realtor®, I’m always paying attention to the real estate market. I’m often asked ...
Read More →
Temperance Tavern in Gilmanton Sold

The Historic Temperance Tavern in Gilmanton Sold

Gilmanton—According to Frank Roche of Roche Realty Group in Meredith, the historic Temperance Tavern in ...
Read More →
Needs and Wants When Buying a Home Balanced

Balancing Needs and Wants When Buying a Home

In the current housing market, where choices are often limited, and demand frequently outstrips supply, ...
Read More →

Leave a Comment