February 2022 Lakes Region Statistical Report
When comparing January of 2021 and 2022, for sold listings the difference was only one less in 2022 but for new listings there was a significant difference. Only 2 new listings came on the marketing in Alton in January of this year compared to 11 of 2022. This proves inventory continues to remain low- more buyers than there are homes for sale!
The median sales price jumped as did the total sold volume and list to sale price ratio. Alton was one of the 6 towns in this report to see list to sale price ratios over 100%, meaning homes are selling for more than they were listed for.
Nothing really new for the small town of Center Harbor, just 1 listing sold in January just as it did in 2021. One new listings, same as 2021.
Surprisingly, the list to sale price ratio decreased when comparing January 2021 to 2022 from 95.12% to 91.27%. On the other hand, a decrease we love to see is the average days on marketing that decreased from 46 days to just 14. This was the lowest days on market averages for towns in this report.
In Gilford, 7 properties closed in January and 8 new came on the market. The list to sale price ratio was one of the highest, behind Moultonborough, for a 101.17% total.
The median sales price increased by $45k comparing January 2021 to 2022 and the volume sold increased over $1.5 million.
Laconia saw the most sold listings for all the towns in this report with a total of 17 sold. Of those 17, we had the luxury of representing the buyers of 217 Messer St that closed for $250,000 and 189 Gilford Ave that closed for $255,000!
In 2nd place for the highest list to sale price ratio, Laconia ended January with 101.11%- .4% lower than January 2021.
A total of 3 new listings came on the market in January in Meredith and 6 sold. The sold properties brought the list to sales price ratio to 100.2%, a jump compared to 97.89% in January 2021.
Both the median sales price and the volume sold both increased from January 2021 to January 2022. A $300k increase in median sales price and over $844k in sold listings.
Of the 8 closings in Moultonborough last month, we were thrilled to be a part of 4 of them- 1 of which we represented both the buyers and sellers.
We represented the sellers of 85 & 88 West Point Rd which was under agreement in just 6 days and sold for $650k over asking price at $5.4M!
4 listings sold in Tuftonboro in January and 8 new listings came on the market. Of the 4 that closed, we had the luxury of representing the sellers of 16 Vere Royce Rd that closed for $752,500 and was under agreement in just 6 days!
Check out Ridge Field Corner- Tuftonboro's newest subdivision with 23 available lots home to luxury to-be-built homes!
Our Current Tuftonboro Inventory:
In Wolfeboro, a total of 5 listings closed in January and just 2 new came on the market. The volume sold more than doubled comparing January 2021 to January 2022 with a total of $5.2m in sales this year.