March 2021 Lakes Region Statistical Report
Though we continue to see a lack of inventory, Alton saw more listing close in February of this year than last but not by much, only 3 more. The same number of new listings hit the market in 2021 and 2020. The list to sell ratio decreased by 2.37% when comparing Februarys but overall, Alton saw a 1.5% increase YTD. The median sales price and volume sold continues to beat out last year, no surprise there!
February was static for Center Harbor with no new listings or sold listings. The lack of inventory continues to be an issue, we need more houses!
Our listing at 239 Whittier Hwy in Center Harbor is expected to close in May and was under agreement in less than a month.
Our Current Center Harbor Inventory:
In February, out of all of the towns surrounding Lake Winnipesaukee, Gilford had one of the most sold listings, new listings along with one of the lowest days on market averages and highest list to sell price ratios! In all categories except from volume sold, Gilford saw improvements in numbers with more sold and new listings than 2020, houses selling for more on average than 2020 and much faster!
Last month Laconia had the most new AND sold listings out of all the towns that surround Lake Winnipesaukee with 10 sold listings and 13 new. Despite having the most sold and new listings, Laconia had one of the highest days on market averages with 82 days, just 3 days less than Meredith.
Our Current Laconia Inventory:
Almost perfect list to sell ratio in Meredith meaning almost every house that closed in February sold for asking price! Meredith ended the month with a 99.62% sale price ratio bringing their YTD to 98.47%. Though Meredith had a great list to sell ratio, there were only 4 sold listings last month and 5 new that came on the market.
We are thrilled that out of the 5 sold listings in Moultonborough last month, ALL FIVE were represented by our team at Lake Life Realty! We represented the buyers on 4 and the seller on the last transaction. 🔥Our listing at 86 Skyline Dr was under contract in just FIVE days and sold for FULL ASKING PRICE!!
In Tuftonboro last month, EVERY SINGLE property that closed sold for MORE than asking price! 💥 The final list to sale price ratio in Tuftonboro last month was 101.49%. The market is one fire!
Only 3 new listings came on the market and 5 sold, this is a prime example of the lack of inventory we are currently see. There are more buyers than homes to buy making for a competitive market with multiple offers.
7 homes in Wolfeboro closed last month while only 4 new listings came on the market. The average days on market was 58 days, slightly less than February of 2020 bringing 2021 YTD days on market average to 39 days, significantly less than 2020.
The volume sold and media sales prices continues to rise when comparing 2020 to 2021.