Let’s review what has happen over the past 10 years from 2009 to 2019. Steve Loynd, Alpine Lakes Real Estate Inc., The Managing Broker in our Lincoln New Hampshire office has reviewed and analyzed the last 10 years market conditions. In 2009 there were 73 unites (single family and condominiums) that closed. The average asking price was $250,000.00 with 273 average DOM (days on market) and an average ask to close ratio of 90% equating to $226,000.00 closing average price.
Jumping to 2019 the units closed were 147 with an average asking price of $307,216.00. The average DOM was significantly reduced to 94. Average close price also closed the gap with a ratio of 96.3% of ask to closing with an average price of $295,867.00.
The neighborhoodscout.com site is showing Lincoln New Hampshire’s home value trend increased 27.51% between 2009 and 2019. The 2018 to 2019 trend showed a 5.28% appreciation and the projected appreciation for the years of 2018 to 2022 will be 22.23%.
New Hampshire homeowners will continue to reap the rewards of this Sellers’ market and based on the projected appreciation value through 2022, Lincoln New Hampshire will be a Seller’s Market for a time yet. Regardless of the real estate market appreciation Realtors throughout the state of New Hampshire are all saying the same thing; we have more buyers than inventory to satisfy the demands of the current buyer.
Alpine Lakes has been marketing properties and following the real estate trends for over 30 years. With prices up, days on market shorter, and asking price to close selling price gap shorting, there may be no better time to sell. Give our office a call, our realtors will be more than happy to provide a site-specific evaluation.
Note: data compiled through the Lakes Region Board of Realtors, as well as neighborhoodscout.com. Units sold do not include private sales, land sales or time share sales. Alpine Lakes Real Estate Inc is a member of The National Board, state board and local Board or Relators.