This is the first of what will be regular Monday morning weekly real estate market reports for the White Mountain area. Each Monday I will be posting the northern New England Real Estate Network's statistics for the prior week. This data covers the greater North Conway NH area of Carroll County and into western Maine (Oxford county).
If you are looking to buy a home or if you are an investor you will find this information helpful to you. If you would like more specific information or more historical data please contact me with your request and I will send you the information.
NH Real Estate Report - July 27th to August 2, 2008 Carroll County, NH and Oxford County, Maine
New Listings: 82
Prior Listings Back on Market: 29
Sales Pending : 31
Withdrawn Listings: 11
SOLD Listings: 29
Average Sold amount: $252,667
Median Sold amount: $220,00
Days on the market (average): 174
In 2007 for the same time period 39 homes were sold (compared to 29 this year) and in 2006, 43 homes were sold for the same time period. Are things slower this year? Of course, but is it at the crisis stage that the media loves to preach? Absolutely not. The North Conway real estate market is handling things well considering some of the more affected areas in the country. We are fortunate because we are somewhat 'insulated' from typical market changes due to the fact that we are a tourism area and we offer a lifestyle with our White Mountain living that makes us a desirable location. 'They aren't making any more mountains', so we are fortunate to have this incredible "amenity" in our real estate market.
So, 29 homes sold in just one week in the North Conway area of the White Mountains....no housing crisis here.