Welcome to our Monday morning weekly real estate market report for the NH White Mountain area. This data covers the greater North Conway New Hampshire Real Estate market area of Carroll County and 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 - August 17th to August 23rd, 2008
New Listings: 73
Prior Listings Back on Market: 20
Sales Pending: 17
Withdrawn Listings: 30
SOLD Listings: 28
Average Sold amount: $274,500
Median Sold amount: $140,600
Days on the market (average): 153
The sales are still consistent for the North Conway NH area...no major swings up or down for the 4th week in a row.
Because there IS so much "spin" out there regarding real estate sales in general I can understand why most of the public is wary of any positive real estate reports. I don't blame them at all. The nightly news certainly keeps reminding us that the real estate market is in dire straights but as the old saying goes" All real estate is local".
We aren't "flying as high" as we were a few years ago but I think we all knew that wasn't going to last--nor should it. But this area truly is much more "insulated" than most due to our heavy tourism industry and the second home/vacation home market. Most tourism areas have one or maybe two seasons...the ocean communities obviously have the summer season and the Colorado mountain communities primarily have the winter season. Here in the Mt. Washington Valley we have the winter season with all our area ski resorts, the fall season with the White Mt. fall foliage and the summer season with all the camping/hiking/boating in the White's. The chamber in town uses the phrase, " Every Season a Reason to Return" and that is actually quite true.
So, not spinning here but I think it is fair to say your investment in the North Conway NH area is more stable than most areas.
Oh, and did I mention it is also gorgeous place to live too? ;) Browse the homes for sale in North Conway and let us call you 'neighbor' !