Loon Area Market Report, Lincoln & Woodstock Sales 2008 Vs. 2009

Despite the groans of the slow market, and repeated claims that its a worse market than last year...lets take a look at actual numbers.

All Closed sales in the first 3/4 of the year (January 1st- September 30th 2008)

Land sales: 9 closed sites, Asking price 193,200 - Selling Price 175,800 ( 91% ratio) Day on market 262.

Home sales 6 closed average asking price $387,400 - Average selling $351,800 ( 91% ratio) DOM 319

Condominiums 49 closed, average asking $250,800 - Average selling $235,600 (94% ratio) DOM 202

Condominium sales fared well in the market as the best of the asking price to selling price ratio, and the shortest number of days on the market compared to the other two categories. Total sale first 9 months of 2008 for all real estate in Lincoln & Woodstock 64 units sold (compiled by Realtor transactions).

All Closed sales in the first 3/4 of the year (January 1st - September 30th 2009)

Land sales: 5 closed sites, asking price 188,300 Selling price $171,000 (91 % ratio) days on market 104

Home Sales: 10 closed Average asking $167,200 Average selling $155,800 ( 93%) days on market 193

Condominium sales: 42 closed, asking $222,300 average selling price $205,400 (92% ratio) DOM210

Selling prices were down considerable in the homes sector, but with twice as many single family homes sold over the prior years number, and total sales for all units counted as Realtor transactions 57.

I do believe the bright spot will still come before the end of the year, with a few sales closed and pending for the final quarter of 2009...in the higher end of the price range.


This home closed two weeks ago in the Landings project here in Lincoln NH for the price of $1,850,000. Several other sales are pending over $500,000 and three new homes are under construction at south peak resort in Lincoln...slope side at Loon Mountain with price tags all over $1,500,000.



South Mountain Pemi Base Camp....nearby several new custom homes are currently being built.

The Conclusion is the low end is selling with less days on the market , the high end is moving, and the middle of the market have more competition...so buyers seem to be under little pressure to make a buying decision.

Your White Mountain New Hampshire Real Estate Expert
steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898
MLS search and Realtor web site: www.alpinelakes.com

Loon Mountain - Lincoln NH - Major Price reduction - just before Ski Season!!

2009... has not been my worst year in the real estate business since I began my career 26 years ago. Needless to say its not my best... record setting... I'm going to retire young year, either. One Thing that separates the going through the motions agents from the get-er-done agents is making the call...when the news isn't good. Its time for a price reduction, is not normally on the top on your FUN THINGS to do list. I only get paid when the sale closes, why keep a listing that can't sell at the current price. What have you done to manage your clients expectations -LATELY- ? I provide stats monthly, and ask for an appropriate price reduction when its called for. The proof is in the sale... success that comes after a price reduction often comes shortly after the move. If that is not the case there is something else wrong with the subject property... and that too is my job to figure it out (and will be answered in future posts -Subscribe to my blog and get the answers).

Three big price reductions make these just right!



This Waterfront home site at Loon's South Peak Resort, offer ski to your door access and river frontage (also has town water, and sewer to the site). The last sale of a comparable site closed at $425,000 30 days ago... this site was listed at $449,900, Now offered at $399,900 $50,000 price reduction on land before the snow flies... this will get sold and both parties will be happy.



The Lodge at Lincoln Station...on the shores of the Pemi River, views of the slopes, on-site amenities and rental desk for income and management... Wonderful Riverfront two level penthouse not showing much interest in the current market... a $20,000 price reduction was in order, seller agrees its time for them to move on the current asking price of 179,900 NOW!$159,900 fully furnished and ready to enjoy.



Deer Park Resort... Only 3 listings out of the 300 condos, there is no glut here and the families that call this resort home rarely leave. But a summer of showings and no real offers, require a $10,000 price reduction... New Asking price $209,900 (2 bed / 3bath townhouse) best amenities in the area...

Save some green on these priced right listings.

• South Mountain Home site MLS# 2748300
• Lodge at Lincoln Station MLS#2748305
• Deer Park Town house MLS# 2751898

Go to My Web site; www.alpinelakes.com & Search by MLS#

Buyers its time to make your deal, and agents its time to call your seller's and get your listings priced at current market values...If you couldn't sell it yesterday...its time to price it for today!

Steve Loynd-Your-White Mountain New Hampshire real Estate Expert

steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898
MLS search and Realtor web site: www.alpinelakes.com