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