Lakes Region of NH Real Estate Market Report -4/3/08
The Most Livable State
As of April 1, 2008 the total number of residential homes on the market for the towns listed in our Lakes Region of NH Real Estate Market Report stands at 898 listings. The total is inching back up from a low of 778 listings in January. The average list price is moving up as well from $522,535 in January to $556,521 as of April 1 as more of the higher priced listings find their way back into the market.
Last week NH was named the Most Livable State in the nation for the fifth year in a row by the Washington based CQ Press. The week prior, the CQ Press also named NH as the Safest State in the nation. This may be a little bit of old news by now, but it is still worthy of repeating. It really is a pretty big deal. The news is also very meaningful relative to our struggling housing market. Many of us locals tend to take our beautiful state for granted every now and then. And we might question the wisdom of being designated the Most Livable State considering we are at the tail end of a record setting winter that seemingly will never end. But these awards are representative of the very reason why so many people want to visit, vacation, and live here. And because so many people find our little state such a great place to live, our real estate market will recover more quickly and be stronger than the markets in other parts of the country. People want to live where there is a superior quality of life and where they can feel safe. NH epitomizes those attributes. The Most Livable State award is based on a list of 44 factors including median household income, crime rates, health, business tax climate, employment opportunities, environment, education, and believe it or not the number of sunny days! In my estimation, for NH to get this award we must have scored extremely high in all the other categories because we sure didn’t have many sunny days this winter! All I saw this winter was white outs, snow banks, and the back end of my snow blower!
Residential Homes Available as of April 1, 2008
| TOWN | TOTAL | < 100K | 100 to 200K | 200 to 300K | 300 to 400K | > 400K | AVG LIST PRICE | MEDIAN PRICE | AVG DOM |
|---|---|---|---|---|---|---|---|---|---|
| ALTON | 105 | 0 | 12 | 35 | 21 | 37 | $593,771 | $349,900 | 170 |
| BARNS. | 71 | 1 | 26 | 30 | 10 | 4 | $246,759 | $229,900 | 189 |
| BELMONT | 51 | 1 | 12 | 19 | 10 | 9 | $303,784 | $274,900 | 147 |
| CENTER HARBOR | 9 | 0 | 0 | 1 | 3 | 5 | $996,867 | $499,000 | 291 |
| GILFORD | 128 | 2 | 12 | 26 | 19 | 69 | $781,022 | $459,000 | 213 |
| GILMAN. | 51 | 2 | 11 | 21 | 6 | 11 | $306,316 | $259,900 | 231 |
| LACONIA | 167 | 3 | 41 | 48 | 22 | 53 | $421,301 | $275,000 | 215 |
| MERE. | 97 | 1 | 6 | 16 | 24 | 50 | $753,858 | $439,000 | 228 |
| MOULT. | 130 | 2 | 15 | 29 | 27 | 57 | $830,680 | $349,900 | 191 |
| NEW HAMPT. | 21 | 0 | 6 | 6 | 1 | 8 | $329,046 | $249,500 | 172 |
| SANBTN | 35 | 0 | 5 | 15 | 8 | 7 | $353,571 | $269,900 | 175 |
| TILTON | 33 | 2 | 13 | 10 | 3 | 5 | $275,076 | $229,900 | 241 |
| TOTALS | 898 | 14 | 159 | 256 | 154 | 315 | $556,521 | $319,400 | 201 |
Towns of Alton, Barnstead, Belmont, Center Harbor, Gilford, Gilmanton, Laconia, Meredith, Moultonborough, New Hampton, Sanbornton, and Tilton
