The numbers say it all, and It should be obvious to anyone that the real estate market is showing signs of recovery...well you may be thinking thank you Captain obvious! But think again second home sales are the first to slow and the last to recover...and here at Loon Mountain ski resort, we are seeing that recovery. The number of Condos on the market, the number of days the average property spends on the market and the selling prices on similar style places have all gotten better for the sellers in this market place. South Peak - Riverside Terrace Condos...have done just that.
Alpine Lakes Real Estate has sold 3 of the 4 sales in this project so far this year...mind you there are only 40 condos here , so that is a 10% turn over. More to the point the first unit was conveyed at $385,000 in March , the Next was $415,000 in May...the end of October brought a $425,000 sale. This is a $40,000 increase in less than a year...and now we are seriously lacking inventory to sell.
Further evidence of an improving market and tightening inventory can be seen in the number of inquiries regarding land in the resort area. When existing homes and condos can meet the needs new constructions begins to emerge from the sleeping dog status.
One of the recently completed homes slope side at South Peak on Loon Mountain in Lincoln NH.
The market for second home ski resort properties is making a strong recovery...this year will be the best in terms of numbers, prices and shorter days on the market in the past 5 years.
Give me a call if you need a professional Realtor to help you buy or sell a place in the White Mountains of New Hampshire. I'll be happy to give you a market analysis for what you can buy or sell in the areas covered by our two offices at Loon and Waterville Valley ski resorts.