Wednesday, May 10, 2006

NH Sellers Set Sights Lower

It's mud season parts of New Hampshire, but that's not the reason vacation real estate prices are getting a bit squishy. Agents,"rather than seeing a bursting bubble" see it "as a little air being let out of a balloon,"according to the UnionLeader.com . Bristol realtor Alan DeStefano, who is VP of the Lakes Region Board of Realtors, said sellers are coming to a "more realistic" prices. In one case, the asking price of a property that had been listed two years ago after a big jump in value was lowered by a full 10%. What about those rosy projections the past three years of a 36 % hike in values? The site says sellers are thinking more now about 6 %.

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