Wow, 2014 is really here! Most people start the New Year with a fresh perspective. It's a new beginning, so to speak, and a time to put the past behind you and move forward. New Year's resolutions are made and sometimes that includes purchasing a new home which is good for all of us in the real estate business. It is also a time to pause and reflect on things that have happened over the past year and a time to put together a plan for the coming year.
Looking forward at possible real estate trends in 2014, the only real question is whether or not high end redneck real estate will really take off or if it will be a short lived fad. Fueled by the recent Duck Dynasty debate, inquiries for high end redneck real estate have been pouring into to our office and jamming the phone lines. Getting through to us has at times been like trying to sign up for health care, but our website has never faltered or been down.
Now you may ask yourself, what exactly is "high end redneck real estate?" Well, if you watch Duck Dynasty at all, you will note that Phil and Kay's digs are pretty nice but really not spectacular. The key element for redneck real estate is the availability of, and access to, redneck activities. It's a lifestyle, so to speak, and it spans all socioeconomic levels. Redneck lifestyle activities can vary from state to state and within the different price levels of redneck real estate. For example, down in Louisiana you have more swamp related activities such as gator or hog hunting whereas in New England we would lean toward ice fishing and deer hunting. But there are also some commonalities, like the popularity of playing corn hole or horseshoes that cross all economic and regional boundaries.
The high end redneck real estate buyer looks for properties where they can take the redneck lifestyle up a notch or two. They want not only a place to play corn hole, but demand things like a fire pit, water access for bass fishing and water sports, access to ATV trails, at least a three car garage, a storage area for hunting and fishing equipment, and a man cave. The Lakes Region of NH is a virtual redneck paradise. You can step outside your front door and be on a deer run usually within ten minutes. The great outdoors is, well, right outdoors. What redneck would not die to have a boat on one of our many lakes? Plus we have that additional ice and snow bonus which propels many rednecks into snowmobile heaven.
So, I think it's pretty safe to say with the enormous availability of redneck related activities in the Lakes Region that this real estate boom is here to stay. With that said, I am working on a plan to capitalize on this trend and capture my share of the redneck real estate market in the coming New Year. I have been working very closely with the fellows at Duck Dynasty and I have decided to provide a Duck Commander duck call to the owner of each new listing I get that meets my redneck living criteria! Homeowners will be encouraged to use the call, especially on the weekends, to attract like minded buyers. Any ducks they attract will be considered a bonus. My only question for you, is will you answer the call?? After all, there is a little redneck in all of us.
As Phil Robertson would say, Have a Happy, Happy, Happy New Year.
As of January 1, 2014 there were only 749 single family residential homes listed in the Lakes Region communities covered in this report. I say only, because the inventory level seems to be coming down. The current level represents about a 10 month supply of homes compared to an 11.3 months supply on January 1, 2013 and a 14.5 month supply on January 1, 2012. The inventory level still needs to drop some more to create a healthier market, but at least we are headed in the right direction. There will be a surge of listings that have expired coming back on the market later this month and I would expect some reduced prices as well.
Please feel free to visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and comment on this article and others. Data was compiled using the Northern New England Real Estate MLS System as of 1/1/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.