There were 868 single-family residential homes listed for sale as of Sept. 1, 1,008 in the Belknap County communities plus Moultonborough, Tuftonboro, and Wolfeboro. The average asking price was $695,562 and the much-more-palatable median price was $349,999. This inventory level represents a seven-month supply of homes on the market.
The Lakes Region Professional Porch Sitters Chapter 603 met for its annual Labor Day Porch Sitting Invitational at the home of Megan Bowman. She is one of those Millennial Real Estate agents who is great at digital online marketing and communications. She writes and speaks fluently in text abbreviations, making her an ideal agent to work with younger buyers and sellers that prefer to communicate though non-verbal methods. Verbal communications among this group of consumers is rare and, to the untrained ear, mostly ambiguous.
Little Stevie Prestone, Dirk Davenport, Rollie Rollins, Bubba Gunther, and Travis D. Coletrain and I arrived at her porch at the appointed time. Another Millennial Real Estate Agent, Ainsley Grantham, was already there and deep into a real estate discussion about a failed septic system, radon remediation, and what kind of paint Ainsley should use on a project. Sometimes the millennial text acronyms battled with our everyday real estate acronyms providing a bit of a jumbled dialog.
“You can use LOL, but not OOL,” Megan was telling Ainsley. Looking confused, Ainsley replied, “What the heck are you talking about? You can Laugh Out Loud, but you are not Out Of Luck?”
“No, no, you can use Latex Over Latex but not Oil Over Latex,” Megan clarified. She watches a lot of HGTV.
Megan greeted us and started to show us around her home. “This is our EIK with SS appliances, here’s the LR with Cath clg and FFgas, here’s the FDR, and we have a FM RM for the FAM down in the LLW/O. The MSTR is over here and there are two BR’s down that way.”
She abruptly turned to Bubba and said “You wanna see the FROG?” To which Bubba said, “See the what?” And Megan goes, “My FROG … the Finished Room is Over My Garage!”
On our way back down to the SCRND PRCH, Ainsley points and says “ICYMI, there’s the HB.” To which Dirk responds, “ICBMs?” “No, No, Dirk!” Ainsley responds, “In Case You Missed It, there’s the bathroom!”
We took our seats on the SCRND PRCH which overlooked the YD and provided long distance MTN views. Rollie helped Ainsley and Megan get some Porch Crawler Beverages … now known as PCBs (not the toxic kind) … and we opened the meeting with a discussion about Labor Day.
Travis enlightened us to the history of the establishment of Labor Day and how it was intended to celebrate American workers. It has now morphed into a three-day holiday weekend marking the end of the summer season in the Lakes Region and the retreat of the hoards of vacationers (and home-buyers) back down I-93. That means real estate does slow down a bit this time of year! Megan was amazed that the holiday has nothing to do with childbirth.
“But, FWIW,” he continued, “as that old Buffalo Springfield song goes, there is something happening here … we can get back to normal and work the EXP and FSBO listings. We can work on our DM campaigns and update our CRM programs. We can improve our HDR skills. We can get our CBR or GRI certification! There is no end to the acronyms we can exploit!”
“SMN!” yells Little Stevie Prestone.
“OMG, what does that mean?” asked Ainsley.
“Shoot Me Now, I think?” I replied.
And, just for the non-agents reading this: EXP = Expired Listings, FSBO= For Sale By Owner Listings, DM= Direct Mail, CRM= Customer Relationship Management, HDR= High Dynamic Range Photography, CBR= Certified Buyer Representative, and GRI= Graduate, Realtor® Institute. TGIF….
Visit www.DistinctiveHomes.NH.com to learn more about the Lakes Region real estate market and sign up for the monthly newsletter. Data compiled using the NEREN MLS. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty. Contact him at 603-677-7012.