Despite economic stumble, luxury real estate market remains solid
By ADAM DRAPCHO
THE LACONIA DAILY SUN
A sunset over a beach in Laconia. For people quarantined in Boston or New York, real estate in the Lakes Region is looking more appealing than ever, according to local real estate agents. (Courtesy photo)
For a professional couple at or near retirement age who own an apartment in Manhattan, or a family stuck in a Boston home as they watch through social media as their neighbors ride out a quarantine at their lakehouse, the prospect of owning a weekend or vacation home in the Lakes Region seems at least as good as ever.
Those, combined with low inventory, are some of the reasons why prices in the local real estate market have held steady, even during a time of historic unemployment due to the COVID-19 pandemic. And that spike in interest is occurring when real estate professionals now have more tools at their disposal to show homes and meet with clients in a virtual capacity.
Real estate agents said that prices are being buoyed by a lack of inventory, which predated the coronavirus by months and has continued into the spring selling season.
Read the full article.
These articles are being shared by partners in The Granite State News Collaborative. For more information visit collaborativenh.org.