Lake Winnipesaukee and Winnisquam Waterfront Report – January, 2010
It is to be expected that showings and sales on waterfront properties in the Lakes Region of NH would be slower in the winter months than in the summer. We always see tire kickers, dreamers, and wanna-be’s in the summer months but we also get most of the buyers in the warmer months. But, the buyers that are out scouting and viewing homes during the winter are probably a little more serious. They are the ones that would like to buy now and be into their waterfront retreat by ice out so they can be there to enjoy the entire boating season. That would definitely be my plan!
In January 2010 there were six properties on Winnipesaukee that changed hands at an average sales price of $1.45 million. That may not seem like a lot, but in January 2009 there was only one sale for $700,000, in Jan. 2008 only four at an average $2.1 million, Jan. 2007 there were 10 at an average $1.14 million , four in Jan. 2006 at an average $1.2 million, and five in 2005 at an average of $1.93 million. Sales for this January came in at an average 85% of the asking price. There were also four more homes that went pending on the big lake as well as three others that are pending with contingencies.
The least expensive home sold on the lake in January was at 39 Gregson Lane in Moultonborough. This was a seasonal three bedroom, 900 square foot, 1960’s vintage cottage on a third acre with westerly views, 100 feet of waterfront, a sandy beach and U shaped dock. This home was listed at $679,000 and sold for $630,000 which was just about the town’s tax assessed value of $631,000.
The highest sale in January was at 66 Iroquois Lane in Moultonborough which sold for $2.25 million. This 5,500 square foot Adirondack style home had 12 rooms, 5 bedrooms, seven baths, a three car garage, and all the amenities and quality construction expected in this price range. The home was set on a fabulous 1.9 acre lot with 150 feet of frontage, H dock, and a sandy beach. I’m sure the buyer of this property is hoping for no more snow and an early spring!
Interestingly, there were no properties sold on Winnisquam, Squam, Waukewan, Kanasatka, or Newfound Lakes. In fact there were only four other waterfronts that did sell in Carroll and Belknap Counties, one each on Suncook, Opeeche, Pine River Pond, and Province Lake.
There are about 18 waterfront properties available on Winnisquam right now ranging from $274,900 up to $1.995 million. On Winnipesaukee you can choose from over 180 properties for as little as $199,900 all the way up to a mere $12.8 million for a nice little place down on Umbrella Point in Wolfeboro. I’d be happy to sell you either one or anything in between! Winnipesaukee truly has something for everyone
Click here to see details on all the sales on the lake: Waterfronts sold Jan 2010 pdf
