Meredith, NH | call: 603-677-8420

 

Lakes Region Real Estate News

MLS Property Search

Popular Searches

Winnipesaukee and Winnisquam Waterfront Sales Report – May 2011

Friday, June 10th, 2011

There were just four sales on Lake Winnipesaukee in May 2011 but that does equal last May’s tally although the average sales price was lower at just $1.053 million compared to an average of $1.727 last May. Last May there were three sales over a million, one of which came in at $3.9 million helping to boost that average.

The least expensive sale on Winnipesaukee last month was at 20 Railroad Ave in Alton. This is an updated two bedroom, 744 square foot seasonal camp sitting on a .16 acre lot with 40’ of waterfront. The big selling feature here is that this small cottage has really big, panoramic views from the large deck. This lakeside retreat was listed at $429,000, reduced to $389,000, and sold for $355,000 after 266 days on the market. The current tax assessment for is Alton waterfront is $401,500.

Another completely renovated waterfront home at 177 Kingswood Road in Wolfeboro also attracted a new buyer. This 1980 vintage, 3,400 square foot, three bedroom, five bath contemporary home was put on a new foundation and stripped right down to the studs. The only thing reused were the beautiful fir floors. Everything else is new-inside and out. The home features a custom kitchen with beautiful cabinetry, granite countertops and stainless steel appliances, a lakeside living room with gas fireplace, a family room in the walk out basement, and three bedrooms all with private baths. The home sits on a level one acre lot with southern exposure and gorgeous views. There is 119’ of frontage, a sandy beach, and a forty foot dock for the new owners to enjoy now that summer is finally here. This home was on the market for 305 days starting at a list price of $1.995 million, with several price reductions down to $1.595, with an offer accepted at $1.47 million. The current tax assessment for this property is $1.352 million.

The largest sale for the month was at 112 Hopewell Road in Alton. This is a 3,192 square foot, four bedroom, three bath, classic lake home with a large wrap-around porch that is perfect for telling tales on. The home was built in 1999 on a 2.18 acre lot on Roberts Cove that offers great privacy, westerly views, stunning sunsets, 296’ of frontage, plus a U-shaped dock with breakwater. The tale of the sale on this home is a long one. It was first offered in December 2005 at $3.9 million, in October 2006 for $2.995 million, in 2008 for $3.1 mil, and in 2010 for $1.6 as a short sale. This year it was listed for $1.595 million and found a buyer at $1.5 mil after 168 days. The listing doesn’t say that it was a short sale, but the fact that it was under contract for only 39 days before closing would mean that it wasn’t. It probably just felt that way to the seller…The property is current assessed at $1,46,200.

Over on Winnisquam there were five sales which is actually a banner month for this lake! That puts the tally for the first five months up to fifteen sales compared to ten for the same period last year. Three of the five sales occurred on Leighton Ave in Laconia which is a little unusual. The largest sale was at 140 Leighton Ave North in Laconia. This Japanese influenced contemporary home built in 1980 has 1,580 square feet of living space, three bedrooms, two baths, a massive stone fireplace in the living room, a sauna, and a newly remodeled kitchen with granite countertops, cherry cabinets, and Jenn–Air appliances. The home literally is on the water as the decks actually overhang the lake. You can imagine how great the views are! The house sits on a .85 acre lot with 369 feet of frontage. There is even a Japanese Tea House straddling a babbling brook that is accessed by a small bridge. Kind of makes you want to watch a rerun of Karate Kid. It was a bit of a struggle to get this property sold. It was listed originally in 2009 and 2010 at $799,000 and at $749,900 this year. It was reduced to $649,000 with a deal accepted at $605,000 after a total of 977 days on the market. The current tax assessment on this property is $645,200. I bet the former owner was happy to finally say “Sayōnara” to this one…

Right now there are about 275 waterfront properties available on Winnipesaukee and 27  on Winnisquam from as little as $189,000 to just over $10 million with lots of deals in between. Maybe you can find your own great deal on the water this summer!

Follow roysanborn on Twitter

 report button

Winnipesaukee 8, Winnisquam 0 — Waterfront Sales Report – April 2011

Wednesday, May 11th, 2011

There were eight waterfront sales on Lake Winnipesaukee last month at an average price of $988,000. That compares to ten sales last April at an average price of $1,057,900. There were three sales over the $1 million mark both this April and last. It seems to me that the waterfront market is hanging in there and we are seeing good activity on showing as we work our way into the spring season. Now if the sun would come out for a week and it would warm up we’d be in great shape.

The least expensive waterfront sold was an island property at 14 Pine Island  in Meredith. This is a six room, three bedroom, A-Frame style home that has a knotty pine interior, living room with a fieldstone fireplace, master bedroom in the loft, and a large deck. The home sits on a 2 acre lot with 215 feet of sandy bottom frontage and a 30’ dock. It looks like a really cute place! It was listed for $320,000 and sold for $300,000 after 175 days on the market. The property is currently assessed for $373,400. It must have been a cold snowmobile trip to go out and look at this one back in February, but what the heck, they got a good deal!

Over in Laconia, the waterfront at 178-194 Channel Lane finally found a buyer. This is a 4,833 square foot, five bedroom (four suites), six bath immaculate contemporary home built in 1968 along with a two bedroom guest cottage that has a phenomenal view down Paugus Bay. Located at the very end of Channel Lane, this home has great privacy, 581’ of shorefront on two lots of record, a two bay boathouse with boat lifts, and an amazing yard with beautiful landscaping. It also has a workshop that Bob Villa would love, an elevator, and a three car garage plus another garage for the yard equipment. If this house doesn’t have it, you don’t need it. But it was a struggle getting this property sold. It was originally listed back in November, 2007 for $2.3 million, was reduced several times down to $1.795 million, and finally sold for $1.3 million after a total of 1,216 days on the market. The current assessment on the property is $1,454,400.

The largest sale for the month was at 129 Dockham Shore Road in Gilford. This is a 6,000 square foot, four bedroom, five bath, custom showcase model home built by Graystone Builders. It has 180 degree views of Winnipesaukee and the mountains beyond. This fabulous Adirondack home has all the bells and whistles including custom cherry cabinetry, stainless steel appliances, granite countertops, Douglas fir moldings, trim and doors, mahogany floors, Pella triple glazed windows, large deck, a professional landscaped yard, and three car garage. The home sits on a .48 acre lot with 103 feet of frontage. The home was originally listed back in January 2009 for $2.395 million, was relisted at $1.999 million, and sold at full price after a total of 780 days on the market. The current tax assessment stands at $1,223,520.

There were no waterfront sales on Winnisquam or Squam in April which is a little disappointing especially if you have a home listed on one of these great lakes, but the season is young. It’s kind of like watching the Red Sox.

  

Follow roysanborn on Twitter

report button

Winnipesaukee, Winnisquam, & Squam Lake 2011 1st Q Sales Report

Thursday, April 14th, 2011

Despite the relentless winter, there were six waterfront sales on Lake Winnipesaukee in March of 2010 at an average price of $986,667. There were two sales in excess of $1 million. Last March there were seven sales at an average of $1.1 million with the average price bolstered by a $4.25 million sale in Wolfeboro. The tally for the first quarter of this year stands at 17 sales which is equal to the first quarter of last year although the average sales price is down from $1.9 million to $857,471. There were only three sales over $1 million this year so far compared to eight for the first quarter of last year.

The least expensive property sold on the big lake was in Meredith at 7 Stonedam Island Road. This was a bank owned contemporary built in 2005. It has 2,880 square feet of living space, three bedrooms, three baths, and a great room with cathedral ceilings and lots of glass looking out at Sally’s Gut (I am not referring to former owner’s wife—that’s part of the lake). The home sits on a .48 acre lot with 143’ of frontage. The property was offered at $664,900 and quickly went under agreement in 31 days for $670,000. The current tax assessment on the property was an even $1 million leading me to believe that the new buyer must have been dancing around the closing table.

Over in Alton, at 42 Tranquility Lane, a nice 4,400 square foot Adirondack home built in 1997 also found a new owner. This home was constructed utilizing vintage materials from an old mill and summer camps. It features five bedrooms including a first floor master, four baths, cathedral and wood beam ceilings, additional living space and kitchen on the lower level, great views down the broads, and wonderful sunsets from the huge porches. The home sits on a manicured .60 acre lot with 147’ of shorefront with a breakwater and dock. This property was originally listed in July of 2008 for $1.777 million, relisted in 2010 at $1.499 million, reduced to $1.299 million, and finally sold for $1.075 million. The current tax assessed value was $1.317 million.

The highest sale of the month was at 88 Powers Road in Meredith. This turn of the century lodge style home was built in 1900 and sits literally on the water’s edge.  Ah, what you could do back then! This rather small and cozy, 8,100 square foot home has eight bedrooms, five baths, exposed wood beams and cathedral ceilings, massive stone fireplaces, a great wrap-around porch, and wonderful lake views. The 3.6 acre lot has 200 feet of frontage, manicured lawns, and a nice sandy beach. There’s also a five car garage for your “flivers” and a two bay boathouse to keep the woody in. Now this 110 year old home is pretty remarkable, but it only took the last 10 years of its grand life to find that elusive new buyer. It was originally listed (at least according to the MLS) way back in 2000 at a cool $6 million. It has been listed continually every year since at different price points as high as $6.7 million in 2007. The most recent listing price was $2.495 million which enticed a buyer to make a deal at $1.83 million. The current tax value on the property is currently $2,349,101 which makes me think of Real Estate 101; if the seller had the home priced correctly to start with, it might not have taken a full decade to sell it.

Over on Winnisquam there were two waterfront sales in March bringing the total number so far this year to a total of four. There was just one sale on Winnisquam in the first quarter of 2010 so we are already doing four time better! One of the homes that sold was a classic, cozy three bedroom cottage with a knotty pine interior at 57 Collins Brook Road in Meredith. It sits on a .49 acre lot with 132’ of frontage across from the Loon Sanctuary. It had all the important amenities one would want including a bathroom, outside shower, dock, a boat house, and a shed with a beer fridge! It was listed for $425,000, reduced to $409,900 and sold for $365,000 which is over the $282,900 tax assessment. It must have been the beer fridge? The other sale on Winnisquam was at 24 Bayview Drive in Belmont. This totally renovated ranch style home with a full finished walk out basement has 2,068 square feet of space, three bedrooms, two baths, cathedral ceilings, hardwood floors, fireplace, an eat in kitchen, dock, and 112 feet of shorefront. It was listed at $549,000 and sold for $530,000 with a current tax assessed value of $419,400.

A quick look at happenings up on Squam Lake for the first quarter revealed just two sales which is two more than the start to last year! The sale of significance was at 30 Laurence Road in Holderness which is known as the L.J. Webster Estate. This outstanding example of historical architecture and luxury has 7,353 square feet of living space, sixteen rooms, six bedrooms, and six baths. This impeccable home sits on a private 20 acre parcel surrounded by pristine pastures and woodlands. It has 200 feet of shorefront on Squam and views of the lake and mountains from every room in the house. This is the epitome of a luxury home from another era. This property was originally offered at $4.3 million, was reduced to $3.9 million, and sold for $3.045 million. It sounds like a place you could really get used to…

 

Follow roysanborn on Twitter

report button

NH Shoreland Protection Law Update

Monday, March 21st, 2011

 

Joe Skiffington was kind enough to provide this update of the NH Shoreland Protection Law which will be of interest to anyone owning lakefront property. Thanks, Joe!

Follow roysanborn on Twitter

Lake Winnipesaukee and Winnisquam 2010 Year End Waterfront Sales Report

Thursday, January 13th, 2011

December 2010 turned out to be a very strong month for waterfront sales on Winnipesaukee with nine waterfront properties exchanging hands compared to just four last December. The average sales price came in at $1,306,044 which is up just slightly compared to $1,288,750 last December. All nine sales were mainland properties which really isn’t surprising as it is a bit difficult looking at island properties this time of year. The great news is that in 2010 Winnipesaukee waterfront sales were up 26% over 2009. There were 96 waterfront homes sold this year at an average price of $1,257,584 that took an  average of 237 days on market to find a buyer. In 2009, there were 76 waterfronts sold at an average price of $1,178,566 and 205 days on the market. So, all in all, even in a down economy it seems pretty evident that interest in owning a home on the big lake is still very strong. There are some great deals on the lake right now and savvy buyers can recognize it. These buyers believe that investing their money in lakefront property is not only a sound idea, but that they will get the added benefit of being able to enjoy the money they have invested. Try getting some enjoyment out of your mutual funds…

The least expensive property that sold in December on the big lake was at 469 Weirs Boulevard in Laconia. While this three bedroom home is located across the Boulevard from Paugus Bay, it does have a waterfront lot on the water with 96 feet of frontage, three docks, and a deck with its very own Tiki hut. This 1,540 square foot home has an eat in kitchen with hardwood floors and stainless steel appliances, a nice living room with views of the lake, a grand master suite on the upper level, a finished basement, and a one car garage under. This home was originally listed at $425,000, was reduced to $375,000, and sold after 306 days on the market at $299,900 which is 81% of the current tax assessed value of $371,600. That’s a great deal with instant equity!

Down in West Alton at  52 Woodlands Road a new 4,000 square foot, four bedroom, five bath Adirondack home also has some happy new owners. This beautiful, energy star rated home constructed by local builder Jason Drouin features two master bedroom suites plus two additional suites, a gourmet kitchen (of course) with all the bells and whistles, a wet bar and fieldstone fireplace in the living room, a nice screened porch and southerly views. The home sits on a level .32 acre lot with 103 feet of shoreline and a U shaped dock. There is an addition 17 acre parcel across the street that has a detached two car garage and 30’ x 35’ accessory building for storing all the toys. This property was originally listed at $1,995,000, was reduced to $1.75 million, and sold for $1.65 million after 538 days on the market.

The largest sale in December was at 49 McLeod Road in Alton. This property is a spectacular 23 acre family compound with three lots of record, a circa 1914 year round main home and four charming vintage cottages with a total of eleven bedrooms and 5,000 square feet of living space. The property has a private, tranquil setting with its own pond, 650 feet of shoreline, a sandy beach, covered boat dock, and long range views with beautiful sunsets. It was originally offered at $4.1 million, was reduced to $3.95 million, and sold after 471 days on the market for $3.5 million. The property is currently assessed for $1,918,516.

Over on little sister Winnisquam, there was only one sale in December at 101 Collins Brook Road in Meredith. This is a five room, two bedroom cottage built in 1938 that sits on a .65 peninsula lot near the north end of the lake. From the 472 feet of frontage you can look into the loon sanctuary making it a very nice spot on the lake. The property needs an overhaul but the call of the loons must have captivated the buyer. It was originally listed at $429,000, was reduced to $389,000, and sold for $340,000 after 221 days on the market. The current property assessment is $364,4000.

Sales were up for the year on Winnisquam if only marginally, but that’s still welcome news considering the economy. There were sixteen sales at an average price of $583,182 in 2010 compared to fourteen in 2009 at an average sales price of $496,536. That is right on par with the average number of sales on the lake over the past seven years. Winnisquam will continue to be an affordable and desirable alternative to Winnipesaukee for those looking for little more of a quiet lake experience.

Currently there are over 175 waterfront listings in Winnipesaukee ranging from $264,900 for a cottage on Bear Island to over $10 million for a couple of small estates on Governor’s Island. So if you are lucky enough to be in the market for a waterfront home, there’s bound to be something somewhere in between that will fit your lifestyle and pocketbook. There are currently nine properties on Winnisquam priced from $275,000 to just under $1 million and of course there are many more homes on the other smaller lakes in the area at even more affordable price points.  2011 just could be the year to make your dreams come true in the Lakes Region…

Follow roysanborn on Twitter

Lake Winnipesaukee and Winnisquam Waterfront Sales Report – October 2010

Saturday, November 13th, 2010

 The number of waterfront sales on Lake Winnipesaukee continued to improve over last year with eleven sales in October at an average sale price of $1.464 million compared to seven last October at an average price of $1.856 million. The total number of sales this year on the big lake stands at 77 with an average price of $1.214 million compared to 64 for the same period last year at an average of $1.36 million. Total sales are up about 20% over last year and the average price is up 17%. Not too bad for being in a bad market!

The least expensive sale on the lake was actually a bank owned island property on Paugus Park in Laconia. This is a post and beam, 1,200 square foot, three bedroom home built in 2005 and is the only home on this tiny .14 acre island. The buyer doesn’t have to worry about neighbors, but the home is solar powered so he might be watching the weather some. This home was originally listed at $299,900, was reduced to $199,900 and sold for $189,500. Considering the current town tax assessment of $436,400, I would say this new owner should be very happy all by himself out there on his island!

The second highest sale for the month was at 65 Spindle Point in Meredith. This home is a 5,699 square foot, twelve room, three bedroom post and beam contemporary built in 2004. The home features an open living area, high cathedral ceilings and stone wood burning fireplace (one of four in the home) in the great room, the requisite master suite, a family room in the walk out basement, radiant in-floor heat, beautiful hardwood floors, screened porch, and even an elevator. The home sits on a wonderfully landscaped 1.39 acre lot with 170 feet of frontage on Meredith Bay and a deep water U-shaped dock. The property was listed at $2.925 million and sold for $2.6 million which was well above the assessed value of $2.055 million. This is a beautiful home in a great location!

The highest sale honors for the month of October go to the spectacular property at 59 Little Road in Meredith. This extraordinary home has 12,933 square feet of living space, 20 rooms, five bedrooms (including a first floor master suite), seven total baths, and a five car garage! This home obviously has all the high end features imaginable including beautiful wood and stone work, massive fireplaces, a gourmet kitchen, soaring great room, an in-law apartment, wine cellar, exercise room, an outdoor kitchen, and multiple decks and patios. This home sits on a 4.31 acre lot that provides total privacy and 830 feet of frontage with great views. This property was originally listed at $8.9 million, was reduced to $6.999 million and sold for $6.839 million after 419 days on the market. The town has it assessed at a$4.466 million. I wonder if these folks are looking to adopt?

There was not a lot of activity on Winnisquam in October this year, or last, as there was only one sale in each month. There have been 13 sales on the lake so far this year at an average price of $583,327 compared to 12 with at an average price of $485,375 for the same period last year. The sale this year was at 212 Black Brook Road in Meredith. This home is a very nicely done 2,200 square foot, eight room, three bedroom, contemporary sitting on a .67 acre lot with 100 feet of frontage. The home features an open concept living area with a large great room with cathedral ceilings, floor to ceiling fieldstone fireplace, a gourmet kitchen with granite countertops and stainless steel appliances, radiant in-floor heat, a screened porch, and a great deck with broad views of the lake. The home was listed at $975,000 and sold for $814,000 with a current tax assessment of $594,400.

Right now there are over 250 properties available on Lake Winnipesaukee and Winnisquam with prices starting in the $200-300,000 range for island properties. It is a great time to buy your own spot on either of these fantastic lakes!

Click Here for the latest listings on Lake Winnipesaukee!!

Follow roysanborn on Twitter

Lake Winnipesaukee and Winnisquam Waterfront Sales Report – July 2010

Thursday, August 12th, 2010

July was a good month for Winnipesaukee waterfront sales, at least when compared to last year. There were a total of six Winnipesaukee sales at an average of $955,333 compared to only half that number last July although the average sales price in July 2009 was higher at $1.82 million. Two of the six sales posted last month were island properties and those do obviously bring less money that mainland homes.

The least expensive home sold is at 260 Rattlesnake Island in Alton, NH.  This is an 1,166 square foot cottage with three rooms, two bedrooms, and the description in MLS said it had only a half bath. I guess maybe there was an outside shower or the bath tub was the lake? The cottage sits on a .7 acre level lot with 103 feet of frontage and nice southwesterly views. There is also an outbuilding on the property that would make a great bunk house for the in-laws. This property was originally offered at $429,000, reduced to $359,900, and sold for $324,000 after 432 days on the market. The property is currently assessed for $376,500, so that seems like a fair deal.

A beautiful 2,127 square foot contemporary at  368 Sewall Road in Wolfeboro also changed hands at $1.48 million after 349 days on the market. This home was originally listed at $1.95 million and subsequently was reduced to $1.875 million. The town has the current tax assessment at $1.677 million. This beautiful home at the entrance to Jockey Cove has 144 feet of sandy bottom frontage, an 8’ x 35’ crib dock, and broad views across the lake toward the Belknap Mountains. It has an open and spacious interior boasting thirteen rooms, four bedrooms, and two and a half baths. The exterior has nice perennial gardens, stonewalls, and a great patio area taking advantage of the wonderful views. Nice!

The highest sale in July was at 36 Broadview Terrace  in Gilford. This Governor’s Island, 5,000 square foot contemporary has a bright and open floor plan featuring a great room with cathedral ceilings, stone fireplace, hard wood floors, and a wall of windows to take in the view. There are four bedrooms, five and a half baths, and a bonus room with wet bar for entertaining. This home sits on a .74 acre lot with 100 feet of frontage with a covered U-shaped dock. This property was originally offered at just under $2.6 million, then reduced to $1.995 million in March, and found a buyer at $1.7 million after a mere 641 days on the market. With an assessment of $2.035 million it seems like the new owner got a fair deal.

There was only one sale on Winnisquam last month which equals the one sale posted last July. The honors go to a six room, three bedroom cottage at 74 Black Brook Road in Meredith. This knotty pine paneled cottage epitomizes what lake living is all about. There is a great stone fireplace in the living room, a basketball court outside, and 130 feet of sandy frontage. What more could you want? Well, maybe a pitcher of Margaritas out by the lake? This little place was only on the market for 19 days and closed 17 days later. So, possibly there really was a pitcher of Margaritas waiting there! It was listed at $499,000, assessed at $369,500 and sold for $477,000. Es tiempo de fiesta, Señorita!

  

 

Follow roysanborn on Twitter

Lake Winnisquam Water Access Cottage

Saturday, April 17th, 2010

This Winnisquam water-access cottage will get you on the lake this summer at an affordable price!

The property features a large living area with wood burning fireplace, nice kitchen, two bedrooms, and a large full bath and laundry.

The home sits on level .31 acre corner lot and is just a short stroll to the beautiful association beach and docks. There is also a 20′ x 24′ garage to keep your water toys or snowmobile in. Enjoy all that Winnisquam has to offer without paying high waterfront taxes.

Small, friendly association of 17 property owners. Yearly dues usually run under $100 per year for maintenance of the beach. Docks will take up to a 20 foot boat. 

MLS #2830171            

135 Dr. True Rd, Sanbornton, NH          

Offered at $210,000 

Follow roysanborn on Twitter

Lake Winnisquam View and Water Access Home

Monday, November 9th, 2009

Lake Winnisquam View Property Lake Winnisquam View and Water Access Home

If you are looking for a great place to call home in the Lakes Region or if you want a great vacation get-a-way this property might just be it! This home sits on a very private 3 acre, nicely landscaped lot with wonderful views of the lake. You will feel like you are all alone with nature as there are plenty of deer, fox, wild turkey, birds, and the occasional moose to view out your front window. This comfortable Winnisquam view property also has access to one of the nicest beaches on the lake that offers a boat launch, moorings, and dock space.

This cape style home has 3 bedrooms, 2 baths and features a fantastic, open floor plan with lots of light Lake Winnisquam View Propertyfrom the many windows facing to the lake. The cathedral ceiling living room  flows nicely into the well apointed kitchen which has stainless styled appliances and a large island. The perfect space for entertaining. Upstairs is devoted to the large master suite and a loft area. There is a full, partially finished walk out basement, a fantastic low maintenance deck, and a detached two car garage.

The home has been extremely well maintained and shows the pride in ownership that buyers look for in today’s competitive market…

MLS No. 2769718  

24 Eagle Ledge Rd, Meredith, NH

Offered At: $299,900

Lake Winnipesaukee and Lake Winnisquam 2008 Sales Report

Thursday, January 22nd, 2009

tuftonboro-winni.JPGWaterfront property sales in the Lakes Region are obviously a very important segment of our local real estate market. After all, we are the Lakes Region, and people come here to vacation and play year after year. Not surprisingly, many visitors end up wanting to buy their own little piece of paradise on the waters edge. Waterfront sales are also a good indicator of the strength of the overall market and perhaps even our local economy. Waterfront property is, and will continue to be, one of the most expensive kinds of real estate you can buy here or anywhere else for that matter. The old saying “they ain’t making any more waterfront” has never been more true. So did buyers continue to see value on the water in the Lakes Region in 2008? A quick look at sales on Winnipesaukee and Winnisquam will tell the story.

There is no doubt that the overall real estate market in 2008 in terms of the total number of sales was down in every price range. It is not surprising, therefore, that the number of sales on Winnipesaukee and Winnisquam were both down in 2008 compared to previous years as well. It is just a sign of the bad economic times and it shows that some buyers are holding off purchasing that waterfront home of their dreams. In 2008 Winnipesaukee registered 76 sales compared to 115 in 2007. That is also just about half the sales recorded in 2004. Winnisquam had  just 10 sales in 2008 which is also about half the number for a normal sales year.

So maybe not as many people were buying in 2008, but the good news is that on both lakes the average sales price compared to 2007 went up. We now stand at $1,217,880 on the big lake. Except for a big spike in prices in 2006 which caused 2007 to look a little off, the average sales price on Winnipesaukee has gone up every year.  The average price on Winnipesaukee has almost doubled from the $637K average price registered back in 2000. The average sales price on Winnisquam broke the $600,000 mark which indicates how popular and desirable the big lake’s little sister has become. The fact that sales prices on the lakes have held up should give buyers of lakefront property assurance that their investment will increase in value over time and give current waterfront owners the confidence that values are there for them if they decide to sell.

The breakdown of sales by town on Winnipesaukee shows that Moultonborough leads the way in terms of total sales followed by Meredith and Gilford. That is not surprising due to the sheer number of waterfront homes in Moultonborough and the very low property tax burden there which makes it a very desirable town to live in. That’s definitely where I am headed as soon as I can save up my down payment!

Winnipesaukee Waterfront Sales Including Island Property

  Total Sold Median Sales Price Average Sales Price % Sold to List Price
2004 150 $874,500 $1,052,026 93%
2005 121 $890,000 $1,144,289 93%
2006 108 $985,000 $1,234,276 92%
2007 115 $875,000 $1,168,190 91%
2008 76 $926,250 $1,217,880 91%

  

Winnisquam Waterfront Sales Report

  Total Sold Median Sales Price Average Sales Price % Sales to List Price
2004 22 $495,000 $585,127 92%
2005 21 $450,000 $545,352 97%
2006 21 $560,000 $564,705 95%
2007 14 $497,000 $517,143 96%
2008 10 $629,500 $602,700 92%

Winnipesaukee 2008 Waterfront Sales Report

Town Total Sold Median Sales Price Ave Sales Price % Sold to List Price
Alton 8 $1,231,250 $1,215,938 90%
Center Harbor - - - -
Gilford 14 $703,500 $1,329,571 88%
Laconia 4 $527,500 $728,750 96%
Meredith 17 $916,500 $1,064,824 92%
Moultonborough 21 $1,000,000 $1,227,445 94%
Tuftonboro 7 $635,000 $756,286 89%
Wolfeboro 5 $2,600,000 $2,570,000 91%

Web Design and Hosting © 2007 Union Street Media