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Roy Sanborn - June Lakes Region Waterfront Sales Report

In the month of June there were 10 sales on Lake Winnipesaukee at an average price of $1,364,018. Last June we had a whopping 17 sales, although at a lower average price of $940,500. There were four sales last month over $1 million and two exceeded the $3 million mark. For the first six months of 2012 there have been a total of 45 waterfront sales at an average of $998,618 producing a total sales volume of $44.5 million. That compares to 63 sales for the first half of 2012 at an average of $909,625 and 41 sales in 2011 at an average of $1.17 million. So while sales on the big lake are down at least some high dollar properties are moving with 13 of the 45 sales this year over the $1 million mark.
The least expensive property that sold last month on Winnipesaukee was at 133 Powers Road in Meredith. This is a year round, 1956 vintage cottage that has 2,080-square-feet of space, three bedrooms, two full baths, a classic knotty pine interior, beamed ceilings, screened porch, and a two car garage. It sits on a total of 3.8 acres that includes a separate waterfront lot with 25-feet of frontage with a sandy bottom and a 55-foot permanent dock that will hold four boats. I suspect that someone immediately saw the value in this property because it took only 24 days to find a buyer. It was offered at $519,000 and sold for $436,055 after some negotiating. The property is assessed for $460,000. I'm kind of expecting you might see some new construction here...
About mid-way up the pricing spectrum is a property at 110 Minge Cove in Alton that also has a new owner. This contemporary home was built in 1978 and has 3,074-square-feet of living space, three (plus) bedrooms, including the first floor master, three baths, and an open concept living/dining/eat-in kitchen area with views of the quiet cove. There is a screened porch and decks for summer entertaining. The .64-acre lot has 100-feet of frontage and deepwater docking. Attached and detached one car garages provide plenty of storage for the toys. This property was originally offered at $899,000 in April of 2009 and has been on the market every year since...actually for a total of 869 days. Makes me tired just thinking about it! This year it came on the market at $675,900 and sold for $650,000 which was just under the assessed value of $663,700.
The largest sale honors go to a spectacular property on Roberts Road in Alton which undoubtedly was purchased for the land rather than the structures. The property consists of seven cottages built in the thirties on an 11.3-acre lot with 615-feet of frontage, two beautiful sugar sand beaches, and long range sunset views. This is a perfect setting for a family compound or private estate. The property was listed at $4.2 million and sold for $3.057 million after 315 days on the market. It is assessed for $3.426 million.
There was only one sale on Winnisquam in June bringing the total to just five so far this year compared to seven for the first half of 2012. There are some happy new homeowners at 47 Dutile Shore Road in Belmont just in time for the summer season. This home is a very high quality 3,162-square-foot contemporary with five bedrooms and three and a half baths. It has a fabulous great room with stone fireplace, cathedral ceilings, and a wall of windows that frames the lake view. Cherry floors extend into a bright, well appointed kitchen featuring beautiful cabinetry, granite countertops, a breakfast island, and gas stove. The second floor master suite has its own private porch overlooking the water and there is a large family room in the lower level walkout. The home sits on a .22-acre lot which is beautifully landscaped and has 75-feet of frontage, a 30-foot dock, and a gentle sandy entry for the young ones. This property was originally listed at $699,000, was reduced to $674,000, and sold for $625,000 after 303 days on the market.
There were no sales on Squam Lake in June, but there is bound to be more activity on this and all the other lakes as the summer season progresses! After all, there are a lot of people out there that dream of having their own piece of our Lakes Region paradise...
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 7/10/13. Roy Sanborn is a REALTORĀ® at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.
 
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