As of August 1, 2013 there were 1,241 residential homes on the market in the twelve towns covered by this report. The average asking price was $485,423 and the median price point was $259,900. The inventory is down from the 1,351 homes available as last August 1. The average asking price last year was $491,503 and the median price point stood exactly the same at $259,900. The current inventory level represents a 15 month supply of homes on the market. A six month inventory would be considered healthy.
If you have ever driven through the historic four corners area of Gilmanton (at the intersection of Route 107 and 140) and were amazed by the beautiful, well maintained homes that make up this quintessential New England community you are probably not alone. This past Saturday I attended a Tour of Historic Homes in Gilmanton that was held to benefit the Gilmanton Year Round Library and got to visit some of them. As a real estate agent, I see a lot of homes, but never enough really nice antique ones so this was a lot of fun for me.
The owners of nine wonderful antique properties were gracious enough to open their homes so that visitors could step back in time and view the architecture, construction, and style of the different historical periods. Starting in the corners, I visited the Federal style home of Jim and Laura Lynn Morrissey that was constructed in 1820. This home blends the look and feel of a vintage home with a modern contemporary style making it very bright, open, and livable. I am sure the original owners would be amazed at the recent kitchen remodel but surely would feel at home with the hand painted checkerboard patterns on the wide pine flooring and the beautiful hand painted mural on the stairway wall.
Next door, is another Federal style home that dates back to the early 1800's and has been owned by the Bartholomew family for five generations. This home retains the look and feel of a period home and is furnished with appropriate furniture and décor. It was like stepping back in time.
The well-known Temperance Tavern across from the Academy Building was also open for viewing. This historic home was built in 1793 and over the years has served Gilmanton as a public house, court house, post office, tavern, and bed and breakfast. This local landmark has been wonderfully restored and currently serves as the private residence of Robert and Rebecca Rhonstadt. It has six working fireplaces, six bedrooms and baths, large gathering rooms, and a nicely updated kitchen. If you are looking to open your own historic venture, whether it be an inn or antique store, this fine home is currently on the market.
A 1790's cape which originally was located in Alton was moved to 858 Province Road by its current owners Albert and Lucille Phillips in 1989. It was reconstructed board by board and retains the original charm of this period with its exposed beams, wide pine floors, wavy window glass, bricks, and granite. This home has wonderful curb appeal and while it appears small from the road it has over 3,000 square feet of living space with a large ell providing additional space off the back for a modern kitchen.
Down the road a bit further at 1218 Province Road just past Loon Pond is a 1760's center chimney cape that was also reconstructed here in 1982. This home sits on a full foundation and has all the modern amenities of a new home, but all the materials are from several buildings dating from the mid 18th century. It is correct in every other detail right down to the antique nails used to hold it all together. Its current owners, Barbara Morris and Bob Eastman, have been busy adding their own personal touches to this authentic property.
The earliest home on the tour was the museum quality restoration of a 1665 Pilgrim era garrison style saltbox at 1246 Province Road. This home was moved from Billerica, Mass and was painstakingly reconstructed by Doug Towle, Henry Page, and Justin Caldon on a 12 acre parcel of land on Frisky Hill that provides broad panoramic views. This home artfully blends pristine historic architecture with modern conveniences making this a uniquely livable and comfortable residence. There is also a carriage house, barn, water tower, and even a one room school house dating back to the 1760's on the property. This is a simply stunning property and is also currently on the market. It would make a magnificent horse property or gentleman farm. Messieurs Towle and Page are well known for the restorations of many of Gilmanton's older homes including the Morris property just down the road.
Other properties on the tour included a wonderful example of Greek Revival architecture built in 1836 by a local doctor and which later became a summer boarding house known as the Elms, a center chimney cape built in 1774, and a 1790's colonial which was also restored by Doug Towle back in the 1970's. The tour ended with a preview of a 1800's colonial home currently being restored by Doug at 493 Province Road next to the Academy in the Corners which provided insight into what goes into restoring one of these fine old properties. It was a great day filled with truly great homes...and great people!
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 8/1/13. Roy Sanborn is a REALTOR® at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335