We logged a very healthy 16 waterfront sales on Winnipesaukee in July with an average sticker of $812,125. That's a big improvement over the four transactions last July, but the average sales price was well off the $1.153 million posted then. So far, through the end of July, there have been 61 waterfront sales on the big lake at an average price of $942,325. That's down from the 66 sales for the same period last year at an average price of $936,634. So, even though we were off to a slow start, things are catching up.
The least expensive Winni waterfront sale is typically an island property and so it is again with the sale of a 1970 vintage, four room, two bedroom, open concept cottage at 289 Cow Island in Tuftonboro. You won't get lost in this 800 square foot panel but you could get mesmerized by the sweeping lake views through the two walls of glass of the main house and from the wrap-around deck. There is a waterside bunk house that sleeps six, a huge deck over the water, and a 30' dock. The house sits on a .41 acre lot with 100' of frontage. This property was originally offered at $349,000, was reduced to $250,000, and sold for $232,000 after 650 days on the market. It is assessed at $290,400 so someone finally saw the value there.
The property representing our median price point sale is at 43 Brickyard Road in Alton. This 1940's, two bedroom cottage may likely make way for a new home as shore land protection approvals and a new septic design are already in place for a new structure. The .53 acre level lot is in an area of very nice homes and has fantastic sunset views, a sugar sand beach, and 90 feet of frontage. This property was listed way, way back in July of 2009 at $995,000 and has been on the market on and off ever since. It was offered this year at $797,000 and sold for $755,000. The property was on the market for a total of 1,048 days. The current assessed value is $794,000.
The highest sale on the big lake in July is the property at 5 Dock Road in Moultonborough. This 4,294 square foot, contemporary home was built in 1967 and features mostly one floor living with three bedrooms including the master "wing" on the main level and guest quarters upstairs. Walls of glass bring the views and light into this spacious home that features hardwood floors, a large stone fireplace, sun porch, a family room, and den. The real draw here, however, is the 1.7 acre lot with 287 feet of westerly facing frontage. This home is very usable as is but will undoubtedly undergo some renovations to make it is as stunning as the views. This home was offered at $1.99 million and sold for $1.675 million after only 81 days on the market. It is assessed at $2,147,300.
There were two sales on Winnisquam in July. A 1960's vintage, three bedroom, one bath cottage in need of some major renovation work or replacement at 59 Stoneybrook Road in Meredith found a new buyer who likely saw the value in the secluded 2 acre lot with 112' of frontage. This property is also situated next to 382 acres of State Forest that helps enhance its privacy. It was listed at $359,000 and was under contract for $322,000 after just after 20 days on the market. Over at 208 Eastman Shore Road a 2,500 square foot, 60's vintage, remodeled contemporary cape with four beds and three full baths on a .82 acre lot with 160 feet of frontage also found a new owner. This meticulously maintained home features hardwood floors, master suite, natural woodwork, vaulted ceilings, fireplace, a walk out basement, and great westerly views. This home was listed at $749,900 and quickly went under agreement for $740,000. It is assessed at $690,900.
There were three sales on Squam in July. The property at 518 High Haith Road in Moultonborough was the highest sale of the month on Squam. This 1975 vintage, five room, one bedroom, one bath home has 788 square feet of space and was originally built as a guest house for a neighboring property. It sits on a 1.23 acre lot providing nice privacy but just 35' of frontage...but, ah yes, it is Squam frontage after all! It was listed at $999,000 in Oct 2012, brought back on the market this year at $799,000 and sold quickly for $625,000. It is assessed at $1.277 million...and yes, like I said, it is Squam after all...
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 8/10/13. Roy Sanborn is a REALTOR® at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.