There were 15 waterfront homes sold in October 2013 at an average price of $1.1 million. There were eight sales over the million dollar mark with one exceeding the $2 million price tag. That's a pretty good month in anyone's book. This brings the year's total thus far to 118 sales at an average price of $945,118 compared to 103 sales at $1,056,837 for the first ten months of 2012. That's a 14 percent increase in total sales but a drop of 10 percent in the average sales price.
The highest sale in October on the big lake was at 11 Mallard Way in Moultonborough. This Skiffington, Adirondack style home has 7,500 square feet of living space to get lost in, six bedrooms including the first floor master suite, eight baths, a gourmet chef's kitchen, a great room with wood cathedral ceilings and a floor to ceiling stone fireplace, a family room in the basement, and a fabulous screen porch with its own fireplace. The home sits on a 1.1 acre level, well landscaped lot with 160' of frontage with gorgeous long range sunset views. There's plenty of dockage, a breakwater, and a heated three car garage for the toys. The property was listed at $2.799 million and sold at $2.6 million after only being on the market for one day. I presume it was listed with a ready and willing buyer in hand. It is currently assessed at $2,747,700.
The median price sale was at 140 Scenic Drive in Gilford. This 3,675 square foot, open concept contemporary home has absolutely gorgeous views of the lake and the mountains beyond. It was built in 1972 and features five bedrooms, four baths, cathedral ceilings, stone fireplace, and a wonderful deck overlooking a great back yard. The house sits on a .72 acre lot with 190' of frontage, a breakwater, and a double U-shaped dock. Fantastic frontage and a great location. This home did need a little TLC. It was listed back in Feb 2010 at $1.19 million and finally sold for $1.05 million after a total of 683 days on the market. It is currently assessed at $755,000.
The lowest priced waterfront sold in October was at 902 Rattlesnake Island. This was really more about the lot as the 168 square foot cabin clearly wouldn't hold much more than a box of rattlesnakes. The .78 acre lot has 101 feet of frontage, a breakwater, and a dock. Now all you need is a sleeping bag. The property was listed at $105,000 and sold for $94,000 after 35 days on the market. It is assessed at $119,700.
There were two sales on Winnisquam in October. The property at 87 Tucker Shore Road in Belmont sold after 925 days on the market. It was listed back in January 2011 for $369,900, was re-listed and reduced to $339,000 and sold at $323,000. It is currently assessed at $337,100. This property consists of a 1950s vintage, 1,056 square foot, three bedroom cottage on a .11 acre lot with 50' of frontage and a dock. The other sale was at 76 Black Brook Road in Meredith . This 3,007 square foot contemporary home was built in 1902 but is thoroughly modern and tasteful. It has four bedrooms, two of which are suites, three and a half baths, two fireplaces, a cathedral ceiling living room, family room, and eat-in kitchen. The home sits on a beautifully landscaped, 1.77 acre lot with an amazing 300' of frontage. This property was offered at $829,000 and sold for full price going under contract in just eight days. It is currently assessed at $672,900.
There were three sales on Squam; 16 Grapevine Cove in Holderness at $385,000, 74 Mountain Ivy Lane in Holderness at $1,338,000, and 186 Metcalf Road in Sandwich for $1.9 million. The Metcalf Road property is a 1,800 square foot, three bed, two bath, farmhouse style home built in 2002 on a 2.9 acre lot with 373' of frontage and two docks. There is a separate guest cottage with a bath, a large barn, plus a small outbuilding by the lakeside that houses a sauna. Sounds perfectly Squammie to me...
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 11/12/13. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.