There were seven waterfront sales on Lake Winnipesaukee in April, 2015 at an average of $1,112,286 and a median price point of $900,000. That brings the total to 27 transactions on the lake thus far this year at an average sales price of $893,148 compared to the same 27 sales last year but with a higher average of $1,254,636.
The entry level sale last month was at 26 Deepwater Point in Moultonborough. This 1965 vintage, three bedroom, two bath, 1,285 square foot ranch style cottage sits on a third acre lot with 150' of sandy frontage. The cottage has a knotty pine interior, wood floors, a wood burning fireplace, a screened porch, and lakeside deck. The cottage is located at the very tip of Deepwater Point with spectacular views of undeveloped waterfront. Pretty nice! This home was listed at $559,000 and sold for $524,000 after 192 days on the market. The current tax assessed value is $583,100.
The median price point representative is at 9 Oakwood Road in Wolfeboro. And what a property it is! This circa 1907 vintage, 4,200 square foot, seven bed, four bath seasonal home is called "Stonehenge of Wolfeboro" and sits on 26.9 acres (three lots of record) with 400 feet of frontage on South Wolfeboro Bay. This classic summer retreat was restored to its past glory and features a two story great room with fieldstone fireplace and wrap around balcony, natural bead board walls, and hardwood flooring. The kitchen has been updated to modern standards and there is a formal dining room for entertaining. The exterior is finished in cedar shakes with lots of stonework...hence the name, Stonehenge. The former owners added a tennis court, pitch and putting greens, and volley ball and badminton courts. You truly take a step back to simpler times here. This home was listed in June of 2012 at $1.495 million, was relisted in May of 2014 at $1.295, and sold for $900,000 after 681 days on the market. The current tax assessed value is $1.31 million. Tennis, anyone?
The highest sale for the month was at 37 Four Seasons Drive in Alton which is just minutes to downtown Wolfeboro. This 6,000 square foot residence was built in 2006 and has five bedrooms, seven baths, a gourmet kitchen with stainless appliances including a Thermador range and convection oven, center island, granite counters and breakfast nook. There's a first floor master suite, two additional guest suites upstairs, living room with gas fireplace, formal dining room, home theater room, exercise room, sunroom, covered porch, and, of course, a wine cellar. Outside you'll find a wonderfully landscaped world with stone patios, walls, lawns, circular driveway and 125' of frontage with truly fabulous sunset views. There's a three car garage for the toys and separate barn with a heated workshop. This home was first listed at $2.2 million, was reduced to $1.925 million, and sold for $1.735 million after 481 days on the market. It is currently assessed at $1,857,900. I wonder if they are looking for a grounds keeper?
There were two sales on little sister Winnisquam in April. A 1950 vintage, 1,517 square foot cape style home with three bedrooms, two baths, on a third acre lot at 12 Hill Road in Tilton found a new owner. This home isn't exactly on the water, but it has a ten foot right of way to the lake with a dock. Kind of a cheap way to get on the lake. This home was originally listed at $299,900, reduced to $279,900, and sold for $255,000 after 249 days on the market. The current tax assessment is $195,000.
The other Winnisquam sale was on the Gold Coast at 514 Shore Drive in Laconia. This is a 2,644 square foot contemporary style home with four bedrooms and three baths. The home was constructed in 1969 and is in impeccable condition. It was designed with an open concept layout for great entertaining space and to be bright and sunny. The real selling feature here was the wonderfully large 2.28 acre lot situated on a point of land that provides great privacy. The property has 392' of westerly facing frontage providing stunning sunset views, a U shaped dock, plus a perched beach. This home was listed in September of 2013 for $1.15 million, brought back on the market in February of this year at $989,000, and sold for $875,000 after a total of 447 days on the market. It is assessed at $914,800.
Pease feel free to visitwww.lakesregionhome.comto learn more about the Lakes Region real estate market and comment on this article and others.
Data compiled using the NNEREN MLS system as of 5/15/15.
Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012
Last Updated on Friday, 15 May 2015 08:35
At a recent White House science fair celebrating inventors, a Girl Scout who helped design a Lego-powered page-turning device asked President Obama what he had ever thought up or prototyped. Stumbling for an answer, he replied: "I came up with things like, you know, health care."
Ah, yes. "Health care." Remember when the president's signature Obamacare health insurance exchanges were going to be the greatest thing since sliced bread, the remote control, jogger strollers, Siri, the Keurig coffee maker, driverless cars and Legos all rolled into one?
The miraculous, efficient, cost-saving, innovative 21st-century government-run "marketplaces" were supposed to put the "affordable" in Obama's Affordable Care Act. Know-it-all bureaucrats were going to show private companies how to set up better websites (gigglesnort), implement better marketing and outreach (guffaw), provide superior customer service (belly laugh), and eliminate waste, fraud and abuse (LOLOLOL).
You will be shocked beyond belief, I'm sure, to learn that Obamacare exchanges across the country are instead bleeding money, seeking more taxpayer bailouts and turning everything they touch to chicken poop.
Wait, that's not fair to chicken poop, which can at least be composted.
"Almost half of Obamacare exchanges face financial struggles in the future," The Washington Post reported last week. The news comes despite $5 billion in federal taxpayer subsidies for IT vendors, call centers and all the infrastructure and manpower needed to prop up the showcase government health insurance entities. Initially, the feds ran 34 state exchanges; 16 states and the District of Columbia set up their own.
While private health insurance exchanges have operated smoothly and satisfied customers for decades, the Obamacare models are on life support. Oregon's exchange is six feet under — shuttered last year after government overseers squandered $300 million on their failed website and shady consultants who allegedly set up a phony website to trick the feds. The FBI and the U.S. HHS inspector general's office reportedly have been investigating the racket for more than a year now.
In the People's Republic of Hawaii, which has been a "trailblazer" of socialized medicine for nearly four decades, the profligate state-run exchange demanded a nearly $30 million cash infusion to remain financially viable after securing $205 million for startup costs. The Hawaii Health Connector accidentally disconnected hundreds of poor patients' accounts and squandered an estimated 8,000 hours on technological glitches and failures. Enrollment projections were severely overinflated like a reverse Tom Brady scandal. After failing to secure a bailout, Hawaii announced this week that its exchange would be shut down amid rising debt.
In Maryland, a state audit found that its health insurance exchange "improperly billed the federal government $28.4 million as former Gov. Martin O'Malley's administration struggled to launch what would become one of the most troubled websites in the nation," The Baltimore Sun reported in late March. That's in addition to the $90 million the state blew on technical problems. The state scrapped its junk website and forced enrollees to resubmit to the tortuous sign-up process all over again.
Last week, federal prosecutors subpoenaed the Massachusetts Obamacare exchange after whistleblowers there exposed what a "technological disaster" its "Health Connector" program was. Boston's Pioneer Institute senior fellow in health care, Josh Archambault, released a report on Monday detailing the "complete incompetence" of the state's health bureaucrats from day one. But taxpayers would be lucky if incompetence were the only sin.
After firing the tech boneheads of CGI, the same company behind the federal healthcare.gov meltdown, Massachusetts officials "appear to have lied to the federal government to cover up mistakes" made by both the state and the IT company. "In at least two instances we uncovered," Archambault revealed, what the state told the feds "was either in direct conflict with internal audits or highly improbable given what was being said in the audit and what whistleblowers said was happening at the time."
As health care analyst Phil Kerpen of the free market group American Commitment points out, Massachusetts "already had a functioning state health exchange" but "after receiving $179 million from federal taxpayers" to reconstitute it under Obamacare, "they were able to break that existing exchange beyond repair." An amazing feat.
Lesson for inventive Scouts and students wondering about what people in Washington, D.C., prototype: Government bureaucrats don't make things, kids. They break things.
(Syndicated columnist Michelle Malkin is the daughter of Filipino Immigrants. She was born in Philadelphia, raised in southern New Jersey and now lives with her husband and daughter in Colorado. Her weekly column is carried by more than 100 newspapers.)
Last Updated on Thursday, 14 May 2015 09:24
The left's success in denying President Obama fast-track authority to negotiate the Trans-Pacific Partnership is ugly to behold. The case put forth by a showboating Sen. Elizabeth Warren — that Obama cannot be trusted to make a deal in the interests of American workers — is almost worse than wrong. It is irrelevant.
The Senate Democrats who turned on Obama are playing a 78 rpm record in the age of digital downloads.
Did you hear their ally, AFL-CIO head Richard Trumka, the day after the Senate vote? He denounced TPP for being "patterned after CAFTA and NAFTA." That's not so, but never mind.
There's this skip on the vinyl record that the North American Free Trade Agreement destroyed American manufacturing. To see how wrong that is, simply walk through any Wal-Mart or Target and look for all those "made in Mexico" labels. You won't find many. But you'll see "made in China" everywhere.
Many of the jobs that did go to Mexico would have otherwise left for low-wage Asian countries. Even Mexico lost manufacturing work to China.
And what can you say about the close-to-insane obsession with CAFTA? The partners in the 2005 Central American Free Trade Agreement — five mostly impoverished Central American countries plus the Dominican Republic — had a combined economy equal to that of New Haven, Connecticut.
(By the way, less than 10 percent of the AFL-CIO's membership is now in manufacturing.)
It's undeniable that American manufacturing workers have suffered terrible job losses. We could never compete with pennies-an-hour wages. Those low-skilled jobs are not coming back. But we have other things to sell in the global marketplace.
In Washington state, for example, exports of everything from apples to airplanes have soared 40 percent over four years, to total nearly $91 billion in 2014, according to The Seattle Times. About 2 in 5 jobs there are now tied to trade. Small wonder that Sen. Ron Wyden, a liberal Democrat from neighboring Oregon, has strongly supported fast-track authority.
Some liberals oddly complain that American efforts to strengthen intellectual property laws in trade deals protect the profits of U.S. entertainment and tech companies. What's wrong with that? Should the fruits of America's creativity (that's labor, too) be open to plundering and piracy?
One of TPP's main goals is to help the higher-wage partners compete with China. (The 12 countries taking part include the likes of Japan, Australia, Canada, Chile, Mexico and New Zealand.) In any case, Congress would get to vote the finished product up or down, so it isn't as if the public wouldn't get a say.
But then we have Warren stating with a straight face that handing negotiating authority to Obama would "give Republicans the very tool they need to dismantle Dodd-Frank."
Huh? Obama swatted down the remark as wild, hypothetical speculation, noting he engaged in a "massive" fight with Wall Street to get the reforms passed. "And then I sign a provision that would unravel it?" he told political writer Matt Bai.
"This is not a partisan issue," Warren insisted. Yes, in a twisted way, the hard left's fixation over big corporations has joined the right's determination to undermine Obama at every pass.
Trade agreements have a thousand moving parts. The U.S. can't negotiate with the other countries if various domestic interests are pouncing on the details. That's why every president has been given fast-track authority over the past 80 years or so. Except Obama.
It sure is hard to be an intelligent leader in this country.
Last Updated on Wednesday, 13 May 2015 08:05
In the first quarter of 2015, in the sixth year of the historic Obama recovery, the U.S. economy grew by two-tenths of 1 percent. And that probably sugarcoats it. For trade deficits subtract from the growth of GDP, and the U.S. trade deficit that just came in was a monster.
As the AP's Martin Crutsinger writes, "The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter."
The March deficit was $51.2 billion, largest of any month since 2008. In goods alone, the trade deficit hit $64 billion.
As Crutsinger writes, a surge in imports to $239 billion in March, "reflected greater shipments of foreign-made industrial machinery, autos, mobile phones, clothing and furniture."
What does this flood of imports of things we once made here mean for a city like, say, Baltimore? Writes columnist Allan Brownfeld: "Baltimore was once a city where tens of thousands of blue collar employees earned a good living in industries building cars, airplanes and making steel. ... In 1970, about a third of the labor force in Baltimore was employed in manufacturing. By 2000, only 7 percent of city residents had manufacturing jobs."
Put down blue-collar Baltimore alongside Motor City, Detroit, as another fatality of free-trade fanaticism. For as imports substitute for U.S. production and kill U.S. jobs, trade deficits reduce a nation's GDP. And since Bill Clinton took office, the U.S. trade deficits have totaled $11.2 trillion. An astronomical figure.
It translates not only into millions of manufacturing jobs lost and tens of thousands of factories closed, but also millions of manufacturing jobs that were never created, and tens of thousands of factories that did not open here, but did open in Mexico, China and other Asian countries.
In importing all those trillions in foreign-made goods, we exported the future of America's young. Our political and corporate elites sold out working- and middle-class America — to enrich the monied class. And they sure succeeded.
Yet, remarkably, Republicans who wail over Obama's budget deficits ignore the more ruinous trade deficits that leech away the industrial base upon which America's self-reliance and military might have always depended.
Last month, the U.S. trade deficit with the People's Republic of China reached $31.2 billion, the largest in history between two nations. Over 25 years, China has amassed $4 trillion in trade surpluses at our expense. And where are the Republicans? Talking tough about building new fleets of planes and ships and carriers to defend Asia from the rising threat of China, which those same Republicans did more than anyone else to create.
Now this GOP Congress is preparing to vote for "fast track" and surrender its right to amend any Trans-Pacific Partnership trade deal that Obama brings home. But consider that TPP. While the propaganda is all about a deal to cover 40 percent of world trade, what are we really talking about?
First, TPP will cover 37 percent of world trade. But 80 percent of that is trade between the U.S. and nations with which we already have trade deals. As for the last 20 percent, our new partners will be New Zealand, Malaysia, Vietnam, Brunei and Japan.
Query: Who benefits more if we get access to Vietnam's market, which is 1 percent of ours, while Hanoi gets access to a U.S. market that is 100 times the size of theirs?
The core of the TPP is the deal with Japan. But do decades of Japanese trade surpluses at our expense, achieved through the manipulation of Japan's currency and hidden restrictions on U.S. imports, justify a Congressional surrender to Barack Obama of all rights to amend any Japan deal he produces?
Columnist Robert Samuelson writes that a TPP failure "could produce a historic watershed. ... rejection could mean the end of an era. ... So, when opponents criticize the Trans-Pacific Partnership, they need to answer a simple question: Compared to what?"
Valid points, and a fair question.
And yes, an era is ending, a post-Cold War era where the United States threw open her markets to nations all over the world, as they sheltered their own. The end of an era where America volunteered to defend nations and fight wars having nothing to do with her own vital interests or national security.
The bankruptcy of a U.S. trade and foreign policy, which has led to the transparent decline of the United States and the astonishing rise of China, is apparent now virtually everywhere. And America is not immune to the rising tide of nationalism. Though, like the alcoholic who does not realize his condition until he is lying face down in the gutter, it may be a while before we get out of the empire business and start looking out again, as our fathers did, for the American republic first. But that day is coming.
Last Updated on Tuesday, 12 May 2015 08:14
It is with great sadness that I write about the passing of Dr. Bruce D. Heald, a well known Lakes Region personality, New Hampshire historian, teacher and mentor for many employees of the Winnipesaukee Flagship Corporation. His tenure with the company dates back to 1965.
I've known Bruce for over 30 years. He was my deck officer when I was a young, naive deckhand aboard the M/S Mount Washington back in my college days. Growing up as a fourth generation island resident of Bear Island, I thought I knew a lot about the "Big Lake" back then. After all, I grew up hearing great stories about the early days of boating and island living from my father, uncles and cousins. Bruce, however, educated me far beyond my provincial wisdom and opened my eyes to just how big this lake was. As a history minor in college I was fascinated with all the information being fed to me back then.
Dr. Heald has been the chief purser for the Winnipesaukee Flagship Company for over 50 years. His early associations with fellow employees such as Ed LaVallee, Brian Avery and Bob Murphy, afforded him the most fortunate opportunity to interview these people and bridge a divide between yesteryear and today. By so doing he was able to pass on a very interesting recording of facts, figures, folklore and legend about not only the islands' mail service history but also the history of the Winnipesaukee Flagship Company and the area it serves. His many books about the Lakes Region area capture the Yankee genuineness of longtime summer traditions and impart the significance of what it means to be a summer visitor or resident. His books are a most enjoyable read for anyone who wants to know about many of the islands' history and lake's folklore.
Bruce's personality was inspiring. He welcomed our passengers aboard with a robust "All Aboard" and then personally greeted everyone who boarded. His interaction with the passengers always left them with a memorable impression; so much so that many would come back year after year looking specifically for him.
How do you say goodbye to such an admirable person who touched so many lives with his wit, charm and compassion; taught many in a way that made that person want to learn more and exuded such a positive outlook on life? I'm not sure I can find the exact words. All I can simply say is, "Farewell my friend and thanks for being part of my life."
(Captain Jim Morash is Chief Operating Officer of the Winnipesaukee Flagship Company.)
Last Updated on Friday, 08 May 2015 09:09