December 2015 was another strong month for Winnipesaukee waterfront sales with 19 transactions at an average sales price of $1,060,368. Last December, we had 14 sales in December and only three in 2013, so sales are definitely up! There were six sales over the million-dollar mark, with the largest sale coming in at $3.65 million on Governor's Island at 548 Edgewater Drive.
2015 turned out to be a very good year for waterfront sellers with 175 transactions on the Winni (including island sales) at an average sales price of $1,095,589, with a median price point of $815,900. That's a 36 percent increase in Winnipesaukee waterfront sales over 2014, when we posted 128 sales at an average of $1.082 million. The highest sale of the year was in July at 24 Tranquility Lane in Alton, which brought a cool $5.85 million.
Sales on the lake tallied up to $209,491,985 in 2015 compared to $138,311,217 in 2014 and $127,023,459 in 2013. That's an incredible 51 percent increase in dollar volume! That $209 million sales volume represents just over half of the $399 million total for all of the residential sales in those towns for the year. No one can ever say that the waterfront sales don't have an impact on the Lakes Region economy because you can see by the number it clearly does.
Where did the increase come from? The largest increase in sales was in the under $1 million category where sales jumped from 79 in 2014 to 110 in 2015. In the $1 million to $2 million category there were 10 more sales compared to last year, three sales more in the $2 million to $3 million range, and total sales over $3 million more than doubled from three to eight. So, by far, the lower-priced waterfronts saw more activity.
The award for the town with the highest number of sales in 2015 goes to Alton with 48 transactions, and that's up from 27 posted in 2014. Moultonborough went from 34 sales last year to 38 this year, Gilford had 25 sales, Meredith 23, Wolfeboro 22, Laconia 10, Tuftonboro 9, and Center Harbor got a goose egg this year. Wolfeboro had the highest sales price average at $1,626,421, Gilford posted $1,390,920, and Alton came in at $1,035,041. The rest of the towns all averaged under $1 million.
There were three sales in December on Winnisquam, bringing the total for the year to 21 transactions at an average sales price of $512,733 and a median price point of $500,000. That's up from the 14 sales in 2014 but the average is off from the $591,214 average last year. The highest sale for the year on Winnisquam was at 19 Lower Waldron Road in Meredith which garnered $950,000. That's a pretty good year on Winnisquam as well.
Right now, there are about 120 waterfront properties on Winnipesaukee starting at just under $300,000 for an island property up to $10 million if you have a little extra to spend. There's plenty to look at in all price ranges on the big lake as well as lots of affordable properties on the dozens of other lakes and ponds in the area. Will 2016 be the year you take the plunge and get that waterfront home you've always dreamed of? I hope so!
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 compiled using the NNEREN MLS system as of 1/19/16. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 677-7012.
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