September was a banner month for Winnipesaukee waterfront sales with a total of 27 transactions at an average sales price of $916,660 and a median price point of $675,000. All but six of those sales were mainland sales and there were ten sales over the million dollar mark. Last September there were just 14 sales. This brings our total number of sales on Winnipesaukee to 127 so far this year at an average price of $1,087,481 compared to 93 at an average price of $1,104,983 for the same period in 2014. That's a 37 percent increase in waterfront sales on the big lake. Pretty outstanding!
The entry level sale once again was an island property at 556 Rattlesnake Island in Alton. This 1971 vintage, four room, two bedroom cottage has 700 square feet of open concept living space, cathedral ceilings, pine paneling, and lots of glass on the waterside to enjoy the view. There's a wrap around deck, another deck down by the water, and a 6' x 30' dock. There's even a fire pit so you can keep a blaze going to ward off the rattlesnakes at night. That's a must on Rattlesnake Island. The cottage sits on a .9 acre lot with 149' of sandy bottom frontage that gets sun all day long. This property was listed at $325,000, was reduced to $299,000, and sold for $264,000 after just 58 days on the market. It is assessed at $251,500.
The median price point sale was at 41 Spindle Point Road in Meredith. This five room, two bedroom, 676 square foot cottage was built in 1955 on a .55 acre lot with 300 feet of westerly facing frontage and a U-Shaped seasonal dock. There was little info in the MLS and no pictures of the interior so this sale was likely all about the lot. It sold at full price at $675,000 in just five days and is currently assessed for $660,300.
The big dog for the month was over at 107 Clay Point in Alton. This spectacular home was built in 2008 and has 5,293 square feet of living space with four bedrooms, two full, and two three quarter baths. This property has all the quality and features that one would expect at this price point. There is a two story great room with hardwood floors and a floor to ceiling fireplace, stunning kitchen with custom cabinetry, granite, and Viking appliances, formal dining room, first floor master suite, and comfortable family room. Outside there are huge porches overlooking manicured lawns, gardens, and spectacular sunset views across the lake. There's 150' of frontage providing plenty of space for a 23' x 44' boat house and a 36' slip with protective breakwater. This home originally sold for $3.2 million when it was built and was listed in April of this year for $3.8 million. It was reduced to $3.499 million and then sold at $3.275 million after 120 days on the market. It is currently assessed at $3.337 million. I think I could live there...
Over on Winnisquam there was just one sale at 17 Lakeside Ave in Sanbornton. This is a forties vintage, four bedroom, two bath home with 2,886 square feet of living space so there's plenty of room for everyone to come on those long summer weekends. The house has an eat-in kitchen, formal dining room, living room and family room, two fireplaces and a covered porch to sit an tell stories on. It sits on a quarter acre lot with 85' of frontage and broad sunrise views. This property was listed at $499,900 and sold for $492,000 after 50 days on the market. It is assessed at $527,320.
Pease 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 10/12/15. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
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