There were 17 sales on Lake Winnipesaukee in August 2014 at an average price of $1,144,029 and a median price of $899,000. There were seven sales over the magic million dollar mark. That's pretty good but not as good as last August when there were 23 transactions at an average sales price of $732,396. For the first eight months of the year there have been 80 sales on Winnipesaukee with a total sales volume of $85.91 million and an average sales price of $1.074 million compared to 85 sales for the same period in 2013 where the total sales volume was $74.86 million and the average price came in at $800,752. So in a nutshell, this year the higher priced homes are selling a little better.
The biggest sale on Winni in August was at 8 Foxwood Way in Tuftonboro. This sale was really about the lot which was 98.6 acres with 822 feet of frontage! However, one must not overlook the two 1935 vintage lodges. One has four bedrooms, a great room with cathedral ceilings, the requisite floor to ceiling fire place, wood paneling, and a sun room looking out at the lake. The other lodge sits back in the trees and has a separate bunkhouse with sunken living room for the rowdy guests. There is an over the water boat house, a U-shaped crib dock, and a three car garage for all the motorized equipment you might have. This property was represented by Randy Parker of Maxfield Real Estate back in May of 2013 at $4.5 million and sold for $3.7 million after 438 days on the market.
The mid priced sale was at 5 Deepwater Point in Moultonborough. This 3,015 square foot, three bedroom, three bath, contemporary was built in 1998 and was meticulously maintained and very well appointed. This is one of those properties that has a true lake home feel when you walk in. It features a beautiful great room with a stone wood burning fireplace, wood floors, and cathedral ceiling, country kitchen with cherry cabinetry, granite counter tops, and stainless appliances, first floor master, and family room in the walk out lower level. The home sits in a .69 acre lot with lush landscaping, mature perennial gardens, and stone walkways. There is 93' of sandy frontage with a large deep water dock that provides ample room for all the toys. This home was first listed in May of 2013 for $975,000, then re-listed with Ricker Miller of BHHS Verani in Moultonborough in May of 2014 for $899,900, and sold for full price in 36 days. This property is currently assessed for $600,300.
The lowest price sale for the month is a really cute 1985 vintage, 979 square foot, two bedroom, one and a half bath camp at 992 Rattlesnake Island in Alton. The property even has an additional bunkhouse where Uncle Zeke can stay when he shows up unexpectedly. This cottage sits on a .78 acre lot with 100' of frontage with a breakwater and dock. There's a waterside deck that provides a great sitting area to take in the 180 degree views. This property was first listed in Sept 2013 for $309,000, re-listed this year with Nancy DePorter of Maxfield Real Estate for $309,000 and sold for $305,000. It is currently assessed at $307,500. Uncle Zeke must be real happy.
There was only one sale on Winnisquam in August and that was in Tilton at 32 Hill Road. This 1920s vintage lake home feels like stepping back in time but it has been tastefully remodeled over the years. It has three bedrooms, two baths, a charming living room with stone fireplace, a nice country kitchen with large pantry, and an old fashioned front porch (or is it back porch?) looking out at the lake. While there is only 20' of frontage on this .39 acre lot it provides access to a great dock and the calm waters of a no wake zone. This home was on and off the market since 2007 when it was first was listed for $499,000. It was listed this spring by Michelle Heally of BHHS Verani out of Londondery for $369,900 and sold for $375,000 after 11 days on the market. It is currently assessed for $238,900.
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 9/09/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012
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