2014 ended with 14 residential waterfront transactions in December on Lake Winnipesaukee at an average sales price of $1,012,607. Seven of the sales exceeded the million dollar mark with the range being from a low of $237,000 for an island cottage up to $2.2 million for a property on Long Island in Moultonborough. That's a lot better than the four sales generated last December and helped close the gap in the total number of sales on the lake compared to last year.
For the year there were 128 transactions on the Winni (including island sales) at an average sales price of $1,082,119 and median sales price of $777,500. While we were just off the 134 sales number posted in 2013, the average sales price was up from $947,936 in 2013 which is pretty good news.
Of course, one should consider the fact that the highest sale ever on the lake, or in the region for that matter, occurred in April of this year at 212 Springfield Point in Wolfeboro. This extraordinary property sold for $8.975 million and tweaked the average sales average on the lake just a bit, but it was still a better year dollar wise. Total sales on the lake tallied up to a whopping $138,311,217 in 2014 compared to $127,023,459 in 2013.
Moultonborough posted the highest number of waterfront sales with 34 transactions at an average price of $1,164,703. This is a tribute to their low tax rate and the fact that it is a great place to live. It also does not hurt that they have a greater number of waterfront properties to begin with. Wolfeboro posted the highest sales price average at $2,280,445 with 11 transactions.
There were 19 non-bridged island sales among the waterfronts that changed hands in 2014. The average sales price came in at $320,700. Prices ranged from as little as $207,500 up to $400,000. This, my friend, is an affordable way to be on the lake!
Over on little sister, Winnisquam, sadly, there weren't any sales in December. But there were 14 transactions for the year at an average of $591,214 which is the highest average since 2008 when it came in at $602,700. There were also two sales over the million dollar mark on a lake not known for high price homes. That makes only eight properties that have sold on Winnisquam over a million dollars since 2004.
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 1/14/15. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
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