March kind of went out like a lion with nine waterfront sales on Winnipesaukee, but also was a little bit like a lamb as there were no sales over the million dollar mark. The average sales price for the month was just $686,667 and the median price point was $815,000. This brings our total sales for the first quarter of 2015 to a total of 20 sales which equals the 20 sales in the same period of 2014, but the average sales price fell from $947,658 to $816,450.
The entry level sale was a cute five room, two bedroom, 960 square foot log cabin at 3 Mink Island in Gilford. This cabin was built in 1984 and sits on a .92 acre lot with 100' of easterly facing frontage. There's a 40' aluminum crank up dock and a sandy bottom so you don't stub your toes in the water. It sounds like the perfect weekend retreat. This property was listed originally at $399,000, but was reduced down to $299,000, and then sold for $275,000 after 1,102 days on the market. It is currently assessed at $297,810.
The property representing the median price point was at 160 and 165 Minge Cove Road in Alton. The three bedroom main home was built in 1960 and sits on a .65 acre lot with 100' of frontage. The home is nicely built and has cathedral ceilings, lots of custom built-ins, a great fireplace, and a wood stove in the lower level family room. More important, though, are the spectacular views and boathouse! There's also a two bedroom guest apartment across the street over a three car garage The homes are at the end of Minge Cove Rd so there's plenty of privacy. This property was listed at $895,000 and sold for $815,000 after 396 days on the market. It is currently appraised at $821,800.
The highest sale for the month was at 331 Trask Side Rd in Alton. This a charming 1992 vintage, contemporary cape style home that has three bedrooms, two baths, an open floor plan with a 25' x 16' living and dining area, custom kitchen with large built in pantry, skylights, a large wrap around deck, and a screened porch. The full unfinished walk out basement is ready for future expansion. There is a detached two car garage for the toys. You gotta have that! The house sits on a beautifully landscaped .5 acre lot with meandering pathways through gardens and shrubbery. There is 170' of westerly facing frontage and a u-shaped dock for that new Formula. This property was originally listed at $1.15 million, was reduced to $995,000, and sold for $960,000 after 216 days on the market. This property is currently assessed at $822,500. A pretty sweet property!
There was one sale on Winnisquam in March at 27 Lower Bay Road in Sanbornton. This 1,876 square foot, three bedroom, two bath cottage was built in 1960 and is constructed of masonry which is a little unusual on the waterfront. The home has two large stone fireplaces, a large family room, wood accents throughout, a new deck, and a detached two car garage with a one bedroom apartment above. The house sits on a .52 acre lot with 1,200' of beautiful sandy frontage. It was offered at $494,500 and sold for $471,500 after only nine days on the market. It is assessed at $430,500.
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 4/09/15. 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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