There were fourteen waterfront homes on Lake Winnipesaukee that changed hands in September 2014. The average sales price was $1,209,457 and the median price point came in at $1,175,000. Nine of those sales exceeded the million dollar mark. This was a bit lower than last September when there were eighteen sales at an average price of $1,114,292 with a median price point of $652,000. For the year thus far there have been 94 waterfront sales on the big lake at an average of $1,094,088 compared to an identical 94 sales last year at an average of $921,565.
The entry level sale last month was at 120 Hillcroft Road in Laconia. This 1985 vintage, 1,784 square foot, four bedroom, two bath gambrel style home has an open concept kitchen and living area, brick wood burning fireplace, front to back master bedroom with balcony on the second floor, and a huge wrap around deck. The home sits on a .76 acre lot with 275 feet of frontage, a sandy beach, and u- shaped dock. The home was first listed in June of 2013 for $445,000, relisted in May of 2014 for $389,000, reduced to $339,900, and sold for $311,500. Susan Hodgkins of Keller Williams Metropolitan represented the property. Total time on market was 257 days. It is currently assessed at $348,100.
The median price point sale is represented by the property at 192 Woodlands Road in Alton. This contemporary home was built in 1952 and has 3,546 square feet of living space, three bedrooms, and three and a half baths. This home faces the "broads" so it was designed with lots if windows to bring in the spectacular views. The home has two family rooms, a sun room, hot tub room, gleaming hardwood floors, massive stone fireplace, attached three car and detached two car garages, and a whole house generator. The home sits on a 2.42 acre lot with extensive stonework, patios, walkways, and 200 feet of frontage. This home was listed by Ellen Mulligan of Coldwell Baker RB/Center Harbor for $1.575 million. The price was reduced several times with a major $200,000 reduction in August down to $1.195 million. That sparked four offers with the winner coming in at $1.2 million. Total time on market was 707 days. It is assessed for $1.062 million.
The highest dollar sale honors go to the home at 55 Banfield Road in Tuftonboro. This lovingly restored turn of the century (the last one, not this one!), 3,600 square foot lake cottage exudes lake front charm. The home has five bedrooms, two and a half baths, luxurious kitchen and baths, lots of natural woodwork, wainscoting, multiple fireplaces, and a wonderful covered porch. A lake home is supposed to look like this one. The home sits on a .95 acre lot with Southwesterly views, mature landscaping, 155 feet of frontage, and an over the water boat house. This home was listed by Geordy Hutchinson of Yankee Pedlars Real Estate in Wolfeboro and sold after just eleven days for $100,000 less than the $2.9 million asking price. It is assessed at $1.3 million. This is a nice, nice property!
The only sale on Winnisquam in September 2014 was at 4 Leighton Ave North in Laconia where a 1930s vintage, 1,684 square foot, two bedroom, one and a half bath year round home found a buyer after just 50 days on the market. This home was move in ready and sits on a level .36 lot with sunset views, 60 feet of frontage, a dock, and one car garage. This home was listed at $469,500 and has an assessed value of $372,600. It sold for $445,000 and was represented by Kay Huston of Coldwell Banker RB Center Harbor.
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 10/8/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
- Category: Columns
- Hits: 644