Things are holding pretty steady as far as waterfront sales go on Winnipesaukee. There were ten residential sales on the lake in June of this year. The average price came in at $862,150 with a median price point of $748,750. There were also ten sales last June at an average price of $1,364,018. For the first half of the year there have been 48 transactions on Winnipesaukee with an average sales price of $1,103,389 and a median price point of $740,000 compared to 46 sales for the first half of 2013 at an average sales price of $979,300 and a median price of $792,500. So, it seems it is "steady as she goes" at least for now.
The least expensive sale on the big lake last month was at 13 Marlette Drive in Alton. This 1935 vintage, 1,650 square foot, three bedroom, one bath cottage has had some recent upgrades including granite countertops and new cabinets in the kitchen, a bath remodel, and fresh paint. It sits up high on a .08 acre lot across the street from the water so you have great views of the lake from the front porch. The big thing here is that you also have 50' of frontage across the street on the bay with a boathouse that holds a 24' boat plus two docks outside. Now this property did take a while to sell. It was first listed back in 2009 at $479,900, relisted twice in 2011 for $469,900 and then again for $459,900 with Michael Travis of Prudential Spencer Hughes. It was finally reduced to $399,000 and sold for $385,000 after a total of 1,726 days on the market. That's four and a half years, folks. Whoever said selling real estate was easy? This property is assessed at $256,900.
The mid-priced sale of the month was at 18 Sandy Shores Road in Tuftonboro. This bright and open home was built in 2000 and has a lot going for it with 2,328 square feet of space, three bedrooms, three baths, a large family room over one of the two heated 2-car garages plus it sits on a six acre lot with great views, 131' of level sandy frontage, and a dock. But this was no easy sale, either. It came on in June of 2011 at $1,395,000, in February of 2012 at $1,250,000, and then in March of this year at $995,000 with John Byers of Maxfield Real Estate. It was reduced to $872,000 and then sold for $845,000 after a total of 998 days on the market. It is assessed for $1,381,000.
The highest sale of the month was at 81 Timber Ridge Road in Wolfeboro. This Adirondack home was built in 2011 and has 5,888 square feet of space, four bedrooms, three and a half baths, a hickory kitchen, granite counter tops, the requisite great room with cathedral ceiling and fireplace, first floor master suite, finished lower level, and a family room over the three car garage. This home is extremely well done with attention paid to every detail. The home sits on a .57 acre lot with 101' of frontage, a sandy beach, and a 40' dock to sit on and enjoy fabulous sunsets. This home was listed in July of 2011 at $1.998 million, relisted in 2014 at the same number, reduced to $1.895 million, and sold for $1.81 million after a little over 600 days on the market. It was listed with Randy Parker with Maxfield Real Estate.
There were two sales on Winnisquam in June. One was a new construction, Energy Star certified, ranch style home at 589 Laconia Rd in Tilton. It has 2,048 square feet, three beds, two baths, custom cherry cabinetry, hardwood floors, granite counter tops and a walkout lower level. It sits on a .98 acre lot with 82' of frontage, and is permitted for a 40' dock. It was listed by Sandra Grace at RE/MAX Bayside for $359,000, was reduced to $349,000, and sold for $329,000 after 213 days on the market.
The other Winnisquam sale was at 54 Hill Road also in Tilton. This 1888 vintage, fully renovated lake cottage has 1,451 square feet with four bedrooms, two baths, knotty pine walls, cathedral and wood beamed ceilings, built-ins, stained glass, and lots of charm. It sits on a private .19 acre lot with 50' of frontage with a sandy beach and 33' dock. What more do you need? This property was first listed at $499,000 in September 2012, relisted in October of 2013 at $443,000 with Donna Royal of BHHS Verani Realty, was reduced to $415,00, and sold for $360,000 after at total of 636 days on the market. It is assessed at $370,000, These two sales bring the total number of waterfronts sold on Winnisquam this year to nine compared to five for the first half of 2013.
There was just one sale on Squam in June and that was at 12 Carl Way in Ashland. This cape style home built in 1953 has 1,897 square feet, four bedrooms, two and a half baths, a knotty pine interior, wood burning fireplace, a great screened in porch, and a large deck down at the water's edge. There's also a detached garage with game room above. The home sits on a 1.2 acre lot with 100' of frontage and a dock. This home was listed by Jerry Love at Peabody Smith Realty at $789,000, was reduced to $675,000 and sold for a little over the asking price at $680,000. It is assessed at $639,750.
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 7/16/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.
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