There were six waterfront sales on Lake Winnipesaukee in February 2015. The average sales price came in at $787,667 and the median price point stood at $625,000. That's one sale more than February of last year. This puts our total for the year thus far at eleven sales at an average of $922,636 compared to thirteen for the first two months of 2014 at an average of $1,121,782.
The entry level sale was another island property and not surprisingly it was on Rattlesnake Island. This was actually 158 Rattlesnake Island and I can assure you that if the buyer did a walk through prior to close the chances of getting bit by a Rattlesnake were very low. This cottage was built in 1997 and has 1,215 square feet of living space, three bedrooms, and one bath. It is in like new condition and features nice hard wood flooring, natural woodwork, solid panel doors, cathedral ceilings, screened porch, and open deck. It has 100' of frontage and a new 6' x 30' aluminum dock. This property was listed at $279,000, was reduced to $200,000, and sold for $195,000 after 238 days on the market. The current assessed value is $232,000. It seems like a great home and a great value! Now, if the snow will just melt...
The mid-priced sale was at 43 Leeward Shores Road in Moultonborough. This property is a 1948 vintage, 780 square foot, four room, two bedroom, one bath log cabin on a 1.2 acre lot with 200' of frontage with a sandy bottom. The cabin has that classic knotty pine interior, the requisite stone fireplace, and eat-in kitchen (because there's no place else to eat) and a screened porch. Outside there's lots of open lawn area, an expansive perched beach, u-shaped dock, and crystal clear water. The home has a state approved four bedroom septic system in case the new owners want to expand or build a new castle. This home was listed in June of 2013 at $825,000, listed again in May of 2014 for $799,000, and sold for $765,000 after a total of 348 days on the market. The current tax assessed value is $770,000.
The highest sale on the lake for the month was a classic summer lake house built in 1920 located at 17 Stephenson Lane in Wolfeboro. This 1,706 square foot, four bedroom home offers a rustic but charming open concept living area with field stone fireplace, an updated kitchen, a unique split stairway with birch bark balusters and railings leading up to a second floor balcony, a wonderful front porch, and a deck at the water's edge. It sits on a 1.3 acre lot with 236' of frontage with a 6' x 40' dock. This home was priced at $1.75 million and sold for $1.65 million after just 21 days on the market. It is currently assessed at $818,600. I suspect you might see a new home being constructed here.
There were no sales on Winnisquam in February.
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 3/10/15. 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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