There were twenty waterfront sales on Lake Winnipesaukee in August at an average price of $1,156,045 and a median price point of $832,950. That's pretty awesome! It brings our total number of sales for the year to an even 100 at an average price of $1,133,602. That is a 26.5 percent increase over the 79 units sold last year with the average price coming in at $1,086,400. So things are moving pretty well on the water which shows people are...well, probably sick of not having fun!
Once again the entry level sale was on an island, 616 Rattlesnake Island in Alton, to be exact. This circa 1960, 1,008 square foot cottage has two bedrooms plus a bunkhouse. It features that campy knotty pine interior, cathedral ceilings, newly remodeled bath, and a wonderful screened porch. The really cool deal is it has a 17' x 32' deep water boat house and a 26' dock. It sits on a .92 acre lot with Southeastern exposure and 158' of frontage. This retreat was first listed in 2013 at $360,000, then in 2014 at $350,000, and this year at $315,000. It sold for $303,000. The total time on the market was only 179 days as it was listed just for short period of time each year. The current tax assessed value is $358,100.
The median price point sale is represented by 164 Paugus Park Road in Laconia. This 3,226 square foot, five bedroom, three bath ranch home was built in 1982 but had nice updates done in 2002. The open concept floor plan features a kitchen with oak cabinetry, tile backsplash, and beautiful maple hardwood floors that extend throughout the dining and the living room which also features a gas fireplace. There are three bedrooms on the main level with two more in the lower level walk out along with a large family room with tile floors and granite wet bar. A huge deck overlooks the spacious lawn area, patio, sandy beach, and 120 feet of shorefront that includes a 45' dock with boat lift. This property was listed originally at $1,050,000 in 2014 but was brought back on the market this year at $999,999, was reduced to $849,999 and sold for $815,900. Total time on the market was 218 days. The current assessed value is $568,100.
The high honors this month go to the outstanding property at 128 Veasey Shore Road in Meredith. This 7,828 square foot Adirondack home was built in 2003 and features a first floor master suite plus four en-suites upstairs. There's a gorgeous custom kitchen with high end appliances, granite, a center island, vaulted ceilings, and amazing lake views plus a formal dining room, a spacious living room flanked by lake views and stone fireplace, an office with cherry built ins, a media room, and lower level family room with its own fireplace. One of the amazing features of this property is the refurbished 1929 vintage live-in boathouse that boasts a vaulted great room with a floor to ceiling fireplace, kitchenette, two bedrooms, and a screened porch with another fireplace. But the pièce de résistance is the 2.1 acre lot and setting on Veasey Shore Road in Meredith which provides stunning panoramic views, calm waters, a natural sandy beach on 171' of shorefront with a 110' permanent dock and a 20' x 30' patio at the end. This is a fabulous property, but it did not sell overnight. It was first listed in 2007 for $4,495,000, then reduced to $3,995,000, listed again in 2011 for $3,799,000, listed in 2013 for $3,499,000, in 2014 it was $3,799,000, and finally this year at $3,499,000. It sold for $3,150,000. The total time on market was 1,499 days and that had to be a lot of work! The current assessed value is $2,798,800.
There were five sales on Winnisquam in August (kinda.) They included a 1940s three bedroom cape at 14-4 Hill Road in Tilton that sold "as-is" for $124,000. That tells you something. It has a deeded right of way to the water so that's the "kinda." There is a 1965 vintage three bedroom ranch with 785 square feet living space and two bathrooms on a nice .27 acre lot with 140' of frontage on the pond at 36 Tucker Shore Road in Belmont that sold for $280,000 which was a pretty good buy. Also, at 67 Tucker Shore Road was a larger 2,227 square foot three bedroom contemporary home built in 1992 that sold for $680,000. So, even Winnisquam was rocking in August. Let's hope we finish off the autumn sales season just as strong!
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 9/15/15. 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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