There were seven sales on Lake Winnipesaukee in January, 2017, and all but one were over the $1 million mark, The average sales price came in at $1,664,571 and the median price point was $1,500,000.
The entry level sale this month, at $825,000, was a little higher than usual because it was a mainland sale rather than the usual island property that garners this honor. This property was at 48 Lucerne Ave in the Weirs in Laconia. It is, or was, a 1921 vintage, six room, three bedroom cottage on a 1.2-acre lot with 190 feet of frontage and an existing u-shaped dock. From what I could see driving by, I believe the cottage is gone now and I expect that something more substantial will take its place. The property was originally listed at $899,000 and was on the market 220 days. It is assessed at $468,400.
The median price sale representative is located at 426 Gov. Wentworth Highway in Tuftonboro. This property consists of a 1973 vintage open concept four bedroom home plus three rental cottages, a grandfathered boathouse and a large garage/barn structure on 5.91 acres with 355 feet of southwesterly facing sandy frontage. Not too shabby! This property was first listed back in 2013 at $2.5 million, re-listed at $1.9 million, reduced to $1.65 million and sold for $1.5 million after some 1,245 days on the market. The property has been subdivided into two separate lots so I expect we'll see some new structures being built there as well. The property is assessed at $1,579,100.
The highest sale for the month was at 150 Smith Point in Alton. This was another multi-structure property called Camp Fisher. It consisted of a fabulously charming old style lake house built in 1912 with the most wonderful porch you'll ever see, four seasonal cottages totaling 17 bedrooms, and a two-bay boat house on six acres with 700 feet of frontage. This was the way Winnipesaukee used to be! It was originally listed at $3.999 million, was reduced to $3.75 million, and sold for $3.25 million after 355 days on the market.
There was one sale on Winnisquam at 9 Bear Point in Meredith. This 1960s vintage, five-room, three-bedroom home has a fireplace, a great screened porch and sits on a level half-acre lot with 100 feet of frontage looking southerly down the lake. It was listed at $549,000 and sold for $518,800 after just eight days on the market. It is assessed at $472,300.
Visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and sign up for our monthly newsletter. Data was compiled using the New England Real Estate MLS System as of Feb. 13, 2017. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.