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Lake Winnipesaukee and Winnisquam Waterfront Sales Report - January 2011

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Posted 02-10-2011 at 07:19 PM by Roy Sanborn

It’s the time of year when there is actually a lot of activity on Lake Winnipesaukee. The Town of Meredith just hosted another highly successfully Pond Hockey Classic with 152 teams playing on 14 rinks out on the bay. Snow machines are whizzing by and bobhouses are sprouting up all over the lake as ice fisherman claim their favorite fishing spot for the 32nd annual Rotary Fishing Derby this weekend. Waterfront home sales activity was also pretty good in January as five happy new owners also claimed their favorite spots on the lake. The average sales price was $1.17 million and the average time on market was 243 days (not including properties that were listed previously). Four out of the five sales were under the $1 million mark (still a shade more expensive than a really, really nice bobhouse). Last January there were just six sales on the big lake at an average price of $1.45 million, so we are really not off to a bad start this year.

The least expensive sale on the lake was at 126 Castle Shores Road in Moultonborough. This three bedroom, one bath ranch with 1,344 square feet of living space sits right on the water’s edge offering a true lake home feel. The home has a classic knotty pine interior, two living rooms, a screened porch, deck, a detached garage for the toys, deep water docking, and sits on a .33 acre lot with 100 feet of sandy bottom frontage. This home was originally offered at $629,000, was reduced to $539,900, and sold for $485,000 after 178 days on the market. This property is currently assessed for $633,900 so I would say that this lucky buyer got a pretty good deal. What do you think?

Another happy fisherman, I mean buyer, closed on a property in Wolfeboro at 18 North Keewaydin Shore. This cute 1954 vintage, 1,200 square foot, two bedroom cottage has hardwood floors, a knotty pine interior, fireplace, the requisite deck, and has a detached two car garage with storage above. It sits on 1.55 acres (two lots of record) with 71 feet of level frontage and an “L” shaped crib dock. It’s the perfect spot to enjoys some great sunsets…when it warms up that is. This property took 230 days to secure a buyer as it was initially listed at $905,000, reduced to $850,000, and sold for $765,000 which is just under the tax assessment of $783,400.

The largest sale of the month was at 104 Veasey Shores in Meredith. This beautiful 4,900 square foot four bedroom, seven bath, Adirondack home was built in 1997. It features a gourmet kitchen and pantry, living room with cathedral ceilings and stone wood burning fireplace (one of three), a master suite with its own screened porch, game room, two car garage, and a newly completed guesthouse. The home sits on a 2.4 acre point of land looking out at the Beaver Islands with 300 feet of frontage, a two bay boat house, and spectacular 180 degree views. The grounds feature lots of patios, walking paths, extensive plantings, and even a small pond. This fabulous property didn’t sell overnight though…it took 822 nights. The property was originally listed for $4.495 million way back on September 26, 2007, It was dropped to $3.995 million, then to $3.499 million, and finally sold at $3.2 million. The current assessment stands at $2,438,000.

There was only one sale on Lake Winnisquam last month, but that was one more than last January! Located at 372 Leighton Ave North in Laconia, this 1,584 square foot home was built in 2007 and has three bedrooms, two baths, a high end kitchen with granite countertops, a master suite with a private deck, and a full basement. It sits on a half acre lot with 100 feet of frontage and sunset views. Unfortunately, the previous owner didn’t get to enjoy them for long. The bank foreclosed on this waterfront retreat, listed it for $454,900, reduced it to $429,900, and sold it for $399,000 which is well below the $691,700 assessed value!

Even with snow up to their eyeballs, buyers are out looking for waterfront homes and they are dead serious about finding a place for this summer season. So if you’d like to sell this year, you might want to think about getting your property on the market. It’s a good time to go fishing, not only for bass, but for buyers…

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