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1st Quarter Lakes Region Waterfront Report

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Posted 04-13-2012 at 07:27 AM by Roy Sanborn

Hey! There were fourteen waterfront sales on Winnipesaukee in March! That’s a pretty good month in my book. The average sales price came in at $797,086 and there were three sales over the million dollar mark. Last March there were just six sales at an average price of $986,667. For the first quarter of 2011 there have been twenty six sales on the lake at an average of $807,469 compared to seventeen sales at an average of $857,471 for the same period last year. That’s a 52% increase in total sales and a great start to the new year!

The least expensive home sold on the lake last month was at 24 Notla Lane in Alton. This 1950’s cottage looks like a place where you can really kick back and relax. It has 2,014 square feet of living space with three bedrooms, two baths, a living room with the requisite stone fireplace, lots of windows, and is finished in knotty pine paneling for that lake feel. The third acre lot has 100’ of waterfront and a great little boat house with a deck up top to watch the sunsets from. Pretty cool. This home was listed at $549,000 and was only on the market for 34 days before being snapped up at $497,500 by a happy buyer. The property is assessed by the town at $481,500.

Over in Moultonborough at 7 Blackey Cove there is a beautiful 5,000 square foot contemporary home that also has a happy new owner. This home has a bright open concept floor plan with a wonderful great room with cathedral ceilings, pine flooring, floor to ceiling stone fireplace, and fifteen sets of French doors that open to the large deck with beautiful westerly views on Blackey Cove. The kitchen/dining area has wood ceilings, granite countertops, a continuation of the pine flooring, and lake views as well. There is a first floor master suite, three guest bedrooms upstairs plus a large game room over the attached garage. The walk out lower level has a family room, den, and three "additional" rooms. I wonder what goes on in there? This home sits on a level .7 acre lot with 100’ of shore front, sandy beach, dock, and great westerly sunset views. This property was originally listed at $1.499 million, reduced to $1.499 million, and sold for $1.14 million after 190 days on the market. The tax assessed value is $1,343,100.

The largest sale of the month was also in Moultonborough at 39 Gregson Lane which is also on Blackey Cove. This 3,000 square foot Adirondack was just completed and has the sought after open concept floor plan with the large great room with cathedral ceiling, stone fireplaces, lots of natural woodwork, and a first floor master. There’s an office and a bedroom on the second level and a family room and exercise room in the lower level walkout. The house is listed as a two bedroom home because the size of the lot constrains it to a two bedroom septic, although it says that a three bedroom septic was installed. Confused? Me, too. But I bet the buyer wasn't. Anyway, this home was originally listed at $1.65 million, was reduced to $1.595, and sold for $1.45 million. The tax assessed value is listed at $985,000 because the home was under construction. It won’t stay at that number long…

There were no sales on either Winnisquam or Squam in March which is kind of unusual, but things have been slow on both lakes. In fact there has only been one sale on each lake so far this year. I think we gotta start using better bait…

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