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Winnipesaukee, Winnisquam, and Squam - May 2012 Waterfront Sales Report

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Posted 06-16-2012 at 12:45 PM by Roy Sanborn

May was a great month for waterfront sales on Winnipesaukee with twelve transactions at an average price of $638,231. None of the sales exceeded $1 million, but three were in the $900,000 range. Last May there were only four sales on the big lake but the average sales price did come in higher at $1.053 million. To me, it is just as good to see a lot of properties selling on the lake in the lower price ranges. The year to date total looks fantastic with a 56% increase in sales over the five month period compared to last year. We have had 45 sales so far for a total of $41.2 million at an average price of $915,953. Last year through May we had 29 sales for a total of $26.7 million at an average sales price of $920.483! Pretty great start to the year, I’d say!

Not surprisingly, the least expensive sale on the lake was an island property at 14 Pine Island in Meredith. This charming three bedroom, two bath, 926 square foot cottage has been all redone with new paint, tongue and groove pine board interior, and new windows and doors. The great room features cathedral ceilings, stone fireplace, and lots of glass. There is an eat-in kitchen, loft, and master bedroom with a half bath. Outside is a large deck to lounge on and enjoy the westerly views. The house sits on a 2 acre lot with 215’ of frontage in a no wake zone. It has crystal clear water, a sandy beach, and a 30’ dock for the new owners to tie up to. This home was listed at $339,000 and was only on the market for 12 days selling for $322,500. The current assessed value is $335,700. Great deal!

The move-in ready home at 22 Notla Lane in Alton sold closest to the average price last month at $610,000, but it did take a while and a few price reductions. This home was on the market for 812 days starting at$849,000 before finally corralling a buyer just above that $600,000 mark. This fully updated, open concept home was in move in ready condition so the buyer could enjoy the summer season. It has four bedrooms, three baths, and 2,926 square feet of space. It has a huge kitchen with wood cook top stove, living room with a large stone fireplace, and lots of glass looking out at the 100 feet of water frontage. Outside there is a two car attached garage, new landscaping, and two docks and an open sided boat house. This property is currently assessed at $612,500 so I’d say the buyer got a fair deal…

The largest sale of the month was at 13 Nelson’s Pine Point also in Alton. This vintage 1920’s lake house has 2,294 square foot home has four bedrooms, two baths, and eat in kitchen, a living room with a wood fireplace, and screened porch. The real draw though was the .31 acre lot with 362 feet of frontage, the two bay boathouse, docks, and fabulous views of Alton Bay and the Ossipee Mountains. Somehow, I suspect that there might be a new home planned for this spot. This home was offered last year for three months at $1.275 million and re-listed this season at the same price finding a buyer for $975,000 after only 8 days on the market (Eight Days A Week?). The current assessment is $956,500.

There was only one sale on Winnisquam in May and that was a cute, 1940’s vintage, 848 square foot, three bedroom, one bath seasonal cottage at 8 Leighton Avenue in Laconia. It needs some upgrades to bring it up to today’s standards but it does have potential. The cottage sits on a half acre lot with 133 feet of frontage with westerly exposure, a sandy beach, and a dock. It was advertised as being sold furnished and with a row boat which what I am sure made the deal happen! This property was on the market for 424 days starting at $475,000, was reduced down to $375,000, and then sold for $330,000. The current tax assessment for the property is $512,900. This brings the total number of sales on Winnisquam for the year to a total of five compared to nine for the first five months of 2011. Once again there were no sales on Squam for the month but summer, and buyers, are coming… I hope!

Data was compiled as of 6/7/12 using the Northern New England Real Estate MLS System.

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