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Lake Winnipesaukee and Winnisquam Waterfront Sales Report - November 2010

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Posted 12-10-2010 at 10:14 AM by Roy Sanborn

Buuurrr! Itís getting cold. There were ten sales in November of 2010 on Lake Winnibuuurrsaukee at an average price of $1.55 million and a median price of $1.645 million. The old lake is pretty consistent as there were 10 sales last November although the average was a little higher at $1.835 million and the median was just $925,000. Whatís that mean? Sheís consistent and cold (you just thought of your mother-in-law didnít you?). With one month to go for the year we stand at 87 sales on the big lake at an average price of $1.252 million which is well up from the 74 sales at an average price of $1.144 million for the same period last year. If you recall, waterfront sales were red hot for the first few months of 2010 (it even caused an early ice out) and that contributed to a higher sales tally for the year. Letís hope the trend continues this coming new year.

The least expensive honors go to a five room, three bedroom, 1900 square foot contemporary island retreat on a 1.25 acre lot with 220 feet of water frontage at 804 Rattlesnake Island in Alton. The lot appears to be one of those steep ones but the saving grace is that the property has great views and is bordered by conservation land. The property was bank owned and was originally listed at $284,900, reduced to $199,000, and sold for a mere $150,000. With a listed assessment of $321,400, I would say that this buyer believes in Santa Claus. A great buy!!

Over at 27 Umbrella Point in Wolfeboro, an eight room, four bedroom, five bath, 7,571 square foot contemporary also changed hands just in time for the Christmas season! The listing sheet says it has one of the best lots on the lake (you can check the pictures out on my website---so you be the judge). There are some incredible 180 degree views and gorgeous sunsets to be had from this completely remodeled home which sold completely, and impeccably, furnished! This gorgeous home sits on a three acre lot with 210 feet of sublime waterfront, a boat house with direct access to the home, and a seven car garage (yes, Tiny Tim, everyone needs a seven car garage!) This property was listed at $3.39 million and sold at $2.3 million which was less than the listed tax assessment of $3.15 million. Yup, Santa Clausstrikes again!

The biggest sale on the Winnipesaukee occurred at 14 Calverly Point Road in Tuftonboro. This 6,500 square foot Adirondack has 14 rooms, six bedrooms, and eight baths. Unfortunately, Timmy, it only has a three car garage, but no matter it has two boat houses, a tennis court, and a carriage house. This spectacular home has all the amenities one would expect in this price range including a huge living room, family room, a well appointed kitchen, screened porch, two master suites, several fireplaces, and quality craftsmanship throughout. This home sits on a 4.4 acre lot with 204 feet of frontage and incredible views. This property was originally listed at $3.95 million, was reduced to $3.75 million, and sold for $3 million even. A very Merry Christmas will surely be celebrated in this home!

Over on Lake Winnisquam there were just two sales in November, but there were none last November. The first sale at31 Pine Brook Lane in Laconia is a well maintained and remodeled 1957 vintage multi-level lake home with 2,700 square feet, three bedrooms and two baths. This home is in a nice residential neighborhood on a quiet cul-de-sac and sits on a 1.2 acre lot with a large lawn leading down to the dock on 169 feet of shoreline. Listed at $899,000, it was reduced to $699,000 and found a new owner at $657,657 (must have been the lucky number?). The current assessment after the recent Laconia revaluation is $722,600 so these buyers should be pleased. Just around the corner at 58 Shore Drive, a 4,156 square foot, five bedroom, six bath, stately brick colonial home built in 1941 found a new buyer after being on the market just 14 days. The home sits on a .79 acre wooded lot with 199 feet of westerly facing shoreline perfect for enjoy the sunsets. It was listed at $829,000 and sold for $750,000 which was considerably less than the current $932,100 tax assessment. It looks to me like Santa is visiting a lot of waterfront properties early this year ensuring that both sellers and buyers will have a great Christmas!

With just a few house shopping days before the big holiday, the question is, will he visit you, too?

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