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Winni Waterfront Sales Report - March 2016

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Posted 04-19-2016 at 01:04 PM by Roy Sanborn

Winni Waterfront Sales Report - March 2016

There were eight residential waterfront sales on Winnipesaukee in March with an average price of $1,296,250 and a median price point of $1.125 million. Five of the sales exceeded the million dollar mark. This brings the total to 25 sales in the first quarter of this year at an average of $1,046,300 and a median price point of $825,000. There were 20 sales during the first quarter of 2015 at an average of $816,450 and a median price point of $800,000. So total sales are up 25% and the dollar volume is up 28%. I guess we are off to a pretty good start this year!

The entry level sale last month was at 13 Loon Cove in Alton. This property consists of a 1850 circa cape style home with four bedrooms and one and a half baths on a .84 acre lot with 425’ of frontage. The lot is level for the most part but then dives steep down to the water… but it does have great views. I expect that we are likely to see some new construction here this summer? This property did take a little while to sell. It was first listed in 2009 at $869,000, again in 2010 at $775,000, and then in 2012 for $650,000. It was subsequently reduced to $480,000 (I think reality was beginning to take hold?) and went under agreement for $465,000. Total time on the market was 1,820 days and then it still took another 508 days to close. Not sure what went on there but this was a pretty long process! You gotta have patience to be in this business! The property is currently assessed at $590,800.

The median price representative this month is the property at 22 Watson Shore Road in Moultonborough. This 3,347 square foot, four bedroom, three bath home offers a kitchen with stainless steel appliances, granite counters, and hardwood floors, nice living room with brick fireplace, a first floor master suite, large family room on the second floor, and sunroom. As an added bonus, the detached three car garage has guest quarters above. The house sits on a level .91 acre lot with 200’ of frontage with a sandy beach, large waterside deck, u-shaped dock and great southern exposure. This property also took a while to find a buyer. It was first listed in December of 2012 for $1,185,000 and again in January 2014 for the same amount. It was reintroduced in March of 2015 at $1,135,000 and sold for $1,050,000. Total time on market was 1,065 days. The current tax assessment is $942,500.

The highest sale for the month was on Governor’s Island in Gilford at 18 Broadview Terrace. This 5,152 square foot home has five bedrooms (two of which are on the first floor), four and a half baths, an eat-in kitchen with all the bells and whistles, large gathering room, private office, and second floor family room. The walk out lower level is unfinished but will make the perfect man cave space. Outside there is a three car attached garage plus a detached two car garage so there is plenty of room for the toys. The house sits on a large, level 1.2 acre lot with 150’ of frontage and dock. This property was first listed in March of 2011 at $2.995 million and then reintroduced in February 2015 at $2.795 million. It was reduced to $2.499 million and found a buyer at $2,350,000 after a total of 1,682 days on the market. The current tax assessed value is $1,741,250.

There were two waterfront sales on Winnisquam in March bringing our total to five sales so far this year. That’s five times what we had for sales in the first quarter of 2015! Pretty good start to the year on little Winni I’d say!! The average sales price so far this year comes in at $408,000 which is a pretty affordable price point to get onto the water.

A 1950’s vintage, 720 square foot “rustic” cottage with three bedrooms at 7 Gilman Shore Road in Belmont sold for $215,000 after starting at $279,900 some 457 days ago. It sits on a .26 acre lot with 48 feet of frontage. The saving grace is that it is on town sewer making it much easier to build something not quite so “rustic.” It is currently assessed at $254,300.

The other sale was at 472 Shore Drive in Laconia. This 1963 vintage contemporary is of pre-cast, pre-stressed concrete construction making it one of the more unusual waterfronts in Laconia. It has 3,616 square feet of space, five bedrooms, and three full baths. It features a gourmet kitchen with high end stainless appliances and granite counters, a great room with fireplace, dramatic high ceilings, floor to ceiling windows, a first floor master suite, lots of natural light, and incredible westerly views. The house sits on a beautifully landscaped 1.09 acre lot with 288‘of frontage, sandy beach, and U-shaped dock. This home was first listed in July of 2012 for $1.2 million, again in February of 2014 for $1.15 million, and then in February of 2015 for $979,000. After a final reduction to $849,000 it brought a buyer at $810,000. Total time on market was 1.243 days. It is currently assessed at $686,000.

Data compiled using the NNEREN MLS system
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