A View is the Next Best Thing…
A View is the Next Best Thing…
There were 144 single family residential homes sold in July in the Lakes Region communities covered by this real estate market report. The average sales price came in at $408,724 and the median price point was $275,000. Homes are selling quickly with an average time on the market of just 43 days and they are selling at an average of 97% of the asking price.
We all know that the Lakes Region has some pretty expensive real estate on the water. But there are some off the water properties that pull in some pretty good numbers as well.
This past month, for example, the home at 29 Garden Hill Drive in Gilford that was originally listed at $795,000 sold for $740,000 after 243 days on the market. This 4,766 square foot, contemporary style, open concept builder’s home was constructed in 2014 and has four bedrooms and four and a half baths. The home features a beautiful eat-in kitchen with stainless steel high-end appliances, granite countertops, hardwood flooring, center island, a pantry, and coffered ceiling. A formal dining room with wainscoting and lighted tray ceiling, a living room with built-ins and gas fireplace, a den, and a four-season porch complete the main level. The walkout lower level has a family room and another office. There’s also a three-car heated garage, large deck, patio, and fenced back yard. This high-quality home sits on a 2.4-acre lot with beautiful lake and mountain views.
There is another great view property that sold just down the street at 138 Cotton Hill Road in Belmont. This contemporary style, post and beam home was built on 1987 and totals 5,763 square feet with three bedrooms and four and a half baths. It sits high on a plateau on a nine-acre private lot that provides panoramic views of Winnisquam, Opechee, Winnipesaukee and the mountains beyond. Simply incredible sunsets! The eat-in kitchen features stainless appliances, a center island, and a sitting area with wood stove and brick heath with built-ins. The soaring great room shows off the home’s post and beam structure and has a brick wood- burning fireplace plus walls of windows to bring in the views. There’s also a formal dining room, and a first-floor bedroom suite that is currently used as a den on the main level. There’s also an in-law apartment on the main level with a small kitchen, bedroom, and sitting area. Upstairs is a great open loft area, a sumptuous master suite with amazing views, a large family room, office space and an additional bonus room space over the two-car garage. This home sold at the asking price of $695,000 after 45 days on the market.
I looked back to the first of this year to see just what the highest off water sale was so far, and it turns out it was another view property at 44 Trask Mountain Rd in Wolfeboro and it is a nice one! This property consists of a 6,000 square foot contemporary colonial built in 1996, a 6,000 square foot Lodge/Vintner’s barn, a three-car attached garage with a nanny suite above, and another three-bay equipment garage with animal barn and tack room. The structures sit on a 31-acre parcel with lake and mountain views. This property offered something for everyone. There’s fenced pastureland for horses or cattle, a saltwater swimming pool, a fenced in basketball/tennis court, and a skatepark. You can bet the house is top quality throughout, but the Vintner’s three level barn is the pièce de résistance with huge main floor entertaining and exercise areas, sauna, bar area, utility kitchen, two guest rooms, and two baths. In the lower level is a reproduction Italian wine cellar and tasting area that opens to a patio with two stone fireplaces and a fire pit. This is party central indeed! This property did take a while to sell though. It was first listed back in 2015 for $3.25 million, again in 2016 for $2.5 million, in 2017 for $1.995 million, and this year at $1.54 million with the sale coming at $1.3 million in June. I bet someone is having a great time there right now!
Data compiled using the NEREN MLS system