Lakes Region of Waterfront – 2012 1st Half Sales Report
June was a fantastic month as far as Winnipesaukee waterfront sales were concerned. There were seventeen sales at an average price of $940,500 and seven of those sales were over the million dollar mark. That compares to twelve sales last June with ten of those over a million resulting in a higher $1.78 million average. For the first half of the year there have been a total of 63 sales on the big lake at an average price of $909,627 with a total dollar volume of $57.3 million. That’s a 54% increase in total sales this year so far compared to the first six months of 2011 when there were 41 sales at an average price of $1.17 million and a total sales volume of $48 million. I’d say that we ought to be pretty happy with these numbers!
The least expensive sale on the lake (well kind of on the lake) was up in Moultonborough at 279 Paradise Drive. This home is actually on Shannon Brook that provides direct access to Winnipesaukee. This five room, two bedroom, one bath home was completely redone in 2005 and has new flooring, a remodeled bath, new windows, and a new owner. The house sits on a .13 acre lot with 72′ of frontage and two docks and is a short walk down to the Balmoral beach, clubhouse, and tennis courts. This home was originally listed at $275,000, reduced to $219,900, and sold for $205,000 after 239 days on the market. It is currently assessed at $190,500. This was a pretty affordable way to get on the Big Lake.
The home closest to last month’s median price point of $675,000 was the property at 14 West Point Road in Moultonborough. This home is a 1,985 square foot, four bedroom, two bath, prow front contemporary built in 1971. It has had recent upgrades including a new kitchen, baths, carpets, and appliances. It sits on a level .94 acre lot with 100′ of sandy frontage and a dock. This home was first listed in April of 2009 for $735,000, again in March of 2010 for $695,000, and then again in October of 2010 at $675,000. The property was reduced down to $599,000 and sold for $580,000 72 days after the final price reduction. The total time on the market for this home was 1,003 days. It has a current tax assessment of $568,000..
The largest sale on the lake in June was at 44 Knoll Point Road in Moultonborough. This spectacular 4,983 square foot Adirondack has three large bedroom suites, a wonderful great room with a stone fireplace and cathedral ceilings, a gourmet kitchen, a lower level family room with another fieldstone fireplace, wine cellar, a wrap around mahogany deck, and screened porch overlooking the water. There is an apartment over the two car detached garage plus a 30′ x 40′ heated barn for the mechanical horses. There is an outside stone pizza oven and summer kitchen to entertain your guests who will be enjoying the 175′ of water frontage. There is a large, U-shaped covered deep water dock for all the water toys. This home is spectacular and I expect the new owners are ecstatic. This property was listed originally at $2,495,000 in July of 2009, relisted in April of 2011 at $2,195,000, and sold for $1.9 million after a total of 875 days. This property is currently assessed at $2,155,300.
There were two sales in June on Winnisquam bringing the total sales for the first six months to seven at an average sales price of $439,429. This compares to thirteen in the first half of 2011 at an average of $470,204. The largest sale was at 228 Leighton Ave North in Laconia. This year round home built in 1995 has 1,712 square feet of recently renovated living space with an open floor plan, two bedrooms, two baths, an eat-in kitchen, cathedral ceilings, skylights, natural wood work, and a wood fireplace. Outside on the .41 acre lot there is a two car garage, 100’of frontage with westerly views, level sandy beach, dock, and boat house. This property was listed for $548,900 and went pending after only 26 days at $534,000. It is currently assessed for $595,800. Great deal, I think!
Up on Squam, there was only one sale but it was a nice one. The property is located at 414 High Haith Road in Moultonborough and it is a 3,548 square foot Adirondack that was custom built in 2007. It has that old lake home feel with lots of wood, chestnut doors, alder trim, high end appliances in the gourmet kitchen, cathedral ceilings with exposed beams, massive stone fireplaces, and four bedroom suites. The list goes on and on. Outside, the 2.8 acre lot has extensive professional landscaping with 240′ of frontage and a dock. This home was listed at $2.995 million and quickly found a buyer in just ten days at $2.95 million which is also the tax assessed value. Great homes sell quickly! This home brings the total number of sales on Squam to a total of just four for the first six months this year which equals the total for the same period last year.
So Big Winni is up, little Winni is down, and Squam is breaking even. How are the Red Sox doing?
Data compiled using the Northern New England Real Estate Network as of 7/10/12.