The Largest Winnipesaukee Waterfront Sale
THE LARGEST WINNIPESAUKEE WATERFRONT SALE IN HISTORY…
The month of November hasn’t been particularly robust for the housing market in the Lakes Region over the past few years. Let’s face it, the weather turns cold, it is dreary, the tourists are gone, and people start to think a lot more about the holidays than houses. November is certainly not the “prime time” for selling a home. But the buyers that are out looking are definitely serious.
We had a total of 72 residential home transactions last month which I think is fantastic! Last November only 38 homes sold and in November of 2007 there were only 56 sold. The 72 sales registered last month were still well below totals posted in November, 2003 at 104 homes and 2004 at 108 but it sure feels like we have bounced off the bottom just a little for a change!
It is no surprise that almost 60% of the sales were below $200,000 compared to 50% last November indicating again that the first time buyer and bank owned properties are the main game in town. But, remember, I said the serious buyers are out this time of year? There were four sales in November over $1 million, but the big news is that we had the highest price waterfront sale in history on Lake Winnipesaukee at a record $7.8 million! That is one SERIOUS buyer!
This property is located on Wagon Wheel Trail in Meredith and is a spectacular 8.3 acre waterfront lot with 1,500 feet of frontage, 259 feet of beach, and has awesome sunset views to the West and South. The property is surrounded on three sides by beautiful stone and wrought iron walls and has a magnificent stone boat house that cost in excess of $1 million to build. There is an older 2 bedroom ranch style home on the property that will undoubtedly make way for something just a tad larger and more fitting for this beautiful spot. The property was originally listed for $11 million and was on the market for 399 days. Roche Realty Group not only had the listing but brought the buyers!
Both the buyers and the sellers were extremely happy with the negotiated outcome and the seller has already purchased another waterfront estate just a few doors down on Wagon Wheel Trail demonstrating his faith in the Lakes Region Real Estate Market. Who says Christmas never comes early? The holidays this year will be a just a little bit brighter for all those parties involved in this transaction!