By Roy Sanborn
There were 15 Winnipesaukee waterfronts that changed hands in August at an average sales price of $827,833 and a median price point of $850,000. That brings the total number of sales to 107 for the year thus far at an average of $972,830. Last year for the first eight months of the year there were 100 sales at an average of $1,133,602. So total sales are up a bit and the average sales price is down a little.
The entry level sale of the month was at 1 Windswept Island in Tuftonboro which was actually an entire island encompassing a whole .26 acres. Talk about privacy! This island retreat was actually owned once by Bob Montana who created and wrote the "Archie" comic books. This one room, 340 square foot cottage has rustic tongue and grove pine interior, wood floors, stone fireplace, cathedral ceilings, and large widows to bring in the amazing views of the Broads. This is a pretty special place and a unique offering for that special buyer. It did take a while to find him though. This property was originally listed back in June of 2011 at $349,000. It has been on the market every summer since and this year it was offered at $299,000 and quickly found a buyer at $255,000. The total time on the market was 976 days and the current assessed value is $219,500. I wonder if someone is drawing cartoons out there right now?
The median price point sale was at 18 First Point in Moultonborough. This spacious 3,399 square foot, three bedroom, three and a half bath home was built in 1982. It has an open concept floor plan, an updated kitchen with cherry cabinetry, stainless appliances, and granite counter tops. The living room has a brick wood burning fireplace and the year round sun room has walls of windows to take in the spectacular views of the lake, Red Hill and the Sandwich Mountains. A secluded second floor master suite has its own den, a kitchenette, and access to a deck with a hot tub. The .66 acre lot provides great privacy, 165 feet of frontage, and a U-shaped dock on a quiet cove. This property was first listed in July of 2014 at $1.25 million, June of 2015 at $929,500, then re-listed in August of 2015 at $890,000, reduced to $869,000 and sold for $850,000. Total time on market was 691 days and the current assessed value is $634,000.
The highest sale of the month was at 177 Kingswood Road in Wolfeboro. This 3,500 square-foot contemporary was built in 1980 and has three bedrooms, three full, one three-quarter, and two half baths. The tasteful gourmet kitchen has white cabinetry, granite counter tops, stainless appliances and hardwood floors. There is a formal dining room, den, and the living room with a gas fireplace to round out the first floor. There is a master suite, a guest suite, plus a recreation room on the second floor and in the lower level there is a family room and a second guest suite. The home sits on a level .86 acre, newly-landscaped lot which has 119 feet of frontage, a sandy beach, new dock and great southern exposure. This home was listed at $2.35 million in July, reduced to $2.25 million, and sold for an even $2 million after 81 days on the market. It is currently assessed at $1.415 million.
Over on Winnisquam, there were six sales in August bringing the total for the year so far to 18 transactions at an average price of $527,656. There were 14 sales at an average of $550,457 for the same period last year.
Sales in August ranged from $279,900 for a three bedroom, two and three quarter bath, 1,127 square-foot home with 45 feet of frontage at 78 Mallards Landing in Belmont to $1.075 million for a 4,295 square-foot five bedroom home with an expansive detached garage with living space above at 55 Cogswell Road in Sanbornton. What made the Cogswell Road property truly special was the amazing 1.72 acre, beautifully landscaped lot with 265 feet of frontage. This is one of the best lots I have ever seen on Winnisquam and the buyers thought so as well. This property was originally listed in 2009 at $1.995 million which was kind of stretching the limits on little Winni. It was re-listed at $1.695 million in 2012, $1.495 in 2015, and $1.195 in 2016. The property was on the market a total of 623 days. It is currently assessed at $758,100.
Please feel free to visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and comment on this article and others. Data compiled using the NNEREN MLS system as of Sept. 13, 2016. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012
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