By ROY SANBORN, Contributing Writer
There were 15 waterfront transactions on Lake Winnipesaukee in May of 2016. The average sales price came in at $983,962 and the median sales price stood at $766,000. This brings us to a total of 52 sales on the big lake this year so far at an average price of $1,136,896. That compares to 34 sales at an average of $1,015,456 for the same period last year. The biggest jump was in the under $1 million category with 37 sales so far this year compared to 24 last year.
The entry-level sale last month was, not surprisingly, on Rattlesnake Island in Alton, #330 to be exact. This is a 1961 vintage two-room cottage... or perhaps more like one big one with 480 feet of space within 20 feet of the water. You've got a Vermont Castings woodstove to stay warm and an "alternative septic system" which from the pictures appears to be an outhouse. But who cares! This is island living and you are on a nice level 0.7 acre lot with 102 feet of frontage and a dock. This is a great starter cabin and an affordable way to get on the lake. This property was first listed in August of 2013 for $295,000 and has been on the market the past few summers since. It was brought on the market this year at $240,000 and sold for $230,000. The total time on market was 567 days and it is currently assessed at $247,900.
The middle of the road sale price wise was at 346 Sewall Road and this is a pretty nice Wolfeboro road to be on. This property was previously offered as part of a larger $2.2 million package but consists of a 1920s 1,300-square-foot, three-bedroom, one-bath year round cottage on a 0.13 acre level lot with 58 feet of frontage, waterside deck and two docks. The home was refurbished in the 1990s and is literally within steps to the water and a short walk to downtown to get ice cream. Pretty cute! It was listed at $798,000 and sold for $766,000 after 102 days on the market. It is currently assessed at $882,600.
The highest sale for the month was at 217 Damon Drive in Alton. This 5,968-square-foot Adirondack was built in 2008 and has five bedrooms, two full baths, two three-quarter baths and two half baths, ensuring that no one will have to stand in line. But there's more, a lot more! A grand foyer, a two-story great room with stone fireplace, beautiful woodwork and floors, gourmet kitchen and pantry, first-floor master suite, office, lower-level family room, screened porch, three-car garage and lots of glass to bring in the views. The house is perched on a beautifully landscaped 1.26 acre lot with 174 feet of frontage providing great views of the Broads. A breakwater and covered dock provides the new owner's boat with plenty of protection from the weather. This property was listed in October of 2014 at $2.749 million, in April of 2015 at the same number, and again this year at the same number. It went under agreement for $2.6 million after 298 days on the market.
Over on Winnisquam there was but one lonely sale at 15 Lakeside Drive in Sanbornton. This 2,668-square-foot contemporary has three bedrooms, two full baths and an open-concept floor plan with cathedral ceilings and great views of the lake. There's a bonus room that could be converted to another bedroom and a lower-level walkout with a family room perfect for rainy day activities. The house sits on a 0.14 acre lot with 50 feet of frontage. I bet someone is going to have a great summer season there! This property was listed back in July of 2014 for $575,000, again in April 2015 for $524,900, and then again in June 2015 for $524,900 with reductions down to $494,000. It attracted a buyer at $490,000 after a total of 555 days on the market. It is currently assessed at $473,300 and is literally within steps to the water and a short walk to downtown to get ice cream. Pretty cute! It was listed at $798,000 and sold for $766,000 after 102 days on the market. It is currently assessed at $882,600.524,900 with reductions down to $494,000. It attracted a buyer at $490,000 after a total of 555 days on the market. It is currently assessed at $473,300.
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 6/8/16. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
- Category: Columns
- Hits: 545