Lakes Region Waterfront Sales Market Report _ April 2010

April was another good month for sales on Winnipesaukee when compared to last year. There were ten sales on the big lake at an average sales price of $1,057,900 compared to only five in April 2009 at an average of $946,000. Sales ranged from a low of $340,000 to $3.8 million with a median sales price of $618,000. For those homeowners that think they have to wait until summer to sell their waterfront because no one is around, all of these homes went under agreement in the winter proving that the buyers are out there looking at waterfronts in the snow. There is never a bad time to sell a good waterfront in Lakes Region.

There were three sales over the $1 million mark. The largest was a newly constructed, 8,000 square foot Adirondack style home at 140 Alpine Park Road in Moultonborough. It was constructed by Scott C. Fuller Development and was originally on the market for $4.6 million, reduced to $4.295, and then brought $3.8 million after 414 days on the market. It goes without saying that this home is high quality throughout and provided all the bells and whistles one would expect in this price range. There are eight bedrooms, seven full baths plus one half bath, the requisite gourmet kitchen, great room, home theater room, exercise room, screened porch, large deck, and fabulous sunsets. The home sits on 2.8 acres with a 288’ sandy beach and separate docking area.

Over at 7 Wyanoke Gate Lane in Wolfeboro, a 3,662 square foot contemporary style home constructed in 1986 that was originally listed for $2,295,000, then reduced to $1.795 million, and sold for $1.53 million. It was situated on a 1.66 acre lot with 152 feet of shorefront with a great sandy beach. This property was only on the market for 159 days. Rounding out the sales over a million dollars is the property at 58 Governor Wentworth Highway in Tuftonboro. This is another contemporary home built in 1986 and has 2,400 square feet of living space on 2.72 private acres with 58 feet of waterfront. It was originally on for $1.96 million, reduced to $1.595 and sold for $1.5 million.

Things had been relatively quiet over on Winnisquambut there were four sales in April which is a good sign. The lowest sale came in at $304,000 for a 1,500 square foot, 4 bedroom cottage at 109 Tucker Shore Rd in Belmont. It has a quarter acre lot with 50 feet of frontage. The other three sales were all in Sanbornton: a 864 square foot, two bedroom cottage at 334 Black Brook Rd sold for $357,500; a very nice five bedroom log cabin with great views at 36 Broadview Drive brought $515,000 (originally offered at $749,000 last year); and the highest sale was at 51 Lower Smith at $643,000 for a older 2,393 square foot colonial with four bedrooms and three baths on an acre lot with 141 feet of frontage and a boat house! Its current assessment is $799,000 so I’d say the buyer got a good deal.

So things seem to be kicking into gear on the lakes and we’re off to a great start for 2010. With over 240 properties for sale on the big lake and over 20 on Winnisquam there is something out there for every waterfront buyers taste, lifestyle, and pocketbook! Check them out...


For Winnipesaukee Sales Details Click Here : Winnipesaukee
For Winnisquam Sales Details Click Here : Winnisquam
For the latest Lake Winnipesaukee Listings Click HERE!

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