2011 Market Statistics for Lake Winnipesaukee Waterfront Sales

Our company, Lakes Region Realty, is a leader in Lake Winnipesaukee waterfront sales.  We were happy to see that 2011 saw an increase of nearly 10% in the number of total transactions on the "Big Lake." We remain optimistic that this trend, which started in 2009, and which is reflected in the number of pending waterfront sales in the first quarter of 2012, will continue. Interest Rates have never been better. There were 107 Lake Winnipesaukee waterfront home sales in 2011, with six of them selling for more than $2,400,000 and eight of them closing for more than $1,800,000.  Our Moultonborough office was involved with four of the eight sales over $1,800,000, representing the Buyer and/or Seller, according to statistics drawn form the Northern New England Real Estate Network.

Top Selling Firm for Meredith & Moultonborough Winnipesaukee Waterfront Sales 2011

For Lake Winnipesaukee waterfront sales in the towns of Meredith and Moultonborough combined, we transacted 25 sales compared to 19 and 8 sales by our 2 nearest competitors. For Moultonborough dollar volume, we had $16,891,500 compared to $9,056,000 and $2, 991,750 by our 2 nearest competitors.* (Statistics drawn from the Northern New England Real Estate Network for the year 2010, and for Lake Winnipesaukee real estate in the town of Moultonborough, NH).

Lake Winnipesaukee Real Estate Market Trends 2012

Pending and Contingent Lake Winnipesaukee Sales as of March 17, 2012

As of  Saturday March 17, there are eleven pending and contingent Lake Winnipesaukee home sales according to the Northern new England Real Estate Network.  Of these eleven Winnipesaukee home sales, the five contingent home sales have an average listing price of $942,760 and an average number of days on market of 286. The six pending

Winnipesaukee home sales have an average listing price of $1,330,255, with a high listing price of $3,100,000 for 13 Friends Point on Tuftonboro Neck and a low listing price of $599,000 for 83 Chase Point, Tuftonboro.  The average number of days on market for the six pending sales is 315.  13 Friends Point is a 1920 Winnipesaukee cottage on 1.75 level acres with 400 feet of stunning Winnipesaukee waterfront. 83 Chase Point is a 1960 cottage on .50 acres with 76 feet of Winnipesaukee waterfront.

 The Average Selling Price of Winnipesaukee Home Sales is Rising

The average selling price of Winnipesaukee homes is rising as we near the end of the first quarter of 2012. As far as NNEREN statistics, on Sunday March, 4th, there were 15 pending and contingent sales on Lake Winnipesaukee, but the average listing price of the Lake Winnipesaukee pending sales was only $955,320. The average price of the contingent sales was $965,767; the average/median days on market for contingent sales was 216/183; the average/median days on market for pending sales was 231/180.

There is one pending land sale on Lake Winnipesaukee.  This waterfront land parcel on Lake Winnipesaukee listed for $949,000 and was the last parcel available in the Powers Road, Meredith subdivision.

Winnipesaukee Waterfront Sales in 2012 year to Date (Closed as of March 17, 2012)

As of March 17, 2012, nineteen Lake Winnipesaukee homes with owned waterfront have closed according to statistics in the Northern New England Real Estate Network .  The average selling price was $783,447 and the average number of days on market was 200 for these Winnipesaukee home sales. Closing the week on March 18, 2012, was the 24 Notla Lane Alton waterfront, which listed for $549,900, which is a 1950 cottage on .36 acres with 100 feet of waterfront

Other March 2012 Closed Winnipesaukee Home Sales

7 Blackey Cove Road, Moultonborough closed  on March 2, this 1989 built 3 bedroom home with western exposure  and a sand beach closed for $1,140,00.  The Listing price was $1,499,000.  102 Deerhaven Road, Moultonborough  also closed this week.  102 Deerhaven had a listing price of $999,000 and closed at $935,000.  Our Firm worked with represented the sellers of both properties and the buyers of 7 Blackey Cove Road, Moultonborough.   Please contact me if you have questions about these sales.

Decades of Leadership by Lakes Region Real Estate Broker/Owner.

Part of our strength is that we have had the same Broker/Owner for decades who has 34 years experience in real estate sales as well as developing and building in the Lakes Region.

Recent waterfront home sales in Meredith and Moultonborough included 41 Cook's Point Road, Moultonbrough, NH.   41 Cooks Point is a 1969 year round cottage on .67 acres with 287 feet of Lake Winnipesaukee waterfront in Moulotnborough's desirable Kona area.  This property has southwest exposure and panoramic, long lake views to Gunstock Mountain!  With wonderful privacy and crystal clear sandy bottom waterfront, this rare waterfront property was listed for $1,245,000 and closed on August 15, 2011 for $1,100,000.  It was listed by officemate Kalthleen Kelley and sold by  me, Nicole Watkins.  (Listed and sold by Lakes Region Realty Group.)

114  Powers Road, Meredith closed August 16, 2011.  It was listed for $875,000 and sold for $842,000.  It was listed by me, Nicole Watkins and also sold by one of my office mates.  ( Listed and sold by  Lakes Region Realty Group).  114 Powers Road is a 2 bedroom recently renovated year round 1981 home with 200 feet of waterfront/beachfront and sited on .70 acres.

Of the 119 Lake Winnipesaukee waterfront homes on the market it Meredith and Moultonborough , not including island properties, 4 are under contract and my firm is working with the Buyer and or Seller in all 4 of these transactions.

(Statistics drawn from Northern New England Real Estate Network MLS as of September 5, 2011)

While there are 37 Lake Winnipesaukee homes offered at $3,000,000 or more currently on the market, 10 of them are in Gilford, NH.  9 of these Lake Winnipesaukee homes for sale for $3,000,000 or more are in Wolfeboro.  Only 12 of them are in Meredith and Moultonborough where most of the Winnipesaukee home sales in this price range are happening.

Of these remaining waterfront homes, Hornet's Nest Point is the only estate on the Northern Shores of Lake Winnipesaukee, that features newer construction, 8 or more acres directly on the lake, and a Lake Winnipesaukee water view. (The Lake Winnipesaukee view is breathtaking). The fact that this luxury estate home has just had a $1,000,000 price reduction puts it in or below the price range of many much older homes and many homes without boathouses and sand beaches around Lake Winnipesaukee. This large distinctive parcel that includes 2 waterfront lots has views to the South, North, and East for the benefits of all day sun.

Luxury Lake Winnipesaukee Market

While the Lake Winnipesaukee high end market may appear to have many homes to chose from, the truth is that for individual buyers, it is often very, very difficult to find the home that suits their many needs, wants, and prerequisites as far as house style, location, design, exposure, and landscape. Despite the magnificence of Lake Winnipesaukee and the wonderful lifestyle that is offered to those living in the Lakes Region, high end Buyers will not buy a home until they find their irresistible home at the right price.

As August is usually the beginning of the prime season for selling high end waterfront homes, the upcoming months will be important for both the Buyers and Sellers of high end Winnipesaukee waterfront homes, as well as for the real estate agents of these lakefront properties. With 4 Lake Winnipesaukee land sales of $600,000 or more so far this year, and one of them at a nearly $3,000,000 selling price, we see that there certainly are people who are deciding to build rather than buy the existing homes offered. (There are, of course, "teardowns" that have been bought with the intention to build in the next few years as well).

Latest Luxury Sales

In this "Buyer's market" 27 Lake Winnipesaukee homes have sold for more than $1,000,000 so far this year. 4 of the 27 Lake Winnipesaukee homes that have sold so far this year were listed at $2,995,000 or more. (These 4 sold for between $2,900,000 and $4,325,000). 2 were Moultonborough sales. 1 was a Meredith sale. 1 was a Gilford sale.  5 of the 6 highest price home sales have been in Meredith and Moultonborough. (The highest price Lake Winnipesaukee waterfront land sale was in Alton for $2,900,000.) As far as Lake Winnipesaukee home sales, it has been a good year for the northern side of Lake Winnipesaukee so far this year.

102 Veasey Shore has just had a new price reduction as of 05/-5/2011, which makes the new offering price on the property to $2.5 million under the original asking price. Please note that my website offers 2 virtual tours links for you to view this extraordinary NH lakefront property. With 13 plus acres, 1250 feet of waterfront, 2 sand beaches and stunning construction that uses cherry, mahogany, and fir on the interior, this is a one-of-a kind property that certainly has to be seen to be appreciated. Call to request a 20 page color brochure with gorgeous 8 x 10 photos of this property showing its sandy beaches, stunning one-of-a-kind custom construction and the distinctive geography of Hornet's Nest Point. Call Nicole Watkins for additional details or to request floor plans (603) 707-7575.

Congratulations to Flanders and Co. Exceptional Homes!   Congratulations also to the owners of 272 Meredith Neck Road!  272 Meredith Neck Road, a Lake Winnipesaukee waterfront estate home for sale, is the Winner of 2 (two) 2011 Cornerstone Awards in both the design and the Build categories.  As this amazing and rare NH waterfront property is currently available on the NH real estate market, you can own your own waterfront award-winning home. As one of many  added value features, the Current Use benefits at 272 Meredith Neck Road cuts taxes approximately in half what they would normally be on a Meredith NH Lake Winnipesaukee waterfront home of this quality and size!!   Also for the value-minded real estate consumer, the low, low heating costs with year round use of the property by the homeowners have been only $2000.00 per year!!  (Closed cell foam insulation and a state-of-the-art radiant heating system make this possible).  Sited on a 23 acre Lake Winnipesaukee waterfront estate parcel with extensive landscaping and irrigation, this property also has 12+ acres of level fields making it an ideal equestrian property. This home has just been reduced to $1,650,000.   This is well below replacement cost and well below the Seller's actual costs to build.

Enjoy partial water views of the boundary of your land from your home. 5000+ sq ft beautifully appointed custom home set on 23+ acres, with 2 lots of record & 170 on Winnipesaukee. The large, cleared area by your own waterfront is perfect for large family gatherings or entertaining large groups of friends. Landscape also features a U Shaped Dock & 300+ sq.ft. waterfront gazebo. A perfect family compound for active people or privacy lovers. The interior of the home has a 21'-3" x 29' Great Room in the walkout basement, just now being completed. Priced almost $600,000 below Seller's costs! Over 12+ acres of level fields. Ideal for NH equestrian property. Extensive landscaping & irrigation. 5 Star Plus Energy rating makes the home supremely comfortable, with consistent temperature throughout the home. (For more  information on this property, contact Nicole Watkins at (603) 707-7575.)

The Builder, Flanders and Co. Exceptional Homes was also the winner of the 2008 Cornerstone Award, Best in Show for their home at 22 Wagon Wheel trail, meredith NH. This Best in Show award is distinctive because all home entries in all categories are pooled to into one group and only one home can be selected to be the "Best on Show". The Cornerstone awards area warded by the New Hampshire Home Builder's Association. Flander's website says it best. "Flanders and Co. is known for exceptional quality, integrity, and accountability when it comes to translating visions of distinctive taste into remarkable dream homes."

Listed by Nicole Watkins of CENTURY 21 Lakes Region Realty, Moultonborough, NH. For more information on this property, contact Nicole Watkins at (603) 707-7575.--

The most recent Lake Winnipesaukee home sale on Veasey Shore Road was 104 Veasey Shore Road.  This property was on the market with 3 different Real Estate Brokers  for a total of 822 days on the market.  Originally on the market for $4,495,000, it was reduced to a final Listing price of $3,499,000.  104 Veasey Shore Road sold for $3.2 million on January 10, 2011.  The home has 4 bedrooms, 7 baths and a total of 4990 square feet on 2.41 acres with 300 feet of Lake Winnipesaukee waterfront.  Built in 1997, the home is an example of the craftsmanship of Wood & Clay Home builders.  The wooded lot with pond, abuts the docking area for Beaver Island Association docking.  It has a 2 bay boathouse and a garage and Guest Quarters both also built by premier Builder, Wood & Clay Fine Home Builders.

The second most recent sale on Veasey Shore Road, Meredith was 136 Veasey Shore Road.  Built in 2000, this 4368 square foot Colonial sits on a sloping 2.15 acre lot with 159 feet on Lake Winnipesaukee.  The beautiful landscaping both on the roadside and lakeside features a manicured lawn, stonewalls, walkways and a cobblestone entrance at the foot of a steep driveway. Striking interior features include the custom woodwork throughout the home.  The library with full mahogany recessed paneling and bookcase is an example.  Rarely is a library seen in a Winnipesaukee waterfront offering and unique features are always memorable.  Part of the acreage for this property is on the opposite side of Veasey Shore Road, where the detached 2 car Carriage House with a 720 square foot bonus room/ work-out room.  The detailed finish work was certainly noted and appreciated by the customers who I brought through this home when it was on the market.  This property had the least amount of waterfront of any waterfront home offered on the market in 2010 (159 ft. on Lake Winnipesaukee.)  The waterfront of 136 Veasey boasts a 3 slip permanent dock and of course the big lake views that are found on much of Veasey Shore Road.  On the market for 59 days, the property was pending as of 08/09/2010 and closed 11/18/2010.

Another recent sale on Veasey Shore was 26 Veasey Shore, which listed for $995,000 and closed for $825,000 with a toal of 243 days on market.  With 1,946 square feet  the 1940 seasonal camp is sited close to the water's edge on this long, narrow parcel with 1.72 acres.  This parcel of land is unusual for Veasey Shore as it is accessed from Cottage Road.  Cottage Road  is the location of more camps and cottages than Veasey Shore Road, which has more estate size lots and generally larger homes.

Current estate listings on Veasey Shore Road include 102 Veasey Shore Road, which is one of the most private properties currently available on the market, with 1250 feet of waterfront and a total of 13 plus acres, offered at $7,495,000.  CLICK HERE for the VIDEO of 102 Veasey Shore Road. CLICK HERE to view the new virtual tour of the interior of the Carriage House (with a couple of photos of the exterior of the main house at beginning of the tour).  CLICK HERE to view an 8 page photogallery of this property shot in November. (Please note that 102 Veasey Shore has seen a $2 million price reduction on the combined parcels since the original list price of $9.5 million).  Please note that 102 Veasey Shore Road is also offered with the  Main House, Carriage House, Boathouse with 2 30 foot slips, also built by Wood & Clay Fine Home builders sited on one 2.16 acre lot of record with 300 feet of Lake Winnipesaukee waterfront.

Another current Winnipesaukee waterfront home for sale is 76 Veasey Shore Road, which is offered at $2,950,000 and has 237 feet of waterfront and 11.24 acres.  A picture is worth a thousand words......so CLICK HERE for a virtual tour of 76 Veasey Shore Road.  (Please note that 76 Veasey Shore has seen a $200,00 price reduction on its waterfront lot).

Another listing on Veasey Shore's magnificent waterfront is 46 Veasey Shore, a new construction home that offers some of the most exceptional views on Lake Winnipesaukee.  CLICK HERE for the virtual tour.

Click to launch the full edition in a new window Publisher Software from YUDU

This new construction, 2008 built contemporary farmhouse style home was built by award-winning builder Flanders and Co..  Flanders and Co. Exceptional Homes is known for attention to detail and unsurpassed expertise in building energy-efficien, cost-efficient  New Hampshire homes. (The heating bill for this "lived in year round" 5000 SF home has been only $2000 a year!!)

This 6 bedroom home has over 5000 square feet, with the basement and guest wing just now being finished.   The flooring on the first floor is Carlisle reclaimed, red oak from a tobacco barn for a warm, rustic charm.  6 zone radiant heat throughout the home except in the Guest Wing bedrooms immediately above the garage. With 23 plus acres, 2 lots of record, and 170 feet of waterfront this property would be ideal for the active vacationer or year round privacy seeker.

The waterfront landscape features a U-shaped dock with ample room for your boats.   Along the shorefront's edge, a large perched sandy beach is sited perfectly for the enjoyment of children and parents.  The beach has granite steps to a large, sandy bottomed swimming area.   A sprawling gazebo for relaxing and enjoying your beautiful lake views and for storing canoes, kayaks, and toys is also sited along the level, expansive waterfront.  With lots of pasture land,  272 Meredith Neck Road would also be a perfect equestrian property or family compound.

The offering price is well below the actual cost to develop and build this property.  Due to Current Use benefits, taxes are low.  Offered at $1,740,000......nearly $500,000 below cost. CLICK HERE to request a 20 page brochure. Don't you know someone who doesn't want to miss this opportunity?   Contact me, Nicole Watkins, Exclusive Listing Agent for detail and brochure.  Direct: (603) 707-7575  Corporate: (603) 253-7766.

CLICK HERE to view the NEW Carriage House interior photos (12/02/2010)  at Hornet's Nest Point ( 102 Veasey Shore Road,  Meredith NH. )

Hornet's Nest Point is currently offered in 2 different ways.  One can purchase the property with 2.16 acres, 300 feet of waterfront house and guest house, totaling 9600 square feet of living space, and a craftsman style boat house for $4,495,000.   Hornet's Nest can also be purchased with all of the aforementioned, and additionally, 2 contiguous lots totaling 950 ft. of Lake Winnipesaukee waterfront and 10.87 acres for a total offering price of $7,495,000.  Contact me with any questions on this breathtaking property. You're also invited to browse the VIDEO & Photogallery of Hornets Nest Point.  Of course, photos can't possibly capture the essence of this property.  Contact me if you'd like an appointment to tour this NH Lake Winnipesaukee estate home for sale.

Some of my predictions for Lake Winnipesaukee real estate sales for the second half of 2009 have already become true. For instance...there are more pending and closed Lake Winnipesaukee real estate sales over $3,000,000 than there were during the same time period last year (January 1, 2008 through October 31, 2008 versus January 1, 2009 through October 31, 2009),

For this same time period, there were 63 Lake Winnipesaukee waterfront real estate sales in 2008 and 64 sales in 2009. The highest price sale for this time period in 2009 was $6.5 million versus a highest sales price of $4.1 million in 2008. The average sales price in 2009 so far has been $1,125,478 versus $1,272,458 for this same time period in 2008. There has been a dramatic upswing in sales prices so far for the second half of 2009. The sales during the first half of the year were primarily below $1,000,000. If the pending sales are an indication of how 2009 will continue, it looks as though the dramatic upswing in sales prices for the second half of the year will continue. The second half of the year will have an unusual number of the highest end sales, even if all of the pending sales don't close this year.

In the first 6 months of 2009, between 01/01/2009-06/28/2009, there have been 28 Lake Winnipesaukee waterfront residential sales. (Not bad for predominantly second home statistics in a down economy).

The median selling price for these Lake Winnipesaukee waterfront homes, in the above- referenced time period, was $760,500. The average selling price was $856,990. The average number of days on market was 128.

During this same time period in 2008, there were 31 Lake Winnipesaukee waterfront home sales. The median selling price during this time period in 2008 was $1,460,000. The average selling price was $1,447,672. The average number of days on market was 148. *

The number of days on maket are slightly fewer this year. The median and average selling prices are down significantly in the first half of 2009 versus 2008, but, in my opinion, that is partly because the number of Lake Winnipesaukee waterfront properties on the market this year, which have less square footage, and which are on canals or narrow waterfrontage, and which are both listed and assessed at under $1,000,000 is a far greater number than last year.

We obviously don't know the statistcs for the second half of 2009 yet. Let's take a look at the second half of 2008 and see if we can predict anything for the second half of 2009. From 06/29/2008 to 12/31/2008 there were 46 (forty-six) Lake Winnipesaukee waterfront residential home sales. The average number of days on market for the second half of 2008 was 230. The average selling price during this time period was $1,040,457.

The median selling price was $786,000. The median selling price for the second half of 2008, therefore is almost exacly the same as the first half of 2009.

With recent high end activity greatly increased in June 2009, my prediction is that the median selling price for the second half of 2009 will be higher than 2008. I also predict that the number of Lake Winnipesaukee waterfront sales over $3,000,000, will be approximately the same as the number of sales over $3,000,000 in 2007 and 2008. (There were a total 5 (five) Lake Winnipesaukee Waterfront home sales over $3,000,000, in both 2007 and 2008.)

(*Based on information from the Northern New England Real Estate Network, for the all of the Winnipesaukee-shored towns ( Alton, Meredith, Center harbor, Moultonborough, Wolfeboro, Tuftonboro, Laconia, and Gilford ) for the above-referenced time period. This information includes residential homes with owned waterfrontage, NOT condos or land Please note that days on market will not be accurate if a property listing has been listed with more than one real estate agency or if the property was off the market for 30 days or more.)