Meredith and Moultonborough Lake Winnipesaukee Statistics 01/01/2023-04/16/2023 Versus 01/01/2024-04/16/2024*

In Meredith for this time frame in 2023 there was only one Lake Winnipesaukee residential sale at $5,575,000 with 5 days on the market.  In 2024 there were 3 sales with an average selling price of $2,341,666 and an average number of days on market of 40. 

In Moultonborough, in 2024 for this time period, the average selling price went up 11.7 percent from 2023 to 2024  and the average number of days on market went down 127.5% in 2024.The Winni market is holding steady.

Below are more details about the Lake WInnipesaukee Residential Real Estate Market 

*Statistics on this page drawn from NNEREN MLS for the time period of 1/01/2023-04/16/2023 versus 01/01/2024-04/16/2024 for the towns of Meredith and Moultonborough for exclusively owned residential real estate.

Moultonborough Lake WInnipesaukee Residential Real Estate trends from January 1, 2024 throguh April 16, in 2024

7 Moultonborough residential listings with owned waterfront closed between January 1, 2024 and April 16, 2024. The average days on market was 22 and the median days on market was 23. The high selling price was $6,300,000, the low selling price was $825,000. The low selling price of $825,000 was for the 1 Lake Kanasatka property in this search.  All the rest were Lake Winnipesaukee home sales. The average selling price for these 7 sales was $3,120,571. The median selling price was  $2,669,000. The total sales volume for this time was $21,844,000. If it has not been for the inclusion of the one Lake Kanasatka sales, the median selling price for the Winnipesaukee only residential sales is $3,324,500.The average selling price without the Kanasatka Sale included was $3,503,166. 

 

 

 

2024 Moultonborough Lake Winnipesaukee Residential Sales 01/01/2024-04/16/2024 

Likewise, 7 Moultonborough residential listings with owned waterfront closed between January 1, 2023 and April 16, 2023.  The average number of days on market was 102 and the median number of days on market was 41.  The high selling price was $5,685,000 and the low selling price was $569,000. The low selling price was for a house on Shannon Brook. This was the one waterfront residential property not on Lake Winnipesaukee that sold in this time frame. The average selling price for these 7 sales was $2,752,000.  The median selling price was $2,500,000.  The total sales volume was $19,264,000. If it had not been for the inclusion of the Shannon Book sale the average selling price would have been $3,115,833 and the median selling price would have been $3,337,500.  

Call me for recent trends in your neighborhood or to request a comparative market ananlysis on your property.

 

 

 

 

The Number of Closed Winnipesaukee  Transactions is Down, but the Average Selling Price is Up.

 

 

9  Winnipesaukee homes with owned waterfront have sold so far this year compared to  twenty Winnipesaukee homes with owned waterfront having been sold in this same time period last year.  In other words, there were 9  NH waterfront Winnipesaukee residential sales in the time period January 1, 2013 - March 24, 2013 versus  20 NH waterfront Winnipesaukee residential sales in the time period January 1, 2012 - March 24, 2012 .

While the number of sales is less than half, the average selling price of NH waterfront homes on Winnipesaukee has gone up significantly this year.  The average selling price is $914,278 as of March 24, 2013 as compared to only $800,525 on March 24, 2012.  The median selling price for these NH waterfront homes on Winnipesaukee as of March 24, 2013 is $678,500 as compared to a slightly lower median selling price  for NH Winnipesaukee waterfront homes of $640,000 as of March 24, 2012.

More Winnipesaukee Homes Listed at $1,000,000 or More are Under Contract in 2013.

 

 

 

 

 

 

One of the most notable changes in the dynamics of the Lake Winnipesaukee real estate market this year is the shift in the price point of many of the contingent and pending Winnipesaukee sales. The shift is so dramatic that March  2013 compared to March 2012 may be a very good indicator for the rest of the year  on Winnipesaukee.  It certainly appears at the moment that the average selling price on Winnipesaukee by the end of 2013 will be considerably higher than in 2012.

As of March 24th of 2012, only 1 Winnipesaukee home with owned waterfront sold for between $1,000,000 and $1,799,999 so far that year.  By the end of August 2012, only4 Winnipesaukee homes with owned waterfront had sold in this $1,000,000 - $1,799,999 price range.

As of March 24, 2013, by comparison, there are 6 Winnipesaukee waterfront homes with owned waterfront under contract with buyers in the $1,000,000 - $1,799,999 price range.  Even if no other Winnipesaukee homes in this price range goes under contract between now and August 2013, by the end of August 2013, we will be well ahead of the number of sales in this price range as compared to 2012.

(If you'd like detailed information on these contingent and pending properties or a comparison of the past 10 years sales, year to date, please feel free to contact me.)

Breakdown of the 9 Winnipesaukee Homes Sold so Far in 2013, Assessed Versus Selling Prices.

 

 

The 4 least expensive homes that have sold so far in 2012, all of which were priced under $1,000,000, had town assessed values that were higher than the listing prices in MLS.  3 of these lowest selling homes also had less than 100 feet of Winnipesaukee waterfront. The 4  higher priced home sales, had town assessments that were lower than the listing prices.   3 of these higher priced home sales also had in common that they had at least 135 feet of waterfront, except for 134 Black Point in Alton, which, though it had only 90 feet of waterfront, did have a nearly 5000 square foot, 2010 built home and a large 1.3 acre lot.   (Please fee free to contact me for a list of these properties and their assessed values and selling prices).  134 Black Point Road, Alton,  the 4th of these higher priced homes, and the only home that closed above $1,000,000 and below $2,000,000, sold for approximatley $120,000 above the assessed value.

What seems to be happening on Winnipesaukee?  Can we use few sales to try to predict a trend?

Of course trends based on a few sales can be reverse within weeks.  However, it may be that there is a trend for properties with less than 100 feet of waterfront and with town assessments under $1,000,000  that is opposite of  the trend for newer Winnipesaukee homes with 100 or more feet of waterfront.    Properties in the latter category may be holding their value or going up slightly in value.  It is ealy in the year, but we can certainly track this to see if this trend continues.

The 9th Winnipesaukee home that sold this year, 34 Boathouse Road, sold at $2,350,000, but as the town assessment does not yet reflect the value of the finished home, we can't yet compare the assessed value to the selling price or listing price of this home.

Please email me or call me with any questions on these sales or to request other Lakes Region real estate market information. You can also use my website to view all current Winnipesaukee real estate, search by lake or town, or search MLS.

 

 

Related articles

• Winnipesaukee Real Estate Market Conditions - 2012 versus 2013.