Winnipesaukee Waterfront Salesre up; Average Sales Price is Down
Lakes Region Realty Group #1 in waterfront transactions on Lake Winnipesaukee (as of 8/31/13)
There were 84 waterfront sales on Lake Winnipesaukee through August 31st 2013. This compares to 80 waterfront sales on the big lake in 2012 for the same time period – that’s an increase of 4.8% year-to-date. However, although sales are up, the average sale price on Lake Winnipesaukee is down 7.54% from the same period last year. The average sales price through August 31st was $884,094 compared to $956,021 for the same period in 2012. We note that there have been four sales over 2 million dollars on Lake Winnipesaukee this year compared to seven sales over 2 million dollars for the same period last year contributing to the lower average sale price for the Lake Winnipesaukee.
The largest sale on Lake Winnipesaukee so far in 2013 has been at 37 Spindle Point Road in Meredith. This spectacular 10,000 square foot Adirondack-style home was originally listed at 4.3 million dollars in 2010. It was relisted at $4,150,000 in 2012 and was sold in June for 3.6 million dollars.
Encouragingly, average “days on market” for properties on Lake Winnipesaukee is down over 25% from 297 days on market in 2012 to 219 days on market in 2013 year to date. On average, properties on Lake Winnipesaukee are selling at 87% of their original list price in 2013 year to date. Interest rates have risen about 125 basis points in the past six months, but are still near historic lows.
Once again this year, Lakes Region Realty Group is proud to be leading the market in Lake Winnipesaukee waterfront sales (as of 8/31/13). We take great pride in our ability to accurately advise our clients. If you are considering the purchase or sale of property in New Hampshire’s Lakes Region, please give us a call today and let us put our experience to work for you!
