Lake Winnipesaukee Real Estate ~ a note from Jim:
2016 was another strong year for Lake Winnipesaukee waterfront home sales. There were 183 owned waterfront sales on “the big lake” compared with 176 in 2015 (a 4% increase) – and sales are up an impressive 42% over 2014 when there were 129 sales.
Lake Winnipesaukee waterfront homes also spent less time on the market before finding a buyer. Average days on market decreased from 220 days in 2015 to 141 days in 2016 – a decrease of 36%! The median sale price (the midpoint of all owned waterfront transactions on Lake Winnipesaukee) decreased 2% year over year, however it’s important to note that median and average sales statistics are not necessarily indicative of individual property values. There are many factors which contribute to the value of waterfront property including exposure, location, quality of water frontage, and future potential.
Interest rates, which remain near historic lows having given back some of the gains seen right after the election, are widely expected to rise modestly in 2017. Although rising rates may have a slight dampening effect on the market, I often observe that many of our waterfront buyers are all cash buyers who are not dependent on financing for their purchase. As I tell all of our clients, we can’t predict where prices or levels of activity will be in the future, but inquiries to our office from qualified buyers looking to own waterfront homes on Lake Winnipesaukee remains steady and right now the inventory of waterfront homes available for sale is very low.
About Jim Mardis
Jim moved to the Lakes Region from Short Hills, NJ. He started his real estate career in 1977. He opened his first real estate office in Moultonborough in 1980. His company,
Lakes Region Realty Group (formerly CENTURY 21 Lakes Region Realty) became the areas number one office in the sale of waterfront properties on Lake Winnipesaukee multiple times
Jim has also been involved in the development of many Lakes Region residential and luxury lakeside communities having taken these projects from initial land planning and design through the construction and marketing stages. Jim’s projects include: Harbor Pines, Hemlock Harbor, Deerpoint on Lake Winnipesaukee, Crosswinds on Lake Winnipesaukee and the luxury Adirondack community of Iroquois on Lake Winnipesaukee.
In 2014, Jim sold the sales division of his company to Berkshire Hathaway Home Services Verani Realty – the number one real estate firm in New Hampshire. He, and his wife Ann, continue to own the Vacation Rentals division of the company (At the Lake Vacation Rentals, LLC ) and Jim continues to work out Berkshire Hathaway’s Moultonborough office.
Jim has a particular specialization in the waterfront markets of Moultonborough and Meredith and remains active providing consulting and development services as well as customized home marketing services to clients on Lake Winnipesaukee and Squam Lake.
Thinking of Selling Your Lakes Region Home?
Contact Jim to learn more about our Waterfront Marketing program for Lakes Region Home owners
