Lake Winnipesaukee Waterfront Report - January 2019
7 Waterfront Homes
sold in December of 2018. This is half the amount that sold the month prior however these homes sold on average for a higher price, a close price to asking and with less days on the market. While things are selling closer to asking and with less days on market. If we look to December 2017, 22 homes closed on the lake! The faster moving market has left us with less to sell! And the buyers are abundant! One of the properties that closed last month, 106 Old Keywadin Rd in Wolfeboro was off the market when it went under contract. It expired in October with an asking price of $2,999,000 with 168 days on market. It ended up closing for $2,744,100.
Moultonborough claimed three of the seven sales last month one was our listing on Curtis Lane that sold for $15,000 over asking and was under contract in just 7 days. This was a unique property that drew many inquires but was not as many expected. It has over 5 acres of land...so the calls from builders, investors and buyers who are looking to build or remodel a lake house and have FIVE acres...for $535k sounded great... well that is too good to be true indeed. So yes you can have five acres and buy a place for just over $500k but you can't have five acres for just over $500k and expect an open square like lot with 5 acres... it is unrealistic and something many buyers do not realize. The 5 acres had a brook running through it with boulders with a narrow shape with limited access.
This is an entry level price point for waterfront owned privately on the lake that is not an Island property. What one can expect is a smaller sized lot, average of 50-100 feet of waterfront and a small cottage/cabin usually seasonal. This varies town to town but is a good idea of a $500k price point for shopping purposes.