Area Lakes Show Considerable Appreciation

Below you will find data and insight into what’s happening in sales activity on 8 of our lakes here in NH’s Lakes Region. We have seen considerable appreciation of area waterfront homes with increased buyer demand in the past year.

I’ve compared the most recent 12 months (10/21/20-10/21/21) to the previous 12 (10/21/19-10/21/20) involving closed sales of waterfront homes.

Here’s how sales are shaping up on the water:

Lake Winnipesaukee:

• There were 119 Lake Winnipesaukee waterfront homes sold from 10/21/20 to 10/21/21 compared to 114 the previous year.
• The median sales price came in at $1,712,500 compared to $1,400,000 from 10/21/19 to 10/21/20, resulting in a 22.3% increase.
• Sales volume was $242,053,650 compared to $201,802,315 the previous year resulting in a 20% increase.
• The median days on market was 7 compared to 33.
• The highest sales price was $8,500,000 at 78 Powers Rd. in Meredith.
• At present, there are only 9 waterfront homes for sale at a median listing price of $3,200,000.

Squam Lake:

• There were only 6 Squam Lake homes sold from 10/21/20-10/21/21 compared to 6 the previous year.
• The median sales price was $1,830,000 compared to $1,625,000 (from 10/21/19-10/21/20) resulting in a 12.6% increase.
• Sales volume was $12,310,000 compared to $11,531,000 the previous year, resulting in a 6.8% increase.
• The median days on market was 84 compared to 3 the previous year.
• The highest sales price was $3,795,000.
• As of this writing, there are only 3 waterfront homes for sale at a median listing price of $2,100,000.

Lake Winnisquam:

• There were 22 Lake Winnisquam waterfront homes sold from 10/21/20 to 10/21/21 compared to 14 sold the previous year.
• The median sales price was $1,155,500 compared to $780,000 the previous year, resulting in a 48.1% increase!
• Sales volume was $26,557,804 compared to $11,255,000 the previous year, resulting in a 135.9% increase!
• Median days on market was 5 compared to 6 the year before.
• The highest sales price was $2,775,000.
• At the present time, there are only 2 waterfront homes for sale at a median listing price of $2,097,500.

Newfound Lake:

• There were 14 Newfound Lake waterfront homes sold from 10/21/21-10/21/21 compared to 6 sold the previous year.
• The median sales price was $1,280,000 compared to $835,000 the previous year resulting in a 53.3% increase!
• Sales volume was $19,709,500 compared to $5,675,000 the previous year resulting in a 247.3% increase!
• The highest sales price was $2,575,000.
• Currently, there is only 1 waterfront home for sale on Newfound Lake, listed at $1,350,000.

Lake Waukewan:

• There were only 6 Lake Waukewan waterfront homes sold from 10/21/20-10/21/21 compared to 9 the previous year.
• The median sales price was $1,237,495 compared to $715,000 the previous year, a 73.1% increase!
• Sales volume was $7,438,990 compared to $7,336,000 the previous year.
• The highest sales price was $2,055,008.
• Currently, there are 0 waterfront homes for sale.

Merrymeeting Lake:

• 5 Merrymeeting Lake waterfront homes sold compared to 4 the previous year.
• The median sales price was $685,000 compared to $688,250 the previous year.
• Total sales volume was $3,721,000 compared to $2,897,100 the previous year, a 28.4% increase.
• The median days on market was 7 compared to 4 the previous year.
• The highest sales price was $976,000.
• There are 0 waterfront homes for sale at this present time.

Lake Opechee:

• Only 2 Lake Opechee waterfront homes sold compared to 1 the previous year.
• The median sales price was $765,000 compared to $780,000 the previous year.
• Total sales volume was $1,530,000 compared to $780,000, a 96% increase.
• The highest sales price was $860,000.
• At present, there are 0 waterfront homes for sale.

Lake Kanasatka:

• Only 2 Lake Kanasatka waterfront homes sold compared to 1 in the previous year.
• The median sales price was $887,500 compared to $665,000 the previous year, a 33.5% increase!
• Sales volume was $1,775,000 compared to $665,000 the previous year, a 165.4% increase!
• At present, there is only 1 waterfront home for sale, priced at $1,299,000.

So there you have it, a thumbnail report card on how our waterfronts are performing. It has been a very strong year in terms of price appreciation; however, the obstacle in both years has been a lack of available inventory. There is incredible demand out there, and the evidence is conclusive that it’s a great time to be a seller in the Lakes Region.

This article was written by Frank Roche. Frank is president of Roche Realty Group with offices in Meredith and Laconia, NH, and can be reached at (603) 279-7046. Waterfront sales data was compiled by a NEREN map search on 10/21/21 and is subject to change. Please feel free to visit www.rocherealty.com to learn more about the Lakes Region and its real estate market.