Impressive New Construction in the Lakes Region

Lakeside at Paugus Bay

For new construction sales in New Hampshire’s Lakes Region, 2022 has shown very impressive results. When you travel around the region, all of the towns around the lake are dotted with new homes under construction or completed and plenty of remodeling projects. Contractors are in short supply as the demand for new construction has increased due to the number of families wanting to live in our beautiful region. The majority of construction, unfortunately, has been in the upper segment of the market, fueled by soaring land costs and increased construction costs due to continued rising inflation. It’s hard to find a newly constructed home priced under $450,000. The size and quality of the new lakeside homes can be seen in so many areas with lots of new building techniques, modern architectural designs, and unsurpassed features.

There have also been a number of new condominium communities with some multifamily and semi-retired housing added throughout the various communities.

Roche Realty Group experienced excellent sales activity this past year at Brook Hill in Meredith and Lakeside at Paugus Bay in Laconia.

Brook Hill at Meredith is a 70-unit townhouse community with attached garages with full basements. Jeremy Avery of Roche Realty Group commented, “People have been amazed how nice and spacious the units are once they get inside. The homes feature 2,300 square feet of modern open-concept living space with full basements and some walkouts for additional living space. We sold two this week, and we now have 32 units under agreement or closed… we’re very pleased with the results. Almost half of them are sold in the first year.”

Brook Hill Meredith

Brook Hill enjoys a choice private location in Meredith, recognized by Reader’s Digest as “the most charming small town in New Hampshire.” Our sales activity was boosted because of the lack of similar products in this resort town. The 60-acre site sits far back from Route 3, with mountain views off in the distance. Kevin Shaw indicated that “the vaulted ceilings, first-floor primary suites, spacious kitchens with islands, bright sunrooms, hardwood flooring, and private decks drew high marks, and when they get upstairs, customers are amazed at the amount of living space.” Like so many communities around the region, the buyers have been coming from local routes as well as Southern New Hampshire, Maine, Canada, Las Vegas, Lake Tahoe, and Massachusetts. At Brook Hill, it’s been difficult to keep up with the construction with the increased sales activity. It takes time to build a quality home today.

Lakeside at Paugus Bay
Lakeside at Paugus Bay

At Lakeside at Paugus Bay, we have seen similar activity to Brook Hill. Joe MacDonald of Roche Realty indicated, “25 of the 32 total units have been sold or are under agreement nearing closing date. Lakeside is a unique one-of-a-kind complex on the shores of Lake Winnipesaukee. The sunsets, natural sandy beach, landscaping, and docking facilities are first class. The 4.2-acre site with 404′ of westerly facing shorefront in such a convenient location has been a huge draw. We sold four units in the last two weeks.” Jeremy Avery added, “Not all of the people buying have been from Massachusetts. Many of them are from Southern New Hampshire and a couple of other states or are local residents who have been downsizing from their larger waterfront homes into a more maintenance-free one-level modern style of living space with direct elevator access into their private foyers. The expansive balconies, high-end kitchens, soaring ceilings, living areas, and luxurious primary suites have drawn rave reviews for quality and workmanship. The homes range from 2,040 square feet to 3,300 square feet plus each individual unit includes a detached 2-car garage. There are only 7 units remaining for sale. Lakeside can be very proud of its accomplishment.”

 

Many of the buyers have commented on the convenient location close to many restaurants, pubs, grocery shopping, big box stores, golf courses, and the downtown music district in Lakeport & downtown Laconia in addition to the Bank of New Hampshire Music Pavilion.

So overall, the region continues to grow, and there are a few new projects underway, including Lookout Lake Winnipesaukee, The Gardens, 109 Weirs Boulevard, Granite Gate a Plantation Beach, 13 Opechee, and many new high-end homes at Meredith Bay Overlooking Lake Winnipesaukee. In addition to these communities, there are so many luxury waterfront homes being constructed around the region. Have you been over to Governor’s Island recently, Wolfeboro, Meredith, or Moultonborough? A multitude of high-end homes are being constructed, with many older existing homes torn down to accommodate the new construction because of the lack of available lots for sale. On the resale market, Lake Winnipesaukee produced the two highest sales in New Hampshire year to date, which included 270 Governor Wentworth Highway in Tuftonboro at $9,400,000 and 244 Krainwwood Drive in Moultonborough at $8,100,000. Overall there’s a nice pulse of solid activity.

Frank Roche, President of Roche Realty Group, Inc. with offices in Meredith and Laconia, NH

This article was written by Frank Roche, president of Roche Realty Group in Meredith & Laconia, NH. Frank can be reached at (603) 279-7046. Please feel free to visit www.RocheRealty.com to learn more about the Lakes Region and its real estate market.

Moving into new home young happy couple celebrating toast Champagne

Buying a Home? Follow These Tips & Tricks

Spring has officially arrived and launches the beginning of our spring selling season for real …

Read More →
Marketing

How Marketing Real Estate Has Evolved

Back in the year 2000, the world was at the beginning stages of a major …

Read More →
Mount Washington, New Hampshire

New Hampshire — 30 Reasons to Move Here!

With lakes, beaches, mountains, forests, rivers, and the ocean for people who enjoy the outdoors, …

Read More →
New Hampshire Ski Resort

Ski Resorts in New Hampshire Are Ready for Spring Skiing!

It’s been a good week, and mother nature hit our region with a blanket of …

Read More →
Market Trends

Real Estate Market Trends to Follow

I’ve been pulling up some current research on the real estate market on a national, …

Read More →
Carol Mattice

Roche Realty Group Welcomes Carol Mattice

Meredith — Frank Roche, President of Roche Realty Group, Inc, with offices in Meredith and …

Read More →
Kevin Shaw - Roche Realty Group

Kevin Shaw of Roche Realty Group is Top Producer for 2022

Laconia— Frank Roche, president of Roche Realty Group with offices in Meredith and Laconia, recently announced …

Read More →
Lisa Lewis

Lisa Lewis Joins Roche Realty Group

Meredith — Frank Roche, President of Roche Realty Group, Inc, with offices in Meredith and …

Read More →
Wanda Keenan

Wanda Keenan Joins Roche Realty Group

Meredith— Frank Roche, President of Roche Realty Group, Inc. with offices in Meredith and Laconia, …

Read More →
Land for sale

Buy Land in New Hampshire — They’re Not Making it Anymore

The science is in and the more trees a state has, the happier and less …

Read More →
The Price of Real Estate

Did The Price of Real Estate Increase in Your Town?

Everyone’s always interested to see how their real estate values have performed over the past …

Read More →
Laid off employee in recession

Are We Headed into a Recession?

It’s pretty big news lately; Microsoft, Amazon, and other tech companies have laid off more …

Read More →
Price Reduced

2022 vs. 2021 — Is The Lakes Region’s Frenzied Market Over?

It’s that time of year to provide all of you with an update on real …

Read More →
Roche Realty Meredith

Roche Realty Group Reports a Record of $181 Million in Sales

               Meredith- Frank Roche, President of Roche Realty Group, Inc, …

Read More →
Hillside Inn Winter

12 Things To Get You Through The Winter Months

On December 21st, the winter solstice marked the start of when days will begin to …

Read More →
Housing Inventory Lacking - Lake Winnisquam, NH

Lake Winnisquam, NH’s 4th Largest Lake is in Strong Demand

There are literally 273 lakes, ponds and rivers to enjoy in New Hampshire’s Lakes Region. …

Read More →
Interest Rates

Will We Ever See 1980s Interest Rates?

I was with a Realtor® friend of mine this past week, and we discussed what …

Read More →
Hikers overlooking the lake in New Hampshire, voted "Best State to Live in America" in 2020.

Squam Lake — a Lakes Region Treasure

This past summer, I was invited for lunch and a nice boat ride around Squam …

Read More →
Shop Local New Hampshire

Small Business Saturday in New Hampshire!

We have many things to be thankful for here in New Hampshire, plenty of natural …

Read More →
Couple downsizing to smaller home

Does Downsizing Your Home in Lakes Region Make Sense?

There are many things to consider when planning to sell your home to downsize into …

Read More →
Newfound Lake, New Hampshire

Newfound Lake is the 8th clearest lake in US

Newfound Lake is the 8th clearest lake in the United States New Hampshire has a …

Read More →
Echo Lake New Hampshire

New Hampshire Rankings are Impressive!

New Hampshire has always been fortunate to land in many of the country’s top 10 …

Read More →
Lakeside at Paugus Bay

Impressive New Construction in the Lakes Region

For new construction sales in New Hampshire’s Lakes Region, 2022 has shown very impressive results. …

Read More →
Inflation and housing prices

How Inflation Impacts Lakes Region Housing Prices

I was out with a friend this week on Squam Lake, and we were talking …

Read More →
Picture of author in the Grand Canyon

Is Lake Region Real Estate Drying Up Like The Southwest?

I just returned from a trip to Nevada, Arizona, and Utah this past week. Put …

Read More →
Brook Hill at Meredith: New luxury homes in Meredith, NH

Brisk Sales at Brook Hill in Meredith

Meredith— Sales at Brook Hill, a new luxury townhouse community in Meredith, have been exceptional …

Read More →

Impressive Sales at Lakeside at Paugus Bay

Laconia— Sales at Lakeside at Paugus Bay, a new luxury waterfront condominium community on Lake …

Read More →

Four Decades of Change in Lakes Region Real Estate

We were talking in the office the other day regarding how much the real estate …

Read More →
Supply and demand graph, real estate housing

The driving forces in the demand for NH housing

It is no secret that our country has seen some incredible growth in the real …

Read More →
Holderness, NH

Holderness Bridges Big Squam and Little Squam

Holderness is a lakeside community in the foothills of the white mountains on New Hampshire’s …

Read More →
high inflation

Energy & Ukraine Crisis Compared to 1970s Inflation

Russia’s invasion of Ukraine has emerged as a black swan event rattling the world during …

Read More →
Tilton, NH

Tilton — The Gateway to New Hampshire’s Lakes Region

Tilton, New Hampshire, is considered the gateway to New Hampshire’s beautiful Lakes Region because of …

Read More →
Map of USA: How Real Estate Trends affect the Lakes Region

How Real Estate Trends Affect the Lakes Region

New Hampshire’s Lakes Region & New Hampshire Can you believe a new analysis from Zillow …

Read More →
Laconia NH

Laconia, NH — A City on the Rise

The 17,000 resident “City on the Lakes” is nestled on the shores of three of …

Read More →
Two ice sailing enthusiasts on Lake Winnipesaukee.

Waterfront Sales Activity and Real Estate News

Here’s an update on the waterfront sales activity that we experienced over the past two …

Read More →
Tuftonboro, NH

Tuftonboro — “The Diamond in The Heart of New Hampshire”

Located just west of Wolfeboro, Tuftonboro is called “The Diamond in the Heart of New …

Read More →
Aerial view of Lake Winnisquam and Sanbornton, New Hampshire

The Rural Character of Sanbornton, New Hampshire

Sanbornton embodies all that one expects to find in an old New England town. This …

Read More →
Castle in The Clouds is one of Moultonborough's largest attractions.

Moultonborough’s 66 Miles of Shorefront Captivates

By landmass Moultonborough, NH is the largest lakefront community in the Lakes Region with 59.7 …

Read More →
Kevin Shaw - Roche Realty Group

Kevin Shaw of Roche Realty Group is Top Producer for 2021

Laconia— Frank Roche, president of Roche Realty Group with offices in Meredith and Laconia, recently …

Read More →
Wolfeboro, NH — The Oldest Summer Resort Town In America

Wolfeboro, NH — The Oldest Summer Resort Town In America

Wolfeboro: a Brief History Nestled in the foothills of the White Mountains and on the …

Read More →

Roche Realty Group Reports Record of $170 Million in Sales

Meredith- Frank Roche, President of Roche Realty Group, Inc, with offices in Meredith and Laconia, has …

Read More →
Meredith NH

Gilford and Meredith NH – How Do They Compare?

There are 25 towns and cities comprising the Lakes Region. This week I thought I …

Read More →

EM Heath, LLC Acquires 1084 Union Ave in Laconia

The future of Ace Hardware EM Heath LLC in Laconia became solidified this past week …

Read More →
Roche Realty Group Sells Landmark Commercial Building in Gilford, NH

Roche Realty Group Sells Landmark Gilford Commercial Building

Gilford- One of the most visible, historic landmark commercial properties in New Hampshire’s Lakes Region …

Read More →
New Commercial Constructioin in Lakes Region

Commercial Sales Increasing in the Lakes Region

Recently I’ve been outlining the sales activity for residential, waterfront, and multi-family apartments in the …

Read More →
Laconia NH Commercial Building Sale

New Owner for 8,447 Sqft. Commercial Building in Laconia

Laconia— Exciting news for the downtown Laconia district. Another substantial commercial building, including approximately 8,447 …

Read More →

Strong Demand for Multi-Family Apartments in NH’s Lakes Region

Last week I was driving through Loudon Road in Concord in the busy heights area, …

Read More →
NH Lake

Area Lakes Show Considerable Appreciation

Below you will find data and insight into what’s happening in sales activity on 8 …

Read More →
inflation in shopping center / grocery store

More Inflation Concerns

More Inflation Concerns I submitted an article a while ago titled “Is Our Current Inflation …

Read More →
Alpenrose Village Retail Center located at Rte. 11 B / Rte. 3 in Weirs Beach, Laconia

Roche Realty Group Sells Alpenrose Village Retail Center

Laconia, NH – Tom Drouin of Roche Realty Group in Meredith represented both the seller and the …

Read More →

Leave a Comment