Below you will find data and insight into what is happening in sales activity on 9 of our lakes here in New Hampshire’s Lakes Region. I have compared the first six months ending on 6/30/2022 to the six-month period ending on 6/29/2023. That data includes mainland, as well as island properties.
Lake Winnipesaukee (44,586 acres)
2022: 34 sales, median days on the market 6, median sales price $2,477,500, Lowest $518,000, highest $8,100,000, total $91,120,000.
2023: 31 sales, median days on the market 17, median sales price $3,025,000, Lowest $550,000, highest $14,000,000, total $123,995,999.
As of 06/29/2023, there are only 22 Lake Winnipesaukee waterfront homes for sale at a median listing price of $2,900,000, 49 median days on the market.
2022: one sale, days on the market 95, sales price $3,000,000
2023: one sale, days on the market 0, sales price $7,000,000
As of 06/29/2023, there is only one Squam Lake waterfront home for sale at a list price of $7,900,000, 3 days on the market.
2022: 7 sales, median days on the market 7, median sales price $1,560,000, Lowest $925,000, highest $2,216,500, total $10,796,500.
2023: 6 sales, median days on the market 30, median sales price $1,800,000, Lowest $964,000, highest $2,485,000, total $10,424,000.
As of 06/29/2023, there are only 7 Lake Winnisquam waterfront homes for sale at a median listing price of $1,695,000, 47 median days on the market.
2022: 2 sales, median days on the market 16, median sales price $2,600,000, Lowest $1,300,000, highest $1,300,000, total $2,600,000.
2023: 5 sales, median days on the market 7, median sales price $1,650,000, Lowest $1,200,000, highest $2,495,000, total $8,380,000.
As of 06/29/2023, there are only 3 Newfound Lake waterfront homes for sale at a median listing price of $2,425,000, 10 median days on the market.
Merrymeeting Lake (1,111 acres)
2022: 3 sales, median days on the market 6, median sales price $1,150,000, Lowest $952,000, highest $1,250,000, total $3,352,000.
2023: one sale, days on the market 313, sales price $435,000
As of 06/29/2023, there is only one Merrymeeting Lake waterfront home for sale at a list price of $1,200,000, 22 days on the market.
2022: three sales, median days on the market 14, median sales price $1,400,000, Lowest $880,000, highest $1,610,000, total $3,890,000.
So far, there have been no sales in 2023.
As of 06/29/2023, there is only one Lake Waukewan waterfront home for sale at a list price of $900,000, 252 days on the market.
2022: three sales, median days on the market 0, median sales price $1,900,000, Lowest $620,000, highest $2,100,000, total $4,620,000.
2023: 6 sales, median days on the market 39, median sales price $1,603,000, Lowest $740,000, highest $2,345,000, total $9,167,000.
As of 06/29/2023, there are only 3 Ossipee Lake waterfront homes for sale at a median listing price of $1,195,000, 195 median days on the market.
2022: three sales, median days on the market 11, median sales price $715,000, Lowest $689,000, highest $880,000, total $2,284,000.
2023: one sale, days on the market 8, sales price $915,000
As of 06/29/2023, there is only one Lake Kanasatka waterfront home for sale at a list price of $939,000, 2 days on the market.
There were no sales in 2022.
So far, there have been no sales in 2023.
There are currently no single-family waterfront homes for sale on Lake Opechee.
- The comparisons I have shown above are self-explanatory and you can see the trends that are occurring. In 2023, on Lake Winnipesaukee, the total sales volume in dollars increased $32,875,999 or 36%, this sharp increase was attributed to two very high-end sales. The first one was in Alton for $13,999,000 and the second one was in Meredith for $14,000,000. These new ultra luxury sales are raising the bar for Lake Winnipesaukee waterfront sales. In talking with our agents and with other offices, it is quite clear that our area lakes are attracting buyers who are looking for the quality in luxury homes most often found in other high-end markets around the country.
- In summary, there is a very strong demand for all waterfront properties in the Lakes Region. Hopefully, over the summer months, inventory will loosen up a bit, the smaller lakes are still showing very little inventory. Winnipesaukee is beginning to show small signs that more product is on the way, however a number of them that are coming on the market are island properties and not on the mainland.
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. Data was compiled by a NEREN search on 06/8/2023 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
