New Hampshire’s Four Largest Lakes Lack Inventory

Housing Inventory Lacking - Lake Winnisquam, NH

As we’re nearing the 1st quarter of sales activity in the Lakes Region, I thought I would compare the closed waterfront home sales on several of our major lakes to the same period in 2020:

Lake Winnipesaukee (1/1/2021-3/24/2021 without islands):

  • There were 13 waterfront home sales.
  • 3 sales were in Alton, 3 sales in Tuftonboro, 2 sales in Laconia, 2 sales in Meredith, 2 sales in Moultonborough, and 1 sale in Wolfeboro.
  • The average sales price was $1,627,115.
  • The Median sales price was $1,650,000.
  • Total sales volume was $21,152,500.
  • The average days on the market was 170.
  • The median days on the market was 68.
  • The lowest sales price was at 210 States Landing Road in Moultonborough at $725,000. The property included a .75-acre lot with 150 feet of shorefront and a rustic 2-bedroom, 1-bath 796 sqft seasonal cottage.
  • The highest sales price was at 19 Sawyer Point Road, Tuftonboro, at $3,250,000. The property included 1.1-acres with 220 feet of shorefront with a custom 5-bedroom, 6-bath 6,500 sqft log home with a 3-car garage, double bay boathouse, and inground pool.

Lake Winnipesaukee (1/1/2020-3/24/2020 without islands):

  • There were 14 waterfront home sales.
  • 6 sales were in Moultonborough, 3 sales in Alton, 2 sales in Laconia, 2 sales in Meredith, and 1 sale in Wolfeboro.
  • The average sales price was $1,787,803.
  • The median sales price was $1,310,000.
  • Total sales volume was $25,029,250.
  • The average days on the market was 53.
  • The median days on the market was 33.
  • The lowest sales price was at 87 Harglen Lane, Laconia, at $470,000. The property included 0.62-acres with 125 feet of shorefront on a small cove separated by a railroad track overpass to Paugus Bay with a 674 sqft cottage.
  • The highest sales price was at 73 Spindle Point Road in Meredith at $4,900,000. The property included 3.04-acres with 407 feet of shorefront and approximately 8,426-sqft of living space.

My observations:

  • A very similar number of sales year to date.
  • Average sales price lower in 2021 because of the $4,900,000 sale in 2020.
  • Median sales price higher in 2021, resulting in a 25.95% increase over 2020 because of the limited supply of inventory for sale.
  • Median days on the market lower in 2020 surprised me (33 vs. 38)
  • Total sales volume was 18.3% higher in 2020 vs. 2021 because of the limited supply of inventory for sale.
  • At the present time, there are only 17 waterfront homes for sale on Lake Winnipesaukee with 240 miles of shorefront. There is huge demand this season for acquiring properties on New Hampshire’s largest lake. It will be a difficult year for Realtors® with a limited amount of inventory for sale.

Lake Winnisquam (1/1/2021-3/24/2021):

  • There were only 2 waterfront home sales.
  • 1 Sale was in Meredith, 1 sale in Sanbornton.
  • The median sales price was $1,082,500.
  • Total sales volume was $2,165,000.
  • The median days on the market was 3.
  • The lowest sales price was at 3 Bay Road, Sanbornton, at $875,000. The property included a 0.45-acre lot with 221 feet of shorefront, 2 docks, sandy beach, and a lake home with approximately 3,252 sqft of total living space.
  • The highest sales price was at 37 Stoney Brook Road, Meredith, at $1,290,000. The property included 0.37 acres with 80 feet of shorefront and featured a 4,768 sqft lake home in a quiet area of New Hampshire’s fourth-largest lake.

Lake Winnisquam (1/1/2020-3/24/2020):

  • There was 1 waterfront home sale, and it was located in Belmont.
  • The sales price was $265,000
  • The days on the market were 202.
  • The sale was at 120 Sunset Drive, Belmont, at $265,000. The property included 0.29-acres with 71 feet of shorefront located on a canal. The lake cottage included 992 sqft of living space.

My observations:

  • Little to observe for comparisons, 1 sale in 2020 located on a canal, NOT true water frontage for comparison.
  • Lake Winnisquam has seen a real leap in values over the past year and three months compared to previous years.
  • The existing inventory has sold off. At the present time, there are no waterfront homes for sale. When you consider the lake has 28.2 miles of shoreline and how many homes are located on each mile, it’s very rare to see the inventory level at zero! It will be a difficult year for Realors®, all of them have customers for the lake, and there is no available product.

Squam Lake (1/1/2021-3/24/202):

  • There were NO waterfront home sales during this period.

Squam Lake (1/1/2020-3/24/2020):

  • There were NO waterfront home sales during this period.
  • There are presently only 2 waterfront homes for sale on Squam Lake today.
  • With strong demand, competition for listings will be ough as it is every year.

Newfound Lake (1/1/2021-3/24/2021):

  • There were 2 waterfront home sales in Bridgewater and Bristol.
  • The median sales price was $1,215,000.
  • The median days on the market was 8.
  • The lowest sales price was at 171 Shore Drive in Bridgewater for $1,500,000. The property included a .55-acre lot with 110 feet of shore frontage and a lake house with 3,088 sqft of living space.
  • The highest sales price was at 185 Pikes Point Road in Bristol at $1,280,000. The lot included 1.21-acres with 96 feet of shorefront, and the lake house includes 3,772 sqft of living space.

Newfound Lake (1/1/2020-3/24/2020):

  • There were NO waterfront home sales during this period.

My observations:

  • At the present time, there are NO waterfront homes for sale on the lake.
  • Considering there are 22 miles of shoreline, it is rare to see no waterfront home for sale.
  • It looks like 2021 will be a difficult year for Realtors® on Newfound. There’s always a strong demand for this crystal clear lake.

You can see from the above that there is strong demand and very limited inventory on our major lakes. It is without question the best possible time to sell your waterfront property.

 

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

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 properties sales data was compiled by a NEREN map search on 03/24/2021 at 3:00 pm EST 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.

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