Lake Winnipesaukee Waterfront Market Report Vol 3 | Page 2

“ How ’ s The Market ?”

~ A Comparison of Lake Winnipesaukee Waterfront Sales Year over Year ~

Lake Winnipesaukee Owned Waterfront

2015

1 / 1 / 15 through 12 / 31 / 15

2016

1 / 1 / 16 through 12 / 31 / 16

Total # of Waterfront Sales

Median Sale Price ($)

Original List Price to Sale Price Ratio

Days on Market

176 $ 816k 89 % 220

183 $ 798k 90 % 141

% Change + 4 % -2 % + 1 % -36 %

Data provided by Northern New England Real Estate Network ( NNEREN ) for the periods 1 / 1 / 15 to 12 / 31 / 15 and 1 / 1 / 16 to 12 / 31 / 16 . Statistics include closed owned waterfront sales on Lake Winnipesaukee ( all lake towns ). Statistics are deemed accurate but are subject to errors and omissions .

Lake Winnipesaukee Real Estate has another strong year in 2016 ~ Lake Winnipesaukee Waterfront Sales up 4 % year over year ~

2016 was another strong year for Lake Winnipesaukee waterfront home sales . There were 183 owned waterfront sales on “ the big lake ” compared with 176 in 2015 ( a 4 % increase ) - and sales are up an impressive 42 % over 2014 when there were 129 sales .

Lake Winnipesaukee waterfront homes also spent less time on the market before finding a buyer . Average days on market decreased from 220 days in 2015 to 141 days in 2016 – a decrease of 36 %! The average sales price on Lake Winnipesaukee was $ 1,098,524 which is down slightly from the prior year ($ 1,100,728 ). The median sale price ( the midpoint of all owned waterfront transactions on Lake Winnipesaukee ) decreased 2 % year over year , however it ’ s important to note that average and median sales statistics are not necessarily indicative of individual property values . There are many factors which contribute to the value of waterfront property on Lake Winnipesaukee including exposure , quality of the shorefront , and location among others . Whether you are pricing your home for sale or are about to make an offer on a Lake Winnipesaukee home , it ’ s important to ask your REALTOR for a market analysis that is mindful of current market conditions , economic data , and recent comparable sales activity .

Jim Mardis

p : 603-340-1796 e : James . Mardis @ Verani . com www . LakesRegionRealEstate . com “ The Source for Lakes Region Real Estate ”