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”