Lake Winnipesaukee Waterfront Market Report Vol 3 | Page 4

Lake Winnipesaukee Luxury Sales (# of closed waterfront sales at various price points )

< $ 3,000,000

$ 2,000,000 - $ 2,999,999 $ 1,000,000 - $ 1,999,999

8

4 16 12

8 13

32 42

42

2014

2015 2016

In a primarily a second home market the strength of the luxury segment is important to the overall health of our local real estate market . There were 63 Lake Winnipesaukee waterfront sales over 1 million dollars in 2016 . Waterfront sales over 1 million dollars in the seven towns which front Lake Winnipesaukee were down slightly year-over , but sales are still up 31 % over 2014 when there were 48 sales over 1 million dollars .

The largest sale on Lake Winnipesaukee in 2016 was over at 45 Umbrella Point in Wolfeboro . The property was originally listed all the way back in 2005 at $ 13,500,000 . It spent time on and off the market over the next 11 years . The price was dropped to $ 7,500,000 and the property finally sold at $ 7,000,000 .

This sale serves as a reminder of the importance of pricing your property correctly at the time of listing . History shows us that properties perceived to be priced above fair market value lag on the market , and often times end up selling for less than if they had been priced a fair market value in the first place .

45 Umbrella Point , Wolfeboro

Jim Mardis

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