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    April 2024 Lake Winnipesaukee Report

    April 2024 Lake Winnipesaukee Report SOLD The real estate market is showing a notable shift, with waterfront properties remaining...

    • Brie Stephens
    • April 16th, 2024
    • 3 min read

    April 2024

    Lake Winnipesaukee Report

    SOLD

    The real estate market is showing a notable shift, with waterfront properties remaining on the market for longer periods as buyers take their time to make decisions. Last month, the average days on market reached 99, with a median of 58 days among the 20 active listings. 

    In a striking sale, one property at 15 Archie Lane in Alton sold for $25,000 above the asking price. Meanwhile, another notable transaction occurred at 35 Leeward Shores, which closed for $4,550,000—$400,000 below the listed price. The sellers had originally purchased this property off-market for $3.2 million in August 2021 as a temporary residence while their primary home was under construction. They made significant improvements, including finishing parts of the basement and making other essential repairs.

    The highest-priced sale last month was at 51 Keewaydin Drive, where a newly constructed, fully furnished home sold for $4,807,000, which was $143,000 below the asking price. Its proximity to a neighboring association proved to be a significant deterrent for many potential buyers, contributing to its 126 days on the market.

    Interestingly, despite some buyers expressing reservations about the location, there was strong appreciation for the property's design and aesthetic. Many prospective buyers are now seeking similar properties in other parts of the lake, highlighting a growing trend in the local real estate landscape.

    Shocking...

    The property at 115 Mount Major Hwy in Alton has experienced an extraordinary surge in value. Originally sold in July 2020 for $289,000, it is now pending sale with an asking price of $1,289,000. Despite only modest improvements, this dramatic increase in value is quite surprising. Located in the tranquil "back bay" channel of Alton Bay, also known as Rand Cove, this property’s appreciation has puzzled market watchers. For a visual comparison, you can view the original listing at $239,000 HERE and the updated listing with minimal changes HERE.

    Additionally, a unique real estate opportunity has emerged at 416 Endicott Street E in Laconia: a live-in boathouse. This distinctive offering allows you to own a piece of the waterfront lifestyle, though it cannot be used as a primary residence and does not permit any form of rentals. This boathouse offers an exclusive escape right over the water, ideal for those seeking a private lakeside haven.

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    About the author

    Brie Stephens

    603-819-8071
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    Brie has always been a devoted enthusiast of the Lake Life lifestyle, with an unwavering passion for New Hampshire and its charming Lakes Region. She thrives in this dynamic, ever-evolving environment and considers herself fortunate to have spent her formative years along the shores of Lake Kanasatka in Moultonborough before embarking on her journey to Lake Winnipesaukee. Brie's early exposure to these pristine lakes ignited her fascination with real estate, setting her on a path of discovery that began as a young teenager. At just 13 years old, she was already cruising Lake Winnipesaukee aboard her Boston Whaler, armed with a camera and real estate magazines, on a mission to study and compare homes. Her family's roots in the region trace back to the 1800s, further deepening her connection to this beautiful area. But it's not just the real estate that captivates Brie; it's the water itself. Her favorite summer pastime is immersing herself in the water and indulging in water sports. Brie's passion for wake surfing is well-known, and she often extends invitations to others to join her on her boat, where she imparts her expertise and shares the joy of cruising Lake Winnipesaukee. As the captain of her vessel, she now cherishes the experience of passing on this love for the water to her daughter, Summer Stephens, all while their loyal golden retriever, Braun, enjoys the wind's embrace from the bow. In Moultonborough, Brie is deeply engaged within her community. She dedicates herself to showcasing local businesses and highlights her husband's company, Stephens Landscaping, and its remarkable projects throughout the lakes and mountains. As a member of the NH & Lakes Region Home Builders Association, she holds the role of Vice President of Affiliates on the Executive Board and has co-chaired their annual Parade of Homes event for seven consecutive years. Brie has also served as a public official on the Town of Moultonborough's Planning Board for three years and sits as a board member for the Lakes Region Chamber of Commerce. Notably, Brie's Client Choice Charity Program reflects her commitment to giving back. She pledges a portion of every real estate commission to a charity of her clients' choice, demonstrating her dedication to enriching the Lakes and Mountains of Central New Hampshire, both personally and philanthropically. In every aspect of her life, Brie embodies the spirit of living, loving, excelling, and generously giving back to her cherished community.

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