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    May 2024 Lake Winnipesaukee Report

    May 2024 Lake Winnipesaukee Report As of today, May 13th, there are 25 exclusive, privately-owned waterfront properties...

    • Brie Stephens
    • May 13th, 2024
    • 2 min read

    May 2024

    Lake Winnipesaukee Report

     

    As of today, May 13th, there are 25 exclusive, privately-owned waterfront properties available on Lake Winnipesaukee. Notably, the investment property on Governors Island, which was acquired by investors at auction for $8,925,000, is now on the market for a staggering $12,998,000. Currently, nine properties are under contract. The inventory dynamics are shifting; although three properties were sold, eight new listings have added five to the total available.

    For those looking to enjoy the splendor of Lake Winnipesaukee for under $1 million—and prefer not to be on an island—the opportunity has arisen once again at 17 Chipmunk Road in Moultonborough. Last sold in the fall of 2020 for $725,000, this property features a level lot with a sandy beach. While it offers an idyllic setting, prospective buyers should note the challenges posed by the type of boat they own; access is through a small inlet, and navigation can be tricky due to the shallow depth and rocks. Despite these navigational hurdles, it remains the most affordably priced property on the lake to date.

    Market Adjusting

    In the recent real estate market, a noticeable stabilization in prices is apparent, and it seems buyers are becoming increasingly wary of overpriced listings. Last month, all three properties that exchanged hands sold for less than their listed prices, spending an average of 37 days on the market. Notably, the highest transaction occurred on Timber Ridge Road, where they listed property at $5.89 million (originally $6,250,000) and ultimately sold for $5.35 million. This sale hinged on the buyer's business deal and required the seller to transition to condo life at Grouse Point in Meredith—a prestigious waterfront community. Timber Ridge stands out for its elevated position, offering sweeping views over the lake and access to a charming "honeymoon" cottage and private dock via a steep path or an ATV ride.

    Interestingly, two out of the three transactions were cash purchases, and two took place in Moultonborough, a low-tax area. And both properties had the highly desirable southwest-facing orientation and walk-in beaches.

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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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