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    November 2023 Lake Winnipesaukee Report

    November 2023 Lake Winnipesaukee Report Inventory The market added 17 new listings of privately owned waterfront properties...

    • Brie Stephens
    • November 6th, 2023
    • 3 min read

    November 2023

    Lake Winnipesaukee Report

    Inventory

    The market added 17 new listings of privately owned waterfront properties on Lake Winnipesaukee, while also closing  9 properties. Although it may seem like a net gain of 8 units in our inventory, it's important to note that 1 has already been sold in November, and 4 are under contract. This leaves only 3 of the initial 17 listings available.

    One standout property is 65 Beede Road in Moultonborough, which sold for an impressive $100,000 over the asking price in just 3 days. Situated in a serene cove around the bend from the "back" of Long Island, this unique 9.63-acre lot includes 4.6 acres directly on the water, with the rest divided into two back lots that can be sold separately or together. It features a gently sloping lot, a walk-in beach, and already holds permit approval for a new construction Timber Peg with 4 bedrooms. The property closed on November 1st.

    Among the nine properties that closed last month, three were island properties. Notably, one, the secluded Littlest Mud Island, was the standout. It sold for a remarkable $200,000 above its asking price within just three days of listing. This is particularly noteworthy as it had previously sold for $1,050,000 in November 2019 after spending 154 days on the market, showcasing the remarkable market shift during the COVID era.

     

     

     

    The highest sale was a newly constructed home on the west facing side of Long Island, Moultonborough, built by Scott Fuller as a spec home, which went under contract after 201 days on the market. It underscores that buyers prefer finished properties over concepts, selling for $5.5 million, excluding upgrade costs.

    The lowest-priced sale offering private access to Lake Winnipesaukee, outside the islands, happened on Castle Shores Rd, Moultonborough, closing at $1,350,000. It featured two cottages by the water and sold $145,000 below asking in just 12 days, with some buyers potentially deterred by front-yard weeds.

    Notably, 46 & 47 Little Bear Island had been on the market for 177 days last summer and never sold, but after 21 days on the market this past August, the property went under contract, closing in October for $51,000 over asking. The only significant change was the timing of the listing- market conditions, emphasizing the impact of timing in real estate.

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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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