Below please find a recap of all of the waterfront properties that were sold on Ossipee Lake and its Bays throughout the year and brokered through Real Estate Professionals as reported to (NNERN) Northern New England Real Estate Network.
A total of twenty-four waterfront homes/camps sold during 2012 up in excess of 50% over the prior year. (Condos not included)
| Address | List Price | Reduced Price | Sold Price | ||
| 37 E. Danforth Road, Freedom | 210,000 | 187,000 | |||
| 230 West Bay Road, Freedom | 259,000 | 219,000 | 200,000 | ||
| 49 Abenaki Drive, Freedom | 285,000 | 225,000 | 225,000 | ||
| 30 Bay Point Road, Ossipee | 285,000 | 225,000 | 222,000 | ||
| 5 West Danforth Road, Freedom | 285,000 | 269,000 | 250,000 | ||
| 384 Pequawket Trail, Freedom | 299,000 | 280,000 | |||
| 50 Leavitt Road, Ossipee | 449,000 | 310,000 | 290,000 | ||
| 25 West Danforth Road, Freedom | 325,000 | 305,000 | |||
| 29 West Bay Road, Freedom | 419,000 | 349,000 | 320,000 | ||
| 28 Sunset Road, Freedom | 429,000 | 349,000 | 331,000 | ||
| 245 West Bay Road, Freedom | 499,000 | 399,000 | 372,500 | ||
| 42 Long Sands Road, Ossipee | 409,900 | 385,000 | |||
| 4 Lower Broad Bay Road, Ossipee | 439,000 | 380,000 | |||
| 30 Cassi Cove Road, Ossipee | 449,900 | 405,000 | |||
| 54 Pauli Point Road, Freedom | 499,000 | 450,000 | 425,000 | ||
| 233 West Bay Road, Freedom | 649,000 | 499,000 | 425,000 | ||
| 293 Huckins Road, Freedom | 529,000 | 493,000 | |||
| 44 Channel Road, Ossipee | 599,000 | 549,000 | 540,000 | ||
| 68 Leavitt Road, Ossipee | 595,000 | 565,000 | 475,000 | ||
| 23 Marjoire Point Road, Freedom | 599,000 | 569,000 | |||
| 55 Packard Road, Ossipee | 599,000 | 510,000 | |||
| 85 West Bay Road, Freedom | 674,900 | 599,900 | 575,000 | ||
| 128 Leavitt Road, Ossipee | 649,000 | 629,000 | 577,600 | ||
| 23 Bay Point Road, Ossipee | 1,295,000 | 1,200,000 |
The average “days on market” was 160 days. However, please remember this number can be skewed; some of these properties came off the market and then were re-listed so the days on the market were reset.
Out of the 24 reported sales, Costantino Real Estate, LLC was fortunate to have been involved as either the listing agent, selling agent and/or both for twenty one (in bold) of the transactions.
When averaged out over a seven year period, the values have dropped approximately 16.8 %. When calculated for 2011 to 2012 the drop is 3.94%. It always appears to be more dramatic when one looks at some of the asking prices, but actual sold data over this seven year period averaged 92.6 % of the last asking price. That is why it is so important to properly price the property correctly at the initial time of listing.
Year-End Average Sales Price | Ossipee Lake
| 2006 | $ 498,000 | ||
| 2007 | $ 472,000 | down | 5.22% |
| 2008 | $ 442,000 | down | 6.35% |
| 2009 | $ 428,000 | down | 3.16% |
| 2010 | $ 377,000 | down | 11.91% |
| 2011 | $ 431,000 | up | 14.32% |
| 2012 | $ 414,000 | down | 3.94% |
Based on information from (NNEREN) Northern New England Real Estate Network, Inc. | January 1st 2006 through December 31st, 2012.
Contributed by Gerard Costantino, Owner/Broker and Kathleen M. Kizer, ABR, GRI, ePRO, REALTOR, Broker Associate, Costantino Real Estate, LLC | Certified Residential Appraiser, NHCR-616 | Wolfeboro Appraisal Services “Your Lakes Region Professional”
For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com. Call direct at 603-539-3200, ext. 208 or 603-707-2753.
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