Lake Winnipesaukee Real Estate Market

Real Estate Agent with The Bean Group



The Lake Winnipesaukee region of New Hampshire has been enjoyed by tourists and residents for many generations and it continues to be the single biggest second home market in the northeast. For those of you who don't know Lake Winnipesaukee well in terms of it's size and scale, it is over 25 miles long, 15 miles at it's widest point, has over 178 miles of shoreline and 244 islands. To say it's a water enthusiasts dream would be a huge understatement. Lake Winnipesaukee is the 6th largest lake in the United States that lies completely within the borders of the USA. What really separates Winnipesaukee from other regions is that there are eight towns that border the lake, each with their own charm and character. The ability to reach any of these towns by boat and park at their docks and enjoy a meal or go shopping makes Lake Winnipesaukee very unique. Being 30 minutes from the White Mountains and less than an hour to the New Hampshire seacoast doesn't hurt either.

The eight towns that border Lake Winnipesaukee include Meredith, Center Harbor, Laconia, Gilford, Moultonborough, Alton, Wolfeboro and Tuftonboro. Each town has a character all it's own but from a real estate standpoint each has it's pros and cons. In New Hampshire real estate taxes vary greatly from town to town and tend to be much higher than an out of state buyer might expect which are the largest segment of buyers when it comes to Lake Winnipesaukee waterfront homes. Moultonborough, because it has the largest amount of shoreline, has the largest tax base of all eight waterfront communities. This means that they have the lowest property tax rate at $6.71(2007). Compare this to the town of Gilford which has a tax rate of $15.83(2007). This would mean that a home with an assesment of $1,000,000 would have a tax bill of $6,710 in Moultonborough and $15,830 in Gilford. That is a large disparity when it comes to deciding to buy a second home or investing in a property makes sense. Gilford has a excellent school system which is attractive to a full time resident but paying that much more for taxes on a property that is used for the warmer months is tough to justify even for the wealthiest of clients. This comparison isn't to dismiss higher tax towns but to let someone unfamiliar with the area searching for real estate know what to expect.

Despite changing real estate conditions in 2007-2008 throughout the northeast and nationally, Lake Winnipesaukee waterfront real estate has remained for the most part insulated. The number of properties available is on par with calendar year 2007 as of today's date (3/9/2008). There were 155 properties available last year at this point and there are 149 this year. Although the number of closed properties has gone down that should balance out as the properties under agreement(8) close over the coming weeks. Buyers that I have been working with lately have started searching again partly due to the attractive mortgage rates but also because they perceive good values being available. The overpricing of properties seen over the past few years has certainly gone down and the homes that are priced within the market are continuing to sell albeit at a more normal pace. Although no one expects a banner year for real estate sales around Lake Winnipesaukee, local consensus expects a good year myself included.

If you're looking for immediate information about Lake Winnipesaukee real estate and the Lakes Region in general please visit our website at

Lake Winnipesaukee Home - Meredith NH

Located in one of Meredith's most prestigious neighborhoods, this home sits on 1.2 acres with 128 feet of pristine Lake Winnipesaukee waterfront. Exceptional lake and mountain views. Main house has three bedrooms and guest house has one bedroom with it's own kitchen. Only 10 minutes from downtown Meredith. Offered at $1,795,000


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