THE SOUTHERN VERMONT REGION
MARKET REPORT FIRST HALF 2018
PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Whether your property is valued at $200,000 or $2,000,000, it has a story all its own. It’s written in the details, big and small, that make a house into a home... or a piece of land into a dream. A remembrance of things past... a celebration of things to come. Telling these treasured tales is our specialty. We start by uncovering and bringing to life all the things that make a property exceptional. By combining outstanding photography and attention-getting narrative details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways that truly resonate with prospective buyers. It is with pleasure that we use our considerable experience and resources to artfully unite special places with those who will cherish them.
MLS#4690721
MARKET OVERVIEW
FIRST HALF 2018
KNOWLEDGE IS POWER We are proud to share our First Half 2018 Market Report for the Southern Vermont Region real estate markets. In this report you will find year over year market trends by Town in order to provide you with the most updated information so that you can make the most informed decisions as you evaluate your real estate options. Overall, the real estate market results varied by specific county and town for First Half 2018 in the Southern Vermont Region. Specifically, Bennington County properties sold increased +2.8.%, while the average sale price increased +6.2% and the average days on market decreased -11.1%. For Windham County properties sold increased +4.9%, average sale price increased +1.1%, while the average days on market decreased -4.2%. Windsor County total properties sold decreased - 4.1%, however, the average sale price increased + 5.5%. Overall, now is a very good time to sell if you are considering listing your home! The lack of inventory will continue to be a major driving factor in the lower and mid-range segments. However, the economy is strong with low unemployment and wages have begun to show some improvement. We are cautiously optimistic that the current trends will continue throughout the Second Half of 2018 even in the face of likely higher mortgage rates and the new federal tax legislation’s impact on the market. Four Seasons Sotheby’s International Realty has 20 offices spread throughout Vermont and New Hampshire and is widely regarded as one of the leaders in the Southern Vermont Region real estate market with over 50 experienced Agents in our Manchester, Stratton, Okemo, Mount Snow and Bromley offices ready and eager to serve all of your real estate needs. We are committed to providing you with the highest level of service and expertise to Buyers and Sellers regardless of price. It would be our privilege to serve you for all of your real estate needs in the Southern Vermont Region. Staige Davis - CEO Buff McLaughry - President Alan DiStasio - COO Carol O’Connor - Regional Manager Southern Vermont Cover Photo: MLS#4497286 Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18
ARLINGTON VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
19
21
11%
$171,511
$170,185
.8%
257
308
20%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
50
Pended
43 41
40
38 36 31
31 29
30
31
29
28
24
23
20
10 7 5
0
2 1
7/17
1 2
8/17
0
9/17
3
6
10/17
3
2
11/17
3
6
12/17
3
1/18
1 0
2/18
3
4 5
3/18
5
4 2
4/18
3
6
5/18
6/18
BENNINGTON VERMONT
FIRST HALF 2017
FIRST HALF 2018
67
63
6%
$175,729
$145,500
17%
243
137
44%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
% CHANGE
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold Pended
120 110
107
105
102
107
111
107
105 99
100
97
110
97
95
90 80 70 60 50 40 30 22
20 10 0
11
10 17
7/17
19
14 20
8/17
5
9/17
5 12
10/17
7
9 10
11/17
5
12/17
6
1/18
10
7
8 6
2/18
4
3/18
6
7
4/18
11
10
5/18
6/18
CAVENDISH VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
17
19
12%
$153,794
$167,615
9%
472
465
2%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
40 35
36
35
36
36
35
32
Pended
35
32
30
28
27
28 25
25 20 15 10 5
5 2
0
7/17
2
7
6
2
8/17
3
1 3
1 5
9/17
10/17
11/17
2
1
12/17
2
1/18
3 1
3 2
2
2/18
3/18
3
4/18
0
5
5/18
0
2
6/18
CHESTER VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
22
22
0%
$196,590
$206,075
5%
222
184
17%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
70 65 60
Pended
61 58 54
55
54
52
51
50
47
45
45 40
38
39
37 34
35 30 25 20 15 10 7
5 0
1 4
7/17
5 7
8/17
5
9/17
4
7
10/17
4
3
1 5
11/17
12/17
4
1/18
2
4
0
2/18
3
5 5
3/18
7
5 4
4/18
4
5
5/18
6/18
DORSET VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
23
22
4%
$439,459
$484,918
10%
300
346
15%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
80
Pended 74
73
71
70
68 65 59
60
55 52 49
50
48
50
48
40 30
20 10 5
0
7/17
4
3
8/17
4
4
9/17
3
4
10/17
4
5
11/17
4
2 2
12/17
1
1/18
5
4
2/18
4
4
3/18
5
2 0
4/18
4
2
5/18
2 4
6/18
DOVER VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
70
95
36%
$238,502
$213,166
11%
292
209
28%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
300
Pended
270 240 210
212
211
203
212 197
197
195
189
189
178
180
197
186
150 120 90 60 30 0
10 12
7/17
12 11
8/17
11 18
9/17
17
12
10/17
11 15
11/17
16
15
12/17
17
1/18
12
15
20 15
2/18
12
3/18
12 15
4/18
16
18
5/18
11 17
6/18
LONDONDERRY VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
22
22
0%
$261,618
$420,636
61%
260
201
23%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
60
Pended
53
52
50 46 43
40
38
37 34
37
36
35
36
31
30
20
10 5
0
2
7/17
9
7
5 6
8/17
6
5
6
5
5
1 3
5
9/17
10/17
11/17
12/17
6
1/18
4
2 3
1 3
2/18
3/18
1 2
4/18
3
4
5/18
6/18
LUDLOW VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
66
93
41%
$286,986
$353,014
23%
346
385
11%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
300 275
Pended 268
264
266
260
258
255
250
253
243
241
233
230
221
225 200 175 150 125 100 75 50 25 0
5 6
7/17
13
8/17
8
14
9/17
11
15
14
10/17
14
21 13
11/17
9 21
12/17
9 6
1/18
4
2/18
16
23 15
3/18
26
4/18
15
13
5/18
5 18
6/18
MANCHESTER VERMONT
FIRST HALF 2017
FIRST HALF 2018
50
53
6%
$355,817
$383,967
8%
308
250
19%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
% CHANGE
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
120 110
Pended 105
105
104
103
100
99
95 89
90
86
86
84
83
81
80 70 60 50 40 30 20 10 0
10
8 6
7/17
9 5
8/17
9
9/17
15
13 4 10
10/17
5 6
11/17
6
4
12/17
5 9
1/18
6
3
2/18
14
9 8
3/18
7
4/18
7
12
5/18
6/18
MARLBORO VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
4
6
50%
$193,750
$146,000
25%
170
223
31%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale
9 8
9
Sold
8
8
9
Pended
8
7 6
6
6
6
5
5
5
5
5
4 3 2
2
2
1 0
1
1
1
0
2
1
0
7/17
8/17
9/17
10/17
0
0
1
11/17
0
0
12/17
0
1
1/18
0
0
2/18
0
0
3/18
0
4/18
0
5/18
0
2
6/18
PERU VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
14
17
21%
$242,171
$280,599
16%
206
246
19%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale
40
Sold
39 37
Pended
37
36
35
34
33
32
32
30
29
30
28
27
24
23
20 16 12 8 5
4 2
0
7/17
1
1 0
8/17
1 1
9/17
2
2
10/17
0
1
11/17
0
1
12/17
2
1/18
4
3 1
1
1
2/18
3/18
4 3
4/18
5
5/18
2
5
6/18
PLYMOUTH VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
14
18
29%
$215,714
$217,833
1%
318
296
7%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
70 65 60
Pended
64
62 59
58 55
55
54
52
51
50
47
48
47
46
45 40 35 30 25 20 15 10 5 0
3
7/17
0
2 3
8/17
3
5 2
4
3 1
9/17
10/17
11/17
5 4
12/17
1 5
1/18
1 0
2/18
4
2
3/18
1 4
4/18
3
2
5/18
3
3
6/18
SHAFTSBURY VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
16
20
25%
$211,556
$218,981
4%
169
303
79%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
40
Pended
36
35
34
33
32
33
31
30
29
28
28
27
30
28
27
24 20 16 12 8 4 0
5 3 7
7/17
0
9
8/17
3
5
4
3
5
1
1 3
2
9/17
10/17
11/17
12/17
1
1/18
4
3 2
5
2/18
3/18
4 4
4/18
4 7
1
5/18
6/18
SHREWSBURY VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
4
5
25%
$239,475
$281,500
18%
58
345
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
495%
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
16
16
For Sale
15
Sold Pended
14
14 13
13
13
14
13 12
12
12 11
11
10 8 6 4 3
2
2
2 1
0
0
7/17
1
1
1
1
1
0
1
1
8/17
9/17
10/17
11/17
0
2
12/17
0
0
1/18
0
1
2/18
3/18
0
1 0
4/18
0
2
5/18
6/18
STRATTON VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
27
33
22%
$417,729
$417,389
.1%
246
267
9%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
100
Pended
92
90
89
87
87
87
80
78
77
76
76 72
70
70
66
60 50 40 30 20 10 0
2 3
7/17
3
8/17
11
9
8
5
9/17
6
6
10/17
8 6
11/17
16
12/17
4 5
1/18
6
8 6
2/18
3 3
3/18
3 5
4/18
8 11
9
5/18
6/18
SUNDERLAND VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
5
7
29%
$197,180
$113,700
42%
301
397
32%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
16
15
Pended
14 13
13
13
12
12
12
12
11
10
10
10 9
9
8 6 4
4
2
2
2
1
0
1 1
7/17
4
1
3
3
8/17
9/17
1
1
0
10/17
11/17
0
0
1
12/17
0
1/18
0
2
2/18
3/18
0
0
0
4/18
1
0
5/18
6/18
WARDSBORO VERMONT
FIRST HALF 2017
FIRST HALF 2018
13
12
8%
$132,711
$134,833
2%
217
198
9%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
% CHANGE
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
40 35
Pended
34
33
32
31
30
29
29
28
27
25
25
23
24
23
20 15 10 5
0
1 1
7/17
5
4
3 2
8/17
2
3
1
3
5
1 5
9/17
10/17
11/17
12/17
1 0
1/18
3
3
2
1
2/18
3/18
0
3
4/18
3
5/18
2
0
6/18
WEATHERSFIELD VERMONT
FIRST HALF 2017
FIRST HALF 2018
21
21
0%
$141,095
$207,547
47%
119
406
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
% CHANGE
241%
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
50
For Sale
45
Pended
Sold
41
40
39
38
35
35
34
33
35
29
30
26
25
27
26
25
20 15 10 5 3
0
6
5
7/17
3
4 6
8/17
7
6
5
4
4
5
6
2
9/17
10/17
11/17
12/17
0
1/18
3
1 4
1 1
2/18
3/18
2
4/18
2 4
5
5/18
6/18
WESTON VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
5
9
80%
$777,000
$225,563
71%
290
169
42%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale
30
Sold
27 24
24 21
Pended
27
25
24
23
22
21
22 20
19
19
19
18 15 12 9 6 3 0
1 0
7/17
3
2 0
8/17
3
1
1 4
1 0
9/17
10/17
11/17
12/17
0
1 0
1/18
2 1
1
2/18
3/18
0
3
2 1
4/18
2
1 3
5/18
6/18
WILMINGTON VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
45
33
27%
$292,045
$239,616
18%
185
186
.5%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale
140 130
Sold Pended
125
124
119
120
119
110
104
103
102
100
97
97
94
88
90
87
80 70 60 50 40 30 20 13
10 0
4 5
7/17
4
8/17
6
9/17
9
8
10 12
10/17
10 7
11/17
1
10
12/17
4
1/18
3 4
2/18
5 10
3/18
5 1
4/18
5 8
5/18
7
4
6/18
WINHALL VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
25
30
20%
$383,420
$330,008
14%
320
244
24%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JUL. 2017 - JUN. 2018)
For Sale Sold
120 110
111
Pended
112
109
106
104 98
100
103
99
95
91
90
90
86
80 70 60 50 40 30 20 10 0
5 2
7/17
11
9 5
8/17
5 5
9/17
5 8
10/17
8 7
3 7
11/17
12/17
2 5
1/18
3
2/18
5 5
3/18
5 2
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MLS#4703357
SOUTHERN VERMONT
CHAMPLAIN VALLEY
LAKE WINNIPESAUKEE REGION
Mount Snow: 802.464.1200 Stratton: 802.297.1100 Manchester: 802.362.4551 Okemo: 802.228.4537 Bromley: 802.824.3113
Middlebury: 802.388.1000 Vergennes: 802.877.3232 South Burlington: 802.864.0541
Meredith: 603.677.7012 Wolfeboro: 603.941.1000
CENTRAL VERMONT Rutland: 802.774.7007 Stowe: 802.253.7267 Randolph: 802.565.8136
NORTHEAST KINGDOM St. Johnsbury: 802.751.7582
LAKE SUNAPEE REGION New London: 603.526.4050
UPPER VALLEY Fairlee: 802.333.4701 Hanover: 6 03.643.6070 603.643.6400 West Lebanon: 603.298.5155
SOUTHERN NEW HAMPSHIRE Bedford: 603.413.7600
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