UPPER VALLEY
MARKET REPORT First Half 2018
PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Every home has a story all its own. It is written in the details, big and small, which make a house a home or a parcel of land the path to a dream realized. It is a remembrance of days gone by or a celebration of times to come. Telling these treasured tales is our specialty. We uncover and bring to life the characteristics which make a property exceptional and weave them into its own, unique story. By combining outstanding photography with illustrative, and colorful details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways which truly resonate with and engage prospective buyers. It is with pleasure that we use our considerable expertise and resources to artfully unite special places with those who will cherish them.
MLS#4680550
MARKET OVERVIEW
FIRST HALF 2018
KNOWLEDGE IS POWER We are proud to share our Upper Valley Real Estate Market Report for the First Half of 2018. In this report, you will find year-over-year market trends for each of the major towns and areas within the Upper Valley. Our goal is to provide you with the most up-to-date information and empower you to make more informed decisions in regards to buying and selling real estate. Overall, the Upper Valley real estate market was very strong during the First Half of 2018. Specifically, results year-over-year in Grafton County, New Hampshire are as follows: - unit sales are up +8.8% - sales volume is up +14.4% - median sales price is up +24.0% - average days on market are down -4.1% These are all signs of a strong market with rising sales prices primarily related to demand which outpaces available inventory. Relatively, Windsor County, Vermont is experiencing a slightly softer market, however, the pending sales volume is up +4.8% which indicates that this subset of the market could be picking up in the Second Half of the year. The nation as a whole is experiencing a shortage of housing inventory and the Upper Valley is no exception where the impact is being felt in almost all price ranges. This is great news, though, if you’ve been thinking of selling. Right now may be just the perfect time to make the most of your real estate investment. That said, the importance of accurate and effective pricing cannot be overstated, especially here in the Upper Valley. Four Season Sotheby’s International Realty is a leader in New Hampshire and Vermont real estate and has 20 offices throughout the two states. Here in the Upper Valley, we engage over 50 professional REALTORS who have in-depth knowledge of the market and the experience, skills, and support to serve our communities and clients at the highest levels. Whether you choose one of our REALTORS from the Hanover, West Lebanon, Fairlee, or Randolph offices, we are all committed to providing buyers and sellers with service which exceeds expectations. It would be our privilege to serve as your trusted real estate advisor here in the Upper Valley and beyond. Staige Davis - CEO Buff McLaughry - President Alan DiStasio - COO Lori Shipulski - Regional Manager for the Upper Valley Cover Property: MLS#4703775 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
BRADFORD AREA
(FOR THE TOWNS OF BRADFORD, CORINTH, TOPSHAM, NEWBURY AND VERSHIRE)
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
49
37
24%
$135,144
$167,611
24%
202
204
1%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
70
67 64
66
For Sale
64
Sold Pended
58
56 49
48
47 38
37
35
35
35
33
23
12
13 10
10
8
7 4
9
0
7/17
10
8/17
15
9/17
4
10
9
6
5
10/17
11/17
12/17
1/18
4
2/18
8
6
5
4 4
3/18
5
2
6
4/18
5/18
7
6/18
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 for the towns of Bradford, Corinth, Topsham, Newbury and Vershire
CANAAN NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
29
29
0%
$151,756
$154,650
2%
184
146
21%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
60 For Sale
53
52 50
50
53
Sold
51
Pended
48
41
40
40
31
31
30
30
28
20
10
3
0 7/17
7
5
8/17
7
6
5 3
9/17
3
7
10/17
3
11/17
4
3
12/17
6 4
4
3
1/18
3
2/18
4 11
3/18
2
3
4/18
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
5
4
5/18
2 6/18
ENFIELD NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
28
43
54%
$182,407
$250,612
37%
152
133
13%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
70 For Sale
62
Sold
58
Pended
56 51
49 46
44
42
41
39
38
29
46
28
28
14
12 9
7 3
0
7/17
7
6 14
8/17
7
9/17
6 8
10/17
7
11/17
7
6
4 1
12/17
5
1/18
7 31
4
2/18
3/18
10
9
9
4/18
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
12
5/18
7
6/18
FAIRLEE AND WEST FAIRLEE VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
10
11
10%
$226,675
$228,841
1%
106
267
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
152%
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
18 17
17 16
16
For Sale Sold
15
Pended
14 13
13 12
12
12
12
10 9
9
6 5
3
3 2
2
2
2
1
1 3
0 7/17
3
2
8/17
1
9/17
2
10/17
3
11/17
0
12/17
3
1
1/18
1 2
2/18
2
3/18
1
4/18
0
5/18
3
1
6/18
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 for the towns of Fairlee and West Fairlee
GRANTHAM NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
54
63
17%
$243,815
$234,788
4%
174
168
3%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
100
98 94
For Sale
91
Sold
83
Pended
80 74
71
68
67 59
60
58 51
50
50
33
18
17 12 8 9
0
7/17
15
8/17
10
8 14
9/17
8 7
10/17
3 5
11/17
10
8 11
12/17
5
1/18
8 8
2/18
17
15
6
3/18
11
4/18
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
12
5/18
17
6/18
HANOVER NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
50
57
14%
$ 612,470
$608,268
1%
115
90
22%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
50 For Sale Sold
44
Pended
41
40
40
39
33
32
33
33 31
30 27
27 24
20 16
15
11
10 8 6
5 15
0
7/17
15
8/17
4 7
9/17
8
7
6
11
8
10/17
1 11
8
11/17
12/17
4
1/18
3
2/18
2
3/18
13
4/18
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
14
5/18
15
6/18
HARTFORD VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
125
123
2%
$204,862
$220,792
8%
183
161
12%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
160 For Sale 141
137
Sold
136
Pended
128
120
115
111 104
101
105
100
96
93
91
64
33
32 25
24 18 24
0
7/17
30
8/17
20
16 20
9/17
15
10/17
7
20
11/17
9
12
12/17
8
1/18
22
21
10
2/18
14
3/18
28
26
24
4/18
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
25
5/18
33
6/18
HARTLAND VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
25
14
44%
$270,112
$225,000
17%
147
223
52%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
40
39 37
36
35
For Sale
36
37
Sold Pended
32
32
33 30
29 25
24
23
16
8
7
6 3
2
3
0
7/17
8/17
3 7
2
5
9/17
10/17
4
3 3
1 3
2
11/17
12/17
0
1/18
0
2/18
1
2
1 2
3/18
4/18
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
1
3
5/18
5
6/18
LEBANON NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
99
98
1%
$242,880
$268,703
11%
75
85
13%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
70 For Sale
64
62
Sold
61
Pended
57
56 48
47
46
45
42 36
34
35
32
28
20
20
18
20
18
17
16
14 11
10
27
0
7/17
28
8/17
26
25
24
15
9/17
14
10/17
12
11/17
38
12/17
17
1/18
18
2/18
15
3/18
13
4/18
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
18
5/18
25
6/18
LYME NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
6
10
67%
$393,433
$643,000
63%
116
179
54%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
30 For Sale Sold Pended
25
24
23
20
20
20 19 16 15
15
14 12
12 11 10
10
5 3
3
3
3
2 1
2
0 7/17
8/17
1 3
9/17
1 10/17
3
2 4
11/17
0
12/17
1
0
1/18
0
2
00 2/18
3
3/18
2
4/18
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
2 2
5/18
3
6/18
NORWICH VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
34
26
24%
$519,848
$643,169
24%
161
96
40%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
20
20
19
19
19
18
20
20
For Sale
18
Sold
17
Pended
16
15
12
11 10
8
8 7 5
4
5
4 3 2 1
0
7/17
5
3
8/17
2 0
9/17
1
2
2
10/17
11/17
1
2
12/17
0
1/18
3
00 2/18
1
3/18
7
4/18
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
2
5/18
11
6/18
PLAINFIELD AND CORNISH NEW HAMPSHIRE
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
31
19
39%
$216,004
$227,705
5%
148
425
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
187%
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
40 For Sale
35
Sold
33
Pended
32
27
25
25
24 20
20
22
21
20 17
17
15
13 9
7
6 2
0 7/17
3 4
6
8/17
4
3 7
9/17
6
5
2
10/17
6
11/17
0
12/17
1 2
2
1/18
1 2
2
2/18
3/18
2
4/18
5/18
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 for the towns of Plainfield and Cornish
3
6/18
0
5
RANDOLPH VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
27
31
15%
$176,311
$213,738
21%
150
229
53%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
For Sale
50 47
48
Sold
46
47
Pended
44 42
42
40
40
33
40
40
32 30
25
17
9
8 6 4
0
2
13
7/17
8/17
2
4
3 4
3
9/17
10/17
2
5
11/17
1
12/17
6
5
4
3
1
1 4
8
1/18
2/18
3/18
3
4/18
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
4
5/18
7
6/18
THETFORD AREA VERMONT
(FOR THE TOWNS OF THETFORD, SHARON AND STRAFFORD)
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
40
25
36%
$248,620
$232,936
6%
148
186
26%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
50
For Sale
46
Sold
43
Pended
43
43
42 37 35
33
32
25
25
24
25
23
22
17
8
8 5
4
0 7/17
5
5 3
8
10
8/17
8
7
4
9/17
7
10/17
4
11/17
2
12/17
3 3
2
3
1/18
2/18
3 3
1
4
3/18
4/18
4
5/18
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 for the towns of Thetford, Sharon and Strafford.
5
6/18
WEATHERSFIELD VERMONT
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
21
21
0%
$141,095
$207,547
47%
119
406
241%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
50 For Sale Sold Pended
41
40
39
38
35
34
33
30
35
29 26
27
26
25
20
10 6
5
4
3 3
0
7/17
6
8/17
4
9/17
5
10/17
7
6
5
4 6
11/17
2
12/17
0
1/18
3
1 4
2/18
1 1
3/18
2
4/18
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
2
5/18
4
5
6/18
WOODSTOCK AREA
(FOR THE TOWNS OF WOODSTOCK, BARNARD, POMFRET AND BRIDGEWATER)
FIRST HALF 2017
FIRST HALF 2018
% CHANGE
77
47
39%
$448,473
$568,636
27%
243
230
5%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)
160 150 142
143
142
For Sale
143
Sold
134
133
133
Pended
132
117 111
107
102
101
80
53
27 17
15 9
0 7/17
9
10 9
8/17
10
9/17
7
10/17
11 14
10
11/17
7
5 8
12/17
1/18
9
6
2/18
8
7
3/18
6
8
4 7
4/18
5/18
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 for the towns of Woodstock, Barnard, Pomfret and Bridgewater
8
7
6/18
MLS#4707599
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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