MARKET REPORT
THE YEAR IN REVIEW
Knowledge is power… Our focus in 2014 is to insure that our clients (whether selling or purchasing real estate) have comprehensive information in order to make informed decisions. Ultimately your success is our success. To that end we have produced our first Annual Market Report. In it you will find year over year market trends from 2012 to 2013 for the four main regions we serve; the Lake Sunapee Region, the Upper Valley of New Hampshire and Vermont, the Lakes Region and the Merrimack Valley. Overall 2013 was a mixed year. National news was filled with stories about rising real estate prices and trends. Here in New Hampshire, unit sales of single family homes statewide were indeed up year over year as was the average selling price (on average 4.2% over 2012). However real estate markets are local in nature and while all four markets we serve did show year over year unit increases in single family home sales, three regions experienced lower average selling prices in 2013; (-27.5%) in the Upper Valley, (-3.2%) in the Lakes Region and (-9.7%) in the Lake Sunapee Region. Only The Merrimack Valley posted a year over year increase in Average Selling Price of 7.9% which outperformed the state average. And within each region the results were mixed on a town by town basis. While some towns experienced double digit decreases in average selling prices; others saw double digit increases. These facts will play a significant role on how a homeowner should price their home and what a buyer should decide to pay for a new home in 2014.
So where is 2014 heading? We believe the housing market in New Hampshire will continue to expand with moderate increases likely to occur in the luxury second home market. This category saw a significant decline in 2013 versus 2012. With sales of single family homes approaching pre-recession levels in many areas, the overall pace of growth may become more moderate in 2014. And it remains to be seen what effect the drawdown of the Fed’s stimulus program will have on the market. However, the economy grew a total of 3.2% in the 4th quarter of 2013 and the jobs outlook combined with pent-up demand, continued home affordability and most importantly, rising consumer confidence are all expected to play a meaningful role in this year’s real estate market. We hope you find our first Annual Year-End Market Report helpful as you evaluate your real estate options in 2014. If you are considering purchasing or selling real estate this year and are looking for even more detailed information, do not hesitate to contact us and our team of 28 dedicated professionals who will provide additional market details broken down by price point. At Four Seasons Sotheby’s International Realty, we are committed to providing the highest level of service and expertise to buyers and sellers alike in all price categories. It is not the price point that matters to us; it is the quality of the properties we represent. It will be our privilege to serve you in 2014… All the best, The Four Seasons Sotheby’s International Realty Team Cover Photo: Tucker Hill | Norwich, VT 2
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MARKET REPORT 2013
LEARN MORE AT: FOURSEASONSSIR.COM
Table of Contents
LEARN MORE AT: FOURSEASONSSIR.COM
4
THE LAKE SUNAPEE REGION
7
THE UPPER VALLEY OF NEW HAMPSHIRE AND VERMONT
10
THE LAKES REGION
13
THE MERRIMACK VALLEY
MARKET REPORT 2013
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3
THE LAKE SUNAPEE REGION
4
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MARKET REPORT 2013
The Lake Sunapee Region l SINGLE FAMILY HOMES The Lake Sunapee Region continues to be a highly desirable place to live, either full time or as a place to own that perfect lake front getaway. The area experienced an overall increase in the sale of single family homes of 7.5% in 2013 with Grantham leading the way with a 46.6% increase year over year. Other towns like Goshen and Warner saw double digit decreases in Unit Sales. The Average Selling Price was down an average of (-9%) in 8 of the 11 towns we identify as the Lake Sunapee Region. Only Newbury saw a substantial increase in the Average Selling Price. The Average Days on Market fell (-9%) over the same time period which makes sense from our point of view; buyers recognized that prices were affordable and pent up demand resulted in an overall increase in Unit Sales which contributed to shorter Days on Market. This demand however would not have been as strong had sellers not recognized that in order to be successful they had to adjust their pricing to reflect Market Value. The same will be true in 2014. Sellers must consider the following: the longer a property stays on the market in excess of the average number of days that similar properties sell in (not similarly priced properties), the more likely it will become stale and ultimately ignored by Buyer Brokers. An encouraging trend is that Pending Sales (those likely to close) at the end of 2013 were up 5% over 2012. This indicates continued market strength and buyer interest right through the end of the year.
The Lake Sunapee Region - Single Family Home Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Andover
62
56
10.7%
28
28
0.0%
25
28
-10.7%
$166,021
$198,370
-16.3%
197
142
38.3%
Bradford
49
54
-9.3%
21
21
0.0%
17
15
13.3%
$151,755
$144,333
5.1%
183
163
12.3%
Goshen
20
17
17.6%
6
8
-25.0%
2
6
-66.7%
$123,668
$188,175
-34.3%
182
207
-12.0%
Grantham
168
164
2.4%
85
58
46.6%
77
54
42.6%
$240,801
$264,190
-8.9%
161
212
-24.0%
New London
156
121
28.9%
69
64
7.8%
49
45
8.9%
$461,544
$551,544
-16.3%
177
205
-13.5%
Newbury
110
83
32.5%
46
42
9.5%
38
39
-2.6%
$408,492
$353,425
15.6%
127
149
-14.7%
Springfield
39
33
18.2%
19
16
18.8%
20
13
53.8%
$177,709
$207,369
-14.3%
134
184
-27.6%
Sunapee
105
139
-24.5%
57
60
-5.0%
39
51
-23.5%
$483,817
$559,390
-13.5%
184
165
11.3%
Sutton
65
65
0.0%
34
35
-2.9%
23
27
-14.8%
$281,972
$268,076
5.2%
163
201
-18.8%
Warner
64
58
10.3%
34
40
-15.0%
24
27
-11.1%
$173,136
$183,865
-5.8%
124
139
-10.7%
Wilmot
50
43
16.3%
26
21
23.8%
23
15
53.3%
$225,821
$257,946
-12.5%
195
224
-13.2%
Totals
888
833
6.2%
425
393
7.5%
337
320
5.0%
$263,158
$288,789
-9.7%
166.1
181
-9.0%
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
LEARN MORE AT: FOURSEASONSLAKESUNAPEEREGION.COM
MARKET REPORT 2013
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5
The Lake Sunapee Region l CONDOMINIUMS 4 of the 11 Lake Sunapee Region towns offer condominium communities. Within those 4 towns, the data will show that the condo market is is still experiencing a downward adjustment. Overall New Listings on the market, Unit Sales, and Pending Sales, and Average Selling Price are all down year over year. And Days on Market is up; in the case of Newbury by 80.5%. New London is one of the strongest markets for condo communities and indeed Unit Sales were up 7.1% in 2013 but at the expense of the Average Selling price which was down (-10.8%). As is true in the single family home segment, the Average Days on Market was down in New London as a result; by (-32.1%).
The Lake Sunapee Region - Condominium Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Andover
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Bradford
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Goshen
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Grantham
29
33
-12.1%
16
17
-5.9%
17
15
13.3%
$172,869
$178,606
-3.2%
255
271
-5.6%
New London
41
42
-2.4%
30
28
7.1%
20
22
-9.1%
$213,332
$239,089
-10.8%
165
242
-32.1%
Newbury
3
4
-25.0%
2
1
100.0%
1
1
0.0%
$377,500
$383,000
-1.4%
347
192
80.5%
Springfield
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Sunapee
11
9
22.2%
5
11
-54.5%
4
7
-42.9%
$262,200
$288,227
-9.0%
200
232
-13.8%
Sutton
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Warner
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Wilmot
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Totals
84
88
-4.8%
53
57
-7.5%
42
45
-7.1%
$256,475
$272,231
-6.1%
242
234
3.1%
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
6
l
MARKET REPORT 2013
LEARN MORE AT: FOURSEASONSLAKESUNAPEEREGION.COM
THE UPPER VALLEY OF NEW HAMPSHIRE AND VERMONT
MARKET REPORT 2013
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7
The Upper Valley of New Hampshire and Vermont l SINGLE FAMILY HOMES The Upper Valley is a prime destination for full time residents seeking employment opportunities in the region and for second home owners that include Dartmouth College alumni as well as four season living enthusiasts. The area enjoys one of the lowest unemployment rates in the country. Overall market activity in the region is mixed. Unit Sales were up, however Pending Sales were down as was the Average Selling Price; by (-27.5%). More than half the towns in the region experienced double digit losses in this category. Hanover experienced a particularly soft year across all categories and Norwich a very good one with an increase in Average Selling Price of 11.6% and Unit Sales of 7.1% The Average Days on Market fell substantially; by (-67%) year over year. The general problem we see is a lack of quality inventory. When quality listings appear on the market, buyers take advantage which contributed to shorter Days on Market. Pending Sales were trending down (-7.2%) at the end of 2013. We believe this has more to do with the dearth of quality listings rather than market dynamics.
The Upper Valley of New Hampshire and Vermont - Single Family Home Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Cornish
40
33
21.2%
20
12
66.7%
14
10
40.0%
$214,384
$492,125
-56.4%
171
144
19.0%
Fairlee
18
20
-10.0%
7
9
-22.2%
5
5
0.0%
$249,510
$242,222
3.0%
79
129
-38.5%
Hanover
96
117
-17.9%
74
83
-10.8%
36
47
-23.4%
$571,812
$637,417
-10.3%
107
113
-6.1%
Hartford
234
177
32.2%
104
87
19.5%
78
60
30.0%
$225,347
$214,584
5.0%
175
242
-27.8%
Lebanon
191
168
13.7%
127
110
15.5%
65
88
-26.1%
$230,915
$217,864
6.0%
83
104
-20.1%
Lyme
21
33
-36.4%
15
13
15.4%
11
7
57.1%
$483,545
$871,192
-44.5%
154
252
-38.9%
Norwich
54
66
-18.2%
45
42
7.1%
23
24
-4.2%
$531,199
$476,163
11.6%
121
154
-21.7%
Orford
27
23
17.4%
14
14
0.0%
11
8
37.5%
$169,157
$216,079
-21.7%
74
182
-59.4%
Plainfield
37
24
54.2%
11
15
-26.7%
7
11
-36.4%
$239,909
$320,700
-25.2%
97
184
-47.6%
Thetford
58
34
70.6%
17
25
-32.0%
9
20
-55.0%
$278,418
$273,098
1.9%
112
130
-13.9%
West Fairlee
13
7
85.7%
4
3
33.3%
5
3
66.7%
$115,364
$258,000
-55.3%
82
462
-82.2%
Totals
789
702
11.0%
438
413
5.7%
264
283
-7.2%
$300,869
$383,586
-27.5%
114.1
190.5
-67.0%
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
8
l
MARKET REPORT 2013
LEARN MORE AT: FOURSEASONSUPPERVALLEY.COM
The Upper Valley of New Hampshire and Vermont l CONDOMINIUMS 5 of the 11 towns we define as the Upper Valley offer condominium communities. Within those towns, the data will show that the condo market is actually much improved year over year. Overall New Listings on the market, Unit Sales, Pending Sales and Average Selling Price are all up significantly; the Average Selling Price; 5% year over year and Days on Market was down significantly; by (-50.6%). Hartford and Lebanon’s condo markets continue to lead the Upper Valley across all categories.
The Upper Valley of New Hampshire and Vermont - Condominium Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Cornish
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Fairlee
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Hanover
37
40
-7.5%
24
30
-20.0%
10
19
-47.4%
$339,483
$291,275
16.6%
65
83
-21.3%
Hartford
120
110
9.1%
58
45
28.9%
34
24
41.7%
$160,463
$160,422
0.0%
216
323
-33.2%
Lebanon
69
56
23.2%
47
34
38.2%
31
21
47.6%
$175,053
$184,300
-5.0%
175
180
-3.0%
Lyme
1
1
0.0%
1
2
-50.0%
0
0
N/A
$445,000
$128,550
246.2%
14
81
-82.6%
Norwich
5
4
25.0%
0
1
-100.0%
0
0
N/A
$-
$300,000
-100.0%
0
41
-100%
Orford
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Plainfield
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Thetford
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
West Fairlee
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
232
211
9.1%
130
112
13.8%
75
64
14.7%
$224,000
$212,910
5.0%
94
142
-50.6%
Totals
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
LEARN MORE AT: FOURSEASONSUPPERVALLEY.COM
MARKET REPORT 2013
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9
THE LAKES REGION
10
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MARKET REPORT 2013
The Lakes Region l SINGLE FAMILY HOMES Overall market activity in the Lakes Region was very good year over year. 9 of the 13 towns saw significant increases in Unit Sales, most in double digits. Particularly impressive was the town of Belmont that experienced a 56.7% increase in Unit Sales year over year. The region experienced an overall increase in the sale of Single Family Homes of 11.9%. However Gilmanton saw double digit decreases in Unit Sales. The Average Selling Price as in our other markets, was down an average of (-3.2%) overall. Less than half however (6 of the 13 towns we identify as the Lakes Region) had negative year over year results. Center Harbor saw a substantial increase in the Average Selling Price of 51.1%. The Average Days on Market fell (-2.8%) over the same time period; buyers recognized that prices were affordable and pent up demand resulted in an overall increase in Unit Sales which contributed to shorter Days on Market. As in the Lake Sunapee Region, it is encouraging to see that Pending Sales at the end of 2013 were up 8% over 2012. There were over 1000 homes under contract at the end of the year.
The Lakes Region - Single Family Home Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Alton
232
225
3.11%
110
104
5.76%
72
94
-23.40%
$346,734
$379,050
-8.52%
135
158
-14.35%
Belmont
227
177
28.24%
105
66
59.09%
105
67
56.71%
$147,681
$137,553
7.36%
117
111
5.45%
Center Harbor
35
32
9.37%
23
12
91.66%
14
16
-12.50%
$510,715
$337,981
51.10%
239
205
17.01%
Gilford
358
325
10.15%
179
138
29.71%
152
113
34.51%
$311,307
$301,199
3.35%
172
170
1.38%
Gilmanton
130
132
-1.51%
53
67
-20.89%
48
58
-17.24%
$191,034
$166,419
14.79%
154
121
27.29%
Laconia
586
592
-1.01%
311
277
12.27%
219
245
-10.61%
$203,338
$195,860
3.81%
130
136
-4.05%
Meredith
233
189
23.28%
117
100
17.00%
90
81
11.11%
$416,914
$394,989
5.55%
127
144
-11.73%
Moultonboro
274
246
11.38%
146
130
12.30%
101
75
34.66%
$498,115
$585,283
-14.89%
185
187
0.94%
New Hampton
76
84
-9.52%
31
33
-6.06%
22
22
0.00%
$211,797
$219,069
-3.31%
136
196
-30.41%
Sanbornton
88
97
-9.27%
40
43
-6.97%
33
24
37.50%
$257,559
$229,214
12.36%
147
144
2.35%
Sandwich
42
51
-17.64%
20
21
-4.76%
18
19
-5.26%
$334,575
$447,990
-25.31%
180
167
8.08%
Tuftonboro
129
113
14.15%
55
47
17.02%
43
33
30.30%
$368,321
$444,517
-17.14%
186
243
-23.46%
Wolfboro
276
294
-6.12%
129
124
4.03%
107
95
12.63%
$354,361
$444,260
-20.23%
200
186
7.06%
Totals
2686
2557
4.8%
1319
1162
11.9%
1024
942
8.0%
$319,419
$329,491
-3.2%
162.2
166.8
-2.8%
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
LEARN MORE AT: FOURSEASONSLAKESREGION.COM
MARKET REPORT 2013
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11
The Lakes Region l CONDOMINIUMS All but 2 of the 13 Lakes Region towns offer condominium communities. Within those towns, the data will show that the condo market is actually much improved year over year. Overall New Listings on the market, Unit Sales and Pending Sales were all up. Only the Average Selling Price was down year over year. And Days on Market was down significantly; by (-106.2%). Laconia’s Condo market continues to lead the Lakes Region; Unit Sales were up 29.5% and even Average Selling Price bucked the trend increasing slightly by .7%. Average Days on Market was down significantly region wide and Pending Sales are up 7.8%.
The Lakes Region - Condominium Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Alton
6
3
100.00%
0
1
-100.00%
0
0
N/A
$-
$350,000
-100.00%
0
68
-100.00%
Belmont
24
18
33.33%
3
5
-40.00%
1
8
-87.5%
$60,556
$43,500
39.2%
104
318
-67.4%
Center Harbor
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
120
93
29.0%
39
42
-7.1%
45
33
36.4%
$180,374
$150,881
19.5%
189
206
-8.0%
5
7
-28.6%
1
1
0.00%
0
1
-100.0%
$78,000
$54,000
44.4%
135
382
-64.7%
Laconia
214
202
5.9%
123
95
29.5%
71
73
-2.7%
$187,456
$186,240
0.7%
142
154
-7.6%
Meredith
14
19
-26.3%
10
10
0.00%
9
6
50.0%
$267,850
$246,000
8.9%
156
98
58.2%
Moultonboro
19
15
26.7%
14
12
16.7%
10
12
-16.7%
$281,079
$277,933
1.1%
360
214
68.8%
New Hampton
4
3
33.3%
1
1
0.0%
0
1
-100.0%
$130,000
$85,500
52.0%
77
1583
-95.1%
Sanbornton
6
4
50.0%
1
1
0.0%
1
0
N/A
$96,900
$110,000
-11.9%
151
35
331.4%
Sandwich
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Tuftonboro
6
4
50.0%
4
1
300.0%
2
1
100.0%
$284,750
$192,400
48.0%
139
144
-3.5%
Wolfboro
31
30
3.3%
15
7
114.3%
14
6
133.3%
$300,573
$291,536
3.1%
243
295
-17.6%
Totals
449
398
11.4%
211
176
16.6%
153
141
7.8%
$169,776
$180,726
-6.4%
154.2
317.9
-106.2%
Gilford Gilmanton
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
12
l
MARKET REPORT 2013
LEARN MORE AT: FOURSEASONSLAKESREGION.COM
THE MERRIMACK VALLEY
MARKET REPORT 2013
l
13
The Merrimack Valley l SINGLE FAMILY HOMES The Merrimack Valley was one of the strongest performing regions in the state in 2013. Only 2 of the 14 towns we identify as the Merrimack Valley realized lower Average Selling Prices in 2013 compared with 2012. The Average Selling Price, region wide was up 7.9% overall; well above the state average. Candia and Sandown performed particularly well in this category. Only Derry saw a slight dip in year over year Unit Sales; all other towns saw significant increases in Unit Sales, most in double digits. Particularly impressive were the towns of Atkinson and Raymond that experienced more than a 28% increase in Unit Sales year over year. As in other regions, the Average Days on Market fell; (-12%) over 2012. The same dynamics are in play; a hotter market drove quicker purchasing decisions. Pending Sales at the end of 2013 were up slightly; a half percent over 2012. There were over 1600 homes at the end of the year under contract.
The Merrimack Valley - Single Family Home Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Atkinson
93
95
-2.1%
72
56
28.6%
50
40
25.0%
$327,538
$351,122
-6.7%
115
89
28.9%
Bedford
407
363
12.1%
289
285
1.4%
134
175
-23.4%
$425,688
$386,701
10.1%
65
85
-22.9%
Candia
65
50
30.0%
46
41
12.2%
29
37
-21.6%
$250,346
$195,682
27.9%
82
100
-17.6%
Chester
118
123
-4.1%
70
61
14.8%
55
59
-6.8%
$309,810
$273,879
13.1%
92
68
36.8%
Derry
431
434
0.7%
295
299
-1.3%
225
258
-12.8%
$225,999
$211,900
6.7%
72
83
-13.2%
Epping
175
134
30.6%
107
79
35.4%
110
79
39.2%
$249,100
$234,790
6.1%
102
135
-24.4%
Goffstown
234
229
2.2%
170
159
6.9%
104
127
-18.1%
$219,574
$202,828
8.3%
75
72
3.3%
Hampstead
158
163
-3.1%
107
89
20.2%
81
83
-2.4%
$263,798
$238,734
10.5%
78
111
-30.1%
Pelham
229
190
20.5%
151
124
21.8%
120
127
-5.5%
$306,634
$280,323
9.4%
67
100
-32.4%
Raymond
207
184
12.5%
141
110
28.2%
104
94
10.6%
$190,171
$167,748
13.4%
84
95
-12.0%
Salem
448
433
3.5%
316
288
9.7%
272
251
8.4%
$279,929
$265,446
5.5%
70
84
-16.1%
Sandown
136
109
24.8%
91
74
23.0%
95
54
75.9%
$251,180
$214,984
16.8%
106
98
8.1%
Weare
198
183
8.2%
114
107
6.5%
75
85
-11.8%
$190,233
$193,080
-1.5%
106
115
-7.7%
Windham
340
313
8.6%
212
193
9.8%
182
159
14.5%
$437,660
$401,547
9.0%
96
120
-20.2%
Totals
3239
3003
7.3%
2181
1965
9.9%
1636
1628
0.5%
$280,547
258,483
7.9%
86.43
96.79
-12.0%
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
14
l
MARKET REPORT 2013
LEARN MORE AT: FOURSEASONSMERRIMACK.COM
The Merrimack Valley l CONDOMINIUMS The condo market in the Valley experienced some of the best results of the four regions we service. New Listings, Unit Sales, Pending Sales and Average Selling Prices were all up. Days on Market were down significantly; by (-8.7%). A number of towns in the region experienced double digit increases in Unit Sales and Average Selling Prices. Pending Sales were 3.7% higher at the end of the year over 2012; a great indicator of continued activity. This all points to a significant resurgence of the condo market in Southern New Hampshire.
The Merrimack Valley - Condominium Statistics 2013 vs. 2012 NEW LISTINGS
SOLD LISTINGS
PENDING LISTINGS
AVERAGE SELLING PRICE
DAYS ON MARKET
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
2013
2012
‘13 vs. ‘12
Atkinson
39
27
44.4%
31
20
55.0%
23
13
76.9%
$233,774
$212,921
9.8%
66
72
-8.2%
Bedford
59
70
-15.7%
34
55
-38.2%
24
39
-38.5%
$298,379
$245,847
21.4%
69
72
-4.9%
Candia
0
0
N/A
0
0
N/A
0
0
N/A
$-
$-
N/A
0
0
N/A
Chester
9
16
-43.8%
8
5
60.0%
7
7
0.0%
$178,663
$168,760
5.9%
104
109
-4.1%
Derry
152
178
-14.6%
145
127
14.2%
120
130
-7.7%
$111,376
$103,307
7.8%
71
95
-25.0%
Epping
39
27
44.4%
19
13
46.2%
15
11
36.4%
$183,373
$143,077
28.2%
132
184
-28.3%
Goffstown
41
44
-6.8%
33
31
6.5%
19
21
-9.5%
$131,340
$117,692
11.6%
83
95
-13.3%
Hampstead
47
29
62.1%
24
17
41.2%
20
17
17.6%
$231,450
$181,235
27.7%
81
83
-2.5%
Pelham
22
13
69.2%
14
6
133.3%
11
5
120.0%
$278,609
$267,656
4.1%
167
195
-14.8%
Raymond
34
51
-33.3%
32
16
100.0%
23
12
91.7%
$169,317
$145,550
16.3%
150
122
22.7%
Salem
58
47
23.4%
39
37
5.4%
37
31
19.4%
$141,836
$127,733
11.0%
75
105
-28.3%
Sandown
9
14
-35.7%
9
11
-18.2%
9
8
12.5%
$181,037
$127,718
41.7%
183
164
11.5%
Weare
12
14
-14.3%
7
5
40.0%
4
7
-42.9%
$125,179
$166,580
-24.9%
134
128
4.9%
Windham
64
51
25.5%
45
42
7.1%
38
36
5.6%
$237,037
$271,417
-12.7%
146
164
-11.1%
Totals
585
581
0.7%
440
385
12.5%
350
337
3.7%
$192,413
$175,346
8.9%
112.4
122.2
-8.7%
Sales Statistics: NNEREN 1/1/2013 - 12/31/2013
LEARN MORE AT: FOURSEASONSMERRIMACK.COM
MARKET REPORT 2013
l
15
Where to Find Us... Our New London office is proud of their 106 year heritage of personalized representation to the Lake Sunapee Region of New Hampshire. They represent some of the finest lakeside properties, moutain-view estates, farms and acreage in the Lake Sunapee Region. 259 Main Street l New London 603.526.4050 www.FourSeasonsLakeSunapeeRegion.com Our Hanover office serves the Upper Valley of New Hampshire and Vermont. Our Associates possess a striking knowledge of this region coupled with a desire to exceed their client’s expectations. They represent a broad cross section of properties from classic New England farms and estates to in-town homes. 17 1/2 Lebanon Street l Hanover 603.643.6070 www.FourSeasonsUpperValley.com Our Meredith Associates are industry leaders in the marketing and sale of distinctive properties throughout New Hampshire’s Lakes Region. They represent exceptional properties both on and off the water from classic lake cottages to exquisite Adirondack Style homes. 3 Main Street l Meredith 603.677.7012 www.FourSeasonsLakesRegion.com We also feature regional agents working in the Merrimack Region of New Hampshire. Please visit www.FourSeasonsMerrimackRegion.com
www.FourSeasonsSothebysSIR.com An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned and Operated.