Market Report Lake Sunapee Region
First Half 2023
Market Overview At A Glance
LAKE SUNAPEE REGION
The Lake Sunapee Region housing market began to normalize in the First Half of 2023 after nearly two red-hot years.
Limited inventory remained a major driving factor, and the total number of units sold was down by 23.8% across key select towns in the Lakes Region. The average sales price decreased by 3.5% while the average days on market remained the same year over year.
Lakefront properties are still in high demand in the Region with the Average Sales Price for listings $1MM+ on Lake Sunapee increasing +16.1% and +22.9% on Little Lake Sunapee.
There is a breakdown for key Lakes and Towns in this report for more details at a local market level.
Moving into the Second Half of 2023, we anticipate that buyer demand will continue to be strong, driven by limited inventory and that pricing will continue to hold steady. Pricing appropriately for Sellers will become of the utmost importance in order to sell in a timely manner.
Now more than ever, you need an experienced real estate professional to guide you through this ever-changing market.
Lake Sunapee Region Overview
All Properties | All Price Points
Source: Prime MLS Data - (1/1/2023 - 6/30/2023) vs. Previous Year To Date (1/1/2022 - 6/30/2022)All Property Types - All Price Points - Andover, Bradford, Goshen, Grantham, New London, Newbury, Springfield, Sunapee, Sutton, Warner & Wilmot. Lake Sunapee Region 2023 2022 +/ - % TOTAL SALES IN UNITS: 384 504 - 23.8% TOTAL SALES DOLLARS: $173,900,000 $ 236,860,000 - 26.6% AVERAGE SALE PRICE: $453,106 $469,431 - 3.5% AVERAGE DAYS ON MARKET: 48 48 0% SOLD PRICE VS. LIST PRICE: 99.37% 102.50% - 3.1%
Lake Sunapee Region by Town
All Properties | All Price Points
ANDOVER 2023 2022 +/- % TOTAL SALES IN UNITS: 16 16 0% AVERAGE SALE PRICE: $208,400 $582,400 - 64.2% AVERAGE DAYS ON MARKET: 62 82 - 24.4% SOLD PRICE VS. LIST PRICE: 95.9% 100.5% - 4.6% BRADFORD 2023 2022 +/- % TOTAL SALES IN UNITS: 10 21 - 52.4% AVERAGE SALE PRICE: $286,500 $304,600 - 5.9% AVERAGE DAYS ON MARKET: 79 31 + 154.8% SOLD PRICE VS. LIST PRICE: 99% 105.4% - 6.1% GOSHEN 2023 2022 +/- % TOTAL SALES IN UNITS: 3 7 - 57.1% AVERAGE SALE PRICE: $241,200 $304,900 - 20.9% AVERAGE DAYS ON MARKET: 129 22 + 486.4% SOLD PRICE VS. LIST PRICE: 89.7% 106.6% - 15.9% GRANTHAM 2023 2022 +/- % TOTAL SALES IN UNITS: 44 38 + 15.8% AVERAGE SALE PRICE: $400,100 $390,300 + 2.5% AVERAGE DAYS ON MARKET: 84 72 + 16.7% SOLD PRICE VS. LIST PRICE: 100.67% 101.72% - 1.0% NEW LONDON 2023 2022 +/- % TOTAL SALES IN UNITS: 38 35 + 8.6% AVERAGE SALE PRICE: $557,900 $804,100 - 30.6% AVERAGE DAYS ON MARKET: 32 34 - 5.9% SOLD PRICE VS. LIST PRICE: 99.01% 100.34% - 1.3%
SPRINGFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 10 21 - 52.4% AVERAGE SALE PRICE: $292,900 $345,700 - 15.3% AVERAGE DAYS ON MARKET: 77 44 + 75.0% SOLD PRICE VS. LIST PRICE: 100.4% 99.3% + 1.1% NEWBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 19 29 - 34.5% AVERAGE SALE PRICE: $857,100 $622,900 + 37.6% AVERAGE DAYS ON MARKET: 24 75 - 68.0% SOLD PRICE VS. LIST PRICE: 98.0% 107.2% - 8.6% SUNAPEE 2023 2022 +/- % TOTAL SALES IN UNITS: 18 33 - 45.5% AVERAGE SALE PRICE: $591,500 $466,900 + 26.7% AVERAGE DAYS ON MARKET: 30 29 + 3.4% SOLD PRICE VS. LIST PRICE: 101.5% 101.4% + 0.1% SUTTON 2023 2022 +/- % TOTAL SALES IN UNITS: 11 20 - 45.0% AVERAGE SALE PRICE: $334,300 $349,200 - 4.3% AVERAGE DAYS ON MARKET: 97 66 + 47.0% SOLD PRICE VS. LIST PRICE: 100.1% 105.4% - 5.1% WARNER 2023 2022 +/- % TOTAL SALES IN UNITS: 13 18 - 27.8% AVERAGE SALE PRICE: $351,300 $356,700 - 1.5% AVERAGE DAYS ON MARKET: 54 20 + 170% SOLD PRICE VS. LIST PRICE: 99.4% 105.7% - 5.9% WILMOT 2023 2022 +/- % TOTAL SALES IN UNITS: 11 15 - 26.7% AVERAGE SALE PRICE: $320,500 $265,600 + 20.7% AVERAGE DAYS ON MARKET: 46 95 - 51.6% SOLD PRICE VS. LIST PRICE: 99.76% 99.34% + 0.4%
Lake Sunapee Overview
All Properties | All Price Points
Source: Prime MLS Data - (1/1/2023 - 6/30/2023) vs. Previous Year To Date (1/1/2022 - 6/30/2022)All Property Types - $1MM+ - Lake Sunapee Lake Sunapee 2023 2022 +/ - % TOTAL SALES IN UNITS: 11 15 - 26.7% TOTAL SALES DOLLARS: $16,813,742 $19,744,500 - 14.8% AVERAGE SALE PRICE: $1,528,522 $1,316,300 + 16.1% AVERAGE DAYS ON MARKET: 15 64 - 76.5% SOLD PRICE VS. LIST PRICE: 100.53% 105.21% - 4.4%
Little Lake Sunapee Overview
All Properties | All Price Points
Source: Prime MLS Data - (1/1/2023 - 6/30/2023) vs. Previous Year To Date (1/1/2022 - 6/30/2022)All Property Types - $1MM+ - Little Lake Sunapee Little Lake Sunapee 2023 2022 +/ - % TOTAL SALES IN UNITS: 3 3 0% TOTAL SALES DOLLARS: $2,427,000 $1,402,998 + 72.9% AVERAGE SALE PRICE: $809,000 $467,666 + 22.9% AVERAGE DAYS ON MARKET: 84 14 + 500% SOLD PRICE VS. LIST PRICE: 92.46% 101.45% - 8.99%
Vermont
New York
Champlain Valley
Hudson Valley
South Burlington: 802.864.0541
Kingston: 845.331.3100
Rhinebeck: 845.876.5100
Central Vermont
Tivoli: 845.757.5000
Rutland: 802.774.7007
Catskill: 518.943.7533
Killington: 802.746.4203
Hudson: 518.822.0800
Stowe: 802.253.7267
Upstate New York
Northeast Kingdom
Saratoga Springs: 518.580.8500
St. Johnsbury: 802.751.7582
Bolton Landing: 518.644.9500
Lake Placid: 518.523.2550
Southern Vermont
Central New York
Mount Snow: 802.464.1200
Stratton: 802.297.1100
Syracuse: 315.685.8100
Manchester: 802.362.4551
Thousand Islands Region: 315.685.8100
Okemo: 802.228.4537
Finger Lakes Region: 315.685.8100
Upper Valley
Western New York
Fairlee: 802.333.4701
Buffalo: 716.320.1414
Rochester: 585.394.7111
New Hampshire
Lake Sunapee Region
New London: 603.526.4050
Lakes Region of New Hampshire
Meredith: 603.677.7012
Southern New Hampshire
Bedford: 603.413.7600
Peterborough: 603.924.3321
Upper Valley
Hanover: 603.643.6070
Vermont
New York
Hudson Valley
Kingston: 845.331.3100
Champlain Valley South Burlington: 802.864.0541
Rhinebeck: 845.876.5100
Central Vermont
Tivoli: 845.757.5000
Rutland: 802.774.7007
Catskill: 518.943.7533
Killington: 802.746.4203
Hudson: 518.822.0800
Stowe: 802.253.7267
Upstate New York
Northeast Kingdom St. Johnsbury: 802.751.7582
Saratoga Springs: 518.580.8500
Bolton Landing: 518.644.9500
Lake Placid: 518.523.2550
Southern Vermont
Central New York
Mount Snow: 802.464.1200
Stratton: 802.297.1100
Syracuse: 315.685.8100
Thousand Islands Region: 315.685.8100
Manchester: 802.362.4551
Finger Lakes Region: 315.685.8100
Okemo: 802.228.4537
Upper Valley Fairlee: 802.333.4701
Western New York
Buffalo: 716.320.1414
Rochester: 585.394.7111
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Lakes Meredith: Southern Bedford: Peterborough: Lake New New Hanover:
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Hampshire