Luxury Market Report
Q1 2023 | VT & NH
Luxury Market Introduction
Q1 2023
Luxury is an Experience
We are pleased to share our Q1 2023 Luxury Market Report covering both New Hampshire and Vermont. In this report you will find real estate trends for the Luxury Market which is defined as homes sold for over $1MM.
Four Seasons Sotheby’s International Realty is the clear leader in the Luxury Market with nearly 200% more properties sold at the $1MM+ level then our next closest competitor in the two states combined.
Our performance is the direct result of the reach and power of our Four Seasons SIR brand together with our ongoing commitment by our associates and staff to provide the highest level of service and expertise to both Buyers and Sellers.
It would be our privilege to service all of your real estate needs in this beautiful and scenic place we call home.
Laurie Mecier-Brochu CEO/President
*Source: Trendgraphix Data - 1/1/23 - 3/31/23All VT & NH Counties Combined
Table of Contents
Market Overview
PAGE 4
$1MM + Vermont & New Hampshire
PAGE 6
$1MM + Vermont
PAGE 8
$1MM + New Hampshire
PAGE 10
Q1 2023 Recap
Q1 was relatively quiet for the Luxury Market in New Hampshire and Vermont which is typical in terms of traditional seasonality.
Vermont reflected an -11% decrease in Properties Sold and an Average Sales Price decrease of -4% and Average Days on Market decreased -19%.
New Hampshire exhibited a -21% decrease in Properties Sold, a slight decrease in Average Sale Price of -2% and a +13% increase in Average Days on Market.
Moving into the Remainder of 2023
We anticipate that Pricing for the Luxury Market will continue to stabilize with flat to modest decreases/increases depending on local markets driven by the lack of inventory for sale.
Pricing appropriately and preparing your home for the best presentation and impact will become even more critical in order to sell your property in a timely manner and maximize your investment. Properties that are overpriced are beginning to sit on the market for longer periods of time.
Now more than ever, you need a trusted partner with the experience, track record and resources to navigate this uncertain market.
*Source: Trendgraphix Data - 1/1/23 - 3/31/23 - All VT & NH Counties Combined
Market Overview Q1 2023
A sample of some of our Significant Sales from Q1 2023 throughout Vermont & New Hampshire LUDLOW, VT SUNAPEE, NH NEWBURY, NH STOWE, VT BEDFORD, NH MANCHESTER, VT CHARLOTTE, VT RINDGE, NH LONDONDERRY, VT BETHLEHEM, NH GILFORD, NH SHELBURNE, VT
Number of Homes For Sale vs. Sold vs. Pended
Luxury Report: $1MM+ VERMONT &
HAMPSHIRE NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKE T 281 231 $1,833,564 $1,786,881 81 79 18% 3% 3% Source: NNEREN 1/1/22 - 3/31/22 and 1/1/23 - 3/31/23 — All VT & NH Counties Combined
(APR. 2022 - MAR. 2023) Source: Trendgraphix utilizing NNEREN data 4/1/22 - 3/31/23 — All VT & NH Counties Combined Q1 2022 Q1 2023 % CHANGE 6/22 7/22 5/22 4/22 8/22 9/22 10/22 11/22 12/22 1/23 2/23 3/23 0 50 100 150 200 250 300 350 400 450 500 82 47 69 73 112 132 149 147 125 147 112 100 296 309 297 343 387 450 495 477 483 461 348 276 115 68 87 51 72 102 119 145 111 142 126 105 SOLD PENDED FOR SALE
NEW
Luxury Report: $1MM+
VT & NH COMBINED Total Sales in Units (JAN. 2023 - MAR. 2023) 41 19 18 14 12 Total Sales in $000 (JAN. 2023 - MAR. 2023) 73M 39M 27M 19M 19M *Source: Trendgraphix Data - 1/1/23 - 3/31/23 — All VT & NH Counties Combined FSSIR COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4
Number of Homes For Sale vs. Sold vs. Pended (APR. 2022 - MAR. 2023)
0 25 50 75 100 125 150 175 200 225 250 32 20 24 26 30 28 47 43 34 39 35 44 133 145 143 156 172 184 200 196 210 187 156 123 36 19 36 19 24 27 31 36 37 36 35 33
Report:
VERMONT NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKE T 97 86 $1,791,909 $1,722,898 117 95 11% 4% 19% Source: NNEREN 1/1/22 - 3/31/22 and 1/1/23 - 3/31/23 — All VT Counties Combined
Luxury
$1MM+
Source: Trendgraphix utilizing NNEREN data 4/1/22 - 3/31/23 — All VT Counties Combined Q1 2022 Q1 2023 % CHANGE FOR SALE SOLD PENDED 6/22 7/22 5/22 4/22 8/22 9/22 10/22 11/22 12/22 1/23 2/23 3/23
Luxury Report: $1MM+
VERMONT Total Sales in Units (JAN. 2023 - MAR. 2023) 27 9 9 10 14 Total Sales in $000 (JAN. 2023 - MAR. 2023) 46M 13M 22M 21M 19M *Source: Trendgraphix Data - 1/1/23 - 3/31/23 — All VT Counties Combined FSSIR COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4
Number of Homes For Sale vs. Sold vs. Pended (APR. 2022 - MAR. 2023)
0 25 50 75 100 125 150 175 200 225 250 275 300 50 27 45 47 82 104 102 104 91 108 77 56 163 164 154 187 215 266 295 281 273 274 192 153 79 49 51 32 48 75 88 109 74 106 91 72 NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKE T 184 145 $1,855,523 $1,824,830 62 70 21% 2% 13% Source: NNEREN 1/1/22 - 3/31/22 and 1/1/23 - 3/31/23 — All NH Counties Combined
Source: Trendgraphix utilizing NNEREN data 4/1/22 - 3/31/23 — All NH Counties Combined
NEW HAMPSHIRE Q1 2022 Q1 2023 % CHANGE FOR SALE SOLD PENDED 6/22 7/22 5/22 4/22 8/22 9/22 10/22 11/22 12/22 1/23 2/23 3/23
Luxury Report: $1MM+
Luxury Report: $1MM+
NEW HAMPSHIRE Total Sales in Units (JAN. 2023 - MAR. 2023) 19 10 10 14 18 Total Sales in $000 (JAN. 2023 - MAR. 2023) 39M 13M 13M 27M 27M *Source: Trendgraphix Data - 1/1/23 - 3/31/23 — All NH Counties Combined FSSIR COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4
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
New
Vermont
New Hampshire
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
Lake Sunapee Region New London: 603.526.4050
Lakes Region of New Hampshire
Meredith: 603.677.7012
Southern New Hampshire Bedford: 603.413.7600
Saratoga Springs: 518.580.8500
Northeast Kingdom
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
Peterborough: 603.924.3321
Upper Valley Hanover: 603.643.6070
Thousand Islands Region: 315.685.8100
Manchester: 802.362.4551
Finger Lakes Region: 315.685.8100
Okemo: 802.228.4537
Upper Valley
Western New York
Fairlee: 802.333.4701
Buffalo: 716.320.1414
Rochester: 585.394.7111
FourSeasonsSIR.com Each Office is Independently Owned and Operated FourSeasonsSIR.com Southern Vermont Mount
Stratton: 802.297.1100 Manchester:
Okemo: 802.228.4537 Central Vermont Rutland: 802.774.7007 Killington: 802.746.4203 Stowe: 802.253.7267 Upper Valley Fairlee: 802.333.4701 Northeast Kingdom St. Johnsbury:
Champlain Valley South Burlington:
Vermont
Snow: 802.464.1200
802.362.4551
802.751.7582
802.864.0541
York
FourSeasonsSIR.com
