Luxury Market Report
Luxury Market Introduction
FIRST HALF 2023
Luxury is an Experience
We are pleased to share our First Half 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 +64% 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 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 - 6/30/23All 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
Market Overview
FIRST HALF 2023
2023 First Half Recap
The Luxury Market in Vermont and New Hampshire began to show signs of slowing during the First Half of 2023 given all of the marketplace uncertainty.
Vermont reflected a decrease of -15.7% in Properties Sold while the Average Sales Price held relatively stable at -0.4% and Average Days on Market decreased -11.2%.
New Hampshire exhibited a -8.2% increase in Properties Sold, a slight decrease in Average Sale Price of -2.4% and a -31.3% increase in Average Days on Market.
Lack of inventory remains at historically low levels which in turn has helped to keep prices relatively stable.
Pricing appropriately, preparing your home for market, and reaching the right Buyers will become even more critical in order to sell your property in a timely manner. 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 - 6/30/23- All VT & NH Counties Combined
&
BARNARD, VT
WILLISTON, VT
VT
NH
NH GRAND ISLE, VT
A sample of some of our Significant Sales from the first half of 2023 throughout Vermont
New Hampshire MORGAN, VT HANOVER, NH NEWBURY, NH
BEDFORD, NH CHARLOTTE, VT LUDLOW, VT
BARNARD,
GILFORD,
NEWBURY,
Number of Homes For Sale vs. Sold vs. Pended
Report:
VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKE T 713 637 $1,753,091 $1,723,660 62 68 10.7% 1.7% 9.7% Source: Prime MLS 1/1/21 - 12/31/21 and 1/1/23 - 6/30/23— All VT & NH Counties Combined
Luxury
$1MM+
& NEW HAMPSHIRE
(MAY 2022 - JUNE 2023) Source: Trendgraphix utilizing Prime MLS data 6/1/22 - 6/30/23— All VT & NH Counties Combined FIRST HALF 2022 FIRST HALF 2023 % CHANGE 7/22 8/22 6/22 5/22 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23 0 50 100 150 200 250 300 350 400 450 500 169 111 83 83 47 69 73 112 132 149 147 125 142 112 416 374 303 296 309 297 343 387 450 495 477 483 461 348 158 127 85 111 67 87 51 72 102 119 145 111 142 126 SOLD PENDED FOR SALE
VT & NH COMBINED Total Sales in Units (JAN. 2023 - JUN. 2023) 105 64 54 37 32 Total Sales in $000 (JAN. 2023 - JUN. 2023) 185M 121M 90M 49M 45M *Source: Prime MLS Data - 1/1/23 - 6/30/23— All VT & NH Counties Combined FSSIR COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4
Luxury Report: $1MM+
Number of Homes For Sale vs. Sold vs. Pended (MAY 2022 - JUNE 2023)
0 25 50 75 100 125 150 175 200 225 250 40 33 28 33 20 24 26 30 28 47 43 34 39 35 167 159 130 133 145 143 156 172 184 200 196 210 187 156 51 29 23 35 19 36 19 24 27 31 36 37 36 35
VERMONT NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKE T 236 199 $1,696,346 $1,689,735 89 79 15.7% .4% 11.2% Source: Prime MLS 1/1/21 - 12/31/21 and 1/1/23 - 6/30/23— All VT Counties Combined
Luxury Report: $1MM+
Source: Trendgraphix utilizing Prime MLS data 6/1/22 - 6/30/23— All VT Counties Combined FIRST HALF 2022 FIRST HALF 2023 % CHANGE FOR SALE SOLD PENDED 7/22 8/22 6/22 5/22 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23
VERMONT Total Sales in Units (JAN. 2023 - JUN. 2023) 74 17 17 24 32 Total Sales in $000 (JAN. 2023 - JUN. 2023) 123M 24M 36M 40M 45M *Source: Prime MLS Data - 1/1/23 - 6/30/23— All VT Counties Combined FSSIR COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4
Luxury Report: $1MM+
Number of Homes For Sale vs. Sold vs. Pended (MAY 2022 - JUNE 2023)
0 30 60 90 120 150 180 210 240 270 300 129 78 55 50 27 45 47 82 104 102 104 91 108 77 249 215 173 163 164 154 187 215 266 295 281 273 274 192 107 98 62 76 48 51 32 48 75 88 109 74 106 91 NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKE T 477 438 $1,781,166 $1,739,073 48 63 8.2% 2.4% 31,3% Source: Prime MLS 1/1/21 - 12/31/21 and 1/1/23 - 6/30/23— All NH Counties Combined
Source: Trendgraphix utilizing Prime MLS data 6/1/22 - 6/30/23— All NH Counties Combined
FIRST HALF 2022 FIRST HALF 2023 % CHANGE FOR SALE SOLD PENDED 7/22 8/22 6/22 5/22 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23
Luxury Report: $1MM+ NEW HAMPSHIRE
NEW HAMPSHIRE Total Sales in Units (JAN. 2023 - JUN. 2023) 31 31 33 53 64 Total Sales in $000 (JAN. 2023 - JUN. 2023) 62M 49M 44M 89M 121M *Source: Prime MLS Data - 1/1/23 - 6/30/23— All NH Counties Combined FSSIR COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4
Luxury Report: $1MM+