Q1 2017 MARKET REPORT CENTRAL VERMONT
Knowledge is Power We are proud to share with you our Vermont and New Hampshire Q1 2017 Market Report. Our focus is to ensure that our clients (whether selling or purchasing real estate) have comprehensive information in order to make informed decisions. Ultimately, your success is ours.
I
n our first quarter report, you will find year over year market trends. Any one of our Associates can produce a customized report by price, region, and across multiple town upon request. The Market is strong, but we are experiencing a shortage of inventory in some price ranges.
I remember my first mortgage was 18.5%. The slight increase we have experienced since the historic lows of the last few years is minor. We hope you find our Q1 Market Report for 2017 helpful as you evaluate your real estate options. At Four Seasons Sotheby’s International Realty, we are committed to providing the highest level of service and expertise to buyers and sellers alike at all price points. You can find us on the web at www.FourSeasonsSIR.com or download our terrific app (Real Estate VT NH). Sixty percent of real estate web traffic is now viewed on a mobile platform. It will be our privilege to serve you.
Staige Davis, CEO
MLS#4622913
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 2
CENTRAL VERMONT REPORT
Total Units Sold varies by town:
- Rutland City was Flat
- Brandon -42.9%
- Rutland Town -44.4%
- Stowe -21.2%
However, Average Sale Price increased in numerous markets:
$
- Rutland City +26.5%
- Brandon +38.4%
- Rutland Town +35.1%
- Waterbury +53.4%
- Poultney +36.4%
Average Days on Market generally declined depending on market:
- Rutland City -1.8%
- Randolph -60.3%
- Rutland Town -36.4%
- Castleton -36.3%
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 6
TOTAL SALES IN UNITS Number of Sales
KEY
40
-21.1%
2017 Annual 0.0%
30
32
38
2016 Annual
32 30
20
8
6
5
5
12
5
5
Men don
r
leton
2
Cast
9
-60.0%
8
3
Rand olph
Shre wsbu r
n d Tow Rutla n
d Cit y
0
y
0
Rutla n
+20.0%
15
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 7
4
Stow e
8
-100.0%
+60.0%
Poul tney
9
14
Proc to
10
-42.9%
Wate rbur y
14
-44.4%
66.7%
+75.0%
Bran don
+75.0%
Source: NEREN 1/1/17-3/31/17
CENTRAL VERMONT REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
600,000
2017 Annual
-23.8%
2016 Annual 450,000 +53.4%
300,000 +35.1%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 8
501k
382k
Stow e
224k
343k
ury Wate rb
130k
180k
Bran don
118k
132k
don Men
142k
194k
ey Poul tn
161k
+12.2%
121k
149k
+38.4%
-25.2%
Proc tor
ton
103k
-30.8%
Cast le
164k
159k
lph
y
0
Shre wsbu r
148k
200k
n d Tow Rutla n
113k
143k
Rutla n
d Cit y
0
138k
-100%
150,000
Rand o
+26.5%
+36.4% -3.2%
Source: NEREN 1/1/17-3/31/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
700
+41.0%
2017 Annual
671
2016 Annual 525 476
-60.3%
383
350
-1.8%
278
-36.4%
184
160 163
137
117
+31.3%
302
152
+50.3% +82.7%
230
-100.0%
281
-32.2%
232
208
177 141
127
+26.9%
187 151 119
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 9
Stow e
ury Wate rb
don Bran
don Men
ey Poul tn
r Proc to
leton Cast
Shre wsbu r
n d Tow Rutla n
d Cit y Rutla n
y
0
0
Rand olph
175
-36.3%
Source: NEREN 1/1/17-3/31/17
VERMONT & NEW HAMPSHIRE OFFICE LOCATIONS
NORTH EAST KINGDOM
CHAMPLAIN VALLEY REGION
South Burlington 802.864.0541
GREAT NORTH WOODS REGION
Stowe 802.253.7267 St. Johnsbury 802.751.7582
Vergennes 802.877.3232
Randolph 802.565.8136
Middlebury 802.388.1000 CENTRAL VERMONT REGION
Rutland 802.774.7007
UPPER VALLEY REGION
Fairlee 802.333.4701
Manchester 802.362.4551
Mount Snow 802.464.1200
Hanover - Main St. 603.643.6400 Hanover - Lebanon St. 603.643.6070 West Lebanon 603.298.5155
Okemo 802.228.4537
Bromley 802.824.3113 SOUTHERN VERMONT REGION
WHITE MOUNTAIN REGION
New London 603.526.4050
Meredith 603.677.7012
UPPER VALLEY REGION
Wolfeboro 603.941.1000
LAKES REGION
LAKE SUNAPEE REGION
Stratton 802.297.1100
MERRIMACK VALLEY REGION MONADNOCK REGION
SEACOAST REGION
Bedford 603.413.7600