Q1 2017 Market Report - Northeast Kingdom

Q1 2017 MARKET REPORT NORTHEAST KINGDOM

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

NORTHEAST KINGDOM REPORT

Total Sales in Units are typically light in Q1:

- St. Johnsbury stayed flat - Lyndon +100.0%

Average Sale Price varied by town: - Greensboro +131.9%

$

- St. Johnsbury +62.8% - Lyndon -12.2% - Burke -50.2%

Average Days on Market decreased for a majority of towns: -B urke and Lyndon decreased -G reensboro, Orleans and St. Johnsbury exhibited an increase

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 2

TOTAL SALES IN UNITS Number of Sales

KEY

12

+100.0% 0.0%

12

2017 Annual

11

11

2016 Annual 9

+50.0%

6

6

6

-33.3%

3

-66.7%

4 3

3

2 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 | 2 3

ury ohns b St. J

s Orle an

Lynd on

Burk e

Gree nsbo

ro

0

Source: NEREN 1/1/17-3/31/17

NORTHEAST KINGDOM REPORT

AVERAGE SALE PRICE Average Sale Price

KEY

+131.9%

400,000

2017 Annual 2016 Annual 300,000 -50.2%

200,000 +300.9%

+62.8%

-12.2%

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 | 2 4

bury

88k

143k

ohns

s Orle an

n Lynd o

Burk e

Gree

nsbo

ro

0

St . J

37k

155k

131k

115k

239k

119k

171k

398k

100,000

Source: NEREN 1/1/17-3/31/17

AVERAGE DAYS ON MARKET Average Days on Market 900

+220.3%

KEY 2017 Annual

852

2016 Annual 675

450

+57.1%

266 140

135

Orle an

n Lynd o

Burk e

ro nsbo Gree

43

s

55

0

154

+27.9%

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 | 2 5

bury

127

ohns

123

242

-3.6%

-3.1%

St. J

225

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