2016 ANNUAL MARKET REPORT
Knowledge is Power We are proud to share with you our Vermont and New Hampshire 2016 Annual 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 this report, you will find year over year market trends in order to help you identify where the market is headed. Please don’t hesitate to contact one of our Associates for more detailed information. We hope you find our Full Year Market Report for 2016 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 in all price categories. It will be our privilege to serve you.
Staige Davis, CEO
MLS#4605598
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TABLE OF CONTENTS 1 Market Review 2 Central Vermont Rutland County Washington County Lamoille County 3 Champlain Valley Chittenden County Addison County
ON THE COVER: MLS#4613614
4 Lake Sunapee Region Merrimack County Sullivan County 5 Lake Winnipesaukee Region Belknap County Carroll County
MLS#4499588
6 Northeast Kingdom Caledonia County Orleans County 7 Southern New Hampshire Hillsborough County Rockingham County 8 Southern Vermont Bennington County Windham County Windsor County Rutland County 9 Upper Valley Grafton County Orange County Windsor County Sullivan County 10 Luxury Market $600K+ $1 Million+
MLS#4507633
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MARKET REVIEW Top Housing Trends for 2017
Next year’s predicted slowing price and sales growth, increasing interest rates and changing buyer demographics are setting the stage for eight key housing trends: 1. Prices will continue to rise--but more slowly. Prices rose every month last year (through October) with the largest gains coming in the later half and a 5.61% increase in national. Experts expect prices will continue their climb, but gains will slow. "We believe price increases will hold steady despite slowing sales growth, because homebuyer demand is stronger now than it was at the same time last year, and because we foresee a small uptick in homes for sale," notes Nela Richardson, chief economist at real estate brokerage Redfin. "With the current high consumer confidence numbers and low unemployment rate, affordability trends do not suggest an immediate reversal in home price trends," noted David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in the December release of the Case-Shiller home price index. "Nevertheless, home prices cannot rise faster than incomes and inflation indefinitely.”
A decade ago a mismatch like this would not have been so apparent because buyers could get subprime loans, but now high credit is a requirement. The percent of new listings in the lowest price tier of the market has declined nearly every month in the last five years. Experts agree that even if builders are more active this year, they are unlikely to significantly add to the starter home stock in 2017.
WITH THE CURRENT HIGH CONSUMER CONFIDENCE NUMBERS AND LOW UNEMPLOYMENT RATE, AFFORDABILITY TRENDS DO NOT SUGGEST AN IMMEDIATE REVERSAL IN HOME PRICE TRENDS
3. Mortgage rates will be volatile. The two major political events of 2016 set mortgage rates moving in opposite directions. In June, the British vote to exit the European Union put rates near a record low. In November, the U.S. election of Donald Trump had the opposite effect, sending rates above 4% for the first time in two years. By historic standards rates are still low. In 2017 experts expect movement, but differ on where for the 30-year fixed rate will land. Estimates out there range from between 3.75% and 4.6%--not so far from where it is today.
"Mortgage rates going up is a bit of euphoria and optimism over [Trump's] promise to lower taxes, increase infrastructure spending and drive 4% econ growth," says Richardson. "As more details materialize and we get a realistic assessment, we will see rates bump around." Notes Gudell: "If you squint at line you will see nice upward trend, but it will happen at a volatile pace."
Redfin expects the median home sale prices to gain 5.3% in 2017 compared to 2016, which would not be a major change from the 5.5% year-over-year gain expected to close out this year. Zillow is forecasting the median home value to rise 3.2% from $192,500 between November 2016 to November 2017. Zillow's home value index rose 6.5% in the year ending November 30th. 2. Affordability will worsen. Wages are expected to grow in America's big cities this year, but the share of homes affordable to someone earning the median income is not. This trend, which has stymied many aspiring to buy their first home over the past few years, will be intensified by a continued shortage in low- to moderate-priced inventory and rising mortgage rates. "The irony of the modern housing market is that the places where we are seeing wage growth are places where people can't live because they are too un-affordable. There is a mismatch," says Nela Richardson, chief economist at real estate brokerage Redfin.
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MLS#4606383
year average," wrote Trulia Chief Economist Ralph McLaughlin. "The historical view looks like there’s also more room for housing starts to grow." Construction, however, is unlikely to improve the affordability picture because there is a growing premium for new homes and most building in recent years has been on the high-end, since builders feel they can get a better return there. When it comes to existing homes a phenomenon Richardson calls "rate lock" may constrain inventory. Homeowners who locked in a mortgage below 4% are likely to stay in low priced homes rather than upgrade, a pattern that last emerged when rates briefly rose in 2013. 6. More Millennials will become homeowners--and renters. According to Zillow half of all buyers are under age 36. Not every economist agrees with this assessment, however it is clear that Millennials will continue to make up a large and growing portion of the buyer pool. Of course much of this is due to the fact that Millennials--adults born after 1980--are now the largest adult generation and make up the greatest percentage of the workforce. Redfin expects Millennial homebuyers will move from the coasts to "inland markets" where starter homes are more affordable. 7. Competition will grow fiercer. MLS#4442006
In December the Federal Reserve bumped short term interest rates o between 0.50% and 0.75%, the second hike in a decade. The 25 basis point move left rates low by historic standards and on did not have a huge impact on mortgage rates. However, the Fed's policy makers indicated they anticipate three hikes in 2017, which could have a larger effect. That's up from the two officials projected before Donald Trump was elected. That said, Fed projections can be taken with a grain of salt: they also originally thought they would hike three times in 2016. 4. Credit availability will improve--maybe. By and large early Trump administration priorities are not expected to deal directly with housing. However, the president-elect and his team have made it clear that they hope to roll back much of the post-crisis financial regulation laid out in the Dodd-Frank Act. In theory, this could open up banks to lend more freely to widerange of would be buyers. Though not everyone is convinced this type of lending is the direction banks would go with any new
found freedom. Meanwhile, there is speculation that Trump would return government-controlled mortgage companies Fannie Mae and Freddie Mac to private control. Investors have cheered the possibility, but some housing economists worry such a move would further restrict who could get credit to buy a home. 5. Supply will improve but remain short. Declining inventory was without a doubt the defining feature of the housing market in 2016. It led to price appreciation, as well as a hyper fast market for buyers and discouraged would-be-sellers who feared entering the buying fray. A complete turnaround is unlikely in 2017, but there are some signs the coming year could see a small bump in housing supply--at least on the new home front. Homebuilder sentiment picked up late last year, as many expect Trump to be a friend to the industry. Meanwhile, strong demand should also encourage building. "Controlling for the number of households in the U.S., housing starts are still only 55% of the 50-
In 2017 sellers will maintain the edge over buyers as demand is expected to increase. In 2016 the typical homes stayed on the market for just 52 days, about a week faster than in 2015 and the fastest year since Redfin began measuring in 2009. The brokerage expects 2017 to be even faster. 8. Political uncertainty will be replaced with policy uncertainty. Experts agree that three of President-Elect Donald Trump's policy priorities could meaningfully impact the housing market: his pledges to spend more on infrastructure, to cut taxes and to crack down on immigration. The consensus is that in the very short term any moves in these three ares could have a neutral-to-positive impact on the housing market. Over the longer term, however, opinions vary widely-Source: Forbes January 3 Housing Outlook, 2017
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Vermont Most of 2016 offered the same monthly housing market highlights. The number of homes for sale was drastically down in year-over-year comparisons, along with days on market and months of supply. Meanwhile, sales and prices were up in most markets. Unemployment rates were low, wages improved and, as the year waned, we completed a contentious presidential election and saw mortgage rates increase, neither of which are expected to have a negative impact on real estate in 2017. New Listings were down 18.8 percent for single-family homes and 15.3 percent for townhouse-condo properties. Pending Sales increased 11.4 percent for single-family homes but decreased 3.4 percent for townhouse-condo properties. The Median Sales Price was up 4.7 percent to $225,000 for single-family homes and 0.3 percent to $190,250 for townhouse-condo properties. Months Supply of Inventory decreased 22.6 percent for single-family units and 1.0 percent for townhouse-condo units. The overwhelming feeling about prospects in residential real estate for the immediate future is optimism. There are certainly challenges in this market, like continued low inventory and higher competition for those fewer properties, limited population and wage growth, but opportunities are there for diligent and savvy consumers.
MLS#4514965
New Hampshire New Hampshire is closing out 2016 with the nation’s lowest unemployment rate, wages that are on the rise and strong real estate sales. Combined, these factors show the state’s economy is strong heading into 2017. The state’s gross domestic product growth rate of 2.9 percent is among the highest in the nation, according to the most recently available federal data. New Hampshire's housing market finished 2016 posting a 18.4% increase inSingle Family homes sold with a 5.9% increase in Average Sales Price to $248,750. However, Inventory of available homes has fallen quickly, making it more of a sellers’ than a buyers’ market. Mortgage interest rates remain low but have finally started to rise, which adds uncertainty to the housing market heading into 2017.
MLS#4515583
MLS#4612538
Source: NH and VT Association of Realtors Source: NEREN 1/1/16 - 12/31/16
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MLS#4608899
THE LUXURY MARKETS IN NEW HAMPSHIRE AND VERMONT The Luxury market was strong in New Hampshire and showed a slight uptick in the Fall in Vermont during 2016. However, the luxury market continues to be primarily a Buyer's market, particularly in Vermont, due to relatively large supply of inventory and dearth of Buyers. This has resulted in many homes staying on the market for a prolonged period of time. Pricing appropriately in this type of marketplace is critical and many Seller's have had to lower their price expectations. Four Seasons Sotheby's International Realty continues to be the leader in the Luxury market in Vermont and New Hampshire with the most total sales above $600K. Additionally, we have sold more than double the amount of $1MM+ properties than our next closest competitor.
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CENTRAL VERMONT REPORT
Rutland City, Brandon, Randolph, Poultney, Stowe and Shrewsbury showed significant increase in total units sold. - Rutland City +14.3%
- Shrewsbury +33.3%
- Brandon +52.8%
- Randolph +14.3%
- Stowe +3.7%
- Poultney +36.4%
Average Sale Price increased in numerous markets:
$
- Rutland City +12.0%
- Brandon +35.5%
- Shrewsbury +23.2%
- Waterbury +25.7%
- Proctor +14.8%
- Stowe +21.0%
Average Days on Market varied widely depending on market: - Rutland City -16.7%
- Randolph -38.1%
- Rutland Town -6.3%
- Poultney -60.2%
- Stowe -7.3%
- Waterbury -20.4%
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TOTAL SALES IN UNITS Number of Sales
KEY
+14.3%
160
160
2016 Annual 140
+3.7%
139
2015 Annual
134
120
-27.5%
80
80
24
22
21
36
-6.3%
30
ey
Proc tor
Cast leton
ho Jeric
lph
y Shre wsbu r
d Tow n Rutla n
Rutla n
d Cit y
0
+36.4%
12
Rand o
16
63
15
16
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
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Stow e
+4.3%
ry
+33.3%
39
Wate rbu
36
don
42
Bran
48
61
55
-7.7%
don
51
58
Poul tn
49
+14.3%
Men
-3.9%
40
-3.2% +52.8%
Source: NEREN 2015-2016
CENTRAL VERMONT REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
600,000
+21.0%
2016 Annual 2015 Annual 450,000 +25.7% -3.0%
300,000 -5.7%
+23.2%
+20.6%
-7.0% +3.5%
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 0
440k
532k
Stow e
297k
374k
ury Wate rb
121k
165k
don Bran
215k
259k
don Men
171k
152k
ey Poul tn
117k
134k
Proc tor
242k
225k
ton Cast le
308k
299k
ho Jeric
183k
189k
lph Rand o
195k
241k
y Shre wsbu r
220k
208k
d Tow n
117k
+35.5%
+14.8%
Rutla n
Rutla n
d Cit y
0
131k
150,000
-11.1%
+12.0%
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market
KEY
400
2016 Annual 2015 Annual
+60.2%
300
306
+2.0%
200
-16.7%
162
-6.3%
164
200 196
+84.1%
+20.7%
+38.1%
222
214 -16.5%
175
200
191
184
135
203
136
126
113
+0.0%
61
219
+20.4%
132
100
210
158
155
-7.3%
-4.8%
232
61
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 1
Stow e
ury Wate rb
don Bran
don Men
Poul tney
r Proc to
Cast leton
ho Jeric
lph Rand o
y Shre wsbu r
n d Tow Rutla n
Rutla n
d Cit y
0
Source: NEREN 2015-2016
CHAMPLAIN VALLEY REPORT
Total Sales in Units increased in many markets with a few notable exceptions: - S. Burlington -4.1%
- Middlebury -27.4%
- Burlington -17.4%
- Vergennes -16.7%
- Winooski -37.0%
Average Sale Price increased significantly in three towns: - Charlotte +26.6%
$
- Shelburne +17.3% - Ferrisburgh +19.7%
Average Days on Market varied widely by individual town: -C harlotte, Richmond and Shelburne increased by 34.9%, 46.4% and 54.8% respectively -S outh Burlington, Burlington, Middlebury and Vergennes decreased by 18.2%, 20.3%, 14.3% and 31.4% respectively
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TOTAL SALES IN UNITS Number of Sales
KEY
400
+15.1% -4.1% 338
300
2015 Annual
327
324
2016 Annual
366
-17.4%
318
270
+2.2% 232 227
200 +2.7% +37.5%
bury Midd le
h burg Ferri s
n Willis to
e Shel burn
mon d Rich
Hine sbur g
Esse x
este r Colc h
lotte Char
Wino oski
Burli ngto n
lingt on
5
4
6 6
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 3
12 12
7 7
7 7
8 8
-14.3% 18
21
-16.7% 30
36
nnes
13 13
30
0
So. B ur
+160.0% -33.3% +71.4% -12.5%
Verg e
42
New Have n
48
Shor eham
40
port
41
84 61
Brid
58 41
+40.0%
m
55
80
+2.5%
Walt ha
51
+34.1%
n
81
-27.4%
110
+20.8%
Addi so
-37.0%
100
153 149
Source: NEREN 2015-2016
CHAMPLAIN VALLEY REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
600,000
+26.6%
2016 Annual
+17.3%
2015 Annual 450,000
+48.8% +2.1%
-1.8%
+3.1%
+15.5% -10.6%
+0.8%
+19.7%
-1.5%
300,000
-4.1%
-3.2% +3.9%
+47.2%
-4.4%
+3.2% +6.6%
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 14
177k 166k
nnes Verg e
254k 266k
New Have n
254k 172k
am Shor eh
216k 210k
Brid port
246k 256k
m Walt ha
407k 274k
Addi son
241k 249k
y lebu r Midd
338k 282k
h burg Ferri s
333k 323k
n Willis to
505k 430k
e burn Shel
279k 312k
Rich mon d
314k 272k
Hine sbur g
276k 280k
Esse x
304k 302k
este r Colc h
551k 435k
lotte Char
223k 215k
Wino oski
308k 314k
ngto n Burli
So. B ur
lingt on
0
327k 320k
150,000
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market
KEY
500
-70.4% -60.7%
2016 Annual
469
466
2015 Annual 375 -36.8% 277
-31.9%
250
+54.6%
226
218
+34.9% +0.9%
147
125 -18.2% -20.3% -33.9% 54
66
51
+46.4%
109
108 107
-33.3% 81
64
62
54
41
-30.4%
123
92
183
175
+54.8%
73
64
72
143
139
-14.3%
+14.3%
113 84
154
-31.4%
-14.7%
153
141
122 105
72
63
84 12
13
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 5
nnes Verg e
n Have New
ham Shor e
port Brid
m Walt ha
Addi son
ry lebu Midd
h burg Ferri s
n Willis to
burn e Shel
d Rich mon
Hine sbur g
Esse x
Colc hest er
lotte Char
ki Wino os
ngto n Burli
So. B ur
lingt on
0
Source: NEREN 2015-2016
LAKE SUNAPEE REPORT
Total Sales in Units increased in most towns with the following showing significant gains: - Newport +30.3%
- Sunapee +4.8%
- New London +15.0%
- Newbury +1.8%
- Grantham +25.7%
Average Sale Price increased in the following towns:
$
- Sunapee +19.3%
- Newbury +19.3%
- New London +6.3%
- Sutton +31.7%
Average Days on Market varied widely by individual town: -S unapee, Bradford, Wilmot, Warner and Newbury exhibited fewer days on market
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 6
TOTAL SALES IN UNITS Number of Sales
KEY
140
-25.7%
2016 Annual +15.0%
115
105
101
100
+30.3%
86
127
2015 Annual
+3.0%
70 66
69
+1.8%
67 +4.8%
44
35
42
-11.6% -3.8%
25
26
-20.0%
-13.3%
13
16
15
38
57
-13.2%
43 33
38
+0.0%
26
20
56
26
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 7
ry New bu
t Wilm o
Warn er
Sutt on
gfiel d Sprin
tham Gran
Gosh en
Brad ford
Ando ver
Lond on New
Suna pee
New port
0
Source: NEREN 2015-2016
LAKE SUNAPEE REPORT
AVERAGE SALE PRICE Average Sale Price +19.3%
600,000
KEY 2016 Annual 2015 Annual
+19.3%
+6.3%
450,000
-25.7%
-35.4%
300,000
-15.1%
+42.5%
+31.7%
-4.7%
+3.2%
-0.9%
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 8
389k
464k
New bury
359k
267k
t Wilm o
223k
230k
r Warn e
227k
299k
Sutt on
283k
241k
d Sprin gfiel
251k
239k
Gran tham
156k
155k
Gosh en
180k
257k
Brad ford
274k
177k
Ando ver
400k
425k
n Lond o New
481k
122k
574k
pee Suna
New port
0
123k
150,000
+1.1%
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market
KEY
+22.2%
200 -16.5%
170
+19.7%
150
2016 Annual
-14.3%
2015 Annual
175
+17.8%
152 142
150
139
127
118
177 -32.9%
158
+65.4%
-16.4%
177
176 153 139
134
100
-21.5%
+15.0%
193
148
146
+14.8% +54.4%
101 88
98
88
81
57
50
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 1 9
New bury
t Wilm o
Warn er
Sutt on
field Sprin g
tham Gran
en Gosh
Brad ford
Ando ver
n Lond o New
Suna pee
New
port
0
Source: NEREN 2015-2016
LAKE WINNIPESAUKEE REPORT
Total Sales in Units increased in all towns with a few noticeable gains: - Laconia +20.6%
- Center Harbor +52.6%
- Moultonborough +7.6% - Meredith +9.5%
Average Sale Price varied by town: - Decreased in Alton and Gilford
$
- I ncreased slightly in Meredith, Wolfeboro, Laconia and Moultonborough - I ncreased significantly in Center Harbor by 96.0%
Average Days on Market also varied by town: -W olfeboro, Moultonborough and Center Harbor increased -M eredith, Alton, Gilford and Laconia decreased
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 0
TOTAL SALES IN UNITS Number of Sales
KEY
500
2016 Annual
+20.6%
434
2015 Annual 375
360 +4.2%
250
247 +2.3% +9.5%
125
178
174
+7.6%
+6.4%
149
138
237
126
169 140
157
+52.6% 19
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 1
Harb Cent er
gh Mou ltonb
orou
nia Laco
Gilfo rd
Alton
oro Wolf eb
Mere dith
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
19
or
29
0
Source: NEREN 2015-2016
LAKE WINNIPESAUKEE REPORT
AVERAGE SALE PRICE Average Sale Price 600,000
KEY
+18.0%
2016 Annual -15.3%
+16.4%
+8.6% +112.0%
2015 Annual
450,000 -25.7%
300,000
+10.3%
227k
480k
481k
522k
216k
238k
349k
259k
490k
415k
460k
543k
4101k
477k
150,000
Mou lto
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 2
Cent er Ha rbor
nbor ough
nia Laco
rd Gilfo
Alton
Wolf ebor o
Mere dith
0
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market
KEY
+21.3%
180
2016 Annual
171 -25.6%
135
141
-15.4%
133
2015 Annual -16.4%
117 90
116
99
99
-9.1%
121
+0.0%
121
121
+0.8%
121
120
110
97
45
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 3
bor r Har Cent e
gh ltonb orou Mou
Laco nia
Gilfo rd
Alton
Wolf ebor o
Mere dith
0
Source: NEREN 2015-2016
NORTHEAST KINGDOM REPORT
Total Sales in Units were down slightly across the board:
- St. Johnsbury -10.4% - Lyndon -9.3%
Average Sale Price varied by town: - Greensboro +33.9%
$
- St. Johnsbury +21.9% - Lyndon +26.3%
Average Days on Market decreased for a majority of towns: -S t. Johnsbury, Burke and Lyndon Lyndon all decreased -G reensboro and Orleans 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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 4
TOTAL SALES IN UNITS Number of Sales
KEY
70
-10.4%
2016 Annual
67
2015 Annual
60
52.5 -9.3%
43 39
35 -19.2%
26 21
-35.7%
17.5
-50.0%
14
14
9
7
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 5
ur y ohns b St. J
s Orle an
Lynd on
Burk e
Gree
nsbo
ro
0
Source: NEREN 2015-2016
NORTHEAST KINGDOM REPORT
AVERAGE SALE PRICE Average Sale Price 240,000
-13.2%
KEY
+33.9%
2016 Annual 2015 Annual 180,000 +26.3% +21.9%
120,000 -22.0%
108k
131k
90k
70k
118k
148k
235k
204k
167k
224k
60,000
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 6
bury ohns St. J
s Orle an
Lynd on
Burk e
Gree
nsbo
ro
0
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market 280
KEY
+17.5%
2016 Annual
262
2015 Annual 223
210
-17.9%
+1.7% -3.7%
157
140
-9.8%
163
178
179
175
153
147
138
70
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 7
bury ohns St. J
s Orle an
n Lynd o
Burk e
Gree
nsbo
ro
0
Source: NEREN 2015-2016
SOUTHERN NEW HAMPSHIRE REPORT
Total Sales in Units increased in most towns with the following showing significant gains: - Londonderry increased +7.9% - M errimack increased +7.2% - Peterborough increased +12.3%
Average Sale Price was up across all towns: - Francestown +6.6%
$
- Londonderry +3.1% - Merrimack +3.0%
Average Days on Market varied widely by individual town: - Francestown increased significantly +32.0% - A mherst, Bedford, Peterborough, Londonderry, Chester and Merrimack all decreased
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 8
TOTAL SALES IN UNITS Number of Sales
KEY
600
+7.5%
+7.9%
2016 Annual
558
532
2015 Annual
519
493
450 -4.4%
+1.2%
-5.1%
296
312
247 +12.3%
20
20
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 2 9
k
ugh Pete rbor o
am Wind h
Bedf ord
erst Amh
98
imac
31
0
91
+55.0%
Merr
106
-7.1%
nder ry
119
Lond o
150
Ches ter
250
364
Fran cest own
300
348
Source: NEREN 2015-2016
SOUTHERN NEW HAMPSHIRE REPORT
AVERAGE SALE PRICE Average Sale Price 500,000
KEY
+6.6%
2016 Annual
+1.0%
2015 Annual 375,000
+0.3%
+2.9% +3.1%
+0.8%
250,000
+3.0%
+6.6%
241k
248k
330k
340k
287k
296k
231k
246k
225k
227k
441k
470k
424k
428k
344k
345k
125,000
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 0
k imac Merr
Ches ter
ry nder Lond o
Fran cest own
orou gh Pete rb
am Wind h
Bedf ord
Amh
erst
0
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market
KEY
200
+32.0%
2016 Annual
194
2015 Annual 150
147 -10.7%
100
+1.2% -8.7%
50
63
69
87
112 100
86
-6.2%
-3.9%
49
-13.0%
51 40
61
46
65
-9.8%
41
37
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 1
k imac Merr
Ches ter
ry nder Lond o
Fran cest own
roug h Pete rbo
am Wind h
rd Bedf o
Amh e
rst
0
Source: NEREN 2015-2016
SOUTHERN VERMONT REPORT
Total Sales in Units increased in most towns with the following showing significant gains: -D orset, Manchester, Marlboro, Dover, Ludlow, Londonderry, and Stratton exhibited substantial increases - Wilmington, Dover and Cavendish all decreased
Average Sale Price was up across a majority of towns: -D orset, Manchester Marlboro, Stratton, Plymouth,
$
Londonderry and Chester showed significant increase -D over, Wardsboro, Winhall, Ludlow and Cavendish showed modest decline
Average Days on Market varied widely by individual town: -D orset, Wilmington, Dover, Marlboro, Stratton, Plymouth, Cavendish and Peru exhibited decreases -M anchester, Londonderry, Winhall, Ludlow and Chester exhibited increases
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 2
TOTAL SALES IN UNITS
Number of Sales
KEY
-9.9%
180
2016 Annual
171
+17.3%
2015 Annual
154
149
135 127
-10.6% 104 93
44
+0.0%
35
-18.2%
26
21
19
5
19
18
22
26 25
+33.3% 16
Wea thers field
ndis h Cave
outh Plym
ow Ludl
ll Winh a
boro
44
+4.0%
5
Ward s
boro Marl
Dove r
Wilm ingto n
ches ter Man
Dors et
0
+25.7%
57
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 3
12
+0.0% 17
35
17
Ches ter
21 14
56
+62.9%
Peru
+180.0%
+0.0%
63
y
43
y
48
+69.2%
nder r
45
63
Lond o
+11.6%
+12.5%
Shre wsbu r
83
Stra tton
+31.7%
90
Source: NEREN 2015-2016
SOUTHERN VERMONT REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
700,000
+59.5%
2016 Annual 2015 Annual +22.9% +19.3%
-4.3%
-3.2% +34.2%
+15.1%
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 4
236k
241k
139k
+50.4%
Peru
195k
224k
Wea thers field
177k
170k
sh Cave ndi
175k
279k
uth Plym o
376k
354k
ow Ludl
402k
620k
Stra tton
363k
351k
Winh all
218k
293k
nder ry Lond o
163k
158k
boro Ward s
230k
261k
boro Marl
259k
250k
Dove r
268k
294k
Wilm in
gton
340k
405k
ches ter Man
379k
466k
Dors e
t
0
+2.1%
-4.3%
-3.5%
175,000
+23.2%
208k
+15.1%
Ches ter
+13.7%
195k
-3.5%
241k
+9.9%
y
350,000
Shre wsbu r
525,000
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET KEY
400
Average Days on Market -30.3%
2016 Annual
+14.8%
2015 Annual 300
-2.6% 261 268
+26.5%
-22.2%
-38.2%
277 261
-23.8% 219
200
214
259
+40.3% 310
253
-46.0% 289
-17.9%
264
251
245
320
304
+12.1%
235
221 203
163
-20.3%
349
+19.5% 300
+3.3%
379
223 199
193 160
255
+2.0%
+44.8% 210
200 196
156
145
100
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 5
Ches ter
Peru
y Shre wsbu r
rsfie ld Wea the
h Cave ndis
uth Plym o
Ludl ow
tton Stra
ll Winh a
ry nder Lond o
boro Ward s
boro Marl
Dove r
gton Wilm in
ches ter Man
Dors e
t
0
Source: NEREN 2015-2016
UPPER VALLEY REPORT Total Sales in Units varies by individual town: - H anover and Hartford increased significantly -L ebanon and Fairlee reflected substantial decrease
• Average Sale Price also varied by town: -H anover, Lyme, Lebanon, Weathersfield, Cornish,
$
Thetford and West Fairlee all exhibited increases -N orwich, Woodstock, Pomfret and Fairlee all exhibited decreases
• Average Days on Market also varied by town: -H anover, Norwich, Weathersfield, Plainfield, Cornish, Enfield, Hartford and West Fairlee all exhibited increases -L yme, Lebanon, Woodstock, Thetford, Pomfret, Barnard, Sharon and Fairlee all exhibited decreases
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 6
TOTAL SALES IN UNITS Number of Sales
KEY
300
2016 Annual 2015 Annual 225
+13.3% 230
-21.2%
203
198
150
156
+10.8%
80 78
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 37
+66.7% -25.0% 6 6
8 8
e
6 6
Fairl e
10
10
West Fairl ee
28 30
gewa ter
17
-6.7%
Brid
17
20 24
Shar on
11
rd
Pom fret
ford
13
Hart
18
11
-16.7%
+0.0%
Barn a
+18.2%
24 23
rd
23
Thet fo
31 30
+4.3%
+27.8%
d
Woo dsto ck
17
Leba non
Norw
ich
0
26 25
23
Lym e
27
+3.3%
Enfie l
+4.0%
-26.1%
Corn ish
63
Hano ver
+2.6%
-57.1%
Plain field
75
111 112
rsfie ld
102
Wea the
113
-0.9%
Source: NEREN 2015-2016
UPPER VALLEY REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
1,000,000
-35.4%
2016 Annual 2015 Annual 750,000 +2.7%
-12.8%
+30.2% +53.7%
500,000
-22.1% -31.6% -23.9%
320k
492k
278k
238k
296k
225k
352k
241k
418k
325k
927k
599k
218k
194k
238k
291k
206k
-14.1%
-11.0%
-3.5%
199k
+14.8%
212k
268k
241k
195k
284k
276k
231k
242k
438k
271k
554k
483k
579k
224k
+15.1%
250,000
595k
-10.0%
244k
-2.9% +4.8%
+22.3%
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 8
e Fairl e
lee West Fair
gewa ter Brid
Shar on
Barn ard
Pom fret
ford Hart
ford Thet
d Enfie l
h Corn is
eld Plain fi
rsfie ld Wea the
Woo dsto ck
on Leba n
Lym e
ch Norw i
Hano ver
0
Source: NEREN 2015-2016
AVERAGE DAYS ON MARKET Average Days on Market 400
KEY
-31.6%
2016 Annual 2015 Annual
-40.1%
300
380
-12.7% 322
299 281
+12.1% 223
200 -20.4%
183
179
142
+22.7% 81
127
113 95
69
66
+27.2%
+6.1% -15.9%
+277.6%
117
105 99
82
+38.0%
-40.4%
206
199
+33.7%
100
260
+148.2%
-22.9%
+6.3% 134
189
140
126
109
-56.5%
219
184 137
108
92
83
80 58
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 3 9
Fairl ee
lee West Fair
gewa ter Brid
Shar on
rd Barn a
Pom fret
ford Hart
ford Thet
d Enfie l
h Corn is
Plain field
Wea thers field
Woo dsto ck
Leba non
Lym e
ich Norw
Hano ver
0
Source: NEREN 2015-2016
LUXURY REPORT
$600k+ Vermont & New Hampshire
FSSIR is #1 in Total Units sold in Vermont & New Hampshire combined...nearly double our next closest competitor
FSSIR has the highest total sales at $298,528,000 MLS#4446245
$ Average Days on Market tends to be higher for luxury properties
MLS#4612544
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 0
TOTAL SALES IN UNITS KEY
280
FSSIR Competitor A Competitor B
277 210
Competitor C Competitor D
140 143
142
135
70
87
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 1
LUXURY REPORT
$600k+ Vermont & New Hampshire
TOTAL SALES IN $000 KEY
300m
FSSIR Competitor A Competitor B
298,528 225m
Competitor C Competitor D
150m 146,437
141,872 120,671
75m 71,401 0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 2
AVERAGE DAYS ON MARKET KEY FSSIR
190 184
Competitor A Competitor B
143
169
167
175
Competitor C Competitor D
95 94 48
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 3
LUXURY REPORT $600k+ Vermont
FSSIR is #1 in Vermont in Units and Dollars sold
MLS#4507640
FSSIR sold nearly twice as many properties as our next closest competitor
$ Average Days on Market increases the higher the price point
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 4
TOTAL SALES IN UNITS KEY
180
FSSIR Competitor A Competitor B
135
161
Competitor C Competitor D
90 87 45 41
31
29
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 5
LUXURY REPORT $600k+ Vermont
TOTAL SALES IN $000 KEY
160m
FSSIR Competitor A Competitor B
150,331 120m
Competitor C Competitor D
80m 71,401 40m 32,846
43,790
33,627
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 6
AVERAGE DAYS ON MARKET KEY FSSIR
300 295
Competitor A Competitor B
225 217
Competitor C Competitor D
277
150
75
175
106
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 47
LUXURY REPORT
$600k+ New Hampshire
FSSIR is #1 in New Hampshire for Total Dollar Volume Sold
MLS#4611062
FSSIR is has the highest Average Sale Price
$ Average Days on Market tend to be higher for luxury properties
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 8
MLS#4606291
TOTAL SALES IN UNITS KEY
150
FSSIR Competitor A Competitor B
143 113
141
135
116
Competitor C Competitor D
75 65 38
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 4 9
LUXURY REPORT
$600k+ New Hampshire
TOTAL SALES IN $000 KEY
150m
FSSIR Competitor A Competitor B
148,195 112.5m
146,437
141,872 119,881
Competitor C Competitor D
75m
37.5m
51,202
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 0
AVERAGE DAYS ON MARKET KEY FSSIR
170 169
167
Competitor A Competitor B
128
138
Competitor C Competitor D
85
94
97
43
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 1
LUXURY REPORT
$1 Million+ Vermont & New Hampshire MLS#4601444
FSSIR is #1 in Vermont & New Hampshire combined in dollar volume sold
FSSIR has sold more than twice as many properties as our next closest competitor
$ FSSIR has lower Average Days on Market than most of our competitors
MLS#4473093
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 2
TOTAL SALES IN UNITS KEY
100
FSSIR Competitor A Competitor B
94 75
Competitor C Competitor D
50 44 25
42 25
29
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 3
LUXURY REPORT
$1 Million+ Vermont & New Hampshire
TOTAL SALES IN $000 KEY
180m
FSSIR Competitor A Competitor B
135m
161,373
Competitor C Competitor D
90m 74,790
72,663
45m 42,912
34,645
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 4
AVERAGE DAYS ON MARKET KEY FSSIR
400
Competitor A Competitor B
300
323
Competitor C Competitor D
200
224 189
182
100 82 0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 5
LUXURY REPORT $1 Million+ Vermont
FSSIR is #1 in Total Units Sold
FSSIR sold as many properties as our next 3 closest competitors combined
$ FSSIR has one of the lower Average Days on Market
CHARLOTTE, VT
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 6
TOTAL SALES IN UNITS KEY
50
FSSIR Competitor A Competitor B
38
42
Competitor C Competitor D
25 21 13 9
8
8
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 57
LUXURY REPORT
Defined as $1 Million+ Vermont
TOTAL SALES IN $000 KEY
70m
FSSIR Competitor A Competitor B
52.5m
61,328
Competitor C Competitor D
35m 35,907 17.5m
18,879
16,490
14,512
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 8
AVERAGE DAYS ON MARKET KEY FSSIR
400
Competitor A Competitor B
366 300 282
Competitor C
200
309
209
100 C4
Competitor D
381
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 5 9
LUXURY REPORT
$1 Million+ New Hampshire
FSSIR ranked #1 in Total Units Sold
MLS#4457850
FSSIR ranked #1 in Total Sales at $100,004,000
$ FSSIR has one of the lower Average Days on Market
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 6 0
TOTAL SALES IN UNITS KEY
50
FSSIR Competitor A Competitor B
38
44
Competitor C Competitor D
52 42
25 24 13
21
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 6 1
LUXURY REPORT
Defined as $1 Million+ New Hampshire
TOTAL SALES IN $000 KEY
110m
FSSIR Competitor A Competitor B
100,004 82.5m 74,790
Competitor C Competitor D
72,663
55m
27.5m
59,558
34,645
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 6 2
AVERAGE DAYS ON MARKET KEY FSSIR
240 224
Competitor A Competitor B
180
182
Competitor C Competitor D
120
60
119
112 82
0
Source: Trendgraphix Data 1/1/16-12/31/16
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 | 2 0 1 6 A N N U A L M A R K E T R E P O R T | 6 3
VERMONT & NEW HAMPSHIRE OFFICE LOCATIONS
NORTH EAST KINGDOM
CHAMPLAIN VALLEY REGION
GREAT NORTH WOODS REGION
South Burlington 802.864.0541
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
WHITE MOUNTAIN REGION
Meredith 603.677.7012
Hanover - Main St. 603.643.6400 Hanover - Lebanon St. 603.643.6070 West Lebanon 603.298.5155
UPPER VALLEY REGION
Wolfeboro 603.941.1000
LAKES REGION
Okemo 802.228.4537 Manchester 802.362.4551
Mount Snow 802.464.1200
Bromley 802.824.3113 SOUTHERN VERMONT REGION
New London 603.526.4050
LAKE SUNAPEE REGION
Stratton 802.297.1100
MERRIMACK VALLEY REGION MONADNOCK REGION
SEACOAST REGION
Bedford 603.413.7600