2015 REAL ESTATE MARKET REPORT
&
VERMONT NEW HAMPSHIRE
Contents Lake Sunapee: Merrimack County Sullivan County
4
Lakes Region: Belknap County Carroll County
5
Southern NH: Hillsborough County Rockingham County
6
The Upper Valley: Grafton County Orange County Windsor County
7
Southern Vermont: Bennington County Windham County
8
Central Vermont: Rutland County Washington County
9
Champlain Valley: Chittenden County Addison County Lamoille County
10
Franklin & Grand Isle: Franklin County Grand Isle County
11
The North East Kingdom: Caledonia County Orleans County
12
Knowledge is power. We are proud to share with you our Vermont and New Hampshire Quarterly Market Report. Our focus in 2015 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 our success. In this report you will find year over year market trends comparing the last six months with the same time period last year in order to help you identify where the market is heading. Please don’t hesitate to contact one of our associates for more detailed information on the town (or towns) you intend to sell or purchase in this year. We hope you find this, our first Quarterly Market Report of 2015, helpful as you evaluate your real estate options this year. 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 in 2015. The Associates of FourSeasons Sotheby’s International Realty®
3 | FourSeasonsSIR.com
Lake Sunapee The Lake Sunapee Region of New Hampshire is a popular year-round recreation and resort area anchored by the town of New London. New London is a classic New England village featuring a variety of retail shops, fine dining and lodging. Main Street is graced by the Village Green, the New London Inn, and the tree lined campus of Colby-Sawyer College. The town offers a number of seasonal cultural events including summer entertainment at the New London Barn Playhouse. As a result of these scenic lakes, generations of families have been summering here for over a hundred years. The Lake Sunapee Yacht Club is host to 23 Starboats, one of the largest inland fleets of the Olympic-class vessel. The town of Sunapee is best known for its Harbor, a hub for summer life on Lake Sunapee with events happening nearly every weekend throughout the summer. The Mount Sunapee Ski Resort is located close by. While it is best known for its skiing and snowboarding, the park also offers front-country camping, hiking, and swimming on the beach on Lake Sunapee.
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
Sullivan County, NH Merrimack County, NH
10/01/2014 to 03/31/2015
10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
Inventory in Units
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
219
199
-9.10%
180
190
6.00%
522
542
3.80%
777
813
4.60%
203
218
7.70%
1,025
892
-13.00%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
Sullivan County, NH Merrimack County, NH
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10/01/2014 to 03/31/2015
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
228
243
6.60%
180
221
22.90%
15
17
16.80%
827
860
4.00%
208
213
2.50%
9
8
-11.80%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
Lakes Region Whether you are looking for a waterfront home on Lake Winnipesaukee or a vacation home in the nation’s oldest resort town, Wolfeboro, or a quiet retreat in the country, the Lakes Region of New Hampshire has it all. Lake Winnipesaukee, Winnisquam Lake, Squam Lake, and Newfound Lake are just a few of the 273 lakes and ponds in the New Hampshire Lakes Region. Destinations such as Funspot in Weirs Beach, the Children’s Museum of Center Harbor, Gunstock Ski Resort and Bank of New Hampshire Pavilion in Gilford and Castle in the Clouds in Moultonborough are not to be missed! Annual events such as Bike Week in Laconia and racing at Loudon’s New Hampshire Motor Speedway offer alternatives to a day on the water. From summer fun on the lake to action-packed winter sports, and springtime maple sugaring to spectacular fall foliage, the New Hampshire Lakes region is a destination for all seasons. .
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
Carroll County, NH Belknap County, NH
10/01/2014 to 03/31/2015
% Change
10/01/2014 to 03/31/2015
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
503.0
559
11.10%
250
243
-2.80%
982
946
-3.70%
476
481
1.10%
239
235
-1.60%
929
868
-6.60%
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
Carroll County, NH Belknap County, NH
10/01/2013 to 03/31/2014
Inventory in Units
10/01/2014 to 03/31/2015
% Change
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
506
560
10.70%
293
249
-15.00%
13
12
-9.30%
480
484
0.80%
236
266
12.50%
12
12
-4.10%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
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Southern New Hampshire The Merrimack Valley is defined by the large Merrimack River that runs through it. This bi-state region is shared with Massachusetts and is the most populated and fastest growing region of New Hampshire. The area is home to the state’s largest cities, including Salem, Nashua, Manchester and Concord, where residents enjoy the cultural, educational, and industrial benefits of city life.
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
Hillsborough County, NH Rockingham County, NH
10/01/2014 to 03/31/2015
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Inventory in Units 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
1,917.0
1,958
2.10%
225
239
6.30%
1,760
1,440
-18.20%
1,972
2,035
3.20%
284
294
3.70%
1,697
1,472
-6.60%
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
Hillsborough County, NH Rockingham County, NH
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10/01/2014 to 03/31/2015
% Change
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
2,077
2,209
6.40%
230
246
7.00%
6
5
-14.00%
2,053
2,314
12.70%
292
313
7.20%
5
5
-3.80%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
The Upper Valley The Upper Valley Region spans across the Connecticut River and covers central New Hampshire and Vermont. Hanover, home to Dartmouth College, is in the heart of the region. The dynamic college town compliments the natural beauty and outdoor lifestyle of the area wonderfully. In addition to Hanover, there are many historic towns throughout the region, including Cornish, Plainfield, Lyme, Thetford, Fairlee and Orford. There are exciting small cities like Lebanon, home to the AVA Gallery and the Lebanon Opera House, as well as White River Junction, home to the Center for Cartoon Studies and the Tip Top Building, which houses artists, creative businesses and a cafĂŠ. Lake Morey and Lake Fairlee offer summer resort living.
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Inventory in Units 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
Grafton County, NH Orange County, VT
558.0
555
-0.50%
211
200
-5.20%
1,254
1,151
-8.20%
91
93
2.20%
179
182
1.30%
270
265
-1.90%
Windsor County, VT
349
363
4.00%
274
248
-9.50%
1,341
1,308
-2.50%
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
Grafton County, NH Orange County, VT
582
Windsor County, VT
10/01/2014 to 03/31/2015
% Change
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
636
9.30%
235
231
89
88
-1.10%
189
350
377
7.70%
304
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
-1.70%
14
13
-5.70%
190
0.80%
19
18
-1.60%
295
-2.80%
24
23
-5.10%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
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Southern Vermont Best known as a winter recreation destination, home to Stratton Mountain Resort, Mount Snow Resort, Okemo Mountain and Bromley Mountain, Southern Vermont a short journey from the Northeast’s major metropolitan areas but feels like it’s a world away. Charming towns, such as Manchester, are woven together by quaint, country roads dotted with historic villages and Vermont landmarks such as the Vermont Country Store in Weston and vistas of the Green Mountains. Less than four hours from the urban centers of New York, Montreal and Connecticut and less than three from Boston, the Southern Vermont area offers peaceful historic small town living, world-class skiing and unequalled second-home convenience. The Rutland, Albany, Hartford/Springfield, and Manchester airports are each within a one or two-hour drive. Amtrak stops in Albany, Brattleboro, Rutland and Windsor add to Southern Vermont’s ease of travel. With so much so close, there is no other region in New England that makes the second-home dream so easy.
Closed Sales in Units 10/01/2013 to 03/31/2014
Bennington County, VT Windham County, VT
10/01/2014 to 03/31/2015
% Change
Average Closed $,000 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Inventory in Units 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
186
228
22.60%
270
254
-5.60%
654
638
-2.40%
280
331
18.20%
216
228
5.40%
910
853
-6.30%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
Bennington County, VT Windham County, VT
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10/01/2014 to 03/31/2015
% Change
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
186
212
14.00%
272
238
-12.70%
23
19
-17.80%
325
370
13.80%
244
252
3.00%
21
17
-18.70%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
Central Vermont Best known as the home of Ben & Jerry’s Ice Cream and the historic Vermont State House, Central Vermont offers a variety of historic and natural wonders. The small towns that scatter the region are filled with local shops, artists and the farm-to-table dining that Vermont is famous for.
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
Rutland County, VT Washington County, VT
10/01/2014 to 03/31/2015
% Change
10/01/2014 to 03/31/2015
10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
263
288
9.50%
170
156
-8.40%
915
863
-5.70%
223
254
13.90%
204
212
3.90%
601
603
0.30%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
Rutland County, VT Washington County, VT
10/01/2013 to 03/31/2014
Inventory in Units
10/01/2014 to 03/31/2015
% Change
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
252
315
25.00%
166
177
6.30%
22
19
-11.40%
241
266
10.40%
217
228
5.00%
17
15
-9.60%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
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The Champlain Valley The Champlain Valley is comprised of the counties of Franklin, Chittenden and Addison, all bordering Lake Champlain. From summer on the islands of Lake Champlain to skiing Stowe and the Mad River Valley, the Champlain Valley is an ideal destination for all seasons.
Burlington offers a vibrant community with a walkable downtown and Vermont’s best in arts and culture. Burlington is home to Lake Champlain Chocolates, the Burlington Farmers Market and numerous farm-to-table restaurants. The culmination of the lakes, mountains, and city make the Champlain Valley a great place to live, work and visit.
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Inventory in Units 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
Chittenden County, VT Addison County, VT
621.0
711
14.50%
290
292
0.60%
710
685
-3.50%
119
162
36.10%
248
228
-7.90%
353
287
-18.70%
Lamoille County, VT
147
147
0.00%
302
370
22.40%
469
449
-4.30%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
Chittenden County, VT Addison County, VT
714
779
9.10%
294
297
1.20%
7
7
-7.10%
112
141
25.90%
267
256
-4.20%
18
12
-36.50%
Lamoille County, VT
167
159
-4.80%
331
347
4.70%
21
20
-4.30%
10| FourSeasonsSIR.com
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
Franklin & Grand Isle Located in the Northwest corner of Vermont, the counties of Franklin and Grand Isle are boarded by Lake Champlain to the west, Canada to the North, and the Northeast Kingdom to the East. What began as the backdrop for many pre-revolutionary events has evolved into a vibrant rural holiday destination. The counties host not only the Vermont Maple Festival and LCI Fishing Tournament but the superb four seasons Jay Peak Resort as well. Avid Cyclist, kayakers, skiers and other outdoor enthusiasts will find this a fantastic region in which to live and work.
Closed Sales in Units 10/01/2013 10/01/2014 to to 03/31/2014 03/31/2015
Franklin County, VT Grand Isle County, VT
% Change
10/01/2014 to 03/31/2015
Inventory in Units
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
223
194
-13.00%
190
175
-7.50%
484
388
-19.80%
43
38
-11.60%
254
245
-3.40%
137
143
4.40%
Pending in Units (Listing sales) 10/01/2013 10/01/2014 to to 03/31/2014 03/31/2015
Franklin County, VT Grand Isle County, VT
Average Closed $,000 10/01/2013 to 03/31/2014
% Change
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
233
227
-2.60%
197
194
-1.40%
13
13
-0.80%
44
38
-13.60%
296
210
-29.10%
21
25
17.30%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
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The Northeast Kingdom Known for its breathtaking landscapes and unspoiled natural beauty, the Northeast Kingdom is nestled between the spectacular Green Mountains and scenic Connecticut River. Enjoy the beautiful surroundings by skiing Burke Mountain, mountain biking on the world-class Kingdom Trails, or joining the “leaf peepers� and simply enjoying the fall foliage. Whether you are looking for a quintessential village home in one of the many historic towns or a secluded country estate, the Northeast Kingdom is your ideal destination.
Average Closed $,000
Closed Sales in Units 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Inventory in Units 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
Caledonia County, VT Orleans County, VT
109.0
110
0.90%
176
148
-16.20%
332
353
6.30%
124
128
3.20%
159
154
-3.00%
435
451
3.70%
Essex County, VT
39
41
5.10%
108
112
4.00%
133
119
-10.50%
Pending in Units (Listing sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
% Change
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
Avg. Pending $,000 (Listing Sales) 10/01/2013 to 03/31/2014
10/01/2014 to 03/31/2015
Months of Inventory (Closed Sales) 10/01/2013 to 03/31/2014
% Change
10/01/2014 to 03/31/2015
% Change
Caledonia County, VT Orleans County, VT
109
120
10.10%
190
160
-15.90%
19
21
130
145
11.50%
164
177
7.80%
22
23
4.60%
Essex County, VT
32
29
-9.40%
126
119
-5.90%
21
19
-10.80%
12 | FourSeasonsSIR.com
10.80%
Based on information from the Northern New England Real Estate Network, Inc. for the period 10/01/2013 through 03/31/2015.
For a more detailed market report for a specific area of your interest, contact one of our Real Estate Associate. fourseasonssir.com/findanagent
Lake Sunapee New London:
Southern Vermont 603.526.4050
Lakes Region Meredith:
Upper Valley Fairlee: Hanover:
Randolph: West Lebanon:
603.677.7012
802.333.4701 603.643.6070 603.298.7019 802.565.8136 603.298.5155
Mount Snow: Stratton: Manchester Center: Manchester Village: Okemo: Londonderry:
Central Vermont Rutland: Norwich:
802.464.4608 802.297.1100 802.362.5040 802.362.4551 802.228.4537 802.824.3113
Champlain Valley Middlebury: Stowe: Vergennes: South Burlington:
Grand Isle St. Albans:
802.388.1000 802.253.7267 802.877.3232 802.864.0541
802.524.6763
Northeast Kingdom 802.774.7007 802.649.3830
FourSeasonsSIR.com Each Office is Independently Owned and Operated.
Lyndonville: St. Johnsbury:
802.626.8441 802.751.7582