LAKE SUNAPEE REGION
MARKET REPORT Q1 — Q3 2018
PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Whether your property is valued at $200,000 or $2,000,000, it has a story all its own. It’s written in the details, big and small, that make a house into a home... or a piece of land into a dream. A remembrance of things past... a celebration of things to come. Telling these treasured tales is our specialty. We start by uncovering and bringing to life all the things that make a property exceptional. By combining outstanding photography and attention-getting narrative details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways that truly resonate with prospective buyers. It is with pleasure that we use our considerable experience and resources to artfully unite special places with those who will cherish them.
MLS#4717854 Grantham, NH
MARKET OVERVIEW
Q1 — Q3 2018
KNOWLEDGE IS POWER We are proud to share our Q1 - Q3 2018 Market Report for the Lake Sunapee Region real estate market. In this report you will find year over year market trends by Town in order to provide you with the most updated information so that you can make the most informed decisions as you evaluate your real estate options. The real estate market picked up significantly in the Lake Sunapee Region during the peak Q3 2018 Summer sales period. Overall, the combined Lake Sunapee Region was relatively flat for the Q1 - Q3 2018 time period versus the same time period year ago with Properties Sold up a modest 2%, the Average Sale Price up +1% and Average Days on Market down 5%. However, this varied significantly by individual town with the Average Sale Price increasing in Andover, Goshen, New London, Newbury, Sunapee, Warner and Wilmot while Bradford, Grantham, Springfield and Sutton all exhibited decreases. The lack of inventory will continue to be a major driving factor in the lower and mid-range segments. However, the economy is strong with low unemployment and wages have begun to show some improvement. We are cautiously optimistic that the current trends will continue throughout the remainder of 2018 even in the face of likely higher mortgage rates and the new federal tax legislation’s impact on the market. Four Seasons Sotheby’s International Realty has 19 offices spread throughout Vermont and New Hampshire and is widely regarded as one of the leaders in the Lake Sunapee region real estate market with over 20 experienced Agents in our New London office ready and eager to serve all of your real estate needs. We are committed to providing the highest level of service and expertise to Buyers and Sellers alike. It would be our privilege to serve you for all of your real estate needs in the Lake Sunapee region. Alan DiStasio - Partner and Chief Operating Officer Cover Property: MLS#4700969 - Nebury, NH Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
ANDOVER NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
29
29
0%
$197,726
$232,422
18%
120
100
17%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
For Sale
20
19
Sold
18
Pended
17
17
17
16
12
12
11
11
10
10
8
7
7
4
4
4 3
3
2
0
0
4
10/17
1
2
11/17
1
2
12/17
0
0
1/18
2
0
3
3
2/18
3/18
4/18
0
1
4
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
2
3
4
2
6/18
7/18
8/18
9/18
BRADFORD NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
26
43
65%
$197,113
$193,802
2%
219
165
25%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
For Sale
30
29
Sold Pended
27
24
27
23
23
19
19
24
23
19
18 16 14
12
6
5 3
2
0
4
2
1
10/17
11/17
2 4
12/17
4
1 1
1/18
2/18
4 2
3/18
6
5
3
4/18
5
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
5
3
6/18
5
7/18
1 1
1 1
8/18
9/18
GOSHEN NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
6
13
117%
$76,010
$179,000
135%
116
95
18%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
10
10
For Sale
10
Sold Pended
9 8
8
8
8
8
8
8
7 6
6
4
4 3
2
2
2
2
2
2
1
0
1
1
2
10/17
11/17
0
1
12/17
1
1/18
0
1
2/18
2
3/18
1
4/18
1 2
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
1 1
6/18
0
7/18
1
8/18
3
9/18
GRANTHAM NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
92
112
22%
$255,380
$243,812
4%
92
112
22%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
80
For Sale
80
Sold
74
Pended
71 68
68 63
64 59
58 51
63
60
50
48
32
18
16 10
0
18 15
8 7
10/17
3 5
11/17
10
8
15
14
13
8
11
5
8
6
11
12
17
10
20
18
12/17
1/18
2/18
3/18
4/18
5/18
6/18
7/18
8/18
9/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
NEW LONDON NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
85
86
1%
$440,548
$443,821
1%
122
146
20%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
For Sale
60
Sold
56
Pended 49
47
48
44
46
44
41
46
44
41 37
36
36
24
12
11 7
0
13
11
6
10/17
7 10
11/17
3
12/17
4
1/18
3
2/18
8
7
6
4 6
12
11
7
3/18
11
4/18
4
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
7
6/18
15
7/18
11
8/18
11
9/18
NEWBURY NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
62
46
26%
$317,293
$348,965
10%
179
121
32%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
For Sale
40
Sold Pended
35
32
30
31
30
31 29 25
24
23 21 18 16
16
8
14
7
7
5
10/17
1 9
11/17
5
4
3
0
7
4
12/17
2
0
1/18
3
2/18
5
3/18
2
4
4/18
6
5
4 6
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
2
6/18
6
7/18
5
8/18
3
9/18
SPRINGFIELD NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
27
24
11%
$234,853
$209,541
11%
111
123
11%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
20
For Sale
19
Sold Pended
16
16 15 14 13
12
14
14
13
11 10 9
8
7 6 5
4
0
4
0
3
7/17
1
3
8/17
1
3
9/17
1
1
10/17
0
0
11/17
4
1
1
12/17
1/18
0
1
0
1
0
2
2/18
3/18
4/18
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
1
1
6/18
SUNAPEE NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
75
60
20%
$421,958
$514,846
22%
146
99
32%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
50
For Sale
47
Sold
45
Pended
40
41
40 38
30
28
38
27
26 22
20
20
19
13
10
9 6
10
9
8 6
6
6
4
0
9
9
2 7
7/17
8/17
9/17
2
10/17
1 2
11/17
3
12/17
4
10
1/18
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
5
3/18
6
4/18
8
5/18
9
6/18
SUTTON NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
47
36
23%
$264,868
$233,230
12%
123
125
2%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
40
For Sale Sold Pended
32
31 27 25
24
24
22 20
20
16 13
12
13 10
9
8
8 5
0
4 9
10/17
4 6
11/17
4 3
12/17
2
3
1/18
3 2
2/18
4
3 5
3/18
1
4/18
4
3 2
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
5
6/18
4 3
7/18
3
8/18
7
9/18
WARNER NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
33
40
9%
$231,568
$227,100
2%
172
67
61%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
20
20
For Sale Sold Pended
16
17
15 14
14
12
12
9
9
8
8
6
5
4
4
4 3
3
4
4
4
4
4
3
3 2
0
3
10/17
2
11/17
1
3
12/17
3
1/18
2
2/18
4
3/18
1
4/18
5
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
5
6/18
0
7/18
9
8/18
4
9/18
WILMOT NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
18
20
11%
$229,111
$312,635
36%
174
166
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
5%
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
For Sale
18
Sold
18
Pended 16
16 15
14.4
15
14
15
14 13
13 12 11
10.8
7.2
3.6
4
4 2
0
4
10/17
1
4
11/17
0
3
12/17
2
2
0
0
0
1/18
2/18
3/18
0
4
0
0
4/18
1
0
5/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
2 1
6/18
0
7/18
3
8/18
5
9/18
LAKE SUNAPEE AREA COMBINED Andover, Bradford, Goshen, Grantham, New London, Newbury, Springfirld, Sunapee, Sutton, Warner, Wilmot
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
500
509
2%
$308,262
$311,555
1%
174
166
5%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)
For Sale
400
Sold Pended 325
314
320
312
305
293
300
276 232
240
225 199
207
198
160
80 53 33
0
51
50
10/17
11/17
45
12/17
44
37
29
26
56
73
62
54
64
60
23
22
38
42
52
49
52
76
68
1/18
2/18
3/18
4/18
5/18
6/18
7/18
8/18
9/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
MLS#4714671 SUNAPEE, NH
SOUTHERN VERMONT
CHAMPLAIN VALLEY
LAKE WINNIPESAUKEE REGION
Mount Snow: 802.464.1200 Stratton: 802.297.1100 Manchester: 802.362.4551 Okemo: 802.228.4537 Bromley: 802.824.3113
Middlebury: 802.388.1000 Vergennes: 802.877.3232 South Burlington: 802.864.0541
Meredith: 603.677.7012 Wolfeboro: 603.941.1000
CENTRAL VERMONT Rutland: 802.774.7007 Stowe: 802.253.7267 Randolph: 802.565.8136
NORTHEAST KINGDOM St. Johnsbury: 802.751.7582
LAKE SUNAPEE REGION New London: 603.526.4050
UPPER VALLEY Fairlee: 802.333.4701 Hanover: 6 03.643.6070 603.643.6400
SOUTHERN NEW HAMPSHIRE Bedford: 603.413.7600
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