THE LAKES 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#4693775 | GILMANTON
MARKET OVERVIEW
Q1 — Q3 2018
KNOWLEDGE IS POWER We are proud to share our Q1 - Q3 2018 Market Report for the Lakes Region of New Hampshire 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. Overall, the real estate market picked up during the key Q3 2018 Summer selling season. Less available inventory has caused a decrease in unit sales and overall volume in many towns and continues to be a major challenge. Specifically, Belknap County closed sales in units decreased -3.4%, however, total sales volume increased +9.1% and the Median Sale Price increased +11.9%, while the Average Days on Market decreased -18.1%. For Carroll County, total closed sales in units decreased -8.2%, with total sales volume decreasing by -0.6%, while the Median Sales Price increased by +8.3% and Average Days on Market decreased by -15.8%. Now is a great time to sell if you are considering listing your home! 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 and into the First Half of 2019 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 offices spread throughout Vermont and New Hampshire and is widely regarded as one of the leaders in the Lakes Region real estate market. Our agents are engrained in the communities we serve and are 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 Lakes Region of New Hampshire. Alan DiStasio - Partner and Chief Operating Officer Cover Property: MLS# 4724404 | Gilford 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
ALTON NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
122
131
7%
$327,364
$363,068
11%
121
104
14%
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 Sold
80
Pended
74 68 64
64
60
63
59 51
59
51
48 39 32
32
32
22 19
16
19
18
14 11 8 9
0 7/17
19
8/17
5
9/17
9
5
10/17
5
7
11/17
12
10 4
12/17
5
7
1/18
10
2/18
19
3/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
12
4/18
22
5/18
23
6/18
CENTER HARBOR NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
17
12
29%
$365,058
$591,041
62%
143
91
26%
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)
8
8
For Sale Sold
8
Pended 7
6.4
7
7
7
6
6
5
5
4.8 4
3.2
4
4
3
3
2
2
2
1.6 1 4
0 7/17
0
8/17
2
1 2
9/17
1 0
10/17
1 0
11/17
1
12/17
2
1/18
2
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
0
3/18
3
1
4/18
0
5/18
3
6/18
GILFORD NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
236
197
17%
$204,000
$339,039
65%
124
146
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)
For Sale Sold
120
Pended 111 104
102
98
95
96
92
88
87 82 71
70
72
63
48
26
24
27
7/17
15
8/17
7
9/17
16
11
10/17
6
11/17
17
12/17
20
1/18
26
20
18
16
14
11
0
26
23
21
2/18
20
17
16
3/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
24
4/18
29
5/18
17
6/18
GILMANTON NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
97
72
26%
$183,615
$187,200
2%
99
136
37%
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 Sold
50
Pended
41
40 34 32
30
31
28 26 24
24 21
20
20
20
15 14 12
10 8
7
6
0 7/17
8
8/17
6
5
4 10
8
1 5
9/17
3
10/17
2 3
11/17
6
12/17
4
1/18
5
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
3
13
3/18
9
4/18
6
6
5/18
6/18
LACONIA NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
380
375
1%
$245,641
$238,141
3%
107
77
28%
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 Sold
180
174
Pended 158
144
145
158 146
143 132
128 119
117 105
108 94
72 52
36 29
51
7/17
32
8/17
23
9/17
39
38
39
23
20
19
0
38
35
49
45
18
10/17
18
11/17
27
12/17
45
1/18
40
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
42
3/18
48
4/18
53
5/18
38
6/18
MEREDITH NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
125
129
3%
$397,955
$413,134
4%
105
77
27%
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 79
Sold
80
Pended
79
74 69
67
64 58 52
52
48 41
41 38
36
32
21
19
16
19
18
15 10 5
0 7/17
24
9 5
8/17
4
9/17
8
8 5
10/17
8 5
11/17
7 11
12/17
8
1/18
9
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
15
3/18
17
4/18
24
5/18
11
6/18
MOULTONBOROUGH NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
166
133
20%
$597,021
$609,876
20%
145
109
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 Sold
90
Pended 82
81
82
82
75 71
72 63
61 55
54
63
54 46
36 26
10 20
7/17
9 19
8/17
4
9/17
21
22
16
14
0
22
21
18
16
8 6
10/17
3
11/17
4
7
12/17
6
1/18
183
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
15
3/18
17
19
17
4/18
5/18
6/18
WOLFEBORO NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
162
143
12%
$335,368
$396,901
18%
123
152
24%
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 Sold
110
Pended 101 96 91
88
87
84
70
68
66
64
62
59 49
44
41
22
21
21
16 9 18
0 7/17
4 8
8/17
5
6
9/17
7
16
14
13
11
10 5
8
8
18
22
16
10
10/17
11/17
12/17
1/18
2/18
3/18
4/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
12
5/18
12
6/18
LAKES REGION (TOWNS COMBINED)
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
1305
1192
9%
$315,224
$348,482
11%
118
108
9%
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 Sold
700
Pended 619
615
596
591
560
577
536
528 452
443
420 373
395
372
280
140
118
104
163
7/17
142
154
142
47 108
8/17
132
98
75
66
0
146
131
90
9/17
53
10/17
50
11/17
82
12/17
110
1/18
127
2/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
139
3/18
138
4/18
165
5/18
127
6/18
MLS#4696176
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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