LAKE SUNAPEE REGION
MARKET REPORT Q1 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#4662716 Wilmot, NH
MARKET OVERVIEW
Q1 2018
KNOWLEDGE IS POWER We are proud to share our Q1 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. Overall, the real estate market is off to a relatively good start in Q1 2018 in the Lake Sunapee Region. Specifically, Merrimack County closed sales in units decreased -6.5%, however, total sales volume increased by +5.8% and the Median Sale Price increased +9.6%. For Sullivan County, total closed sales in units was flat, however, total sales volume was up +10.4% and the Median Sales Price increased by +3.7%. 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 Spring and Summer 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 20 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. Doug Peel - Regional Manager Cover Property: MLS#4681561 Sunapee, NH Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 1/01/2018 - 3/31/2018
ANDOVER NEW HAMPSHIRE
2017
2018
% CHANGE
11
7
36%
$182,818
$438,876
140%
144
132
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
8%
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
16 15
Sold
15
Pended
14 13
12.8
11
11
10
11
10
10
9.6
7
6.4
6
7
6 5
3.2
3
3
3
3
1
1 5
0 4/17
1
5/17
5
6/17
0
7/17
7
8/17
4
9/17
0
4
10/17
1 2
11/17
2
12/17
0
0
1/18
0
3
2/18
3/18
BRADFORD NEW HAMPSHIRE
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
2017
2018
% CHANGE
11
16
46%
$119,172
$166,109
39%
155
320
107%
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
30
Sold 27
26
Pended
25
24
23 20
20
19
19
18 16
15
14
14
12
6
5
4
3 3
0 4/17
2 4
5/17
5
6/17
2
7/17
6
5
1 2
8/17
2
3
2 2
9/17
2
2
1
4
10/17
11/17
12/17
4
1/18
1 1
2
2/18
3/18
GOSHEN NEW HAMPSHIRE
2017
2018
% CHANGE
2
5
150%
$135,282
$195,200
44%
248
70
72%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
14
14
For Sale Sold
13
Pended
12 11
11.2
11 10
10 9
8.4
8
8
7 6
5.6
3
2.8 2 1
0
0
4/17
1
2
1 1
5/17
2
0
6/17
0
0
7/17
0
1 0
8/17
0
9/17
1
10/17
2
11/17
0
1
12/17
1
1/18
1
2
2/18
3/18
0
GRANTHAM NEW HAMPSHIRE
2017
2018
% CHANGE
18
20
11%
$204,368
$248,028
21%
228
209
9%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
100
For Sale
98
95
94
Sold
91
Pended
87
84
80
80
68 59
60
58 51
50
40
22
20 12
12 7
0 4/17
5
5/17
8 8
19
6/17
9
7/17
10
8 15
8/17
14
9/17
8 7
10/17
3 5
11/17
10
8 11
12/17
5
1/18
10 8
2/18
6
3/18
NEW LONDON NEW HAMPSHIRE
2017
2018
% CHANGE
19
18
5%
$294,833
$494,894
68%
163
149
9%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
70
For Sale
66
Sold Pended
60
58
57
56
56
54
47 44 41
42
37
36
35
28
14
12
11
9
11
10
11 7
6 5
0 4/17
16
5/17
9
6/17
10
7/17
13
8/17
8
9/17
6
10/17
7 10
11/17
3
6
12/17
4
4
1/18
7 3
7
2/18
3/18
NEWBURY NEW HAMPSHIRE
2017
2018
% CHANGE
18
19
6%
$304,158
$284,815
6%
346
214
38%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
50
50
For Sale
48
Sold Pended
41
40
38 33
33 30
30
30
23
20
18 16 14
10
10 8
7
8
7
7
4
0
2 4
4/17
7
5/17
5
6/17
6
7/17
10
8/17
8
9/17
5
1 9
10/17
11/17
3
4 4
12/17
2 0
1/18
3
5
2/18
3/18
SPRINGFIELD NEW HAMPSHIRE
2017
2018
% CHANGE
35
26
26%
$117,527
$140,380
19%
211
217
3%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
18
18
Sold 16
Pended
16
15
14.4
15
14
14 13
12 11
10.8
10
7
7.2
3.6
4
4 3 2 3
0 4/17
1
5/17
2 4
6/17
3
7/17
3
8/17
0
9/17
3
0
1
10/17
1
11/17
0
1
1
12/17
1
1/18
1
0
0
2/18
1
1
3/18
SUNAPEE NEW HAMPSHIRE
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
2017
2018
% CHANGE
19
13
32%
$215,294
$284,461
32%
257
180
30%
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
60 55
Sold
55
Pended
51
50
48 44
42
40
36 28
26
24
22
20
19 14
12
11
9
7 7
0 4/17
2
5/17
12
6/17
8
7/17
9
8
7 7
8/17
7
6 12
9/17
9
9
2 7
10/17
11/17
12/17
4 2
1/18
1 2
3
2/18
3/18
SUTTON NEW HAMPSHIRE
2017
2018
% CHANGE
9
16
78%
$294,000
$160,025
46%
152
193
27%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
40
Sold Pended
34
32
32
31
30
27 25
24 20 17
16 13
12 11
8
8
7
6
5
5
4
3 1
0 4/17
4
5/17
10
9
7
6/17
5
7/17
12
8/17
7
9/17
9
10/17
4 6
11/17
4 3
12/17
2
3
1/18
3 2
2/18
5
3/18
WARNER NEW HAMPSHIRE
2017
2018
% CHANGE
3
11
4%
$176,148
$249,090
41%
89
65
27%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
18
17
17
Sold Pended
15
15
14.4
14 12
10.8
10
10 9 8
8
7.2 6
5
4
3.6
3
5
0 4/17
3
4
5/17
7
6/17
4
4
4
7/17
3
3
8/17
3
3
9/17
3
3
10/17
3
2
11/17
4
1
3
12/17
3
1/18
2
4
2/18
3/18
WILMOT NEW HAMPSHIRE
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
2017
2018
% CHANGE
2
0
100%
$278,250
–
100%
390
–
100%
Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)
For Sale
30
Sold Pended
24
23 21 19
19
18
17
16 14
15
14
13
12
11
10
6
5
4
0
1 5
4/17
2 0
5/17
4
7
6/17
4
7/17
4
3 3
8/17
3
9/17
3
1 2
10/17
11/17
2 0
3
12/17
2
3
2
4
1/18
2/18
3/18
0
MLS#4684276 NEWBURY, 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 West Lebanon: 603.298.5155
SOUTHERN NEW HAMPSHIRE Bedford: 603.413.7600
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