THE LAKES 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.
MARKET OVERVIEW
Q1 2018
KNOWLEDGE IS POWER We are proud to share our Q1 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 is off to a mixed start in Q1 2018 in the Lakes Region of New Hampshire. Less available inventory has caused a decrease in unit sales and overall volume. Belknap County closed sales in units decreased -7.6% and total sales volume decreased by -14.0%, however, the Median Sale Price increased +15.3%. For Carroll County, total closed sales in units decreased -9.0% and total sales volume decreased -5.1%, while the Median Sales Price increased by +13.7%. 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 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#4675508 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
ALTON NEW HAMPSHIRE
2017
2018
% CHANGE
20
22
10%
$379,345
$262,422
31%
150
162
8%
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
100
Sold 92
91
Pended
84
80
83
76
74
72
60
60
51
39
40 32
20
19
16
14
18
16
14
12
11
8
0
6
4/17
14
5/17
17
6/17
13
7/17
23
8/17
32
11
9/17
9
10/17
19
11/17
5
9
12/17
5
5
7
4 5
1/18
2/18
3/18
CENTER HARBOR NEW HAMPSHIRE
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
2017
2018
% CHANGE
6
1
83%
$283,166
$345,000
22%
197
60
70%
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)
10
10
For Sale
10
Sold 9
9
Pended 8
8
8
6
6
6 5 4
4 3
2
2
2
0
4/17
1
1
5/17
3
2
2
6/17
4
3
1
0
5
0
7/17
1 2
2
4
8/17
9/17
10/17
1
1
2
1
0
0
1
11/17
12/17
1/18
2/18
3/18
0
GILFORD NEW HAMPSHIRE
2017
2018
% CHANGE
47
40
15%
$270,640
$258,918
4%
108
170
57%
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
140
Sold 118
Pended
123
119
115
111
112
102
101
96 87
82
84
70 63
56
28
33
30
27
31
27
26
26 19
18
14
11
0
17
4/17
24
5/17
28
6/17
31
7/17
25
8/17
34
9/17
27
10/17
15
11/17
7
16
12/17
11
1/18
6
2/18
17
3/18
GILMANTON NEW HAMPSHIRE
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
2017
2018
% CHANGE
24
18
25%
$175,739
$159,322
9%
256
260
2%
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
50
Sold Pended 41
40
30
37
37
37
30 28
27
24
24 21
20
20
15
15
10
9
10
9
7
6
7
6
6
4
0
6
4/17
7
5/17
10
6/17
11
7/17
12
8/17
7
9/17
10
10/17
8
1 5
3
2 3
6
11/17
12/17
1/18
2/18
3/18
LACONIA NEW HAMPSHIRE
2017
2018
% CHANGE
82
75
9%
$288,217
$227,219
21%
134
104
22%
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)
200
For Sale 192
191
189
Sold
191
Pended
175 162
160
145 132 119
117
120
105 94
80
55
40
54
54
49
46
40
36
38 29
34
0 4/17
41
5/17
51
6/17
44
7/17
48
8/17
53
9/17
51
10/17
23
20
19 32
11/17
23
12/17
18
1/18
18
2/18
27
3/18
MEREDITH NEW HAMPSHIRE
2017
2018
% CHANGE
26
26
0%
$375,598
$273,415
27%
98
55
44%
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
90
Sold 84
83
Pended 74
72
54
70
67
67
55
52
41
41
38
36
36
18 13
0
23
20
6
4/17
12
5/17
14
12
11
10 16
6/17
10
7/17
13
8/17
17
9/17
5
24
10/17
9 5
11/17
4
8
12/17
8 5
1/18
8 5
2/18
12
3/18
MOULTONBOROUGH NEW HAMPSHIRE
2017
2018
% CHANGE
32
20
38%
$408,073
$580,752
42%
187
90
52%
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
120
Sold Pended 105
101
98
95
96
93 81
74
72 63
61 55
54 46
48
31
24
26
23
21
15
0
12 13
4/17
20
19
5/17
10 22
6/17
15
7/17
21
8/17
21
9/17
9
8
20
19
4 21
6
10/17
11/17
12/17
1/18
3
2/18
6
7
3/18
WOLFEBORO NEW HAMPSHIRE
2017
2018
% CHANGE
40
31
23%
$272,303
$382,319
42%
189
272
44%
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
119
120
Sold
111
108
Pended
105
103
101
96
91 86
72
68 62 49
48
41
24
24
24
23
22
18
17
13 7
0 4/17
9
16
5/17
12
6/17
20
7/17
29
8/17
9 20
9/17
18
4 8
5 6
10/17
11/17
12/17
7
5
8
8
1/18
2/18
3/18
MLS#4683183
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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