THE SOUTHERN VERMONT 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#4514259
MARKET OVERVIEW
2017 YEAR END
KNOWLEDGE IS POWER We are proud to share our Q1 2018 Market Report for the Southern Vermont Region real estate markets. 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 results varied by specific county and town for Q1 2018 in the Southern Vermont Region. Specifically, Bennington County total dollar volume sold increased +1.0% and the average sales price increased +7.4% while Windham County increased +22.2% in properties sold, +32.9% total dollar volume sold and the average sale price increased +8.8%. However, Windsor County total properties sold decreased close to -30.0%. 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 Southern Vermont Region real estate market with over 50 experienced Agents in our Manchester, Stratton, Okemo, Mount Snow and Bromley offices ready and eager to serve all of your real estate needs. We are committed to providing you with the highest level of service and expertise to Buyers and Sellers regardless of price. It would be our privilege to serve you for all of your real estate needs in the Southern Vermont Region. Staige Davis - CEO
Cover Photo: MLS#4497286 Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18
ARLINGTON VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
7
9
29%
$139,817
$183,988
32%
369
336
9%
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. 2018 - MAR. 2018)
For Sale Sold
50
Pended
43 41
40
40
38
37
36
36 31 29
30
29
28
24
20
10 7 5
4
0
5
4/17
2 3
5/17
1 3
6/17
2 1
7/17
1 2
8/17
0
9/17
3
6
10/17
3
2
11/17
3
6
12/17
5 3
1/18
1 0
2/18
5
3/18
BENNINGTON VERMONT
Q1 2017
Q1 2018
% CHANGE
24
31
29%
$155,587
$140,457
10%
280
147
48%
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. 2018 - MAR. 2018)
For Sale Sold
120 110
Pended 105
102
102
107
105
102
107
105 99
100
97
97
95
90 80 70 60 50 40 30 20 10 0
18
14
14
5/17
12
6/17
17
7/17
14
11
10 9
4/17
16 20
8/17
5
9/17
5 12
10/17
7
9 10
11/17
5
12/17
6
10
1/18
7
9 6
2/18
4
3/18
CAVENDISH VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
8
5
38%
$246,437
$227,890
8%
456
316
31%
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. 2018 - MAR. 2018)
For Sale Sold
40
35
39
Pended
36
35
34
36 32
31
36
35
35
32
30 27
25 20 15
10 5 0
6
5 1 1
4/17
1 2
5/17
2
6/17
1
2
7/17
2
2
8/17
3
9/17
1 3
10/17
1 5
11/17
2
1
12/17
2
1/18
3 1
3 2
2/18
2
3/18
CHESTER VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
13
8
39%
$207,269
$205,581
1%
192
115
40%
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. 2018 - MAR. 2018)
For Sale
70
Sold
65
55
61
59
60
Pended
58
54
52
54
54
50 45
45
41
40
38
37 34
35 30 25 20 15 10
0
8
6
5
2
2 4
4/17
5/17
7
1
6/17
1 4
7/17
5 7
8/17
5
9/17
4
7
10/17
4
3
11/17
1 5
12/17
4
1/18
2
4
0
2/18
3
5
3/18
DORSET VERMONT
Q1 2017
Q1 2018
% CHANGE
10
14
40%
$405,056
$461,657
14%
334
375
12%
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. 2018 - MAR. 2018)
For Sale Sold
80 74
Pended
73
71
70
70
65
63
59
60 55
52 49
50
48
48
40 30
20 10 5
0
4/17
2
5
5/17
4
2 7
6/17
5
7/17
3
4
4
8/17
4
3
9/17
4
4
10/17
5
4
11/17
2 2
12/17
1
1/18
5
4
4
2/18
4
5
3/18
DOVER VERMONT
Q1 2017
Q1 2018
% CHANGE
28
40
43%
$209,964
$200,980
4%
294
240
18%
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. 2018 - MAR. 2018)
For Sale
300
Sold Pended
270 240 210
209 194
212
211
203
195
212 197
197
195
189 178
180 150 120 90 60 30 14
0
4/17
12
13
5/17
13
18
6/17
16
10 12
7/17
12 11
8/17
11 18
9/17
17
12
10/17
11 15
11/17
16
15
12/17
17
12
1/18
15
21 15
2/18
12
3/18
LONDONDERRY VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
12
12
0%
$376,916
$425,541
13%
144
177
23%
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. 2018 - MAR. 2018)
For Sale Sold
60
Pended
53
51
52
50 46
44
40
43
38
38
37
35
34 31
30
20
10 7
5
0
2 3
4/17
2 3
5/17
2 1
6/17
2
7/17
5 6
8/17
6
5 5
9/17
5
10/17
1 3
11/17
6 5
12/17
6
1/18
2 3
2/18
3
3
3/18
LUDLOW VERMONT
Q1 2017
Q1 2018
% CHANGE
22
30
36%
$322,570
$389,550
21%
365
345
6%
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. 2018 - MAR. 2018)
For Sale Sold
300
Pended
275
268
264
254
246
250
266
260
258
255 241
238
253
243
225 200 175 150 125 100 75 50 25 0
6 17
4/17
8 9
5/17
10 14
6/17
5 6
7/17
13
8/17
8
14
9/17
11
15
14
10/17
14
22 13
11/17
9 21
12/17
9 6
1/18
4
2/18
16
15
3/18
MANCHESTER VERMONT
Q1 2017
Q1 2018
% CHANGE
18
23
28%
$337,722
$411,980
22%
226
282
25%
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. 2018 - MAR. 2018)
For Sale Sold
120
Pended
110 100
105
105
104
103
99
95 90
90
89
86
86
84
81
80 70 60 50 40 30 20 13
10 0
4 6
4/17
7
5/17
5 12
6/17
10
8 6
7/17
5
8/17
12
9 9
9/17
4 10
10/17
5 6
11/17
6
4
12/17
5 9
1/18
6
3
2/18
8
3/18
MARLBORO VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
2
3
50%
$168,000
$100,666
40%
55
419
662%
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. 2018 - MAR. 2018)
8
8
8
8
8
For Sale Sold
7
7 6
Pended
6
6
6
6
5
5
5
5
4 3 2
2
2
2
1
0
1 0
4/17
1
1
5/17
6/17
0
0
0
7/17
1
1
2
1
0
8/17
9/17
10/17
0
1
11/17
0
0
12/17
0
1
1/18
0
0
2/18
0
3/18
PERU VERMONT
Q1 2017
Q1 2018
% CHANGE
11
4
64%
$230,945
$168,875
27%
213
267
25%
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. 2018 - MAR. 2018)
For Sale
40
39 37
Sold
39
37
37
Pended
37
36
35
34
33
32
32
30
29
28 24 20 16 12 8 5
4 0
1 0
4/17
1 2
5/17
0
6/17
1
2
7/17
1
1 0
8/17
1 1
9/17
2
2
10/17
0
1
11/17
0
1
12/17
2
1/18
3
1
1
2/18
1
3/18
PLYMOUTH VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
6
7
17%
$154,166
$272,214
77%
442
226
49%
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. 2018 - MAR. 2018)
For Sale
70 65 60
60 55
54
Sold
64
62
Pended
59
58 55
54
54
52
51
50
47
45 40 35 30 25 20 15 10 5 0
2 4
4/17
0
5/17
0
1 3
6/17
3
7/17
0
2 3
8/17
3
5
2
9/17
4
3 1
10/17
11/17
5 4
12/17
1 5
1/18
1 0
2/18
4
2
3/18
SHAFTSBURY VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
6
8
33%
$197,500
$228,187
16%
267
405
52%
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. 2018 - MAR. 2018)
For Sale
40
40
Sold Pended
36
35
35
34
34
33 31
30
30
29
28
27
28
25 20 15 10
9
8
9
5
5 3
0
1
4/17
2
5/17
7
6/17
7
7/17
0
8
8/17
3 5
9/17
1
10/17
1 3
11/17
5
4
3
1
2
12/17
3
1/18
2
2/18
5
3/18
SHREWSBURY VERMONT
Q1 2017
Q1 2018
% CHANGE
NUMBER OF PROPERTIES SOLD
0
2
—
AVERAGE SALE PRICE
—
$110,250
—
AVERAGE DAYS ON MARKET
—
507
—
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. 2018 - MAR. 2018) 16
16
For Sale
15
Sold Pended
14
14 13
13
13
13 12
12
12
11 10
10 8 7
6 4 2
2
2
2
1
0
1
4/17
0
5/17
1
1 1
6/17
0
7/17
1
1
8/17
1 0
9/17
1 1
1
10/17
11/17
0
2
12/17
0
0
1/18
0
1
2/18
3/18
0
STRATTON VERMONT
Q1 2017
Q1 2018
% CHANGE
13
15
15%
$389,461
$505,933
30%
155
198
28%
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. 2018 - MAR. 2018)
For Sale Sold
120
Pended
110 100
101 94
92
92
90
89
87
87
87
80
78
77
76 70
70 60 50 40 30 20 10 0
1
4/17
2
6
5/17
8 7
8 6
6/17
2 3
7/17
3
8/17
5 6
9/17
11
9 6
10/17
8 6
11/17
16
12/17
4 5
1/18
7
6
2/18
3 3
3/18
SUNDERLAND VERMONT
Q1 2017
Q1 2018
% CHANGE
2
2
0%
$226,250
$258,500
14%
343
372
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. 2018 - MAR. 2018)
16
16
16
For Sale Sold Pended
14 13
13
13 12
12
12
11 10
10
10 9
9
8 6 4
4
2
2 1
0
0
4/17
1
1 1
5/17
2
1
6/17
1 1
7/17
3
8/17
1 3
9/17
1
1
0
10/17
11/17
0
0
1
12/17
0
1/18
0
0
2/18
2
3/18
WARDSBORO VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
9
5
44%
$122,611
$79,200
35%
284
200
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. 2018 - MAR. 2018)
For Sale Sold
40
Pended
35
34
34
33
32
31
30
31 29
28
29
28
27
25
25 20 15 10 5
0
0
4/17
0
2
5/17
1
1 3
6/17
1 1
7/17
5
4
3 2
8/17
2
9/17
1
3 3
10/17
5
11/17
1 5
12/17
1 0
1/18
3
1
2
2/18
3/18
WEATHERSFIELD VERMONT
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
Q1 2017
Q1 2018
% CHANGE
6
9
50%
$146,583
$126,500
14%
144
466
224%
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. 2018 - MAR. 2018)
For Sale
50 45
Sold
45
44
Pended
43 41
40
39
38
35
34
33
29
30
26
26
25
25 20 15 10
9
8
5 0
6
5 2 1
4/17
6
5/17
6
6/17
3
7/17
3
5
4 6
8/17
4
9/17
5
10/17
4 6
11/17
2
12/17
0
3
1/18
1 4
2/18
2 1
3/18
WESTON VERMONT
Q1 2017
Q1 2018
% CHANGE
1
2
100%
$282,500
$225,563
20%
234
177
24%
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. 2018 - MAR. 2018)
For Sale Sold
30
Pended
27
27 24
24
23
22
21
21 18
24
20
19
18
19
19
15
15 12 9 6 3 0
1 0
4/17
1 3
5/17
1 1
6/17
1 0
7/17
3
2 0
8/17
0
3
9/17
1
10/17
1 4
11/17
1 0
12/17
1 0
1/18
2 1
1
2/18
3/18
0
WILMINGTON VERMONT
Q1 2017
Q1 2018
% CHANGE
23
18
22%
$275,739
$275,188
.2%
207
105
49%
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. 2018 - MAR. 2018)
For Sale
140
Sold
130
125
124
Pended
119
120
119
108
110
103
102
97
100 88
90 80
97
88
80
70 60 50 40 30 20 10 0
5 5
4/17
13
9
4
5/17
7
6/17
10
4 5
7/17
4
8/17
6
9/17
9
8
10 12
10/17
10 7
11/17
0
4
10
12/17
1/18
3 4
2/18
4 10
3/18
WINHALL VERMONT
Q1 2017
Q1 2018
% CHANGE
12
14
17%
$391,375
$335,964
14%
389
224
42%
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. 2018 - MAR. 2018)
For Sale
120
Sold
117
113
110
111
107
Pended
112
109
106
104 98
100
103
99
95
90 80 70 60 50 40 30 20 10 0
2 6
4/17
4 3
5/17
2 4
6/17
5 2
7/17
11
9 5
8/17
5 5
9/17
5 8
10/17
8 7
11/17
3 7
12/17
2 5
1/18
3
2/18
5 5
3/18
MLS#4669216
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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