UPPER VALLEY
MARKET REPORT Q1 — Q3 2018
PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Every home has a story all its own. It is written in the details, big and small, which make a house a home or a parcel of land the path to a dream realized. It is a remembrance of days gone by or a celebration of times to come. Telling these treasured tales is our specialty. We uncover and bring to life the characteristics which make a property exceptional and weave them into its own, unique story. By combining outstanding photography with illustrative, and colorful details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways which truly resonate with and engage prospective buyers. It is with pleasure that we use our considerable expertise and resources to artfully unite special places with those who will cherish them.
MLS#4488271
MARKET OVERVIEW
Q1 — Q3 2018
KNOWLEDGE IS POWER We are proud to share our Upper Valley Real Estate Market Report for the Q1 - Q3 2018. In this report, you will find year-over-year market trends for each of the major towns and areas within the Upper Valley. Our goal is to provide you with the most up-to-date information and empower you to make more informed decisions in regards to buying and selling real estate. Overall, the Upper Valley real estate market was very strong during the Q1 - Q3 2018 time period. Specifically, results year-over-year in Grafton County, New Hampshire are as follows: - unit sales are up +5.4% - sales volume is up +16.6% - median sales price is up +13.5% - average days on market are down -1.0% These are all signs of a strong market with rising sales prices primarily related to demand which outpaces available inventory. However, Windsor County, Vermont is experiencing a slightly softer market, but the pending sales volume is up +5.9% which indicates that this subset of the market could be picking up. The nation as a whole is experiencing a shortage of housing inventory and the Upper Valley is no exception where the impact is being felt in almost all price ranges. This is great news, though, if you’ve been thinking of selling. Right now may be just the perfect time to make the most of your real estate investment. That said, the importance of accurate and effective pricing cannot be overstated, especially here in the Upper Valley. Four Season Sotheby’s International Realty is a leader in New Hampshire and Vermont real estate and has 19 offices throughout the two states. Here in the Upper Valley, we engage over 50 professional REALTORS who have in-depth knowledge of the market and the experience, skills, and support to serve our communities and clients at the highest levels. Whether you choose one of our REALTORS from the Hanover, Fairlee, or Randolph offices, we are all committed to providing buyers and sellers with service which exceeds expectations. It would be our privilege to serve as your trusted real estate advisor here in the Upper Valley and beyond. Staige Davis - CEO Buff McLaughry - President Alan DiStasio - COO Lori Shipulski - Regional Manager for the Upper Valley Cover Property: MLS#4676107 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
BRADFORD AREA
(FOR THE TOWNS OF BRADFORD, CORINTH, TOPSHAM, NEWBURY AND VERSHIRE)
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
90
67
26%
$140,738
$164,516
17%
176
167
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)
80
76
For Sale Sold
69
Pended
60
69
66
56 49
48
40
38
37
35
35
33
20
10 7
0
10
9
10/17
11/17
4
6
12/17
4
6
5
10
8
5
4
4
1/18
2/18
3/18
4
10
10
5
2
6
4/18
5/18
7
6/18
6
7/18
8
8/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018 for the towns of Bradford, Corinth, Topsham, Newbury and Vershire
12
9/18
CANAAN NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
45
55
22%
$162,461
$165,302
1.8%
140
155
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)
60
57 53
For Sale
51
50
51
Sold
48
48
Pended
41
40
40
31
31
30
30
28
20
10
10 7
6
0
7
10/17
3
4
11/17
3
6 4
4
12/17
9
3
1/18
3
2/18
4 11
3/18
3
4/18
3
5/18
4
2
4
2 6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
7
7/18
8
8/18
9
9/18
ENFIELD NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
57
78
37%
$235,795
$224,712
4.7%
167
103
38%
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
49
49
For Sale
46
Pended
40
46
45
44
Sold
45
41 39
38
30
29
28
20
12
10
10
9 7
6
7
6
10
10
7
6
4
0
8
7
1
10/17
11/17
12/17
5
1/18
4
2/18
3
3/18
9
4/18
71
12
5/18
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
10
7/18
14
8/18
8
9/18
FAIRLEE AND WEST FAIRLEE VERMONT
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
16
16
0%
$212,234
$238,578
12%
86
205
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
138%
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)
18
18 17
17
16
15
For Sale
14
14
Sold 13
Pended 12
12
12
12
10 9
9
6
4
3
3 2
2
3
2 1
0
2
10/17
4
3
11/17
0
3
12/17
1
1
1
2
2
1
1/18
2/18
3/18
4/18
0
5/18
2
1
6/18
3
7/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018 for the towns of Fairlee and West Fairlee
2
8/18
2
9/18
GRANTHAM NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
92
112
22%
$255,380
$243,812
4%
162
131
19%
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
80 74
For Sale
71
Sold
68
67
68
Pended
63
59
58
53
51
63
60
50
40
27 18
18 15
13 10
8
10
8
15
14
13
8
5
0
7
10/17
5
11/17
11
12/17
5
1/18
8
2/18
6
3/18
11
4/18
12
5/18
17
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
10
7/18
20
8/18
18
9/18
HANOVER NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
89
88
1%
$598,775
$620,324
3.6%
95
85
10.5%
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)
50 44
For Sale
40
41
40
39
Sold
39 37
Pended
37
33 31
30 27
27 24
20 16
15
10
11
10 8
7
6
8
8 6
4 8
0
10/17
8
11/17
1 1
12/17
4
1/18
3
2/18
2
3/18
13
4/18
14
5/18
17
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
17
7/18
8
8/18
6
9/18
HARTFORD VERMONT
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
205
206
.5%
$220,017
$214,123
2.7%
156
141
9.6%
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)
120
120
For Sale
115
104
115
110 105
Pended
101
115
111
Sold 100
96
93
91
72
48
33
24
10/17
19
19
9
7 15
26
22
21
20
0
28
26
25
20
11/17
12
12/17
8
1/18
10
2/18
14
3/18
24
4/18
26
5/18
34
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
25
7/18
34
8/18
19
9/18
HARTLAND VERMONT
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
41
28
31.7%
$255,446
$266,494
4.3%
148
234
58%
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 37
36
37
For Sale Sold 32
32
37
36
35
33
Pended 30
29 25
24
23
16
8 6 2
0
10/17
4
3 3
2
11/17
1 3
12/17
4 0
1/18
0
2/18
11
2
3/18
2
2
4/18
11
3
5/18
4
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
5
4 2
5
7/18
8/18
1
6
9/18
LEBANON NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
157
162
3.2%
$240,791
$261,102
8.4%
68
69
1.5%
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)
80 74
64
For Sale
64
63
Sold Pended
48
56 48
47
46
36
34
45
35
32
32
24 20
16
20
18
17
26
24
16 11
0
14
10/17
12
11/17
38
12/17
20
18 11
17
1/18
18
2/18
15
3/18
13
4/18
18
5/18
25
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
28
7/18
20
8/18
18
9/18
LYME NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
13
16
23%
$412,258
$571,812
38.7%
119
177
48.7%
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)
30
25
24
For Sale
23
Sold Pended
21 20
20
18 16 15
15
14 12
12 11 10
10
5 3
3
2
0
3
2
1 10/17
4
11/17
0
11
12/17
0
0
1/18
2
0 2/18
3
3/18
2
4/18
2 2
5/18
2 3
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
2 2
7/18
4
8/18
1 0
9/18
NORWICH VERMONT
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
43
40
7%
$502,975
$615,585
22.4%
144
97
32.6%
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
20
20
19
19 18 17
For Sale
16
16
Sold
15
15
Pended
12
11 10
8
8 7 5
4
5
5
4
4
4
2 1
0
2
10/17
2
11/17
1
2
12/17
3
0
1
1/18
2/18
3/18
0
7
4/18
2
5/18
11
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
6
7/18
5
8/18
1
9/18
PLAINFIELD AND CORNISH NEW HAMPSHIRE
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
53
32
40%
$264,927
$251,062
5%
167
311
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
86%
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 36
35
For Sale
33
33
32
Sold Pended
27
20
25
20
22
21
20 17
17
15
13
7
6
6
5
2
10/17
6
11/17
0
2
12/17
1 2
1/18
2
2/18
6
5
4
3
0
6
1 2
3/18
2
4/18
3
5/18
0
6/18
5
4
7/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018 for the towns of Plainfield and Cornish
7
8/18
2
9/18
RANDOLPH VERMONT
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
47
44
6.4%
$196,303
$201,969
2.3%
147
232
57.8%
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
48
48
47
For Sale
42
43
Sold
42
Pended
40
33
40
40
41
40
32 30
25
17
9
8 4
3
0
3
10/17
2
5
11/17
4 1
12/17
7
6
5
5
3
1 1/18
1 4
2/18
8
3/18
3
4/18
3 4
7
5/18
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
2
7/18
8
8/18
3
9/18
THETFORD AREA VERMONT
(FOR THE TOWNS OF THETFORD, SHARON AND STRAFFORD)
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
66
46
30.3%
$231,209
$272,746
18%
153
171
11.8%
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
43
Sold
42
42
41
Pended
41
37 35
33
32
25
25
24
25
23
22
17
8
7
7
5
5 3
0
7
4
10/17
11/17
2
3 3
12/17
3
1/18
2
2/18
4
3 3
1
4
3/18
4/18
4
5/18
5
6/18
4 6
7/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018 for the towns of Thetford, Sharon and Strafford
2
7
8/18
9/18
6
WEATHERSFIELD VERMONT
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
35
33
5.7%
$170,380
$203,515
19.4%
142
321
126%
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
38
For Sale
34
33
35
37
35 33
Sold
32
Pended 29 26
27
26
25
24
16
8 6
5
0
10/17
6
5
6
11/17
6
4
4 2
12/17
0
1/18
3
1 4
2/18
1 1
3/18
2
4/18
2
5/18
4
5
6/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018
3 2
7/18
3 7
8/18
2
9/18
WOODSTOCK AREA
(FOR THE TOWNS OF WOODSTOCK, BARNARD, POMFRET AND BRIDGEWATER)
Q1 - Q3 2017
Q1 - Q3 2018
% CHANGE
114
82
28%
$441,155
$483,718
9.6%
216
207
4.2%
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)
160 150
For Sale
143
Sold
133
133
Pended
132
127
122
118
117 111
107
102
101
80
53 34
27
7
0
11 14
10/17
10
11/17
5 8
12/17
7
1/18
6
9
2/18
7
8
3/18
6
4 7
4/18
8
5/18
12 8
8
6/18
8
7/18
15
13
10
12
8/18
(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018 for the towns of Woodstock, Barnard, Pomfret and Bridgewater
9
9/18
MLS#4681629
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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