LAKE SUNAPEE REGION
MARKET REPORT 2017 YEAR END
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#4664084 NEW LONDON, NH
MARKET OVERVIEW
2017 YEAR END
KNOWLEDGE IS POWER We are proud to share our Year End 2017 Market Report for the Lake Sunapee 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 you can make informed decisions as you evaluate your real estate options. Overall, the real estate market was relatively strong in 2017 in the Lake Sunapee region. Specifically, Merrimack County closed sales in units increased +10.2% and total sales volume increased by +26.0%, while the Median Sale Price increased +6.2% and Average Days on Market decreased by -3.9%. For Sullivan County, total closed sales in units was flat, however, total sales volume was up +31.7% and the Median Sales Price increased by +39.3% while Average Days on Market decreased by -17.6%. Moving forward into 2018, we believe the lack of inventory will continue to be a major driving factor and it will continue to be more of a Sellers market at the modest price range which should continue to drive increased prices. 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 into 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 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 Lake Sunapee region. Alan DiStasio - EVP & Managing Director Cover Property: MLS#4646347 NEWBURY, NH Source: TrendGraphix Data 2016-2017
ANDOVER NEW HAMPSHIRE
2016
2017
% CHANGE
51
38
26%
$160,885
$200,791
20%
113
103
9%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20 19 18 17
For Sale
16
Sold
15
15
14
14 13
13 12
11
11
11
8
8
10
7 6
6
5
5
4
4
6
5 4
4
3
3
3
4
3
1
1
1
1
0
1/17
2
2
2
2 0
10
8
7
1
11
10
10 9
15
Pended
1
0
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
BRADFORD NEW HAMPSHIRE
2016
2017
% CHANGE
35
36
3%
$195,969
$206,526
5%
233
201
14%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
30 28
27
For Sale
26
Sold
24
Pended
26 25 23
22 20
20
20 19
18 16
16
15
15 14
14
13
12 10 8 6 4 2 0
2
2
1/17
3
3 1
2/17
6
5
5 3
4
4 2
3 2
1
3/17
2
2
2
2
2 1
1
4/17
5/17
6/17
7/17
8/17
4
9/17
10/17
11/17
12/17
GOSHEN NEW HAMPSHIRE
2016
2017
% CHANGE
4
3
25%
$159,500
$196,000
23%
113
174
54%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
16 14
14
13
For Sale
12
12
Sold
11
11
Pended
10
10
9
28
8
8
8
8
8 7
6
4 2
2 1
0
1
1
1
1
2/17
3/17
4/17
1
1
0
0
1/17
1
0
5/17
6/17
2
2 1
1 0
0
7/17
1
8/17
9/17
10/17
11/17
12/17
GRANTHAM NEW HAMPSHIRE
2016
2017
% CHANGE
134
116
13%
$227,575
$256,115
13%
211
164
22%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
100
98
95
For Sale
94
Sold
91
90
Pended
87
84 80
80
80
71
70
68
63 59
60 50 40 30 22 19
20 10 0
15 10
10
8
1/17
12
5
3
2/17
5
3/17
7
4/17
5
12
8
5/17
9
8
14 8
10
11
7 3
6/17
7/17
8/17
9/17
10/17
5
11/17
8
12/17
NEW LONDON NEW HAMPSHIRE
2016
2017
% CHANGE
127
108
15%
$406,320
$453,232
12%
188
118
37%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
80
For Sale
66
Sold 60
Pended
60
58
57
56
54
47 41
40
38
38
35
34
20
16 9 7
7
12 8
7
3
0
1/17
2/17
3/17
9
11 9
10 10
11
13 6
5
4/17
5/17
6/17
11
7/17
8/17
8
9/17
6
10/17
8
10 4
11/17
6
12/17
NEWBURY NEW HAMPSHIRE
2016
2017
% CHANGE
71
86
21%
$399,389
$334,780
12%
153
195
28%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
60 For Sale Sold
50
Pended
48
45 41 38
30
33
33
32
31
30
30
30
23
15
7
6 3
0
3
1/17
6 2
2
2/17
7
3/17
7 4
4
4/17
10
8 5
10 8
8
6
9 7
5
4
4
1
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
SPRINGFIELD NEW HAMPSHIRE
2016
2017
% CHANGE
17
30
77%
$236,577
$237,351
5%
87
160
84%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20
For Sale
19
Pended
17 16
16
16
16
15
15 14 13
Sold
18
18
15
14
14
14
13 12
12 11
10
10 9 8 7 6 5
6
4
4 3
3
3
3
3
0
5 2
2 1
4
5
5
2 1
1
0
0
1/17
5
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
1
1
1
0
10/17
11/17
12/17
SUNAPEE NEW HAMPSHIRE
2016
2017
% CHANGE
93
103
11%
$450,669
$399,789
11%
150
148
1%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
55
55
55 51
50
50
For Sale Sold
45
44
Pended
42 40
40 35
34
33
30
28 26
26
25 20 15
14 11
10
7 5
5 0
2
2
1/17
2/17
0
3
3/17
9
7
3
12
12 8
7
7
8
9
9
9
2
2
4/17
5/17
7
6
6/17
7/17
8/17
9/17
10/17
11/17
12/17
SUTTON NEW HAMPSHIRE
2016
2017
% CHANGE
46
66
44%
$255,277
$246,898
3%
209
117
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
44%
Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017) 34
34 32 30
30
32
31
For Sale
28
Sold
27
26
Pended
25
24 22 20
20 18
17
16 14
14 12
12 10
9
8
9 7
7
6 4 2 0
12
12 11
2
2
1/17
3 1
1
2/17
6
7 5
4
3
8
7
6
5 5
4
4 3
1
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
WARNER NEW HAMPSHIRE
2016
2017
% CHANGE
40
44
10%
$212,923
$229,207
8%
143
167
17%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20 For Sale
19 18
Sold
17
Pended
17
16
17
15
15
15 14
14 13 12 11
12 11
11
10
10
10
10
9
8
8
8
7
7
6
6
5
5
5
4
4 3 1 0
1
1
1/17
4 3
3
2
2
4
3
3
3
3
3
3
3 2
2
1
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
WILMOT NEW HAMPSHIRE
2016
2017
% CHANGE
29
29
0%
$252,697
$282,906
12%
161
138
14%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
24
23
22
21
For Sale
20
19
Sold
18
19
Pended
17 16
16 14
14 12
13 11
11 10
10 8
8 6
5
4 2 0
3 2 1
2
1
4
4
4
3
2 1
1
1
1
4
4
3 1
1
0 0
0
1/17
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
MLS#4671872 NEW LONDON, 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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