THE SOUTHERN VERMONT 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#4646365
MARKET OVERVIEW
2017 YEAR END
KNOWLEDGE IS POWER We are proud to share our Year End 2017 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 you can make informed decisions as you evaluate your real estate options. Overall, the real estate market reflected mixed results in 2017 for the Southern Vermont Region. Specifically, many towns reflected increases in number of properties sold including Cavendish, Chester, Londonderry, Manchester, Peru, Plymouth, Stratton, Wardsboro, Wethersfield, Weston and Wilmington. However, the following towns reflected decreases in number of properties sold including Bennington, Dorset, Dover, Ludlow, Marlboro, Shrewsbury and Winhall. Moving forward into 2018, we believe the lack of inventory will continue to be a driving factor in lower and mid-range segments which will continue to support a Seller’s market. In some cases this can result in higher home prices. However, fewer buyers in the luxury segment dictates the importance of appropriate pricing which is critical to selling properties in a timely manner. 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 Southern Vermont Region real estate market with 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 - Partner and Chief Operating Officer
Cover Photo: MLS#4658427 Source: TrendGraphix Data 2016-2017
ARLINGTON VERMONT
2016
2017
% CHANGE
42
38
10%
$199,631
$175,871
12%
254
249
2%
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)
50
For Sale Sold
45 40
37
38
37
36
35
35
41
40
39
39
Pended
36
31
30
29
25 20 15 10 7
5 1
0
4
4
1/17
2
1
2/17
4
5 2
1
3/17
4/17
2
5/17
1
1
6/17
2
1
7/17
1
3
2
8/17
6
9/17
10/17
6 3
2
11/17
3
12/17
BENNINGTON VERMONT
2016
2017
% CHANGE
167
152
9%
$145,763
$154,905
6%
173
252
46%
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)
50
For Sale Sold
45
Pended 40
40 35
39 37
36
37
39 37
37
35
37
34
33
30 25 20 15 10 5 0
4 0
1/17
5
5 3
1
1
2/17
3/17
4/17
1
2
5/17
0
1
6/17
2
1
7/17
1
8/17
1
1
9/17
2
2
10/17
0
1
11/17
0
1
12/17
CAVENDISH VERMONT
2016
2017
% CHANGE
25
34
36%
$136,300
$180,364
32%
224
326
46%
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)
For Sale
40 38 36 34
39
Sold Pended 34
34
32
31
36
35
31
36
32
31
32
30 28
27
26 24 22 20 18 16 14 12 10 8
6
6 4 2 0
2
5 3
3 0
1
1/17
1
2/17
1
3/17
1
1
4/17
1
2
5/17
2
2
2
2
1
6/17
3
3 1
7/17
8/17
9/17
10/17
1
11/17
2
1
12/17
CHESTER VERMONT
2016
2017
% CHANGE
50
55
1O%
$206,072
$184,277
11%
223
176
21%
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 75
For Sale
70
Sold
65
Pended
55 50
61
59
60
58
52
54
54
54
51
49
45
43
45
43
40 35 30 25 20 15 10 5 0
6
8 4
3
1/17
2/17
3
3/17
2
4
4/17
8
6 2
5/17
7 1
6/17
1
7
4
7/17
8/17
5
5
9/17
7 4
10/17
4
3
11/17
1
4
12/17
DORSET VERMONT
2016
2017
% CHANGE
55
47
15%
$428,072
$401,142
6%
255
258
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)
80
For Sale
75 70 65
74
Sold
73
71
70
Pended
65
63
63 59
60
59 55
55
55 52
50 45 40 35 30 25 20 15 10 5 0
5
6 1
1/17
1
2/17
3
3
3/17
5
5
4
2
4/17
5/17
7
5
3
2
6/17
7/17
4
4
8/17
4
3
9/17
4
4
10/17
6
4 2
11/17
2
12/17
DOVER VERMONT
2016
2017
% CHANGE
167
162
3%
$238,029
$241,619
2%
210
267
27%
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)
For Sale
240
Sold Pended 213
209
207
204
194
211
212
212
203
197
195
178
180
120
60
10
0
7
1/17
9
10
2/17
14
9
3/17
14
12
4/17
13 13
18 16
5/17
6/17
10 12
12
7/17
8/17
11
11
18
9/17
17 12
10/17
11
15
11/17
17
15
12/17
LONDONDERRY VERMONT
2016
2017
% CHANGE
48
55
15%
$287,645
$252,174
12%
311
215
31%
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
53
52
51
Sold Pended
45
46
46
45
44 39
43 38
38
34
30
15
7 4
0
4
1/17
2
1
2/17
3
3/17
7 2
3
4/17
2
3
5/17
5 2
1
6/17
6
5
5
5
2
2
7/17
7
5
8/17
9/17
10/17
5
3
11/17
12/17
LUDLOW VERMONT
2016
2017
% CHANGE
163
144
12%
$333,786
$270,498
19%
352
296
16%
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)
For Sale
300 280 260
Sold Pended
276 266
264
268
264 254
246
266
260 241
238
240
243
220 200 180 160 140 120 100 80 60 40 20 0
7
3
1/17
18 8
2/17
16
9
3/17
6
17
4/17
9
10 14
5/17
6/17
8
5
6
7/17
8
14 11
15 14
14 13
8/17
9/17
10/17
11/17
13
21 10
12/17
MANCHESTER VERMONT
2016
2017
% CHANGE
101
102
1%
$376,172
$334,981
11%
338
299
12%
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)
120
For Sale
110 100
105
105
Sold
104
103
Pended
99
96
94
95
92
90
90
89
86
80 70 60 50 40 30 20 13
10 4
0
4
1/17
8 4
2/17
6
5
3/17
12
6
7
4/17
5/17
4
5
6/17
8
6
7/17
10 5
8/17
9
10
9 4
9/17
10/17
5
6
11/17
6
4
12/17
MARLBORO VERMONT
2016
2017
% CHANGE
15
10
33%
$287,186
$269,100
6%
149
232
56%
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)
10
For Sale
9
Pended
Sold
7
7 6
8
8
8
8
8
8
7
6
6
6
6
5
5 4 3
1
1
1 0
0
2
2
2
1/17
2/17
1
2 1
1
1
1
0
0
3/17
2
0
0
4/17
5/17
6/17
7/17
1
8/17
9/17
10/17
11/17
0
12/17
PERU VERMONT
2016
2017
% CHANGE
18
22
22%
$234,263
$214,809
8%
246
208
15%
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)
50
For Sale
45
Pended
Sold
40
40
39
39 37
37
36
37
37
37
35
35
34
33
30 25 20 15 29
10 5 0
4 0
1/17
5
5
3 1
1
2/17
3/17
4/17
1
2
5/17
0
1
6/17
2
1
7/17
1
8/17
1
1
9/17
2
2
10/17
0
1
11/17
0
1
12/17
PLYMOUTH VERMONT
2016
2017
% CHANGE
20
31
55%
$275,345
$192,829
30%
256
252
2%
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)
75
For Sale
70
Sold
65
Pended
60 55
56
58
56
54
64
62
60
59
58 55
54
51
50 45 40 35 30 25 20 15 10 5 0
4
6 1
1/17
2/17
3
4
3/17
2
4
4/17
0
1
5/17
1
3
6/17
3
3
2
7/17
8/17
3
2
5
4
5 4
3 1
9/17
10/17
11/17
12/17
SHAFTSBURY VERMONT
2016
2017
% CHANGE
34
45
32%
$174,803
$228,832
31%
175
191
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)
50 46
46
For Sale
45 42
Sold 40
40
Pended 36
35
35
34
34
33 31
30
29 27
25 20 15 10
8
7
7 5
5 0
9
9
8 3
3 0
1/17
1
2/17
2
3/17
1
4/17
2
5/17
5 3
7/17
8/17
3 1
0
6/17
3
9/17
10/17
1
11/17
3
2
12/17
SHREWSBURY VERMONT
2016
2017
% CHANGE
21
10
52%
$193,847
$259,790
34%
211
81
62%
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
For Sale
18
Sold
17
Pended
16
16 15
15
14
14
13
13 12
11
11
10
10 9
8
8 7 6
13
13
7
7
6
5 4 3 1 0
1
1/17
2/17
1
1
3/17
1
4/17
5/17
1
1
0
0
0
2
2
2
2
1
1
1
1
1
1
0
6/17
7/17
0
8/17
9/17
10/17
11/17
12/17
STRATTON VERMONT
2016
2017
% CHANGE
62
69
11%
$578,823
$460,368
21%
201
261
30%
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)
120 110
For Sale 111
Sold
111
Pended
105 101
100
94
92
92
90
89
87
87
80
76 70
70 60 50 40 30 20
16 9
10 0
2
6
2
1/17
2/17
3
3
3/17
1
2
4/17
6
7
5/17
8
6
6/17
8 3
3
7/17
8/17
2
5
11
9 6
6
6
9/17
10/17
11/17
8
12/17
SUNDERLAND VERMONT
2016
2017
% CHANGE
22
17
23%
$178,611
$238,985
34%
184
244
33%
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 Sold
18
Pended
17 16
16
16
16
14
14
13
13
13
12
12 11 10
10
10
8 6 4
4
3 2
2 0
1
1
2 1
1
1
1
1
0
0
1/17
2/17
3
3/17
4/17
5/17
6/17
1
1
7/17
1
6
8/17
9/17
10/17
1
1 0
0
11/17
12/17
WARDSBORO VERMONT
2016
2017
% CHANGE
26
33
27%
$139,778
$160,502
15%
304
340
12%
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)
40 38
39
For Sale 36
36
Sold
36 34
34 32 30
Pended
34
33
32
31
31 29
28
28
27
26 24 22 20 18 16 14 12 10 8 6 4 2 0
3 1
1/17
2
2
2
2
2
1
0
2/17
3/17
4/17
5/17
3 1
6/17
3 1
2
1
7/17
8/17
5
4 2
5
3
2
1
9/17
10/17
5
11/17
12/17
WEATHERSFIELD VERMONT
2016
2017
% CHANGE
35
51
46%
$191,334
$154,827
19%
274
148
46%
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)
For Sale
50
40
Sold
45
45 41
44
Pended
43 41
40
39
39
38
35
34
33
30
29
25 20 15 10
8
5 0
10
3
9
5
3 2
9 6
6
1
3
5
6
3
4
4
6
5
6 4
4 2
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
WESTON VERMONT
2016
2017
% CHANGE
11
14
27%
$275,963
$381,392
38%
229
227
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)
30 28
For Sale
26
Sold
27
Pended
24
24
23 22
22 20
24
21 19
19
18
19 18
18
16
15
14 12 10 8 6 4
4 2 0
3
3 0
1/17
0
2/17
1
3/17
1
4/17
1
5/17
3 1
1
6/17
1
2 0
7/17
3
8/17
9/17
1
10/17
1
11/17
1
12/17
WILMINGTON VERMONT
2016
2017
% CHANGE
100
101
1%
$278,877
$248,519
11%
178
179
.6%
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)
140
For Sale
130
Sold
119
119
Pended
120 110
125
124
108 103
100
103
102
102 94 88
90 80
80 70 60 50 40 30 20 10 0
4
6
1/17
8
13 5
2/17
7
7
3/17
5
9 5
4/17
4
5/17
7
10
6/17
5
4
7/17
8/17
4
6
9
8
12
10
10
7 1
9/17
10/17
11/17
12/17
WINHALL VERMONT
2016
2017
% CHANGE
71
61
14%
$325,679
$381,670
17%
278
289
4%
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)
140
For Sale
130 120
Sold 120
119
117
Pended
117
113
110
111
107
112
109
106
100
98
95
90 80 70 60 50 40 30 20 10 0
9
6 1
1/17
4
2/17
6
7
3/17
2
6
4/17
4
3
5/17
2
4
6/17
5
9
5
2
7/17
8/17
5
5
9/17
5
8
10/17
11
7 4
11/17
7
12/17
MLS#4666727
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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