2018 First Half Market Report - Lake Sunapee Region

LAKE SUNAPEE REGION

MARKET REPORT FIRST HALF 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#4634311 Wilmot, NH

MARKET OVERVIEW

FIRST HALF 2018

KNOWLEDGE IS POWER We are proud to share our First Half 2018 Market Report for the Lake Sunapee Region 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.

The real estate market is beginning to pick up in the Lake Sunapee Region as we head into the peak Summer sales period. Overall, the entire Lake Sunapee area was relatively flat in the First Half of 2018 versus the same time period year ago with Properties Sold down just 1%, Average Sale Price up 2% and Average Days on Market down 5%. However, this varied significantly by individual town with the Average Sale Price increasing in Andover, Goshen, New London, Sunapee, Warner and Wilmot while Bradford, Grantham, Newbury, Springfield and Sutton all decreased.

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 Summer and Fall 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 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 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 Lake Sunapee region.

ALAN DISTASIO - Partner, COO Cover Property: MLS# 4702901 New London, NH Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

ANDOVER NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

18

18

0%

$187,450

$220,783

18%

150

121

19%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

18

18

Sold

17

Pended 15

14.4

14 12 11

10.8

11

11

10

10

7

7.2 6

7

6 5 4

3.6

4

3 2 0

0 7/17

7

8/17

4

9/17

0

10/17

4

1

11/17

2

1

12/17

2

0

1/18

0

0

2/18

3

3/18

3

4/18

1

4

5/18

2

6/18

BRADFORD NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

17

25

47%

$216,055

$177,246

18%

135

225

67%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

30

Sold

27

26

Pended

25

24

23

23

20

19

19

23

19

18 16 14

12

6

5

4

0

2

7/17

1 2

8/17

2

4

3

2

2

2

2

1

4

9/17

10/17

11/17

12/17

4

1/18

1 1

2/18

4 2

3/18

6

5

3

4/18

5

5/18

3

6/18

GOSHEN NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

5

9

80%

$78,212

$192,222

146%

259

118

54%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

14

14

For Sale Sold

13

Pended 11

11.2

10

10 9

8.4

8

8

8

8

7 6

5.6

2.8 2

2

2

1

0

0

7/17

0

2

1 0

8/17

2

0

9/17

1

1

2

10/17

11/17

1

1

12/17

1/18

0

1

1

2

1

2

1

2/18

3/18

4/18

5/18

6/18

0

GRANTHAM NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

54

63

17%

$243,815

$234,788

4%

174

168

3%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

100

For Sale

98 94

Sold

91

Pended 80

80

74

71

68 59

60

60

58 51

50

40

20

18 12 8 9

0 7/17

10

8 15

8/17

14

9/17

8 7

10/17

10

8

17

15

8

3 5

11

5

8

6

11

12

17

11/17

12/17

1/18

2/18

3/18

4/18

5/18

6/18

NEW LONDON NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

51

46

9%

$352,725

$463,043

31%

129

194

50%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

70

For Sale

66

Sold Pended 58

56

56

54

47 44 41

42

46

44 41

37

36

28

14 11

10

7

6 10

0 7/17

13

8/17

8

9/17

14

12

11

6

10/17

7 10

11/17

3

12/17

6

4

1/18

4

3

2/18

7

6 7

3/18

11

4/18

4

5/18

7

6/18

NEWBURY NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

35

29

17%

$317,097

$312,510

1%

242

151

38%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

50

For Sale

48

Sold Pended

40

38 35 33 30

30

31

30

23 21

20

18 16 14

10

10 8

8

6

0 7/17

10

8/17

7 8

9/17

7 5

1 9

10/17

11/17

3

5

4 4

12/17

2 0

1/18

3

2/18

4

5

2 4

6

2

3/18

4/18

5/18

6/18

SPRINGFIELD NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

16

9

44%

$193,446

$138,333

29%

114

260

128%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

20

19

Sold

18

Pended 16

16

16 15

14 13

12

13

11 10 9

8

7 6

4

4

4

2

0

3

7/17

3

8/17

0

3

9/17

0

1

10/17

1

0

11/17

1

1

12/17

1

1

1/18

0

0

2/18

1

0

3/18

4/18

0

1

2

1

5/18

6/18

SUNAPEE NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

43

34

21%

$413,548

$496,702

20%

171

117

32%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

60

Sold Pended

51

50

48 44 41

40

38

36 28

27

26

24 19

12

14 9

8

7

0

22

20

6

8

7

12

7/17

8/17

9/17

9

10/17

9

11/17

2 7

12/17

8

6

4 2

1 2

1/18

2/18

3

3/18

6 4

4/18

6 10

5/18

5

6/18

SUTTON NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

21

22

5%

$242,176

$223,922

8%

145

162

12%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

40

Sold Pended

32

32

31

27 25

24

24 20

20

16 13

12

13

11

10

9

8

8 5 5

0 7/17

5 12

8/17

4

4

4

7

9

6

3

9/17

10/17

11/17

12/17

2

3

4

3

4

3

2

5

1

2

5

1/18

2/18

3/18

4/18

5/18

6/18

WARNER NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

22

24

9%

$221,750

$226,587

2%

202

95

53%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

18

17

17

Sold Pended 15

14.4

14 12

10.8

10 9

9

8

7.2 6

5 4

4

3.6

3

4

0 7/17

3

3

8/17

3

3

4

4

4

4

3

3

3

2

9/17

10/17

11/17

1

3

3

3

2

4

1

12/17

1/18

2/18

3/18

4/18

5

5/18

5

6/18

WILMOT NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

8

8

0%

$175,625

$237,925

36%

288

151

48%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

For Sale

30

Sold Pended

24 21 19

18

17

16 14

16

15

13

12

12

11

6

5

4

7/17

4

3 1

0

4

8/17

15

14

3

9/17

4

1 4

10/17

11/17

2 0

3

12/17

0

0

1/18

3

2 0

2/18

0

3/18

3

1 0

1

4/18

5/18

6/18

0

LAKE SUNAPEE AREA COMBINED Andover, Bradford, Goshen, Grantham, New London, Newbury, Springfirld, Sunapee, Sutton, Warner, Wilmot

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

290

287

1%

$282,556

$298,572

2%

169

161

5%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 7/01/2017 - 6/30/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JULY 2017 - JUNE 2018)

400

For Sale

387

380

Sold Pended

344 325

314

320 293 276 232

240

225 199

207

198

160

80

77 56

56

53 33

48

0 7/17

76

8/17

64

9/17

51

10/17

50

11/17

45

12/17

44

37

29

26

23

1/18

56

22

2/18

68

55

38

42

52

49

3/18

4/18

5/18

6/18

MLS#4701464 SUNAPEE, 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

FourSeasonsSIR.com Each Office is Independently Owned and Operated