2018 First Half Market Report - Lakes Region of New Hampshire

THE LAKES 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#4683183

MARKET OVERVIEW

FIRST HALF 2018

KNOWLEDGE IS POWER We are proud to share our First Half 2018 Market Report for the Lakes Region of New Hampshire 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.

Overall, the real estate market activity is beginning to pick up again in late Q2 2018 as we head into the key Summer selling season. Less available inventory has caused a decrease in unit sales and overall volume in many towns and continues to be a major challenge. Belknap County closed sales in units decreased -8.3% and total sales volume decreased by -9.3%, however, the Median Sale Price increased +10.6% and the Average Days on Market decreased 21.5%. For Carroll County, total closed sales in units decreased -2.7%, with total sales volume increasing by +3.2%, while the Median Sales Price increased by +8.1% and Average Days on Market decreased by -15.2%. Now is a great time to sell if you are considering listing your home!

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 Lakes Region real estate market. Our agents are engrained in the communities we serve and are 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 Lakes Region of New Hampshire.

Alan DiStasio - Partner and Chief Operating Officer Cover Property: MLS# 4694678 | Gilford 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

ALTON NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

64

67

5%

$330,095

$357,918

8%

132

116

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

100

Sold

92

91

Pended 83

80

74 68 60

60

59 51

51

39

40 32

20

18

19

16

14

12

11

8 13

0 7/17

23

8/17

11

9/17

32

9

10/17

19

11/17

5

12/17

9

5

1/18

5

10 7

2/18

19

4 5

3/18

7

4/18

10

5/18

19

6/18

CENTER HARBOR NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

11

8

11%

$387,227

$675,312

74%

178

41

77%

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)

10

10

For Sale Sold Pended 8

8

8

8 7

6

6

6 5 4

4 3

2

7

5

4

4

3

2

2 1 0

0 7/17

1 2

8/17

2

9/17

4

10/17

0

11/17

2

1 2

12/17

1 0

1/18

2

0

2/18

1

3/18

2

4/18

2

5/18

0

3

6/18

GILFORD NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

123

101

18%

$255,282

$276,065

8%

136

177

30%

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

140

Sold Pended

123

119

115

111

112

102 95 88

87

82

84

71

70 63

56

33

28

31

26

23

18 31

0 7/17

25

8/17

34

9/17

27

10/17

15

11/17

7

12/17

16

11

1/18

18

16

14

11

6

2/18

17

3/18

20

4/18

25

20

21

5/18

15

6/18

GILMANTON NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

49

47

4%

$200,214

$180,444

10%

107

141

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

50

Sold Pended 41

40

37

37 32

30

28 26 24

24 21

20

20

20

15 14 12

10

9

10

9

7

6

5

4 11

0 7/17

12

8/17

7

9/17

10

10/17

8

11/17

1 5

12/17

3

1/18

2 3

2/18

4 6

3/18

4

4/18

5

5/18

13

6/18

LACONIA NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

218

220

1%

$245,144

$219,832

10%

120

88

27%

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

200

192

Sold

191

Pended 162

160

158 145

143 132

128 119

117

120

105 94

80

54

54

49

52

40 29

44

7/17

48

8/17

53

9/17

51

10/17

32

11/17

23

12/17

43

38

23

20

19

0

38

35

18

1/18

18

2/18

27

3/18

45

4/18

40

5/18

41

6/18

MEREDITH NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

71

69

3%

$443,804

$353,015

20%

95

66

30%

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 Sold

90

Pended

84

79 74

72

74

70

67

54

52

52

41

41

38

36

36

18

23

20

21 17

14 10 10

0 7/17

13

8/17

17

9/17

5

24

10/17

9 5

11/17

4

8

12/17

8 5

1/18

8 5

2/18

7 11

3/18

8

4/18

9

5/18

15

6/18

MOULTONBOROUGH NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

96

72

25%

$483,606

$537,980

11%

140

126

10%

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

110

Sold 101

Pended

98 93

88

82

81 75

66

63

61 55

63

54 46

44 31 26

22

21

23

20 16

14 10

0

15

7/17

21

8/17

21

9/17

20

10/17

9 19

11/17

4 21

12/17

8 6

1/18

3

2/18

4 7

6

18

15

3/18

4/18

5/18

6/18

WOLFEBORO NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

80

97

21%

$281,999

$375,854

33%

137

171

25%

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

120

Sold

111

Pended

105

103

101

96

91

72

70

68

64

62

59 49

48

24

41

24

22

21 16

13 20

0 7/17

29

8/17

9 20

9/17

18

4 8

5 6

10/17

11/17

12/17

7

16

18

14

5

8

8

18

22

16

1/18

2/18

3/18

4/18

5/18

6/18

LAKES REGION NEW HAMPSHIRE (TOWNS COMBINED)

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

734

689

6%

$315,679

$312,573

1%

126

122

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)

For Sale

800 741

Sold

725

Pended

680

640

615

591 536

528

480

452

443 373

395

372

320

191

168

160

148 118 66

144

0 7/17

173

8/17

165

9/17

163

10/17

108

11/17

47

12/17

53

1/18

50

2/18

144

98

75 90

146

131

104

82

3/18

110

4/18

127

5/18

137

6/18

MLS#4696906

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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