First Half 2018 Market Report - Southern Vermont Region

THE SOUTHERN VERMONT 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#4690721

MARKET OVERVIEW

FIRST HALF 2018

KNOWLEDGE IS POWER We are proud to share our First Half 2018 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 that you can make the most informed decisions as you evaluate your real estate options.

Overall, the real estate market results varied by specific county and town for First Half 2018 in the Southern Vermont Region. Specifically, Bennington County properties sold increased +2.8.%, while the average sale price increased +6.2% and the average days on market decreased -11.1%. For Windham County properties sold increased +4.9%, average sale price increased +1.1%, while the average days on market decreased -4.2%. Windsor County total properties sold decreased - 4.1%, however, the average sale price increased + 5.5%. Overall, now is a very good 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 Second Half 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 Southern Vermont Region real estate market with over 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 - CEO Buff McLaughry - President Alan DiStasio - COO Carol O’Connor - Regional Manager Southern Vermont Cover Photo: MLS#4497286 Source: (Data) NNEREN 1/1/17 - 6/30/17 and 1/1/18 - 6/30/18

ARLINGTON VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

19

21

11%

$171,511

$170,185

.8%

257

308

20%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

50

Pended

43 41

40

38 36 31

31 29

30

31

29

28

24

23

20

10 7 5

0

2 1

7/17

1 2

8/17

0

9/17

3

6

10/17

3

2

11/17

3

6

12/17

3

1/18

1 0

2/18

3

4 5

3/18

5

4 2

4/18

3

6

5/18

6/18

BENNINGTON VERMONT

FIRST HALF 2017

FIRST HALF 2018

67

63

6%

$175,729

$145,500

17%

243

137

44%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

% CHANGE

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 (JUL. 2017 - JUN. 2018)

For Sale Sold Pended

120 110

107

105

102

107

111

107

105 99

100

97

110

97

95

90 80 70 60 50 40 30 22

20 10 0

11

10 17

7/17

19

14 20

8/17

5

9/17

5 12

10/17

7

9 10

11/17

5

12/17

6

1/18

10

7

8 6

2/18

4

3/18

6

7

4/18

11

10

5/18

6/18

CAVENDISH VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

17

19

12%

$153,794

$167,615

9%

472

465

2%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

40 35

36

35

36

36

35

32

Pended

35

32

30

28

27

28 25

25 20 15 10 5

5 2

0

7/17

2

7

6

2

8/17

3

1 3

1 5

9/17

10/17

11/17

2

1

12/17

2

1/18

3 1

3 2

2

2/18

3/18

3

4/18

0

5

5/18

0

2

6/18

CHESTER VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

22

22

0%

$196,590

$206,075

5%

222

184

17%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

70 65 60

Pended

61 58 54

55

54

52

51

50

47

45

45 40

38

39

37 34

35 30 25 20 15 10 7

5 0

1 4

7/17

5 7

8/17

5

9/17

4

7

10/17

4

3

1 5

11/17

12/17

4

1/18

2

4

0

2/18

3

5 5

3/18

7

5 4

4/18

4

5

5/18

6/18

DORSET VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

23

22

4%

$439,459

$484,918

10%

300

346

15%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

80

Pended 74

73

71

70

68 65 59

60

55 52 49

50

48

50

48

40 30

20 10 5

0

7/17

4

3

8/17

4

4

9/17

3

4

10/17

4

5

11/17

4

2 2

12/17

1

1/18

5

4

2/18

4

4

3/18

5

2 0

4/18

4

2

5/18

2 4

6/18

DOVER VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

70

95

36%

$238,502

$213,166

11%

292

209

28%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

300

Pended

270 240 210

212

211

203

212 197

197

195

189

189

178

180

197

186

150 120 90 60 30 0

10 12

7/17

12 11

8/17

11 18

9/17

17

12

10/17

11 15

11/17

16

15

12/17

17

1/18

12

15

20 15

2/18

12

3/18

12 15

4/18

16

18

5/18

11 17

6/18

LONDONDERRY VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

22

22

0%

$261,618

$420,636

61%

260

201

23%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

60

Pended

53

52

50 46 43

40

38

37 34

37

36

35

36

31

30

20

10 5

0

2

7/17

9

7

5 6

8/17

6

5

6

5

5

1 3

5

9/17

10/17

11/17

12/17

6

1/18

4

2 3

1 3

2/18

3/18

1 2

4/18

3

4

5/18

6/18

LUDLOW VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

66

93

41%

$286,986

$353,014

23%

346

385

11%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

300 275

Pended 268

264

266

260

258

255

250

253

243

241

233

230

221

225 200 175 150 125 100 75 50 25 0

5 6

7/17

13

8/17

8

14

9/17

11

15

14

10/17

14

21 13

11/17

9 21

12/17

9 6

1/18

4

2/18

16

23 15

3/18

26

4/18

15

13

5/18

5 18

6/18

MANCHESTER VERMONT

FIRST HALF 2017

FIRST HALF 2018

50

53

6%

$355,817

$383,967

8%

308

250

19%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

% CHANGE

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

120 110

Pended 105

105

104

103

100

99

95 89

90

86

86

84

83

81

80 70 60 50 40 30 20 10 0

10

8 6

7/17

9 5

8/17

9

9/17

15

13 4 10

10/17

5 6

11/17

6

4

12/17

5 9

1/18

6

3

2/18

14

9 8

3/18

7

4/18

7

12

5/18

6/18

MARLBORO VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

4

6

50%

$193,750

$146,000

25%

170

223

31%

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 (JUL. 2017 - JUN. 2018)

For Sale

9 8

9

Sold

8

8

9

Pended

8

7 6

6

6

6

5

5

5

5

5

4 3 2

2

2

1 0

1

1

1

0

2

1

0

7/17

8/17

9/17

10/17

0

0

1

11/17

0

0

12/17

0

1

1/18

0

0

2/18

0

0

3/18

0

4/18

0

5/18

0

2

6/18

PERU VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

14

17

21%

$242,171

$280,599

16%

206

246

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 (JUL. 2017 - JUN. 2018)

For Sale

40

Sold

39 37

Pended

37

36

35

34

33

32

32

30

29

30

28

27

24

23

20 16 12 8 5

4 2

0

7/17

1

1 0

8/17

1 1

9/17

2

2

10/17

0

1

11/17

0

1

12/17

2

1/18

4

3 1

1

1

2/18

3/18

4 3

4/18

5

5/18

2

5

6/18

PLYMOUTH VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

14

18

29%

$215,714

$217,833

1%

318

296

7%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

70 65 60

Pended

64

62 59

58 55

55

54

52

51

50

47

48

47

46

45 40 35 30 25 20 15 10 5 0

3

7/17

0

2 3

8/17

3

5 2

4

3 1

9/17

10/17

11/17

5 4

12/17

1 5

1/18

1 0

2/18

4

2

3/18

1 4

4/18

3

2

5/18

3

3

6/18

SHAFTSBURY VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

16

20

25%

$211,556

$218,981

4%

169

303

79%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

40

Pended

36

35

34

33

32

33

31

30

29

28

28

27

30

28

27

24 20 16 12 8 4 0

5 3 7

7/17

0

9

8/17

3

5

4

3

5

1

1 3

2

9/17

10/17

11/17

12/17

1

1/18

4

3 2

5

2/18

3/18

4 4

4/18

4 7

1

5/18

6/18

SHREWSBURY VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

4

5

25%

$239,475

$281,500

18%

58

345

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

495%

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 (JUL. 2017 - JUN. 2018)

16

16

For Sale

15

Sold Pended

14

14 13

13

13

14

13 12

12

12 11

11

10 8 6 4 3

2

2

2 1

0

0

7/17

1

1

1

1

1

0

1

1

8/17

9/17

10/17

11/17

0

2

12/17

0

0

1/18

0

1

2/18

3/18

0

1 0

4/18

0

2

5/18

6/18

STRATTON VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

27

33

22%

$417,729

$417,389

.1%

246

267

9%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

100

Pended

92

90

89

87

87

87

80

78

77

76

76 72

70

70

66

60 50 40 30 20 10 0

2 3

7/17

3

8/17

11

9

8

5

9/17

6

6

10/17

8 6

11/17

16

12/17

4 5

1/18

6

8 6

2/18

3 3

3/18

3 5

4/18

8 11

9

5/18

6/18

SUNDERLAND VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

5

7

29%

$197,180

$113,700

42%

301

397

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

16

15

Pended

14 13

13

13

12

12

12

12

11

10

10

10 9

9

8 6 4

4

2

2

2

1

0

1 1

7/17

4

1

3

3

8/17

9/17

1

1

0

10/17

11/17

0

0

1

12/17

0

1/18

0

2

2/18

3/18

0

0

0

4/18

1

0

5/18

6/18

WARDSBORO VERMONT

FIRST HALF 2017

FIRST HALF 2018

13

12

8%

$132,711

$134,833

2%

217

198

9%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

% CHANGE

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

40 35

Pended

34

33

32

31

30

29

29

28

27

25

25

23

24

23

20 15 10 5

0

1 1

7/17

5

4

3 2

8/17

2

3

1

3

5

1 5

9/17

10/17

11/17

12/17

1 0

1/18

3

3

2

1

2/18

3/18

0

3

4/18

3

5/18

2

0

6/18

WEATHERSFIELD VERMONT

FIRST HALF 2017

FIRST HALF 2018

21

21

0%

$141,095

$207,547

47%

119

406

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

% CHANGE

241%

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 (JUL. 2017 - JUN. 2018)

50

For Sale

45

Pended

Sold

41

40

39

38

35

35

34

33

35

29

30

26

25

27

26

25

20 15 10 5 3

0

6

5

7/17

3

4 6

8/17

7

6

5

4

4

5

6

2

9/17

10/17

11/17

12/17

0

1/18

3

1 4

1 1

2/18

3/18

2

4/18

2 4

5

5/18

6/18

WESTON VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

5

9

80%

$777,000

$225,563

71%

290

169

42%

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 (JUL. 2017 - JUN. 2018)

For Sale

30

Sold

27 24

24 21

Pended

27

25

24

23

22

21

22 20

19

19

19

18 15 12 9 6 3 0

1 0

7/17

3

2 0

8/17

3

1

1 4

1 0

9/17

10/17

11/17

12/17

0

1 0

1/18

2 1

1

2/18

3/18

0

3

2 1

4/18

2

1 3

5/18

6/18

WILMINGTON VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

45

33

27%

$292,045

$239,616

18%

185

186

.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 (JUL. 2017 - JUN. 2018)

For Sale

140 130

Sold Pended

125

124

119

120

119

110

104

103

102

100

97

97

94

88

90

87

80 70 60 50 40 30 20 13

10 0

4 5

7/17

4

8/17

6

9/17

9

8

10 12

10/17

10 7

11/17

1

10

12/17

4

1/18

3 4

2/18

5 10

3/18

5 1

4/18

5 8

5/18

7

4

6/18

WINHALL VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

25

30

20%

$383,420

$330,008

14%

320

244

24%

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 (JUL. 2017 - JUN. 2018)

For Sale Sold

120 110

111

Pended

112

109

106

104 98

100

103

99

95

91

90

90

86

80 70 60 50 40 30 20 10 0

5 2

7/17

11

9 5

8/17

5 5

9/17

5 8

10/17

8 7

3 7

11/17

12/17

2 5

1/18

3

2/18

5 5

3/18

5 2

4/18

5 3

5 10

5/18

6/18

MLS#4703357

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