2018 First Half Market Report - Upper Valley

UPPER VALLEY

MARKET REPORT First Half 2018

PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Every home has a story all its own. It is written in the details, big and small, which make a house a home or a parcel of land the path to a dream realized. It is a remembrance of days gone by or a celebration of times to come. Telling these treasured tales is our specialty. We uncover and bring to life the characteristics which make a property exceptional and weave them into its own, unique story.

By combining outstanding photography with illustrative, and colorful details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways which truly resonate with and engage prospective buyers. It is with pleasure that we use our considerable expertise and resources to artfully unite special places with those who will cherish them.

MLS#4680550

MARKET OVERVIEW

FIRST HALF 2018

KNOWLEDGE IS POWER We are proud to share our Upper Valley Real Estate Market Report for the First Half of 2018. In this report, you will find year-over-year market trends for each of the major towns and areas within the Upper Valley. Our goal is to provide you with the most up-to-date information and empower you to make more informed decisions in regards to buying and selling real estate.

Overall, the Upper Valley real estate market was very strong during the First Half of 2018. Specifically, results year-over-year in Grafton County, New Hampshire are as follows: - unit sales are up +8.8% - sales volume is up +14.4% - median sales price is up +24.0% - average days on market are down -4.1% These are all signs of a strong market with rising sales prices primarily related to demand which outpaces available inventory. Relatively, Windsor County, Vermont is experiencing a slightly softer market, however, the pending sales volume is up +4.8% which indicates that this subset of the market could be picking up in the Second Half of the year.

The nation as a whole is experiencing a shortage of housing inventory and the Upper Valley is no exception where the impact is being felt in almost all price ranges. This is great news, though, if you’ve been thinking of selling. Right now may be just the perfect time to make the most of your real estate investment. That said, the importance of accurate and effective pricing cannot be overstated, especially here in the Upper Valley.

Four Season Sotheby’s International Realty is a leader in New Hampshire and Vermont real estate and has 20 offices throughout the two states. Here in the Upper Valley, we engage over 50 professional REALTORS who have in-depth knowledge of the market and the experience, skills, and support to serve our communities and clients at the highest levels. Whether you choose one of our REALTORS from the Hanover, West Lebanon, Fairlee, or Randolph offices, we are all committed to providing buyers and sellers with service which exceeds expectations.

It would be our privilege to serve as your trusted real estate advisor here in the Upper Valley and beyond.

Staige Davis - CEO Buff McLaughry - President Alan DiStasio - COO Lori Shipulski - Regional Manager for the Upper Valley Cover Property: MLS#4703775 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

BRADFORD AREA

(FOR THE TOWNS OF BRADFORD, CORINTH, TOPSHAM, NEWBURY AND VERSHIRE)

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

49

37

24%

$135,144

$167,611

24%

202

204

1%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

70

67 64

66

For Sale

64

Sold Pended

58

56 49

48

47 38

37

35

35

35

33

23

12

13 10

10

8

7 4

9

0

7/17

10

8/17

15

9/17

4

10

9

6

5

10/17

11/17

12/17

1/18

4

2/18

8

6

5

4 4

3/18

5

2

6

4/18

5/18

7

6/18

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 for the towns of Bradford, Corinth, Topsham, Newbury and Vershire

CANAAN NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

29

29

0%

$151,756

$154,650

2%

184

146

21%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

60 For Sale

53

52 50

50

53

Sold

51

Pended

48

41

40

40

31

31

30

30

28

20

10

3

0 7/17

7

5

8/17

7

6

5 3

9/17

3

7

10/17

3

11/17

4

3

12/17

6 4

4

3

1/18

3

2/18

4 11

3/18

2

3

4/18

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

5

4

5/18

2 6/18

ENFIELD NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

28

43

54%

$182,407

$250,612

37%

152

133

13%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

70 For Sale

62

Sold

58

Pended

56 51

49 46

44

42

41

39

38

29

46

28

28

14

12 9

7 3

0

7/17

7

6 14

8/17

7

9/17

6 8

10/17

7

11/17

7

6

4 1

12/17

5

1/18

7 31

4

2/18

3/18

10

9

9

4/18

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

12

5/18

7

6/18

FAIRLEE AND WEST FAIRLEE VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

10

11

10%

$226,675

$228,841

1%

106

267

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

152%

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

18 17

17 16

16

For Sale Sold

15

Pended

14 13

13 12

12

12

12

10 9

9

6 5

3

3 2

2

2

2

1

1 3

0 7/17

3

2

8/17

1

9/17

2

10/17

3

11/17

0

12/17

3

1

1/18

1 2

2/18

2

3/18

1

4/18

0

5/18

3

1

6/18

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 for the towns of Fairlee and West Fairlee

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

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

100

98 94

For Sale

91

Sold

83

Pended

80 74

71

68

67 59

60

58 51

50

50

33

18

17 12 8 9

0

7/17

15

8/17

10

8 14

9/17

8 7

10/17

3 5

11/17

10

8 11

12/17

5

1/18

8 8

2/18

17

15

6

3/18

11

4/18

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

12

5/18

17

6/18

HANOVER NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

50

57

14%

$ 612,470

$608,268

1%

115

90

22%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

50 For Sale Sold

44

Pended

41

40

40

39

33

32

33

33 31

30 27

27 24

20 16

15

11

10 8 6

5 15

0

7/17

15

8/17

4 7

9/17

8

7

6

11

8

10/17

1 11

8

11/17

12/17

4

1/18

3

2/18

2

3/18

13

4/18

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

14

5/18

15

6/18

HARTFORD VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

125

123

2%

$204,862

$220,792

8%

183

161

12%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

160 For Sale 141

137

Sold

136

Pended

128

120

115

111 104

101

105

100

96

93

91

64

33

32 25

24 18 24

0

7/17

30

8/17

20

16 20

9/17

15

10/17

7

20

11/17

9

12

12/17

8

1/18

22

21

10

2/18

14

3/18

28

26

24

4/18

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

25

5/18

33

6/18

HARTLAND VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

25

14

44%

$270,112

$225,000

17%

147

223

52%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

40

39 37

36

35

For Sale

36

37

Sold Pended

32

32

33 30

29 25

24

23

16

8

7

6 3

2

3

0

7/17

8/17

3 7

2

5

9/17

10/17

4

3 3

1 3

2

11/17

12/17

0

1/18

0

2/18

1

2

1 2

3/18

4/18

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

1

3

5/18

5

6/18

LEBANON NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

99

98

1%

$242,880

$268,703

11%

75

85

13%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

70 For Sale

64

62

Sold

61

Pended

57

56 48

47

46

45

42 36

34

35

32

28

20

20

18

20

18

17

16

14 11

10

27

0

7/17

28

8/17

26

25

24

15

9/17

14

10/17

12

11/17

38

12/17

17

1/18

18

2/18

15

3/18

13

4/18

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

18

5/18

25

6/18

LYME NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

6

10

67%

$393,433

$643,000

63%

116

179

54%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

30 For Sale Sold Pended

25

24

23

20

20

20 19 16 15

15

14 12

12 11 10

10

5 3

3

3

3

2 1

2

0 7/17

8/17

1 3

9/17

1 10/17

3

2 4

11/17

0

12/17

1

0

1/18

0

2

00 2/18

3

3/18

2

4/18

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

2 2

5/18

3

6/18

NORWICH VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

34

26

24%

$519,848

$643,169

24%

161

96

40%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

20

20

19

19

19

18

20

20

For Sale

18

Sold

17

Pended

16

15

12

11 10

8

8 7 5

4

5

4 3 2 1

0

7/17

5

3

8/17

2 0

9/17

1

2

2

10/17

11/17

1

2

12/17

0

1/18

3

00 2/18

1

3/18

7

4/18

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

2

5/18

11

6/18

PLAINFIELD AND CORNISH NEW HAMPSHIRE

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

31

19

39%

$216,004

$227,705

5%

148

425

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

187%

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

40 For Sale

35

Sold

33

Pended

32

27

25

25

24 20

20

22

21

20 17

17

15

13 9

7

6 2

0 7/17

3 4

6

8/17

4

3 7

9/17

6

5

2

10/17

6

11/17

0

12/17

1 2

2

1/18

1 2

2

2/18

3/18

2

4/18

5/18

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 for the towns of Plainfield and Cornish

3

6/18

0

5

RANDOLPH VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

27

31

15%

$176,311

$213,738

21%

150

229

53%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

For Sale

50 47

48

Sold

46

47

Pended

44 42

42

40

40

33

40

40

32 30

25

17

9

8 6 4

0

2

13

7/17

8/17

2

4

3 4

3

9/17

10/17

2

5

11/17

1

12/17

6

5

4

3

1

1 4

8

1/18

2/18

3/18

3

4/18

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

4

5/18

7

6/18

THETFORD AREA VERMONT

(FOR THE TOWNS OF THETFORD, SHARON AND STRAFFORD)

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

40

25

36%

$248,620

$232,936

6%

148

186

26%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

50

For Sale

46

Sold

43

Pended

43

43

42 37 35

33

32

25

25

24

25

23

22

17

8

8 5

4

0 7/17

5

5 3

8

10

8/17

8

7

4

9/17

7

10/17

4

11/17

2

12/17

3 3

2

3

1/18

2/18

3 3

1

4

3/18

4/18

4

5/18

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 for the towns of Thetford, Sharon and Strafford.

5

6/18

WEATHERSFIELD VERMONT

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

21

21

0%

$141,095

$207,547

47%

119

406

241%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

50 For Sale Sold Pended

41

40

39

38

35

34

33

30

35

29 26

27

26

25

20

10 6

5

4

3 3

0

7/17

6

8/17

4

9/17

5

10/17

7

6

5

4 6

11/17

2

12/17

0

1/18

3

1 4

2/18

1 1

3/18

2

4/18

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

2

5/18

4

5

6/18

WOODSTOCK AREA

(FOR THE TOWNS OF WOODSTOCK, BARNARD, POMFRET AND BRIDGEWATER)

FIRST HALF 2017

FIRST HALF 2018

% CHANGE

77

47

39%

$448,473

$568,636

27%

243

230

5%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

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

160 150 142

143

142

For Sale

143

Sold

134

133

133

Pended

132

117 111

107

102

101

80

53

27 17

15 9

0 7/17

9

10 9

8/17

10

9/17

7

10/17

11 14

10

11/17

7

5 8

12/17

1/18

9

6

2/18

8

7

3/18

6

8

4 7

4/18

5/18

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 for the towns of Woodstock, Barnard, Pomfret and Bridgewater

8

7

6/18

MLS#4707599

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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