Q1 2017 MARKET REPORT
CHAMPLAIN VALLEY
Knowledge is Power We are proud to share with you our Vermont and New Hampshire Q1 2017 Market Report. Our focus is to ensure that our clients (whether selling or purchasing real estate) have comprehensive information in order to make informed decisions. Ultimately, your success is ours.
I
n our first quarter report, you will find year over year market trends. Any one of our Associates can produce a customized report by price, region, and across multiple town upon request. The Market is strong, but we are experiencing a shortage of inventory in some price ranges.
I remember my first mortgage was 18.5%. The slight increase we have experienced since the historic lows of the last few years is minor. We hope you find our Q1 Market Report for 2017 helpful as you evaluate your real estate options. At Four Seasons Sotheby’s International Realty, we are committed to providing the highest level of service and expertise to buyers and sellers alike at all price points. You can find us on the web at www.FourSeasonsSIR.com or download our terrific app (Real Estate VT NH). Sixty percent of real estate web traffic is now viewed on a mobile platform. It will be our privilege to serve you.
Staige Davis, CEO
MLS#4622913
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 2
CHAMPLAIN VALLEY REPORT
Total Sales in Units decreased in many markets:
- S. Burlington -3.8%
- Shelburne -60.9%
- Burlington -23.8%
- Hinesburg -11.1%
- Winooski -35.3%
- Vergennes -33.3%
However, Average Sale Price increased significantly in most of those towns:
$
- S. Burlington +2.2%
- Hinesburg +8.0%
- Burlington +17.7%
- Vergennes +28.5%
- Shelburne +11.0%
- Middlebury +24.5%
Average Days on Market varied widely by individual town: -S . Burlington, Colchester and Middlebury increased by 27.5%, 55.6% and 140.7% respectively -B urlington, Winooski, Charlotte, Essex, Shelburne, Williston and Vergennes decreased by 35.5%, 50.0%, 17.2%, 7.8%, 63.1%, 18.5% and 48.3% respectively
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 1 0
TOTAL SALES IN UNITS Number of Sales
KEY
70
-23.8%
2017 Annual
63
-3.8%
52.5 50
2016 Annual
-1.9%
52
51 52 48
-2.4% 40
41
35
+11.1%
4
ry lebu Midd
h Ferri sbur g
Willis ton
Shel
burn
e
d mon Rich
Hine sbur g
Esse x
este r Colc h
Char lotte
Wino oski
n ngto Burli
lingt on
0
So. B ur
+100.0% -100.0% -50.0% -33.3% 2 2
00
2 2
11
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 1 1
2 2
2 2
3
1 8 1
13
-33.3%
10
6
9 6
Verg enne s
7
n
9
8
Have
6
-83.3%
New
9
11
Shor eham
8
11
port
8
+30.0%
-36.4%
-11.1% -25.0%
12
Brid
+50.0%
23
Walt ham
11
23
Addi son
17
+109.1%
27
o
-35.3%
17.5
30
Jeric h
-60.9%
Source: NEREN 1/1/17-3/31/17
CHAMPLAIN VALLEY REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
-78.3%
1,000,000
2017 Annual 2016 Annual 750,000 +11.0%
500,000
-2.6%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 1 2
164k 128k
Verg enne s
353k 230k
ho Jeric
Have
n
155k 214k
+28.5%
New
217k 1m
Addi son
270k 217k
bury Midd le
319k 325k
h burg Ferri s
349k 323k
n Willis to
563k 507k
e burn Shel
224k 267k
Rich mon d
238k 220k
Hine sbur g
255k 276k
Esse x
298k 299k
este r Colc h
404k 414k
lotte Char
222k 250k
Wino oski
374k 318k
ngto n Burli
319k 312k
So. B ur
lingt on
0
+97.5% -46.5% -27.6%
123k 230k
-100%
250,000
Shor eham
+24.5%
-16.1%
239k 121k
+8.0%
rt
-7.6%
0k 200k
-11.2%
+53.0%
-1.8%
m
+0.4%
Brid po
+7.9%
+2.2%
Walt ha
+17.7%
Source: NEREN 1/1/17-3/31/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
400
2017 Annual
+226.0%
2016 Annual
339
-39.4%
300
279
-30.3% -17.2%
200
-63.1%
186 154
+27.5%
49
-18.5%
+8.0% -7.8%
81
78
76
69
+55.6% 126
-35.5% -50.0%
88
179
71
77
0.0%
122
169
-77.0% -100.0%
196
-48.3%
+140.7% 158
145
142
109
101
151
-3.6%
-66.1%
124
113
104
108 112
83 83
78
66
59
39
37
45
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
FO U R S E A S O N S S OT H E B Y ’S I N T E R N AT I O N A L R E A LT Y | Q 1 2 0 1 7 M A R K E T R E P O R T | 1 3
nnes Verg e
Jeric ho
n Have New
Shor eham
Brid po
Addi son
ry lebu Midd
h burg Ferri s
n Willis to
urne Shel b
mon d Rich
Hine sbur g
Esse x
este r Colc h
lotte Char
Wino oski
ngto n Burli
lingt on So. B ur
rt
0
0
Walt ham
100
208
Source: NEREN 1/1/17-3/31/17
VERMONT & NEW HAMPSHIRE OFFICE LOCATIONS
NORTH EAST KINGDOM
CHAMPLAIN VALLEY REGION
South Burlington 802.864.0541
GREAT NORTH WOODS REGION
Stowe 802.253.7267 St. Johnsbury 802.751.7582
Vergennes 802.877.3232
Randolph 802.565.8136
Middlebury 802.388.1000 CENTRAL VERMONT REGION
Rutland 802.774.7007
UPPER VALLEY REGION
Fairlee 802.333.4701
Manchester 802.362.4551
Mount Snow 802.464.1200
Hanover - Main St. 603.643.6400 Hanover - Lebanon St. 603.643.6070 West Lebanon 603.298.5155
Okemo 802.228.4537
Bromley 802.824.3113 SOUTHERN VERMONT REGION
WHITE MOUNTAIN REGION
New London 603.526.4050
Meredith 603.677.7012
UPPER VALLEY REGION
Wolfeboro 603.941.1000
LAKES REGION
LAKE SUNAPEE REGION
Stratton 802.297.1100
MERRIMACK VALLEY REGION MONADNOCK REGION
SEACOAST REGION
Bedford 603.413.7600