Q1 2017 Market Report - Champlain Valley

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