Q1 2017 MARKET REPORT LAKE SUNAPEE
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
LAKE SUNAPEE REPORT
Total Sales in Units varied by market, up in some and down in others: - Newport -10.5%
- Sunapee +111.1%
- Grantham -14.3%
- Newbury +23.1%
Average Sale Price varied depending on specific towns:
$
- Sunapee -68.5%
- Newbury +8.3%
- New London -17.7%
- Sutton +57.5%
- Newport -35.5%
- Andover +79.2%
Average Days on Market varied widely by individual town: -N ewport, New London, Andover, Bradford and Sutton exhibited fewer days on market -S unapee, Goshen, Springfield, Warner, Wilmot and Newbury all increased. 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 | 14
TOTAL SALES IN UNITS Number of Sales
KEY
30
2017 Annual 2016 Annual -14.3%
22.5 -10.5%
19 15
+111.1%
19
0.0%
19
21
19
+23.1%
18
17
16 13 +14.3%
8 0.0%
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 5
2
bury
3
New
r
3
1
1
Wilm ot
7
Sutt on
3
1
1
gfiel d
ford Brad
Ando ver
n Lond o New
pee Suna
port
0
2
Sprin
3
+200.0%
+100.0%
tham
5
Gran
6
New
8
-40.0%
en
8
Gosh
9
7.5
-75.0%
Warn e
-25.0%
Source: NEREN 1/1/17-3/31/17
LAKE SUNAPEE REPORT
AVERAGE SALE PRICE Average Sale Price -68.5%
700,000
KEY 2017 Annual 2016 Annual
525,000
-17.7% +8.3%
+57.5%
350,000
+10.2%
-30.1% -26.9%
-1.1% +6.8%
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 6
300k
325k
ry New bu
253k
278k
t Wilm o
165k
176k
r Warn e
202k
319k
Sutt on
255k
178k
d gfiel Sprin
207k
204k
am Gran th
185k
135k
en Gosh
180k
174k
ford Brad
89k
160k
Ando ver
358k
295k
ndon New Lo
686k
216k
ee Suna p
New
111k
-35.5%
port
0
+79.2%
72k
175,000
-3.5%
Source: NEREN 1/1/17-3/31/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
400
-54.7%
2017 Annual
360
2016 Annual
300 +37.0%
200
186
+48.1%
226 225
163 142
354
194
189
184
360
267
+0.4%
252
-53.4%
-23.7%
+139.2%
-44.6%
-44.4%
252
+195.1%
140
+163.4%
131
100
148
148 +15.6%
122
108 88
89
77
41
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 7
bury New
t Wilm o
r Warn e
Sutt on
d gfiel Sprin
am Gran th
en Gosh
ford Brad
Ando ver
Lond on New
pee Suna
New
port
0
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