Q1 2017 MARKET REPORT SOUTHERN NEW HAMPSHIRE
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
SOUTHERN NEW HAMPSHIRE REPORT
Total Sales in Units decreased in most towns: - Bedford -14.9% - W indham -43.1%
- L ondonderry -36.1% - Merrimack -6.4%
Average Sale Price was up across all towns:
$
- Bedford +23.7% - Windham +9.9%
- Francestown +67.5% - Merrimack +6.4%
Average Days on Market varied widely by individual town: -B edford, Peterborough, Londonderry and Chester all increased -A mherst, Windham, Merrimack and Francestown all decreased
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 6
TOTAL SALES IN UNITS Number of Sales
KEY
100
-6.4%
2017 Annual
94
-36.1%
75
83
74 63
-43.1%
40 -45.8% 0.0%
24 -16.7%
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 | 2 7
k imac
gh orou Pete rb
Wind ham
rd Bedf o
Amh
erst
0
13
6
Merr
5
Ches ter
18
ry
18
nder
29
25
Lond o
42
53
51
+5.0%
Fran cest own
50
2016 Annual
-14.9%
88
Source: NEREN 1/1/17-3/31/17
SOUTHERN NEW HAMPSHIRE REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
+9.9%
500,000
+23.7%
2017 Annual 2016 Annual +15.9%
375,000 +12.8% +8.2%
+6.4%
+67.5%
250,000
+17.0%
233k
248k
299k
347k
268k
290k
145k
243k
170k
199k
448k
493k
371k
459k
285k
322k
125,000
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 | 2 8
k imac Merr
Ches ter
ry nder Lond o
Fran cest own
gh orou Pete rb
am Wind h
rd Bedf o
Amh
erst
0
Source: NEREN 1/1/17-3/31/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
400
2017 Annual 2016 Annual
-51.7%
300
302
200
+84.1% +3.6%
-33.0%
100
103
115
-26.9%
162
+88.7%
119
111
100
88
87
69
146
+39.1% -29.7%
96 69
53
64 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 | 2 9
k imac Merr
Ches ter
ry nder Lond o
Fran cest own
gh orou Pete rb
am Wind h
Bedf ord
Amh
erst
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