Q1 2017 MARKET REPORT SOUTHERN VERMONT
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 VERMONT REPORT
Total Sales in Units increased in most towns with the following showing significant gains: -D orset, Wilmington, Marlboro, Londonderry, and Stratton exhibited substantial increases by +28.6%, +43.8%, +100.0, +85.7% and +116.7% respectively -M anchester, Dover, Winhall and Ludlow all decreased by -14.3%, -3.4%, -7.7% and -35.3% respectively
Average Sale Price varied by towns:
$
-D orset, Manchester, Wilmington, Londonderry and Cavendish showed significant increases of +15.3%, +4.1%, +11.4%, +88.7% and +20.2% respectively -D over, Stratton and Ludlow showed significant declines of -30.0%, -40.0% and -20.6% respectively
Average Days on Market varied widely by individual town: -D orset, Manchester, Wardsboro, Londonderry, Weathersfield, Shrewsbury, Peru and Chester exhibited decreases of -5.2%, -27.6%, -38.2%, -15.9%, -68.3%, -100.0%, -50.6% and -31.4% respectively -W ilmington, Dover, Marlboro, Winhall, Stratton, Ludlow, Plymouth and Cavendish exhibited increases of +17.1%, +49.2%, +129.2%, +17.4%, +22.4%, +54.0% and +94.0% 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 | 3 0
TOTAL SALES IN UNITS
Number of Sales
KEY
40
2017 Annual 2016 Annual
-3.4%
30 +43.8%
29
23
22
18
+85.7%
16
+50.0%
+100.0%
13
+100.0% +20.0%
6
6
6
6
4
11
9
-100.0% 6
5
4
3
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 | 3 1
Peru
Shre wsbu ry
h ndis
ow Ludl
Stra tton
ll Winh a
nder ry
00
ro
13
11
0.0% 8
7
Lond o
Marl
Dove r
gton Wilm in
Man
ches ter
0
boro
2
t
13
9 7
Dors e
12
+44.4% +266.7%
rsfie ld
9
13
+116.7%
Wea the
+28.6%
Ward sbo
10
-7.7%
Ches ter
21
Cave
20
34
Plym outh
-14.3%
28
-35.3%
Source: NEREN 1/1/17-3/31/17
SOUTHERN VERMONT REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
700,000
-40.0%
2017 Annual 2016 Annual 525,000
+88.7%
+4.1%
350,000
-20.6%
-0.7%
+15.3% +11.4%
-55.2%
-30.0%
-48.7% +20.2% +20.0%
175,000
-3.2%
-15.4%
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 | 3 2
214k
207k
Ches ter
228k
231k
Peru
106k
0
y Shre wsbu r
286k
Wea thers field
147k
205k
246k
h ndis Cave
344k
154k
uth Plym o
406k
323k
Ludl ow
649k
389k
Stra tton
394k
391k
Winh all
190k
359k
nder ry Lond o
145k
123k
ro Ward sbo
140k
168k
ro Marl bo
300k
210k
Dove r
248k
276k
gton Wilm in
324k
338k
este r
Dors e
Man ch
321k
370k
-100.0%
t
0
+1.1%
Source: NEREN 1/1/17-3/31/17
AVERAGE DAYS ON MARKET KEY
500
Average Days on Market
2017 Annual
-38.2%
+94.0% +54.0%
458
375
2016 Annual
-5.2%
+17.4% 378
368 349
+22.4%
-27.6%
+49.2%
301
250
205 175
-68.3%
-50.6%
429
429
428
361 322
288
283
-15.9%
+17.1% 218
456
-31.4%
295
278
261
251
235
211
193
212
+14.6%
-100.0%
149
125
137
136
130
179
+129.2% 55
Ches ter
Wea the
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 | 3 3
Peru
rsfie ld
h ndis Cave
outh Plym
Ludl ow
tton Stra
ll Winh a
nder ry Lond o
Ward sbor o
boro Marl
Dove r
gton Wilm in
Man
ches ter
t Dors e
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
Shre wsbu ry
00
24
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