FIRST HALF 2017 MARKET REPORT
Knowledge is Power
W
e are proud to share our First Half 2017 Market Report for the Vermont and New Hampshire real estate markets. In this report you will find year over year market trends by Region/Town in order to provide you with the most updated information so you can make informed decisions
as you evaluate your real estate options. To keep you better informed, we have recently launched a new Mobile App which will result in more traffic to your listings. You can download our new App at http://app.sir.com/sir/. Additionally, we will be rolling out a new program in the Fall that will allow our Agents to provide you with monthly market information on a local level via a Neighborhood News newsletter which will provide dynamic market conditions so you always have the most updated information. Overall, the market remains strong, however, we are experiencing a shortage of inventory in many price points in many of our regions and towns. Mortgage rates are increasing modestly, but are still at relatively historic lows. As long as the economy continues to grow, we see the current trends continuing into the second half of 2017. We are committed to providing you with the highest level of service and expertise to buyers and sellers at all price points. It would be our privilege to serve you.
Staige Davis, CEO MLS#4647843
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2
TABLE OF CONTENTS 1 Market Overview 2 Central Vermont Rutland County Washington County Lamoille County 3 Champlain Valley Chittenden County Addison County
ON THE COVER: MLS#4507633
4 Lake Sunapee Region Merrimack County Sullivan County 5 Lake Winnipesaukee Region Belknap County Carroll County 6 Northeast Kingdom Caledonia County Orleans County 7 Southern New Hampshire Hillsborough County Rockingham County 8 Southern Vermont Bennington County Windham County Windsor County Rutland County 9 Upper Valley Grafton County Orange County Windsor County Sullivan County 10 Luxury Market $600K+ $1 Million+
MLS#4644500
MLS#4644546
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3
MARKET OVERVIEW Vermont The Vermont market is the tale of two trends. The moderately priced market is very active and considered a Seller's Market. Inventories have shrunk and we are seeing some multiple offers. The higher end or Luxury Market is showing signs of improving but would still be considered more of a buyers’ market. Overall, new listings were down 6.0 percent for single-family homes and 9.1 percent for townhouse-condo properties. Pending Sales increased 9.4 percent for single-family homes and 12.5 percent for townhouse-condo properties.
The Median Sales Price was up 5.7 percent to $222,000 for single-family homes but decreased 4.0 percent to $192,000 for townhouse-condo properties. The general consensus is that First Half 2017 has been a good start to the year for residential real estate sales. As long as the economy continues to grow, we are optimistic this trend will continue into throughout the second half of the year.
MLS#4622616
New Hampshire New Hampshire's housing market finished First Half 2017 posting a 2.6% decrease in Single Family homes sold with a 8.0% increase in Median Sales Price to $264,000. Condo activity reflected a 7.7% increase in closed sales with a 3.9% increase in Median Sales Price. However, Inventory of available homes has fallen quickly, making it more of a sellers' market. Now is a great time to sell your house if you are considering it.
MLS#4641860
Source: NH and VT Association of Realtors Source: NEREN 1/1/17 - 6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4
MLS#4629754
THE LUXURY MARKETS IN NEW HAMPSHIRE AND VERMONT The Luxury market was strong in New Hampshire and showed continued signs of movement during the first half of 2017 in Vermont. However, the luxury market continues to be primarily a Buyer's market, particularly in Vermont, due to a relatively large supply of inventory and dearth of Buyers. This has resulted in many homes staying on the market for a prolonged period of time. Pricing appropriately in this type of marketplace is critical and many Seller's have had to lower their price expectations. Four Seasons Sotheby's International Realty continues to be the leader in the Luxury market in Vermont and New Hampshire with the most total sales above $600K and $1MM+ properties than our next closest competitors.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 5
CENTRAL VERMONT REPORT
Total Units Sold varied by town: - Rutland City -3.2%
- Randolph +50.0%
- Rutland Town -8.0%
- Castleton +71.4%
- Brandon -14.8%
- Waterbury +25.0%
- Stowe -6.6%
Average Sale Price increased in numerous markets:
$
- Rutland City +8.8%
- Brandon +4.4%
- Rutland Town +3.3%
- Shrewsbury +58.7%
- Poultney +27.6%
Average Days on Market generally declined depending on market:
- Rutland City -3.1%
- Randolph -45.9%
- Brandon -33.3%
- Castleton -38.2%
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 6
TOTAL SALES IN UNITS Number of Sales 100
KEY
-3.2%
90
2017 First Half
93
2016 First Half
-6.6%
75
76 71
50 +25.0% -14.8%
+50.0%
23
28
27
15
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 7
Stow e
ury
don
10
n
8
Bran
16
-20.0%
Men do
13
ey
lph
8
11
+6.7%
Poul tn
14
Rand o
Shre wsbu r
d Tow n Rutla n
City Rutla nd
y
4
0
-15.4%
r
20
-50.0%
24
Proc to
25
ton
23
Cast le
25
35
+71.4%
30
Wate rb
-8.0%
Source: NEREN 1/1/17-6/30/17
CENTRAL VERMONT REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
500,000
-2.8%
2017 First Half 2016 First Half 375,000 -1.6%
+58.7%
250,000
+3.3%
-25.1% -6.0%
-3.4% +27.6% -19.1%
+8.8%
+4.4%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 8
458k
445k
Stow e
308k
303k
ury Wate rb
130k
135k
n Bran do
223k
167k
don Men
132k
169k
ey Poul tn
146k
118k
r Proc to
195k
188k
leton Cast
194k
182k
lph Rand o
151k
239k
Shre wsbu r
y
193k
122k
200k
d Tow n Rutla n
Rutla n
d Cit y
0
132k
125,000
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
400
2017 First Half 2016 First Half -45.9%
300 +80.9%
325 +0.8%
292 -38.2%
-74.0%
237 200
-23.7%
266 264
232
228
223
+57.8%
+5.5%
248 220
-1.0%
243 -33.3%
-3.1%
208 210
177
158 163
158 131
100
154
141 118
58
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 9
Stow e
Wate rbur y
don Bran
don Men
ey Poul tn
r Proc to
leton Cast
lph Rand o
Shre wsbu r
n d Tow Rutla n
d Cit y Rutla n
y
0
0
Source: NEREN 1/1/17-6/30/17
CHAMPLAIN VALLEY REPORT
Total Sales in Units decreased in many markets:
- Essex -19.7%
- Shelburne -35.6%
- Burlington -3.2%
- Williston -7.4%
- Winooski -19.4%
- Richmond -27.0%
Average Sale Price increased significantly in many towns:
$
- Charlotte +12.9%
- Hinesburg +12.6%
- Burlington +7.1%
- Vergennes +45.2%
- Colchester +6.8%
- Middlebury +24.2%
Average Days on Market varied widely by individual town: -S outh Burlington, Charlotte Colchester, Essex, Williston and Middlebury increased by 7.9%, 22.4%, 11.7%, 22.7%, 44.4% and 94.5% respectively -B urlington, Winooski, Richmond, Shelburne, Ferrisburg and Vergennes decreased by 17.2%, 16.7%, 25.8%, 50.3%, 33.0% and 20.7% respectively
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 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
+4.2% 148
135
KEY
-19.7%
180
150
2017 First Half
173
-3.2% 155
2016 First Half
142
139
0.0% 110 110
-7.4%
90 -35.6%
24
29
+40.0% -75.0% +16.7% +33.3% -81.8%
Midd lebu ry
h burg Ferri s
n Willis to
urne Shel b
d mon Rich
urg Hine sb
Esse x
Colc hest er
tte Char lo
ki Wino os
gton Burli n
So. B urlin gton
Addi son
7
0
5
1
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 1
4
7
6
4
3
2
28 29
+36.4% 15
11
11
Verg enne s
18
ho
27 20
Jeric
24
Have n
28 19
-3.4%
New
29
37
Shor eham
36
50
-25.0%
38
Brid port
+20.0%
+72.4%
59
-27.0% -32.1%
81
Walt ham
-19.4%
45
75
Source: NEREN 1/1/17-6/30/17
CHAMPLAIN VALLEY REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
600,000
2017 First Half
+12.9%
-35.7%
-43.4%
2016 First Half 450,000 +7.1%
+4.1%
-.02%
+6.8%
300,000
+24.6% -32.2%
+0.1% +12.6%
-2.2%
-19.9%
+24.2%
+46.7%
-9.9%
-32.9%
-20.1% +45.2%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 2
196k 135k
Verg enne s
359k 288k
Jeric ho
196k 246k
n Have New
252k 172k
Shor eham
239k 121k
port Brid
230k 287k
m Walt ha
291k 514k
Addi son
265k 214k
ry lebu Midd
327k 247k
h burg Ferri s
348k 334k
n Willis to
346k 537k
e burn Shel
215k 238k
d mon Rich
284k 252k
Hine sbur g
275k 274k
Esse x
311k 291k
este r Colc h
516k 457k
lotte Char
236k 241k
Wino oski
350k 327k
n ngto Burli
So. B ur
lingt on
0
315k 316k
150,000
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
500
2017 First Half -73.0%
2016 First Half
403
375
+44.3% 352
-43.2% 285
-33.0%
250
+22.4%
125 +7.9% 68 63
-16.7% -17.2%
+11.7%
142 116
115
+22.7% 103 81
48
58
50
60
+5.4%
181
-25.8%
92
90
89
244
196
+44.4%
154
+94.5%
-9.2% 109
107
90
66
-20.7%
162
+11.5%
142
130
120 97
-27.6%
230
-50.3%
120
109
97
135 107
87
55
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 3
Verg enne s
ho Jeric
New Have n
Shor eham
port Brid
Walt ham
Addi son
ry lebu Midd
burg h Ferri s
n Willis to
Shel
burn
e
d mon Rich
Hine sbur g
Esse x
Colc hest er
Char lotte
Wino oski
ngto n Burli
So. B ur
lingt on
0
Source: NEREN 1/1/17-6/30/17
LAKE SUNAPEE REPORT
Total Sales in Units varied by market, up in some and down in others: - Newport -22.9%
- Sunapee +16.1%
- New London -7.3%
- Newbury +6.5%
Average Sale Price varied depending on specific towns:
$
- Newbury -4.6%
- Sunapee +16.8%
- New London -2.1%
- Grantham +15.7%
- Newport -9.7%
- Andover +30.8%
Average Days on Market varied widely by individual town: -N ewport, New London, Andover, Bradford and Sutton exhibited fewer days on market -S unapee, Springfield, Wilmot and Newbury all increased. V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 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
60
-11.7%
-7.3%
55
-22.9%
60
2017 First Half 53
2016 First Half
51
48
45
+16.1%
37
+6.5%
36
30
33
31
-12.5%
-21.7%
23 18
15
-20.0% +220.0%
20 16
24 21
22 19
16
-33.3%
12
0.0%
5
31
-33.3%
8
5
5
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 5
bury New
t Wilm o
r Warn e
Sutt on
gfiel d Sprin
tham Gran
en Gosh
ford Brad
Ando ver
n Lond o New
pee Suna
New
port
0
Source: NEREN 1/1/17-6/30/17
LAKE SUNAPEE REPORT
AVERAGE SALE PRICE Average Sale Price +16.8%
500,000
KEY 2017 First Half 2016 First Half
-2.1%
375,000
-4.6%
-4.6% +7.4%
-24.7%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 6
341k
325k
bury New
233k
176k
t Wilm o
206k
221k
r Warn e
254k
242k
Sutt on
236k
193k
Sprin gfiel d
208k
242k
tham Gran
236k
193k
Gosh en
241k
219k
Brad ford
144k
188k
Ando ver
360k
353k
ndon New Lo
404k
472k
pee Suna
New
108k
98k
-9.7%
port
0
-18.0%
-60.7%
+30.8%
125,000
+15.7%
-9.1%
250,000
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
+130.4%
300
2017 First Half 2016 First Half
288 -30.7%
-40.6%
225
-16.1%
187
150 156
135
121
233
180 -21.7%
138
129
249
-7.8%
219
-26.7% -3.8%
161
150
244
217
+54.5%
+29.0%
-37.8%
202
193
169 +9.6%
132
114
108
145 125
104
75
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 7
ry New bu
t Wilm o
r Warn e
Sutt on
d gfiel Sprin
tham Gran
en Gosh
Brad ford
Ando ver
n Lond o New
pee Suna
New
port
0
Source: NEREN 1/1/17-6/30/17
LAKE WINNIPESAUKEE REPORT
Total Sales in Units was down overall, but varied by town: - Center Harbor -28.6%
- Alton +15.9%
- Meredith -9.7%
- Gilford +5.1%
- Wolfeboro -11.6%
- Laconia +8.5%
Average Sale Price varied by town: -D ecreased in Wolfeboro and Center Harbor by -26.0% and -35.5% respectively
$
- I ncreased slightly in Meredith, Alton, Gilford, Laconia and Moultonborough by +16.2%, +1.3%, +27.2%, +15.5% and +36.7% respectively
Average Days on Market also varied by town: - Alton and Center Harbor increased -M eredith, Wolfeboro, Laconia, Gilford and Moultonborough decreased
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 8
TOTAL SALES IN UNITS Number of Sales
KEY
300
2017 First Half 2016 First Half
+8.5%
225
218 201 150
+5.1% -11.6% -9.7%
75 65
72
86
76
123
117
+11.7%
+15.9%
73
86
77
63 -28.6%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 1 9
14
r Har Cent e
gh orou Mou
ltonb
nia Laco
rd Gilfo
Alton
oro Wolf eb
Mere
dith
0
bor
10
Source: NEREN 1/1/17-6/30/17
LAKE WINNIPESAUKEE REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
700,000 -35.5%
2017 First Half 2016 First Half 525,000
+36.7%
+16.2% -26.0%
+1.3%
350,000
+27.2% +15.5%
625k
403k
389k
531k
200k
231k
223k
283k
386k
391k
379k
281k
404k
469k
175,000
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 0
or Harb Cent er
orou gh Mou ltonb
nia Laco
Gilfo rd
Alton
oro Wolf eb
Mere dith
0
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
-32.7%
220
-33.6%
2017 First Half
211
211
+37.1%
196
2016 First Half 165 +15.7%
-35.8%
134
142
140
-1.5%
133 121
110
-6.5%
143
140
135 116
124
86 55
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 1
bor r Har Cent e
orou gh Mou
ltonb
nia Laco
rd Gilfo
Alton
oro Wolf eb
Mere
dith
0
Source: NEREN 1/1/17-6/30/17
NORTHEAST KINGDOM REPORT
Total Sales in Units are up in most towns: - St. Johnsbury +46.4% - Lyndon +64.7% - Burke +50.0%
Average Sale Price varied by town: - Greensboro +49.3%
$
- St. Johnsbury +39.3% - Lyndon -19.0% - Burke -36.8%
Average Days on Market increased for a majority of towns: - S t. Johnsbury decreased -G reensboro, Orleans, Lyndon and Burke exhibited an increase
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 2
TOTAL SALES IN UNITS Number of Sales
KEY
50
2017 First Half +46.4
2016 First Half
41
37.5 +64.7%
28
25
28
+50.0%
17
15
12.5 -16.7%
0.0%
10 6
5
6
6
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 3
ohns bury St. J
s Orle an
n Lynd o
Burk e
Gree
nsbo
ro
0
Source: NEREN 1/1/17-6/30/17
NORTHEAST KINGDOM REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
400,000
2017 First Half 2016 First Half
+49.3
300,000 -36.8%
200,000 -19.0%
+39.3% +70.8%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 4
96k
134k
bury ohns St . J
Orle ans
n Lynd o
Burk e
Gree
nsbo ro
0
58k
99k
138k
112k
234k
148k
202k
301k
100,000
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
500
2017 First Half +81.7%
375
2016 First Half
407
-22.7%
250 224
+8.3%
182
+37.1%
168
225
181
174
+49.4%
125
132
127 85
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 5
bury ohns St. J
s Orle an
n Lynd o
Burk e
Gree
nsbo
ro
0
Source: NEREN 1/1/17-6/30/17
SOUTHERN NEW HAMPSHIRE REPORT
Total Sales in Units varied by town: - Amherst -6.5%
- B radford +1.1%
- W indham -16.4%
- Francestown +7.0%
- L ondonderry -24.3%
- C hester +2.0%
- Merrimack -5.7%
Average Sale Price was up across most towns:
$
- Amherst +7.5%
- Peterborough +33.0%
- Bedford +17.7%
- L ondonderry +3.8%
- Windham +12.9%
- Merrimack +7.1%
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
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 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
300
2017 First Half
-5.7% -24.3%
2016 First Half
261
247
225
246
+1.1%
178
-16.4%
-6.5%
134
124
112 +7.0% +7.0%
Fran cest own
gh orou Pete rb
am Wind h
Bedf ord
Amh erst
50
14
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 7
k
26 0
51
Merr imac
57
+2.0%
y
61
nder r
75
Ches ter
116
Lond o
150
187
176
Source: NEREN 1/1/17-6/30/17
SOUTHERN NEW HAMPSHIRE REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
600,000
2017 First Half
+12.9% +17.7%
2016 First Half
450,000 +7.0%
+7.5% +3.8%
+33.0%
300,000
+7.1% -13.1%
241k
258k
338k
362k
278k
288k
218k
189k
201k
268k
448k
506k
407k
479k
331k
356k
150,000
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 2 8
k imac Merr
Ches ter
y nder r Lond o
Fran cest own
roug h Pete rbo
Wind ham
Bedf ord
Amh erst
0
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
300
2017 First Half
-36.9%
2016 First Half
260
225
+45.5%
150
164
147 -15.8%
75 64
76
+27.9%
-36.2%
68
+13.8%
101
94
87
66
60
58
+4.4%
71
68
-10.9%
46
41
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 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
rd Bedf o
Amh
erst
0
Source: NEREN 1/1/17-6/30/17
SOUTHERN VERMONT REPORT
Total Sales in Units increased in most towns with the following showing significant gains: -D orset, Manchester, Marlboro, Londonderry, and Stratton exhibited substantial increases by +4.5%, +26.5%, +33.3%, +16.7% and +16.7% respectively -D over, Shrewsbury and Ludlow all decreased by -20.5%, -50.0% and -17.7% respectively
Average Sale Price varied by towns:
$
-D orset, Manchester, Wilmington, Londonderry and Winhall showed significant increases of +9.1%, +3.5%, +1.7%, +64.1% and +10.2% respectively -S tratton and Ludlow showed significant declines of -34.3% and -22.2% respectively
Average Days on Market varied widely by individual town: -D orset, Manchester, Dover, Stratton and Ludlow exhibited increases of +23.0%, +26.8%, +65.8%, +32.1% and +18.2% respectively -W ilmington, Wardsboro, Winhall, Peru and Chester exhibited decreases of -3.6%, -35.6%, -10.6%, -33.1%, and -19.6% respectively
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 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
-20.5%
90
88
67.5
2017 First Half
-17.7%
2016 First Half
79
70 65
+26.5%
44 44
+25.0% 15
13
14
12
8
-50.0%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 1
rsfie ld
22 22
14
8
4
Wea the
uth Plym o
Ludl ow
tton
ll Winh a
ry
3
+133.3%
21
6
Ches ter
+62.5%
12
nder
Marl
Dove r
Wilm ingto n
Man
ches ter
t Dors e
boro
4
0
13
24
18
ndis h
+33.3%
21
Peru
+8.3%
0.0%
+50.0%
28
Cave
22
+16.7%
y
25 25
Lond o
23
+16.7%
0.0%
Shre wsbu r
34
+4.5%
Stra
43
22.5
0.0%
Ward sbor o
45
Source: NEREN 1/1/17-6/30/17
SOUTHERN VERMONT REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
700,000
-34.3%
2017 First Half 2016 First Half 525,000 +9.1% +10.2%
-22.2%
+3.5%
350,000
+1.7%
+64.1%
-20.6%
+0.1%
+58.7% +20.0%
+6.0%
175,000
-26.5%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 2
254k
196k
Ches ter
202k
242k
Peru
151k
239
y Shre wsbu r
192k
167k
141k
rsfie ld Wea the
Cave ndi
sh
149k
272k
216k
Plym outh
373k
290k
Ludl ow
630k
414k
tton Stra
348k
383k
ll Winh a
167k
275k
ry Lond onde r
116k
133k
ro Ward sbo
183k
194k
boro Marl
238k
239k
Dove r
280k
285k
gton Wilm in
337k
348k
ches ter Man
Dors e
403k
439k
+14.3%
t
0
-10.5%
-22.8%
Source: NEREN 1/1/17-6/30/17
KEY
AVERAGE DAYS ON MARKET
2017 First Half
Average Days on Market
2016 First Half 400
+89.0% -10.6% -35.6%
+26.8% +23.0%
300
331
337
+68.8%
358
-0.3% 309 310
300
350
+35.3%
261 244
185
192 173
372
-33.1%
341
308
255
+68.3%
378
296
+32.1%
-3.6%
-68.0%
320
292
200
+18.2%
-19.6% 276
-74.0%
252
223
217 193
222 206
200
170
119
100
101 58
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 3
Ches ter
Peru
y Shre wsbu r
rsfie ld Wea the
ndis h Cave
outh Plym
ow Ludl
tton Stra
ll Winh a
ry nder Lond o
boro Ward s
boro Marl
Dove r
Wilm ingto n
Man ches ter
Dors e
t
0
Source: NEREN 1/1/17-6/30/17
UPPER VALLEY REPORT Total Sales in Units varies by individual town: -N orwich, Lebanon and Woodstock increased significantly by +126.7%, +10.1% and +62.1% respectively - H artford decreased by -0.8% - Hanover decreased by -15.3%
• Average Sale Price also varied by town: -H anover, Norwich, Woodstock, Hartford and
$
Fairlee all exhibited increases of +6.8%, +9.6%, +85.7%, +1.3% and +18.3% respectively -L ebanon, Lyme, Weathersfield, Cornish, Thetford and West Fairlee all exhibited decreases of -6.3, -26.2%, -26.5%, -12.7%, -8.5% and -73.0% respectively
• Average Days on Market also varied by town: -H anover, Norwich, Woodstock, Lebanon, Hartford and Fairlee all exhibited increases of +18.6%, +43.8%, +11.1%, +4.2%, +24.1%, and +77.9% respectively -L yme, Weathersfield, Plainfield, Cornish, Sharon and West Fairlee all exhibited decreases -31.8%, -68.0%, -20.4%, -29.5%, -22.1% and -84.2% respectively
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 4
TOTAL SALES IN UNITS Number of Sales
KEY
140
2017 First Half
-0.8%
2016 First Half
120 121
+10.1%
105
98 89
-15.3% +62.1% 47
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 5
+66.7% +66.7% 5
3
5
3
e
5
Fairl e
11
West Fairl ee
9
gewa ter
9
+120.0%
Brid
8
n
11
0.0%
Shar o
4
Pom fret
6
+37.5%
rd
12
4
+50.0%
18 17
Barn a
18
+5.9%
rd
field
Woo dsto ck
6
32
Hart fo
10
+50.0%
28
ford
14
on
ich Norw
Hano ver
0
Lym e
6
21
Leba n
15
+50.0%
Thet
-40.0%
+50.0%
h
29
Corn is
34
-12.5%
d
+126.7%
Plain
35
Enfie l
59 50
Wea thers field
70
Source: NEREN 1/1/17-6/30/17
UPPER VALLEY REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
800,000
-73.0%
2017 First Half 2016 First Half
+6.8%
600,000
+9.6%
+85.7%
-26.2%
+20.2%
400,000
+29.6% +77.2% -12.7%
-6.3% -26.5% +43.6%
-5.9%
-8.5%
+1.3%
+18.3%
+2.6%
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 6
205k
243k
e Fairl e
780k
211k
lee West Fair
310k
372k
Brid gewa ter
178k
315k
Shar on
249k
322k
rd Barn a
221k
227k
t Pom fre
200k
202k
rd Hart fo
221k
203k
ford Thet
194k
182k
Enfie ld
255k
223k
h Corn is
142k
203k
eld Plain fi
192k
290k
141k
rsfie ld Wea the
538k
ck Woo dsto
255k
239k
Leba non
533k
393k
Lym e
475k
520k
ich Norw
573k
Hano ver
0
612k
200,000
Source: NEREN 1/1/17-6/30/17
AVERAGE DAYS ON MARKET Average Days on Market 400
KEY
-7.2%
-68.0%
2017 First Half
372
377
2016 First Half
+11.0%
300
350
-84.2%
302
273
272
+11.1%
+2.6%
200
+43.8% +18.6%
100
-31.8%
-20.4%
176
152 112
97
-29.5%
198
170
161
115
220
116
119
+4.2% 74
121
+31.0% +33.1%
124
+77.9%
201 196
169
163 133
118
116
-22.1%
165
157
152
+24.1%
127 95
71 43
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 37
e Fairl e
lee West Fair
Brid gewa ter
n Shar o
rd Barn a
Pom fret
ford Hart
ford Thet
d Enfie l
h Corn is
Plain field
Wea thers field
Woo dsto ck
Leba non
ich Norw
Hano ver
0
Lym e
7
Source: NEREN 1/1/17-6/30/17
LUXURY REPORT
$600k+ Vermont & New Hampshire FSSIR is #1 in Total Units sold in Vermont & New Hampshire by almost double our next closest competitor
FSSIR has the highest total sales at $336,863,000
$
MLS#4646347
Luxury tends to have higher Average Days on Market
MLS#4632090
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 8
TOTAL SALES IN UNITS 350
KEY FSSIR
300
309
250
Competitor A Competitor B
200
Competitor C Competitor D
150
158
144
135
100 98 50
0 Source: Trendgraphix Data 1/1/17-6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 3 9
LUXURY REPORT
$600k+ Vermont & New Hampshire
TOTAL SALES IN $000 400m
KEY
336,863 300m
FSSIR Competitor A Competitor B Competitor C
200m
Competitor D
141,520
144,958
144,878
100m 76,989
0 Source: Trendgraphix Data 1/1/17-6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4 0
AVERAGE DAYS ON MARKET 250
KEY FSSIR
200
215
Competitor A Competitor B Competitor C
150 150
Competitor D
154 142
100 91 50
0 Source: Trendgraphix Data 1/1/17-6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4 1
LUXURY REPORT
$1 Million+ Vermont & New Hampshire MLS#4622913
FSSIR is #1 in Vermont & New Hampshire combined in total units sold by more than 2x our closest competitor
FSSIR is also the leader in Total Sales Volume
$ Luxury tends to have higher Average Days on Market
MLS#4628407
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4 2
TOTAL SALES IN UNITS 120
KEY FSSIR
100
105
Competitor A Competitor B
80
Competitor C Competitor D
60
40
45
44 33
20
29
0 Source: Trendgraphix Data 1/1/17-6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4 3
LUXURY REPORT
$1 Million+ Vermont & New Hampshire
TOTAL SALES IN $000 20m
KEY FSSIR Competitor A
183,869 15m
Competitor B Competitor C Competitor D
10m
75,929
71,761
5m 49,309
52,880
0 Source: Trendgraphix Data 1/1/17-6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4 4
AVERAGE DAYS ON MARKET 400
300 288
KEY FSSIR Competitor A
200
220
217
Competitor B Competitor C Competitor D
155 125
100
0 Source: Trendgraphix Data 1/1/17-6/30/17
V I S I T FO U R S E A S O N S S I R .C O M | F I R ST H A L F 2 0 1 7 M A R K E T R E P O R T | 4 5
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