2017 Year End Market Report - Upper Valley Edition

UPPER VALLEY

MARKET REPORT 2017 YEAR END

PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Whether your property is valued at $200,000 or $2,000,000, it has a story all its own. It’s written in the details, big and small, that make a house into a home... or a piece of land into a dream. A remembrance of things past... a celebration of things to come. Telling these treasured tales is our specialty. We start by uncovering and bringing to life all the things that make a property exceptional.

By combining outstanding photography and attention-getting narrative details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways that truly resonate with prospective buyers. It is with pleasure that we use our considerable experience and resources to artfully unite special places with those who will cherish them.

MLS#4429915

MARKET OVERVIEW

2017 YEAR END

KNOWLEDGE IS POWER We are proud to share our Year End 2017 Market Report for the Upper Valley real estate market. In this report you will find year over year market trends

by Town in order to provide you with the most updated information so you can make informed decisions as you evaluate your real estate options.

Overall, the market was strong in 2017 in the Upper Valley, however, we are experiencing a shortage of inventory in many price points across the region. As long as the economy continues to be strong, we see the current trends continuing into the first half of 2018 at least.

Four Seasons Sotheby’s International Realty has 20 offices spread throughout Vermont and New Hampshire and is widely regarded as one of the leaders in the Upper Valley real estate market with over 50 experienced Agents in our Hanover, West Lebanon and Fairlee offices ready and eager to serve all of your real estate needs.

We are committed to providing you with the highest level of service and expertise to Buyers and Sellers regardless of price point.

It would be our privilege to serve you for all of your real estate needs in the Upper Valley.

Staige Davis - CEO Buff McLaughry - COO Alan DiStasio - EVP Managing Director Lori Shipulski - Regional Manager for the Upper Valley Cover Property: MLS#4673491 Source: TrendGraphix Data 2016-2017

MLS#4644465

BARNARD VERMONT

2016

2017

% CHANGE

20

24

20%

$294,745

$445,291

51%

237

263

11%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

40 For Sale

35

Sold Pended

35

34

33

35

33

32

31

32

30 28

28 26

20

10

3 2

0

2

1/17

2

3

1

2/17

2 0

3/17

4/17

3 1

5/17

3

3

1

6/17

3 1

7/17

8/17

2

1

9/17

3

2 0

10/17

0

1

11/17

12/17

BRADFORD VERMONT

2016

2017

% CHANGE

70

75

7%

$169,737

$171,048

1%

178

158

11%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

For Sale

24

Sold Pended 20 19 18

18

18 17

17

16 15

15

14 12

12

8 7

6

5

5 3

3

3 1

1

2/17

3/17

1

0

4

1/17

4

3 3

2

3 1

4/17

5/17

6/17

3

3

3

3

7/17

2

3 2

1

8/17

9/17

10/17

11/17

12/17

BRIDGEWATER VERMONT

2016

2017

% CHANGE

39

41

5%

$188,020

$235,403

25%

159

224

41%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

20 For Sale Sold

17

Pended

15

16 15

15

15

13

13

10

10

10 9

9 8

5 3

3 2

2 1

0

1/17

1

2

2/17

3/17

4/17

5/17

2

2 1

1

0

2

2

2

6/17

1

0

7/17

8/17

9/17

0

10/17

1

11/17

0

12/17

CORINTH VERMONT

2016

2017

% CHANGE

22

26

18%

$183,260

$141,869

23%

216

233

8%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

20

For Sale 16

Sold Pended

15

14 13

10

13

13

13

10

10

10

9 8

6

6 5

5 3

0

1

1

3 2

2/17

3/17

2

2

1

1

0

0

1/17

4

2

2 1

4

4/17

1

0

5/17

6/17

7/17

8/17

9/17

10/17

11/17

0

12/17

CORNISH NEW HAMPSHIRE

2016

2017

% CHANGE

29

30

3%

$213,116

$225,203

6%

187

133

29%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

20

For Sale

17

Sold Pended

15

14 13

13

11

11

11

10

10 9

7 6

6

4

4

4

3

3

1/17

3/17

4/17

2

2 1

1

2/17

3

3 2

1

0

5

5

5

2

2

1

2 1

1

5/17

6/17

7/17

8/17

9/17

0

10/17

11/17

0

12/17

ENFIELD NEW HAMPSHIRE

2016

2017

% CHANGE

87

78

10%

$191,487

$220,930

15%

137

183

34%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

80

For Sale Sold

63

Pended

60

62

59

58 51

40

49

39

38

33 30

28

29

20 14 10

9

0

2

2

1/17

2

3

2/17

3/17

3

6

3

4/17

4

6

5/17

8

9

7

6

7

7

8

6/17

7/17

7 6

3

8/17

9/17

10/17

11/17

6 1

12/17

FAIRLEE VERMONT

2016

2017

% CHANGE

9

15

67%

$384,555

$229,883

40%

184

116

37%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

12 11

11

For Sale

10

Sold Pended

9

9

9

9

8

8 7

7 6

7

7 6

6

5

5 4

4 3

2

2 1

1 0

1

1

1

1

2/17

3/17

4/17

2

2 1

1

2

2

5/17

6/17

7/17

2

1

0

0

0

1/17

1

1

2

0

8/17

9/17

10/17

11/17

12/17

HANOVER NEW HAMPSHIRE

2016

2017

% CHANGE

117

110

6%

$586,416

$587,127

.1%

92

106

15%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

50 46

45

43

For Sale

43

Sold

40 35

Pended

38

37 33

33

33

32

31

30 27

25

24

20 17 15

15 10

12

12

11

15 12 12 8

7

5 0

15

6 4

1/17

4

2/17

4

3/17

7 5

8 4

3

4/17

8

6 2

5/17

6/17

7/17

8/17

9/17

10/17

11/17

1

12/17

HARTFORD VERMONT

2016

2017

% CHANGE

249

254

2%

$202,222

$216,003

7%

150

144

4%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

150

147

46 140

139

43

137

43

For Sale

141

136

Sold Pended 120

104

101

100

50 34 28

28 17

16 10

15

24 19

21

25

30

24 24 18

9

25 16

20

20

15

10

12

9

0

1/17

2/17

3/17

4/17

5/17

6/17

7/17

8/17

9/17

10/17

11/17

12/17

LEBANON NEW HAMPSHIRE

2016

2017

% CHANGE

169

216

28%

$245,809

$256,725

4%

72

77

7%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

80

For Sale 74

Sold

71

Pended

65

60

60

59

64

62

61

61 57

46

40

37 34 31

33

28

27

28

22

22

20

34

22 16 13 11

13

20

20 18

14

15

19

17 14

12

10

0

1/17

2/17

3/17

4/17

5/17

6/17

7/17

8/17

9/17

10/17

11/17

12/17

LYME NEW HAMPSHIRE

2016

2017

% CHANGE

23

20

13%

$508,234

$536,218

6%

257

188

27%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

25

23

For Sale Sold

21

21

Pended

20 19

20 17

16

16

20

13 12

12

11

4 3 2

2 1

0

0

0

1/17

2/17

3

3/17

1

1

4/17

1

2

1

5/17

2 1

6/17

7/17

3

3

3

8/17

1

9/17

1

10/17

0

11/17

1

12/17

NORWICH VERMONT

2016

2017

% CHANGE

36

51

42%

$423,107

$514,822

22%

174

141

19%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

20

19 18

18

18

18

19

19 18

18

16

16

For Sale

15

Sold Pended 12

10

10 8

8 7

3

7 6

5

5 4

4 3

3

2

2 1

0

1

1

2

2

2

2

1

1 0

1/17

2/17

3/17

4/17

5/17

6/17

7/17

8/17

9/17

10/17

11/17

12/17

PLAINFIELD NEW HAMPSHIRE

2016

2017

% CHANGE

23

33

44%

$267,934

$306,577

14%

83

170

105%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

20 18

For Sale 17

Sold Pended 15

15

14

14

14

14

14 13

13

11 10

10

6 5

5

5 4

4

4

3

3 2 1

1/17

3 2

2 1

1

1

1

1

1

0

2

2/17

3/17

4/17

5/17

00

6/17

7/17

8/17

9/17

10/17

11/17

12/17

POMFRET VERMONT

2016

2017

% CHANGE

15

15

0%

$534,400

$342,333

36%

263

195

26%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

30

For Sale Sold Pended

25 24

23

21

20

21

21

20 19

19

18

17 16

10

3

2 1

0

1/17

1

1

2/17

1

3/17

1

1

4/17

0

1

5/17

1

2

1

1

6/17

7/17

2

1

1

8/17

9/17

0

0

10/17

1

1

11/17

0

1

12/17

SHARON VERMONT

2016

2017

% CHANGE

16

22

38%

$210,587

$263,204

25%

123

98

20%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

20 For Sale Sold Pended 15

15

15 14

12 11 10

10

10 9

9

8

6

6

5

5 4 3 2

2 1

1/17

2/17

2

1

1

0

0

3/17

3

3

3 2

2

2 1

1

1

0

4/17

5/17

1 0

6/17

7/17

8/17

9/17

10/17

11/17

00

12/17

THETFORD VERMONT

2016

2017

% CHANGE

30

32

7%

$242,875

$243,031

0.1%

118

145

23%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

24 For Sale Sold

20

Pended 18

18

17 16

16

16

15 14 13

13

12

12

12

8

6

5

5

5

4 3

3 2

3

2

3

3 2

1

1

0

2

2

2

2 0

1/17

2/17

3/17

4/17

5/17

6/17

7/17

8/17

9/17

10/17

11/17

0

12/17

WEATHERSFIELD VERMONT

2016

2017

% CHANGE

25

51

104%

$191,334

$154,827

19%

274

148

46%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

50 45 41

43

Sold

41

40

40

For Sale

44

39

Pended

39

38

34

33

29

30

20

10

6

5 2

0

9

8

0

1/17

3

3 1

2/17

6 3

2

5

6

3

4/17

5/17

6/17

7/17

8/17

9/17

6

5

4

1

3/17

6 4

4

10/17

11/17

4

2 0

12/17

WEST FAIRLEE VERMONT

2016

2017

% CHANGE

11

8

27%

$359,390

$202,593

44%

230

40

83%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

10 For Sale

9

Sold 8

8

Pended

6

6

6

5

5 4

4

4

4

4

3

3

3

1

2

1

1

2

1

1

1

1

1 0

0

3

2

2 1

7

7

7

1/17

2/17

0

3/17

0

4/17

0

5/17

0

6/17

7/17

8/17

9/17

10/17

0

11/17

0

12/17

WOODSTOCK VERMONT

2016

2017

% CHANGE

68

93

37%

$353,056

$596,098

69%

191

221

4%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)

100

For Sale Sold

90 83

Pended

84

82

81

80

77

74

75

75

74

72 68

69

70 60 50 40 30 20

3

12

10 5

0

1/17

5

4

2/17

7

8

9

6

6

2

3/17

4/17

5/17

4

6/17

12 3

4

7/17

8/17

3

6

7

10

9

8

9/17

6 2

5

10/17

11/17

0

12/17

MLS#4661989

SOUTHERN VERMONT

CHAMPLAIN VALLEY

LAKE WINNIPESAUKEE REGION

Mount Snow: 802.464.1200 Stratton: 802.297.1100 Manchester: 802.362.4551 Okemo: 802.228.4537 Bromley: 802.824.3113

Middlebury: 802.388.1000 Vergennes: 802.877.3232 South Burlington: 802.864.0541

Meredith: 603.677.7012 Wolfeboro: 603.941.1000

CENTRAL VERMONT Rutland: 802.774.7007 Stowe: 802.253.7267 Randolph: 802.565.8136

NORTHEAST KINGDOM St. Johnsbury: 802.751.7582

LAKE SUNAPEE REGION New London: 603.526.4050

UPPER VALLEY Fairlee: 802.333.4701 Hanover: 6 03.643.6070 603.643.6400 West Lebanon: 603.298.5155

SOUTHERN NEW HAMPSHIRE Bedford: 603.413.7600

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