Q1 - Q3 2018 Northeast Kingdom Market Report

NORTHEAST KINGDOM

MARKET REPORT Q1 — Q3 2018

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#4722001

MARKET OVERVIEW

Q1 — Q3 2018

KNOWLEDGE IS POWER We are proud to share our Q1 - Q3 2018 Market Report for the Northeast Kingdom Region of Vermont real estate markets.

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 real estate market during the Q1 - Q3 2018 time period for the Northeast Kingdom Region of Vermont exhibited positive growth. Specifically, Caledonia County number of units sold increased +1.3%, total dollar volume increased +11.0%, the average sale price increased +9.3%, while the average days on market decreased - 9.7%. For Orleans County, the number of units sold increased +17.1%, total dollar volume increased +17.6%, the average sale price increased a modest +0.6%, while the average days on market decreased -4.4%.

Moving forward, we believe the lack of inventory will continue to be a driving factor in lower and mid-range segments which will continue to support a Seller’s market. In some cases this can result in higher home prices. However, fewer Buyers in the luxury segment dictates the importance of appropriate pricing which is critical to selling properties in a timely manner.

The economy is strong with low unemployment and wages have begun to show some improvement. We are optimistic that the current trends will continue throughout the remainder of 2018 even in the face of likely higher mortgage rates and the new federal tax legislation’s impact on the market.

Four Seasons Sotheby’s International Realty has 19 offices spread throughout Vermont and New Hampshire and our experienced Agents in our St. Johnsbury office are 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 It would be our privilege to serve you for all of your real estate needs in the Northeast Kingdom Region.

Staige Davis - CEO Buff McLaughry - President Alan DiStasio - COO Lori Shipulski - Regional Manager for the Upper Valley & Northeast Kingdom Cheryl Kerr - Managing Broker St. Johnsbury Office Cover Property: MLS#4695379 Source: (Data) NNEREN Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18 | (Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

BURKE VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

28

46

64.3%

$199,726

$217,710

9%

202

205

1.5%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

For Sale

50

Sold

47

Pended

45

43 40

40

40 38 36

35

36

36

30

30 28

29

21

14

8

7

8

5

0

4

1 10/17

2

3

1 00

11/17

12/17

4

1/18

3

2/18

7

5 4

3/18

2

10

4/18

5/18

3 4

4

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

3 4

7/18

3

1

7

8/18

9/18

DANVILLE VERMONT

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

21

35

66.7%

$211,711

$178,020

15.9%

255

195

23.5%

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

For Sale

50

Sold Pended

43

42

42

41

40 38

33

25

25

24

25

20 18

17

17

18

8

0

7

1 1

10/17

2

3 0

1 2

11/17

12/17

1

1 2

1/18

2/18

0

3/18

1

3

4/18

3

5/18

6

5

4

4

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

0

7/18

6

5 2

8/18

3

9/18

PEACHAM VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

9

10

11%

$326,944

$151,450

53.7%

157

114

27.4%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

12

12

12

For Sale Sold

10

Pended

10

10 9

8

8

8

9

8

8 7 6

6

4

2

2 1

1 2

0 10/17

1

11/17

12/17

2

1

0

2

2 1

1

1/18

0

2/18

0

0

3/18

1

0

4/18

0

1

5/18

1

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

2

7/18

0

8/18

00

2

9/18

KIRBY VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

7

7

0%

$146,659

$240,357

63.9%

302

140

53.6%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

9

9

9

9

For Sale

8

8

Sold

8

8

8

Pended

8 7

7

6

6

6

5

3

2 1

0

0

10/17

0

0

11/17

0

0

0

12/17

0

1/18

0

1

0 2/18

1

0 3/18

1 1

4/18

0

5/18

1

1 1

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

1

00

1

7/18

8/18

0

9/18

2

LYNDON VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

48

42

12.5%

$120,371

$166,549

38.4%

201

153

23.9%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

For Sale

40

Sold Pended 34

34

33

34

33

32

31

30

33

32

31

30

30

27

20

13

7

8

7

6

6

5

4 4

0 10/17

2

11/17

4

3 4

1 5

12/17

2

1/18

0

2/18

1 00

2

3/18

4

4/18

4

5/18

6

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

8

7/18

2

8/18

7

9/18

BARNET VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

18

20

11%

$152,466

$205,350

34.7%

105

140

33.3%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

20

20

For Sale

18

Sold

18

17

Pended

16

15 14 12

12

12 11 10 9

9

8 6 5

4

4 3

3 2 1

0 10/17

0

11/17

2

1

12/17

1

0

1/18

1

1

2/18

0

0

3/18

0

1

4/18

3

5/18

6

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

1

4

7/18

8/18

2

1

9/18

ST. JOHNSBURY VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

78

53

30%

$137,465

$137,554

0.1%

179

166

2%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

60 For Sale Sold

53

52

Pended

50

48 46 44

43

41 39

40

39

38 35

34

30

20

10

10

10

9

7

7

4 6

0 10/17

8

11/17

3

12/17

5

3

1/18

5

4 2

4

2/18

1 11

3/18

4

4/18

5 7

5/18

5

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

7

7/18

8

8/18

5

9/18

SUTTON VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

10

9

10%

$125,150

$99,111

20.8%

171

62

63.7%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

14

14

For Sale 13

Sold

13

Pended

12 11

11 10

10

9

8

8 7

7 6

6

3

1

1 3

0 10/17

0

11/17

0

0

12/17

0

1

0 1/18

1 1

2/18

0

3/18

1

0

4/18

00

0

5/18

00

1

0 6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

1 1

7/18

2

8/18

0

9/18

0

WATERFORD VERMONT

Q1 - Q3 2017

Q1 - Q3 2018

% CHANGE

23

17

26%

$148,793

$175,823

18.2%

184

124

32.6%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 9/30/17 and 1/1/18 - 9/30/18

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (OCTOBER 2017 - SEPTEMBER 2018)

18 17

For Sale

17

Sold Pended

15

14

14 13 12

11

10

10 9

9

9

9

7

4 3

3 2 1 1

0 10/17

1 3

11/17

1 3

12/17

1/18

0

1 0

2/18

1

1 1

3/18

4/18

1

00 5/18

0

2 1

6/18

(Graphs) Trendgraphix utilizing NNEREN data 10/01/2017 - 9/30/2018

2

7/18

4

8/18

0

9/18

3

MEET THE TEAM Four Seasons Sotheby’s International Realty has 19 offices spread throughout Vermont and New Hampshire and our experienced Agents in our St. Johnsbury office are 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.

Connect with one of our experienced Northeast Kingdom Region professionals and let them put their local real estate knowledge to work for you.

SCOTT BOLLMAN

ROBIN JACOBS

CHERYL KERR

ROBIN MIGDELANY

Scott.Bollman@FourSeasonsSIR.com

Robin.Jacobs@FourSeasonsSIR.com

Cheryl.Kerr@FourSeasonsSIR.com

Robin.Migdelany@FourSeasonsSIR.com

C: 802.734.0082

MLS#4622913

C: 802.274.0212

C: 802.535.9676

C: 781.640.0337

BEN REED

C: 802.751.5515

Ben.Reed@FourSeasonsSIR.com

MLS#4702588 MLS#4695379

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

SOUTHERN NEW HAMPSHIRE Bedford: 603.413.7600

FourSeasonsSIR.com Each Office is Independently Owned and Operated