THE SOUTHERN NEW HAMPSHIRE REGION
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#4622616
MARKET OVERVIEW
2017 YEAR END
KNOWLEDGE IS POWER We are proud to share our Year End 2017 Market Report for the Southern New Hampshire Region 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 was relatively strong in 2017 for the Southern New Hampshire Region. Specifically, Merrimack County closed sales in units was down a modest -1.6%, however, total sales volume increased +4.8% and the Median Sales Price increased +11.6% and Average Days on Market was down 11.2%. For Hillsborough County, closed sales in units increased +8.8% and total sales volume was up +17.4%. Additionally, the Median Sales Price increased +7.4%, however, the Average Days on Market increased +32.1%. . Moving forward into 2018, 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 cautiously optimistic that the current trends will continue into 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 20 offices spread throughout Vermont and New Hampshire and is widely regarded as one of the leaders in the Southern New Hampshire Region real estate market with 10 experienced Agents in our Bedford office 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 Southern New Hampshire Region. Alan DiStasio - Partner and Chief Operating Officer Cover Photo: MLS#4675097 Source: TrendGraphix Data 2016-2017
AMHERST NEW HAMPSHIRE
2016
2017
% CHANGE
265
260
2%
$332,773
$358,064
8%
65
67
3%
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 91
89
90
84
83 79
80 70
69
67
70
67
67
60
60 50
48
40
35 32
30
27
14
0
26
27
31 24
20
20 10
26
9
1/17
27
2/17
19
18
15 15
13
9
3/17
20
17
16 10
24
23
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
ANTRIM NEW HAMPSHIRE
2016
2017
% CHANGE
54
52
4%
$170,825
$170,612
.1%
127
68
47%
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 36
36
For Sale Sold
32
Pended
31
30 28
28 24
16 12
21
20
20 15
14 12
13
12
12
11 9
8 4 1
0
6
6 1
1/17
3
3
2/17
3
2
3/17
3
3
4/17
3
5/17
4
4
1
6/17
5
4
5
5
1
1
7/17
4
3
8/17
9/17
10/17
11/17
12/17
BEDFORD NEW HAMPSHIRE
2016
2017
% CHANGE
362
391
8%
$421,139
$473,197
12%
64
75
17%
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)
120 115 110 105 100 95 90 85 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 0
102
For Sale
94
91
Sold Pended
90
82
82 77
66 58 49
46
19
45 39
36 26
57
55
54
43
41
37
34
32
26
26
22
21
27
31
27 23
31
24
24
11/17
12/17
12
1/17
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
BOW NEW HAMPSHIRE
2016
2017
% CHANGE
163
175
7%
$311,114
$315,333
1%
113
74
35%
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)
34
34 32
32
31
For Sale
30
29
Sold
28
31
30
30 29
Pended
26
25
24 22
23
22
22 21
21
21
20 18 16
19 19
16
16
15
16
10
10
10
13
12
12
12
15
14
13
14
13 13 10
9
9
9
8
6
6 4 2 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
CHESTER NEW HAMPSHIRE
2016
2017
% CHANGE
98
123
26%
$348,555
$360,531
3%
72
63
13%
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 38
For Sale
36
Sold
34
30
30
30
30
24
24 20
18
17
16
15
15
14
14 10
8 6
6
4
9
14
1/17
12 10
10
10
9
10
9
9
7
5 4
2
2 0
8
16 14
12
6
30
29
26
26
8
30
28
28
20
33
Pended
32
22
36
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
CONCORD NEW HAMPSHIRE
2016
2017
% CHANGE
618
631
2%
$204,249
$218,204
7%
75
64
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)
For Sale
140
Sold
130
126
120
127
107 100 94
90
92
88 82
82
80
77
72
73
70
69
66
60
53
48
50 39
40 30
Pended
122
118
110 100
130
30
61
51
55 50 42 43
42
46
45
33
32
34
25 21
20
26
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
DUBLIN NEW HAMPSHIRE
2016
2017
% CHANGE
26
24
8%
$241,317
$303,293
26%
178
118
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)
24 22
For Sale
22
Sold
20
20
20
Pended
20
20 19
18
17
16
12
14
14
14
13 12 11
10 8 6 4
4
3
2 1
0
1/17
1
1
2/17
2
1
1
1
3/17
4/17
5/17
0
3
3 1
6/17
4
4
3
7/17
3
3
2
1
1
8/17
9/17
10/17
11/17
2
12/17
DUNBARTON NEW HAMPSHIRE
2016
2017
% CHANGE
55
54
2%
$255,158
$270,857
6%
69
54
22%
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
30
Sold Pended
28 26
25
24 22 20
20
19
18
17
16 14
14
14
13
12 10
10 8
9
8
9
7
4
4
0
8
8
6
2
9
3
5
4
5
4
4 3
3
2
3
3
2/17
3/17
4 2
2 1
1/17
4
5 3
3
1
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
FRANCESTOWN NEW HAMPSHIRE
2016
2017
% CHANGE
35
47
34%
$228,745
$201,060
12%
206
132
36%
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 22
22
For Sale
22 21
Sold
20
Pended 18
18 16
17 16 15
14
13 12
12
12 10
9
8
7 6
6 4
5
5
5
4 3
4
3
3
3
3
3
3
3
3
11/17
12/17
2
2 0
11
11
2
1
1/17
2/17
3/17
4/17
5/17
1
6/17
1
1
7/17
8/17
9/17
10/17
GOFFSTOWN NEW HAMPSHIRE
2016
2017
% CHANGE
288
299
4%
$215,130
$242,477
13%
37
35
5%
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 Sold
36
Pended
35
34
33
32 28
33
32 30
28 26
28
27
27
27 24
24
29
30 28
28
24 24
22
20
26
32
21
19
18
16
18
18
21 19 17
17
15 13
12
14 12
9
8 4 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
HANCOCK NEW HAMPSHIRE
2016
2017
% CHANGE
37
31
16%
$384,079
$327,548
15%
101
125
24%
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
22
Pended
Sold
22
22
20
19
18 16
18
18
17 16 15 14
14
13 12
12 10
9
8 6
5
4 2 0
4
4 3
3
2
2
3 2
2
2
2
3
2
2/17
3/17
4/17
2 1
1
1
1/17
3
2
2
1 0
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
HARRISVILLE NEW HAMPSHIRE
2016
2017
% CHANGE
16
22
38%
$202,093
$237,907
18%
195
50
74%
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 Sold
9
9
Pended 8
8
8
8
7
7
7
6
6 5
5
3
3
0
1/17
1
2
1
1
1
0
0
2/17
4
3
2
2
1
4
3
3
2
2
1 0
4
4
4
2
6
3/17
4/17
0
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
HOLLIS NEW HAMPSHIRE
2016
2017
% CHANGE
125
116
7%
$474,339
$468,173
1%
123
94
24%
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)
60 For Sale
55
53
Sold
50
Pended
48
45
52 49
47
47
46
44 41
40
38
35 30
30
30
25 20 15 10 5 0
15
15
15
17 13
12 9
8 7
7
8
12
10
8
7
5
6
6
7
6
8 5
5
3
1/17
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
HOOKSETT NEW HAMPSHIRE
2016
2017
% CHANGE
246
281
14%
$237,130
$272,069
15%
54
61
13%
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 75 70
68
For Sale
65
Sold
60
Pended
50
52
48 45
45
41
40
37
37
44
41
41 38
35 30
56
54
55
33
31 28
27
25
25
27
20
19
19
20 15
32 29
30
4
13
23 21
17
13 12
26
12
15
12
10 5 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
HOPKINTON NEW HAMPSHIRE
2016
2017
% CHANGE
100
120
20%
$226,526
$248,575
10%
113
141
25%
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
49 46
For Sale
45
43
Sold
41
Pended
40
46
37 35
35
33
32
31
30 27
25 22
20 17 15
15 11
10
9 5
2
1/17
10
9 5
5 0
14
13
6
6
9
12 9
8 7
6
8 6
7 4
2
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
LONDONDERRY NEW HAMPSHIRE
2016
2017
% CHANGE
547
443
19%
$294,524
$295,291
.3%
51
55
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)
80
For Sale
78
Sold
75 70 65
Pended
69 66
66
63
62
61
60
60
58
55
65
50
48 44
45
45
35
39
35
38
40
40
39
42
31
30
29
29 28
25 20
46
44
41
40
54
52
52
20 18
15
23
21 15
15
10 5 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
MANCHESTER NEW HAMPSHIRE
2016
2017
% CHANGE
1722
1802
5%
$220,127
$237,655
8%
52
44
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)
300
296 279
280 260
For Sale Sold
276
Pended
253
249
239
240 220 200
210 199
198
185
179
180
160
160
150 137
140
136
120 100 80
181
180 170
148
141
135
131 134
136
141 124
128 105 97
94 71
60
105
88
86
96
63
40 20 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
MERRIMACK NEW HAMPSHIRE
2016
2017
% CHANGE
579
539
7%
$245,602
$267,417
9%
42
37
12%
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 95
For Sale Sold
90
Pended
85
83 79
80 75 66
65
62
60 55
40 35
64
57 51
50 45
72
72
70
43
47
36
30
54
53
54
49 45
44
40 34
51
53
44
38
48
48
43
42 37 35
34 31
48
34
30
25
21
20 15 10 5 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
NASHUA NEW HAMPSHIRE
2016
2017
% CHANGE
1213
1249
3%
$249,209
$263,141
6%
44
36
18%
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)
200 180
For Sale
160
Pended
Sold
162
162
166
164
149
140
135 136
133 127
120
117
124 113
116
123
120 110
110
119
100
102
98
100
119
118 114
91 78
80 64 63
60
93
87 88 77
71
84 74
50
40 20 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
NEW BOSTON NEW HAMPSHIRE
2016
2017
% CHANGE
123
139
13%
$277,804
$305,852
10%
103
113
10%
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
70
Sold
66
Pended
62
60
58
58
56
55 51
50
40
47 44
43
41
41
30
20
18 15
10
0
11 6
8 4
11
10
11
13
14
8
6
14
13
11
10 7
5
9
10
7
6 3
1/17
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
PETERBOROUGH NEW HAMPSHIRE
2016
2017
% CHANGE
132
144
9%
$224,102
$259,340
16%
107
130
22%
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
For Sale Sold
45 42
40
41
40
39
38
Pended
42
41 37
35
35
30
30 26
25 20
18
15
12 9
10 7
6
13
12 10
10
7
10 10
9
8
9
5
3
1/17
2/17
13
12
6
5
5 0
17
15
15
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
WALPOLE NEW HAMPSHIRE
2016
2017
% CHANGE
44
40
9%
$228,681
$214,841
6%
129
126
2%
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
29 28
28
For Sale
26
Sold
24
25
24
Pended
24 22
22 20
20 18
28
27
27
18
17
16 14 12 10 8
8 6 4
3
2 0
0
1/17
3 2 1
2/17
0
3/17
5
5
4
4
4
3 1
1
4/17
5/17
4
4
3
2
3
3
2 0
6/17
7/17
8/17
9/17
10/17
11/17
1
12/17
WEARE NEW HAMPSHIRE
2016
2017
% CHANGE
180
177
2%
$228,007
$237,978
4%
76
71
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)
60 For Sale
55
51
Sold
50
Pended
45 40 35
34
25
24
24 21
21
20
13 10
10 7
6
5
1/17
11
10
19
17 13
12
18
22 19
3/17
19 14
13
13
10 7
6
2/17
18
18
17
15
0
33
30
30
20
44
44 41
4/17
7
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
WINDHAM NEW HAMPSHIRE
2016
2017
% CHANGE
314
266
15%
$454,802
$495,041
9%
87
61
30%
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)
79
80
For Sale
75
Sold
70
77
74 70
Pended
66
65
62
60
58
57
55
55 50 45 40
48 45 41 38
28
30 25
0
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14
10
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MLS#4643370
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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