Q1 2017 MARKET REPORT LAKE WINNIPESAUKEE
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
LAKE WINNIPESAUKEE REPORT
Total Sales in Units was down overall, but varied by town: - Laconia -6.9%
- Center Harbor +50.0%
- Meredith -29.7%
- Gilford +2.1%
- Alton -39.4%
- Wolfeboro +11.1% - Moultonborough +10.3%
Average Sale Price varied by town:
$
-D ecreased in Meredith, Wolfeboro, Gilford and Center Harbor - I ncreased slightly in Alton, Laconia and Moultonborough
Average Days on Market also varied by town: -L aconia and Center Harbor increased -M eredith, Wolfeboro, Alton, Gilford and Moultonborough decreased
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 | 1 8
TOTAL SALES IN UNITS Number of Sales
KEY
90
-6.9%
2017 Annual
87 81
2016 Annual 67.5
+2.1%
45
-29.7%
37 22.5
48
+11.1%
40
47
-39.4%
36
+10.3%
33
32
29
26 20
+50.0% 4
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 | 1 9
Cent er
gh orou Mou
ltonb
nia Laco
rd Gilfo
Alton
oro Wolf eb
dith Mere
Note: Small bases can lead to significant percentage increases/decreases and should be used cautiously.
4
Harb or
6
0
Source: NEREN 1/1/17-3/31/17
LAKE WINNIPESAUKEE REPORT
AVERAGE SALE PRICE Average Sale Price
KEY
500,000
2017 Annual
-9.7% +38.3%
375,000
+23.0%
2016 Annual
-19.4% -11.9%
-6.5%
+46.9%
250,000
303k
283k
332k
408k
193k
283k
302k
266k
274k
379k
338k
272k
418k
376k
125,000
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 | 2 0
bor r Har Cent e
gh orou Mou
ltonb
nia Laco
rd Gilfo
Alton
oro Wolf eb
Mere dith
0
Source: NEREN 1/1/17-3/31/17
AVERAGE DAYS ON MARKET Average Days on Market
KEY
220 -1.1%
-48.6%
179
165
181
183
-9.9%
2017 Annual -8.0%
202
2016 Annual
182
163 150
+34.7%
+7.4% -12.1%
110
130
116
132 121
102
98
92 55
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 | 2 1
bor r Har Cent e
orou gh Mou
ltonb
nia Laco
Gilfo rd
Alton
oro Wolf eb
Mere
dith
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