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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