o'halloran group logo

ideal

Christina O'Halloran

2019 Home Sales in the New London and Sunapee Region

In reviewing property sales for the past 8 months (January through August 2019) and comparing that data to the past couple of years, we are seeing shorter median days on market (39 days) and a median sales price for the region that is almost $8,000 higher than the past couple years. On the surface, this sounds great–higher prices, shorter time on the market, sign me up!

If you dig deeper, we see that pricing more aggressively is key for this last quarter of 2019. Looking at the charts below, there is a $60,000 difference in the median price between available inventory and what is currently under contract. A similar differential is reflected in the average and median days on the market for the pending inventory. This shows that accurately priced homes are selling, while properties that push the sales price boundaries are seeing a much higher days-on market average.


 

In the spring/early summer we were able to counsel our sellers and drive a higher listing price. Now we are seeing buyers hold back, pause and not jump right away if the price is too high. With rates still at historic lows, and inventory levels down, there is high buyer demand—however, sellers should keep in mind that the key to selling your home in today’s market is knowing the accurate value of your property and pricing it accordingly. Sellers entering the market with a smart pricing strategy, paired with an expert marketing campaign can still have an excellent experience.

Buyers, so where does this leave you? It is still a seller’s market, but as covered above, things are slowing turning in your favor. Here are a few key things to consider when buying a home or investment property:

1) Hire a buyer’s agent to help guide you through the process and structure your offer for the highest chance of success. Real Estate is highly localized, and an experienced realtor will be able to provide the data you need to make an informed decision and give you confidence in the decision you are making.

2) Put your cards on the table. Worst case the seller says, “no” best case, you get the house!

3) Remember, if you are buying a home for a “home” not a flip or investment property, the long-term value of today’s rates is remarkable. Here’s a quick example to show how rates can impact the carrying cost of purchasing a home:

On a $250,000 loan at today’s rate of 3.75% versus rates back in 2007 at 6% it equates to a $55,301 savings over the course of 10 years!

  • Total interest at 3.75% 10yrs on a 30yr mortgage = $84,824.37**
  • Total interest at 6% 10yrs in on a 30yr mortgage = $140,125.54**

**Interest rate information sourced from bankrate.com on September 20, 2019. Always consult your lender for the most up-to-date rate information. 

    Comments

    1. No comments. Be the first to comment.

    Local and Regional Farm Stands and Apple Orchards

    Local Farm Stands and Markets

    Beaver Pond Farm
    50 McDonough Road, Newport
    Phone: (603) 543-1107

    Schroeder Farm
    126 Sutton Road, Newbury
    Phone: (603) 938-5911

    Spring Ledge Farm
    37 Main Street, New London
    Phone: (603) 526-6253

    Sweet Beet Market
    11 West Main Street, Bradford
    Phone: (603) 455-6196

    The Vegetable Ranch LLC.
    443 Kearsarge Mountain Road, Warner
    Phone: (603) 496-6391

    Warner Public Market
    19 East Main Street, Warner
    Phone: (603) 456-2602

    Yankee Farmers Market
    360 Rte 103 East, Warner
    Phone: (603) 456-2833

    Apple Orchards

    Alyson’s Orchard
    57 Alyson’s Lane, Walpole
    Phone: (603) 756-9800

    Apple Hill Farm
    580 Mountain Road., Concord
    Phone: (603) 224-8862

    Blackwater Farm
    120 Tyler Road, Contoocook
    Phone: (603) 746-2349

    Gould Hill Farm
    656 Gould Hill Rd, Hopkinton
    Phone: (603) 746-3811

    Peachblow Farm
    6 Strawberry Row, Charlestown
    Phone: (826) 398-0826 x 5700

    Poverty Lane Orchards
    98 Poverty Lane, Lebanon
    Phone: (603) 448-1511

    Work Song Farm
    124 Beech Hill Road, Hopkinton
    Phone: (603) 219-0297

      Comments

      1. No comments. Be the first to comment.

      Fall Events and Happenings in Sunapee, New London and the Surrounding Region

      What’s not to love about New London, Sunapee and the surrounding region during the fall season! Late September and the month of October are packed with events and things to do from cruising the back roads and taking in the bright colors of the leaves to fall festivals, pumpkin people, cultural events and 5k road races. Below is round up of events and happenings in fall 2019. Also, make sure to check out some of the local and regional farm stands and apple orchards this season!

      September 26

      Twilight Tasting
      Mt. Kearsarge Indian Museum, Warner
      5:30 pm – 8:00 pm

      Unique event with area restaurants, cafes, caterers and others showcasing their talents. The Mt. Kearsarge Indian Museum and The Little Nature Museum will be open and available to tour and walk the grounds.
      https://www.indianmuseum.org/calendar

      October 1 – month of October

      Return of the Pumpkin People
      Town of New London
      Throughout the month of October keep an eye out as the Pumpkin People reemerge all around New London. Hosted by the New London Recreation Department, all are welcome to participate! There are categories for residential, business and organization entries.
      https://www.facebook.com/events/453536285004783

      October 5

      Claremont Fall Festival and Chili Cook-Off
      The Green at the Claremont Visitor Center
      10:00 am – 3:00 pm

      This is the 22nd Annual Fall Festival & Chili Cook-Off 5K Race, with live entertainment, exhibitors and chili contest.
      https://www.facebook.com/events/2426571240710750/

      October 6

      Harvest Day
      Muster Field Farm, Sutton
      10:00 am – 4:00 pm
      Enjoy the beauty of Muster Field Farm in Sutton, NH while listening to live music and watching artists demonstrate and exhibit their skills and crafts! Homemade soups will be available for purchase and the farm stand will be open.
      http://www.musterfieldfarm.com/events/harvest-day-weekend

      October 6

      Open Farm Sunday
      Sanctuary Dairy Farm
      11:00 am – 2:00 PM

      Cabot is hosting a fall open house and there will be blacksmith demonstrations, pressed apple cider, warm grilled cheese sandwiches/mac-n-cheese and tours of the dairy barn.

      October 11 – 13

      72nd Annual Warner Fall Foliage Festival
      Main St., Warner
      Three days of family fun! Live music, parades, 5k road race, amusement rides, great food, farmer’s market and more!
      http://wfff.org/

      October 12

      Corbin Covered Bridge Festival
      Corbin Covered Bridge, Newport
      9:00 am – 3:00 pm

      This is a FREE event that will include historical and cultural activities, fun, food, demonstration, hands on experiences, a heritage parade through the bridge, and photo opportunities.
      https://www.facebook.com/events/405657833360964/

      October 12

      Mount Sunapee Duck Drop
      Mount Sunapee Resort, Newbury
      10:00 am – 3:00 pm
      Get ready to let the ducks fly! Enjoy live music, good food, and test out your duck tossing skills for a chance to win some great prizes.
      http://nhduckdrop.com/

      October 12-13

      Open Studio Days
      Whipple Hall, New London & Various Local Artist Studios
      10:00 am – 3:00 pm

      http://www.centerfortheartsnh.org

      October 18

      New London Chili Cook-off
      New London Historical Society, New London
      5:30 – 7:00 pm

      Come try the best chili’s in the New London region! $10 per person! You vote for the best. Winner gets $500!
      https://www.facebook.com/events/2590561287671980/

      October 26

      Haunted Harbor Halloween
      Sunapee Harbor
      5:00–7:30 pm

      https://www.facebook.com/events/2556458101079506/

      October 31

      Halloween Fun
      Wilmot Community Association Red Barn, Wilmot
      5:00–7:00 pm

      The young and young-at-heart will want to join in. The decorations will be grand and the candy, cookies, cider and other goodies sinfully delicious. Kids of all ages are welcome to stop by the Red Barn for games and treats.
      http://wilmotwca.org/upcoming-events/

      November 2-10

      Christmas at the Fells
      The Fells Historic Gardens & Estate, Newbury
      The Fells Historic Estate & Gardens, Newbury, NH Take a tour of The Fells Main House and get inspired! Professional interior designers, floral artists, decorators and talented volunteers have sprinkled their magic throughout to create this one-of-a-kind Christmas showcase.
      https://thefells.org/view-by-date/christmas-at-the-fells

      November 28

      13th Annual Lake Sunapee Turkey Trot 5K
      Sunapee Harbor
      9:00 am

      Now in its 13th year, the Lake Sunapee Turkey Trot has become a wonderful family tradition for more than 800 racers. Grab your family and friends, work off some calories, and make this great event a part of your Thanksgiving tradition.
      http://sunapeeturkeytrot.com/

        Comments

        1. No comments. Be the first to comment.

        Lori Meding and Brandy Waterman Join O'Halloran Group

        Spring and Summer 2019 have proven to be a busy season and our team continues to grow. We are thrilled to welcome two new colleagues to the O’Halloran Group—Realtor®, Lori Meding and Brandy Waterman.

        Lori began her real estate career working behind-the-scenes as a broker assistant for over six years prior to becoming a full-time Realtor in 2017. This experience has allowed Lori to be involved in every aspect of the real estate transaction from start to finish on a wide range of properties and has led to her expansive knowledge and insight of the local real estate market. Lori grew up in Newbury and has owned a home in Wilmot since 1990 where she raised her son. As a native of the Lake Sunapee Region, Lori is passionate about our community and looks forward to helping clients discover all that this area has to offer.

        Brandy comes to the O’Halloran Group from Sugar River Bank where she worked in business banking and marketing. With a long background in the banking world, she understands the importance of customer needs, and wants to make sure each client is assisted with prompt service and contact. If you haven’t meet Brandy yet, you will! Her work keeps her at the forefront of all client relations and marketing projects. Born and raised in Sunapee, now residing in Newport. She adores the communities she lives and works in. You’ll find her out and about volunteering for a number of community organizations including the Newport Area Chamber of Commerce, the Orion House and Claremont Kiwanis Club.

          Comments

          1. No comments. Be the first to comment.

          Welcome to our new blog!

          We look forward to making this the best resource for information about real estate, our local area, and current topics that impact you. Please feel free to comment on our posts if you have questions or reactions to share. If there is anything you'd like to see us write about, we'd love to hear your ideas.

            Comments

            1. No comments. Be the first to comment.

            furnished interior

            ViewRecommended Searches