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Real Estate Stats

What's Happening in the Local Real Estate Market?

We recognize that the past several weeks have been uneasy for many, and there’s plenty of uncertainty coming in the days ahead. However, if it’s one thing we have always believed in, it’s providing as much data as we can to help our clients make the best decisions based on the best information.

Historically we have published monthly updates on our local real estate market. With the recent economic ups and downs, we will be posting weekly market updates to help you keep your finger on the pulse of local home sales data. Below you'll find a side-by-side comparison for March 15 through March 24 for both 2019 and 2020. We'll continue to post similar content as the weeks go on, but if you'd like to see data for other timeframes, give us a shout and we can run that as well.

2019 - March 15 to March 24 vs  2020 March 15 to March 24

2020
Highest sale: 50 Middlebrook Rd., Sunapee - $775,000
Lowest sale: 404 Sanborn Hill Rd., Springfield - $97,125

2019
Highest Sale: 118 Rowell Hill Rd., Sutton - $645,000
Lowest Sale: 2 Clark St., Newport - $38,500

 

If you have any questions regarding the home sales data, or if you would like additional information on a specific town or neighborhood, call/email/text any one of our team members

Home Sales, February 2020

Total home sales for the Lake Sunapee Region totaled 40 for the month of February bringing cumulative sales to 80 for the year. The median sales price was $235,000, only a $500 difference from the median list price of $234,500. Home sales are up slightly from February 2019 where we saw 38 sales with a median sold price of $214,000. Out of the 16 towns included in this data, Wilmot, NH saw the highest number of sales with six homes sold. Below you’ll find the list of home sales broken down by town.

If you have any questions regarding February home sales data, or if you would like additional information on a specific town or neighborhood, call/email/text any one of our team members!


February Homes Sales by Town

Bradford, NH
$50,000 - 60 Blaisdell Lake Road
$199,000  -  856 West Road

Grantham, NH
$287,500  -   30 Hummingbird Hill
$330,000  -  17 Forest Road
$500,000  -  146 Chester Road

Lempster, NH
$220,000  -  137 Cutler Road

New London, NH
$385,000  -  443 Mountain Road
$495,500  -  14 Highland Ridge
$600,000  -  240 Woodland Trace
$3,650,000  -  81 Lighthouse View Road

Newbury, NH
$126,500  -  27 Fortune Lane  
$200,000  -  94 Route 103
$210,000  -  25 Hilltop Drive
$240,000  -  193 Route 103 Route
$265,000  -  267 Old Post Road

Newport, NH
$25,000  -  146  Laurel Street
$60,000  -  47 Beech Street
$88,500  -  21 William Street

Springfield, NH
$173,900  -  723 Main Street   
$198,900  -  22 Glenwood Drive

Sunapee, NH
$155,000  -  477 Edgemont Road
$637,000  -  44 Harbor Hill Road
$1,037,500  -  640 Edgemont Road

Sutton, NH
$175,000  -  676 Old Main Street
$315,000  -  91 Chalk Pond Road
$373,400  -  428 Shaker Road
$900,000  -  125 Summit Road

Warner, NH
$45,000  -  43 Melvin Mills Road  
$262,100  -  114 Route 103E
$349,000  -  32 NH Route 127

Washington, NH
$111,500  -  148 Halfmoon Pond Road
$198,000  -  27 Adams Drive

Wilmot, NH
$185,000  -  27 Kearsarge Valley Road
$212,000  -  355 N Wilmot Road
$230,000  -  82 Village Road
$330,000  -  246 Stearns Road
$435,000  -  59 Shindagan Road
$570,000  -  104 Old Winslow Road

In February there were no home sales in Andover, Croydon, Goshen and Unity

Home Sales, January 2020

This January, home sales in the Lake Sunapee Region totaled 40! That’s 16 more sales compared to January 2019, and a record high since we began collecting homes sales data in 2005. The median sales price did slip down from $259,875 in 2019 to $242,000, and the average days on market clocked in at 92. Grantham saw the most home sales with seven homes sold. The chart below shows historical home sales going back to 2005 and Individual home sales, are broken down by town. If you have questions, or are interested in data for individual New Hampshire towns, including land and investment property information, feel free to call/email/text any one of our team members!

Home Sales Data January 2020

 

January Home Sales by Town

Andover, NH
$164,900  -  828 Franklin Highway    
$285,000  -  50 Maple Street

Bradford, NH
$207,500  -  11 Ring Hill Road
$298,800   -  45 Maple View Drive

Croydon, NH
$146,000  -  0 Kemp Road

Goshen, NH
$110,000  -  1695 Brook Road
$340,000  -  590 Center Road

Grantham, NH
$175,000  -  15 Barn Owl Overlook    
$234,500  -  37 Walton Heath Drive
$240,000  -  26 Summit Drive
$280,000  -  89 Stocker Pond Road    
$332,000     12 Knob Hill
$350,000     25 Longwood Drive
$580,000     6 Allens Drive

New London, NH
$350,000  -  30 Chestnut Lane
$415,000  -  158 Summit View Road
$912,500  -  75 Bartons ROW

Newbury, NH
$200,000  -  42 Fowler Mill Road
$210,000  -  251 BAKER HILL Road
$552,000  -  51 Hearthstone Road
$1,400,000  -  21 Lakewood Manor Road

Newport, NH
$110,000  -  157 Maple Street
$155,000  -  58 Summer Street
$169,125  -  166 Pine Street
$190,000  -  31 Oak Street

Springfield, NH
$170,000  -  2527 Route 4A Route
$323,750  -  191 Four Corners Road

Sunapee, NH
$159,900  -  265 Prospect Hill Road
$200,000  -  26 Brook Road
$750,000  -  747 Jobs Creek Road
$1,962,000  -  40 Birch Point Road

Sutton, NH
$275,000  -  1733 Route 114

Warner, NH
$193,000  -  555 Schoodac Street

Washington, NH
$90,000  -  36 Snow Road
$190,000  -  150 Madison Drive
$215,000  -  564 Dole School House Road

Wilmot, NH
$245,000     573 NH 11 Route
$320,000     54 Cascade Road
$350,000     396 N Wilmot Road
$405,000     21 Quaker Path

There were no sales in Lempster or Unity for January 2020.

Data Source: New England Real Estate Network, February 26, 2020. Subject to errors and omissions.

2019 Lake Sunapee Home Sales

In 2019 home sales on Lake Sunapee increased 57% when compared to 2018 home sales. During 2019, 22 lakefront homes sold in 2019 compared to 14 in 2018. Out of those 22 lakefront homes, the median sales price was $1,400,000, with the highest priced lakefront house selling at $5,700,00 and the lowest at $525,000.

When looking at lakefront home sales by town, there were 12 properties sold in Newbury, 9 in Sunapee and 1 in New London. When combining all lakefront home sales on Lake Sunapee, a grand total of 3,472 feet of waterfront (or .66 miles) was sold.

 

Lake Sunapee Waterfront Home Sales Infographic 2019

 

Waterfront Property Appreciation

Taking a look at historical home sale trends on Lake Sunapee, we ran the cost per foot of waterfront sold. Since 2016 the per foot cost of waterfront property on the lake has appreciated from $6,547.47 per foot to $11,429.07. 2018 did see a higher cost per foot coming in at $12,009.47, but fewer lakefront home sales.  

 

Waterfront Property Appreciation

 

If we go all the way back to 2003 (when we started collecting this data), and compare the median sales price per lakefront home sold, you’ll see a steady appreciation of value. In 2003, 8 lakefront homes sold, and the median sales price was $562,500. Check out the chart below to see how waterfront properties on Lake Sunapee have appreciated over the years, as well as days on market and total Lake Sunapee home sale trends by town.

 

Lake Sunapee Waterfront Home Sales

 

If you are looking to buy a lakefront property in New Hampshire, or are interested in knowing the value of your waterfront home in today’s market,  call, email or text a member of our real estate team today!

Interested in learning more about the best New Hampshire lakes in the Sunapee Region? We are happy to provide a local perspective on each of the beautiful lakes and ponds that make our area so special. 

 

Sunapee Region Home Sales and Values 2000 to 2019

It’s no surprise that the 2019 housing market is another one for the books. Following a strong 2018 where we saw a record-breaking median sales price of $282,500 in New Hampshire, 2019 is showing equally notable stats coming in with a median sales price of $300,000, year-to-date as of November. Of course, December sales will impact that number, but it prompted us to take a deeper dive into historical homes sales data. Since we’ll soon be celebrating the beginning of a new decade, we wanted to dust off the numbers going back to 2000. Here’s what we found…

Since 2000, the median sales price has increased by 63% for the State. Looking at our local market, the median sales price for the Sunapee Region* has increased by 57%. Another remarkable data point to note is the Days on Market (DOM) which have dropped from 100 in 2000 to 61 DOM in 2018 for New Hampshire, and 110 to 50 DOM for the Sunapee Region. Locally we are seeing the DOM for 2019 hover around 39 and the median sales price at $250,000**.

The number of single-family properties sold are continuing to hold steady with 2018 transactions (644 transactions from Jan 1 – Dec 10), which is higher than pre-recession sales in 2005, both locally and for New Hampshire. In 2018 there were 655 transactions compared to 573 in 2015 and 613 in 2005. In 2010 when we were in the midst of the recession, single family home sales came in at 388 for the year.  Single-family home sales for the State followed a similar pattern with 17,525 transactions in 2018, 16,159 in 2015, 10,525 in 2010 and 16,264 in 2005.

The graphs below display median sales price data and DOM for both New Hampshire and our local market looking back to the year 2000. If you’re curious about data specific to a certain town, please feel free to reach out and we would be happy to send you town reports! As always, if you have questions regarding your local real estate market, we are available to provide additional information—feel free to call, text or email any of us on the O’Halloran Group Team.
Median Home Sales Price New Hampshire

 

Median Home Sales Price Lake Sunapee Region

 

Home Sales Days on Market New Hampshire

 

Home Sales Days on Market Lake Sunapee Region

* The Sunapee Region data set includes residential, single-family homes sales from the following 16 towns: Andover, Bradford, Croydon, Grantham, Goshen, Lempster, Newbury, New London, Newport, Springfield, Sunapee, Sutton, Unity, Warner, Washington, Wilmot.

** Data pulled for the following time period: January 1, 2019 - December 10, 2019.

Lake Sunapee Region Home Sales - February 2019

Although the first day of Spring is right around the corner, home inventory remains low and buyer interest is high. If you are thinking of buying or selling, or know someone who is, please feel free to give us acall/email/text!


Below is the historical home sales data and what sold by town this past month.

Andover, NH
$90,000 - 5 Stewart Street, Andover, NH
$244,900 - 180 Bridge Road, Andover, NH

Bradford, NH
$199,500 - 22 Greenhouse Lane, Bradford, NH
$215,000 - 16 High Street, Bradford, NH
$250,000 - 15 Steele Road, Bradford, NH
$500,000 - 32 West Meadow Road, Bradford, NH

Grantham, NH
$133,050 - 52 Troon Drive, Grantham, NH
$218,000 - 12 Slalom Drive, Grantham, NH
$242,000 - 11 Bogie Place, Grantham, NH
$307,000 - 70 Troon Drive, Grantham, NH

Lempster, NH
$91,000 - 69 Nichols Road, Lempster, NH

New London, NH
$353,000 - 121 Page Road, New London, NH
$482,000 - 1058 Main Street, New London, NH
$485,000 - 156 Davis Hill Road, New London, NH

Newbury, NH
$770,000 - 250 Rollins Road, Newbury, NH

Newport, NH
$90,000 - 46 Bascom Road, Newport, NH
$120,000 - 30 Middle Street, Newport, NH
$140,400 - 16 Beverly Street, Newport, NH
$173,000 - 45 Palmay Hill Drive, Newport, NH
$213,000 - 91 Chestnut, Newport, NH

Springfield, NH
$266,000 - 35 Winding Wood Road, Springfield, NH
$345,200 - 200 Oak Hill Road West, Springfield, NH

Sunapee, NH
$183,000 - 8 Depot Street, Sunapee, NH
$249,000 - 16 Sunnyside Drive, Sunapee, NH
$425,000 - 13 Maple Street, Sunapee, NH

Sutton, NH
$225,000 - 90 Anderson Road, Unity, NH
$236,500 - 205 Baker Hill Road, Sutton, NH

Unity, NH
$110,000 - 208 N Shore Road, Unity, NH
$126,900 - 676 Unity Springs Road, Unity, NH
$140,000 - 8 Skyline Road, Unity, NH
$180,000 - 3 Judkins Road, Unity, NH

Warner, NH
$44,000 - 43 Melvin Mills Road, Warner, NH
$110,000 - 65 Toms Pond Lane, Warner, NH
$285,000 - 16 Danny Boy Lane, Warner, NH
$420,000 - 94 Howe Lane Warner, NH

There were no sales inAndover, Croydon, Goshen, and Wilmot,NH for February.

Lake Sunapee Region Home Sales January 2019

If you are thinking of buying or selling, or know someone who is, please feel free to give us acall/email/text!

Below is the historical home sales data and what sold by town this past month.

Bradford, NH
$210,000 - 3087 State Route 114 Bradford, NH

Croydon, NH
$303,500 - 418 Pine Hill Road Croydon, NH

Grantham, NH
$155,000 - 1001 Miller Pond Road, Grantham, NH
$230,000 - 23 Walton Heath Drive, Grantham, NH
$235,000 - 3 Longwood Drive, Grantham, NH
$239,000 - 25 Allens Drive, Grantham, NH

New London, NH
$259,750 - 1082 Main Street, New London, NH
$260,000 - 593 Burpee Hill Road, New London, NH
$445,000 - 169 Wilder Lane, New London, NH
$574,000 - 747 Lakeshore Drive, New London, NH
$582,000 - 438 Brookside Drive, New London, NH

Newbury, NH
$390,000 - 39 Hearthstone Road, Newbury, NH

Newport, NH
$32,500 - 309 Maple Street, Newport, NH
$70,000 - 129 Cheney Street, Newport, NH
$91,000 - 13 Lorraine Street, Newport, NH
$333,750 - 148 Cornish Turnpike, Newport, NH
$620,000 - 286 Blueberry Ridge Road, Newport, NH

Springfield, NH
$198,000 - 182 Sanborn Hill Road, Springfield, NH

Sunapee, NH
$224,000 - 15 West Court Road, Sunapee, NH
$313,500 - 160 Burkehaven Road, Sunapee, NH
$347,500 - 27 Granholm Lane, Sunapee, NH

Unity, NH
$225,000 - 1016 2nd NH Turnpike, Unity, NH

Warner, NH
$262,500 - 48 Gore Road Warner, NH

Washington, NH
$385,000 - 1669 Valley Road, Washington, NH

There were no sales inAndover, Goshen, Lempster, Sutton, Wilmot,NH for January.

Lake Sunapee Region Home Sales December 2018

This December, home sales totaled41. To close the year, 655 properties have sold in the Lake Sunapee Region and the median sales price is$250,000. If you are thinking of buying or selling, or know someone who is, please feel free to give us acall/email/text!

Below is the historical home sales data and what sold by town this past month.

Bradford, NH $149,900 - 63 West Road, Bradford, NH $179,000 - 8 Pleasant Valley Road, Bradford, NH

Croydon, NH $363,800 - 164 Cash Street, Croydon, NH

Goshen, NH $69,900 - 186 Lear Hill Road, Goshen, NH

Grantham, NH $154,000 - 325 Route 114 Route, Grantham, NH $162,500 - 29 Robin Lane, Grantham, NH $315,000 - 49 Troon Drive, Grantham, NH $362,000 - 1 Oak Lane, Grantham, NH $719,500 - 9 Rolling Hill Place, Grantham, NH

New London, NH $56,000 - 483 Mountain Road, New London, NH $249,000 - 646 County Road, New London, NH

Newbury, NH $95,000 - 40 Bell Cove Road, Newbury, NH $164,000 - 188 Morse Hill Road, Newbury, NH $205,000 - 94 Gillingham Drive, Newbury, NH $271,350 - 168 Chalk Pond Road, Newbury, NH $328,000 - 318 Old Post Road, Newbury, NH $339,000 - 26 Pleasant Street, Newbury, NH $444,400 - 47 Cummings Drive, Newbury, NH $1,900,000 - 186 Bowles Road, Newbury, NH

Newport, NH $160,000 - 13 Pollards Mill Road, Newport, NH $165,000 - 34 Spring Street, Newport, NH $173,400 - 412 Oak Street, Newport, NH $217,000 - 121 Pollards Mills Road, Newport, NH $255,000 - 94 Breakneck Road, Newport, NH

Springfield, NH $270,000 - 1241 Stoney Brook Road, Springfield, NH $325,000 - 338 Four Corners Road, Springfield, NH $430,000 - 56 Sanborn Hill Road, Springfield, NH

Sunapee, NH $147,800 - 748 Route 103, Sunapee, NH $177,000 - 7 Sleeper Road, Sunapee, NH $195,500 - 10 Riverside Drive, Sunapee, NH $248,000 - 29 Meadow Brook Road, Sunapee, NH $515,000 - 21 B Indian Cave Landing Road, Sunapee, NH

Sutton, NH $30,000 - 5 Old Main Street, Sutton, NH $300,000 - 91 Chalk Pond Road, Sutton, NH $485,000 - 37 Whiskey Pine Road, Sutton, NH $485,000 - 37 Whiskey Pine Road, Sutton, NH

Warner, NH $160,000 - 555 Schoodac Road, Warner, NH $242,000 - 39 Waldron Hill Road, Warner, NH

Washington, NH $225,000 - 476 Dole School House Road, Washington, NH

Wilmot, NH $160,000 - 300 Route 4A, Wilmot, NH

There were no sales inAndover, Lempster or Unity,NH,for December.

Winter Market Update

Winter Market Update

The winter season has very quickly descended upon the Sunapee Region and faster than some had hoped for. As outdoor enthusiasts, we tend to enjoy the early snow, but we know that it can also cause a bit of angst for those who are looking to sell their home. With the holiday season in full swing, and people settling into their cold-weather routines, we began to receive a myriad of questions from our selling clients. Below are a few of the most common questions that we hear:

Should I list my home now? If the time is right for you to sell your home and move on to a new adventure, then the winter market can provide a good opportunity to take that next step. The number one benefit to listing in the winter is the low inventory rate and lack of competition. As youll see in the chart below, inventory levels dip considerably in the winter months. When it comes to value, historically, there is an increase in the difference of average list price to average sales price and an increase in the average days on market.

Should I take my home off the market? The answer to this question is it depends. For some, the thought of having to keep up with showing requests around the holiday season seems like a nightmare. If this is you, and youre not in a rush to sell, then a break might be an OK option. However, I often caution clients against taking their home off the market and heres why. This time of year inventory tends to be at the lowest levels which means far less competition than over the summer months. Buyers are still looking and with interest rates on the rise, they are making decisions.

Will buyer interest weaken over the holidays? Yes and No. Its true that some buyers may put a hold on their search for fear of making a move during the winter months, but generally speaking, serious and motivated buyers will continue house hunting. Others will take advantage of holiday time off and become even more committed to locating their new home. They may also take advantage of being around friends and family to gather opinions and make their decision. (While writing this article, we realized that all of us in our office bought homes in the winter months!)

Do I need to lower my asking price? I often respond to this question with, the season does not dictate the value of your home, the market does. Regardless of the time of year, the listing price of your home should be based off of current and relevant market datameaning comparable properties that are on the market, have recently sold and are under contract. If you listed your home in the summer or fall, and youre still on the market, then it would be beneficial to request an updated market analysis from your Realtor to make sure your home is listed at an appropriate value.

Should I wait for the spring market? Serious buyers dont stop their home search just because its cold outsidewith the evolution of technology and instant access to property listings via mobile apps, tablets and smart phones, buyers continue their research with ease. Additionally, if you will also be on the buying side once your home sells, you may benefit from the slightly lower than average home sales prices. Another factor to keep an eye on are mortgage interest rates which have been slowly creeping up in 2018.

If you decide to list your home for sale this winter, it is important to take extra care in property maintenance and staging. Here are some recommended tips to make the best first impression with potential buyers.

Tips when selling your home in the winter

  • Keep your driveway and walkways clear of snow and ice. Have a shovel handy for your realtor if its snowing the day there is a showing.
  • Pay special attention to mudrooms and entryways by clearly defining where winter coats and boots will go and making it an easy transition to come in from the outside.
  • Create a warm (65+ degrees) and inviting atmosphere. Show off how cozy that wood stove or gas fireplace makes your home. Replace lightbulbs that have gone out and bring in extra lights if needed to brighten up darker rooms.
  • Dont ignore basic home maintenance. Make sure boilers and furnaces are in good working order and up-to-date on inspections. Check for door and window drafts, replace cracked weather stripping, keep up with the extra sand and salt that can easily be tracked inside.

Towns included: Andover, Bradford, Croydon, Grantham, Goshen, Lempster, Newbury, New London, Newport, Springfield, Sunapee, Sutton, Unity, Warner, Washington, Wilmot.

Realtor

Quarter Four Newsletter

As 2018 comes to a close, we want to say thank you to all of our clients (current and past) for allowing us to be a part of your home buying and/or selling journey. Its a true privilege and honor to work with you during such an important transition, and we are grateful for the trust you have placed in us. We also want to thank our friends and family for the support and encouragement you have given us as we have reached new milestones this yearincluding opening our office on Main Street in New Londonwe couldnt have done it without you! We wish you all a very happy and safe holiday season, and we are beyond excited to see what 2019 brings!

Happy holidays, Dan, Christina, Taylor, Josh and Ben The OHalloran Group

Winter Market Update

The winter season has very quickly descended upon the Sunapee Region and faster than some had hoped for. As outdoor enthusiasts, we tend to enjoy the early snow, but we know that it can also cause a bit of angst for those who are looking to sell their home. With the holiday season in full swing, and people settling into their cold-weather routines, we began to receive a myriad of questions from our selling clients. Click the link to read our blog article highlighting a few of the most common questions that we hear.

Click here to read more!

OHalloran Group Welcomes Ben Cushing and the Cushing School of Real Estate

The OHalloran Group is pleased to welcome Realtor and broker, Ben Cushing. In November, Ben launched theCushing School of Real Estateand is now offering both the salesperson pre-licensing certification course and continue education classes. With more than 22 years of real estate experience, he brings a wide spectrum of real estate industry knowledge and real-life scenarios into the class room. Ben is also part of the OHalloran Group, Keller Williams Lakes & Mountains teamso if you stop by our Main Street office in New London, you may see Ben around!For more information about The Cushing School of Real Estate, Click Here!

Their are so many wonderful ways to enjoy winter here in the Lake Sunapee Region and we don't want you to miss any of our favorite local traditions. Check out the link below to read our blog with all the festivities including our favorites such at; Dinner with Jack Frost, Ice Day at Muster Field Farm and much more!

Click here to see the full run down!

furnished interior

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