Total home sales for the Lake Sunapee Region in the month of April came in at 45 bringing the cumulative sales to 215 for 2020. The median sales price was $235,000 ($5,000 above April 2019) and the average days on market (DOM) for the month was 103. Although the DOM seems high, we are seeing a lot of old inventory go under contract and close. At the same time, we are watching new to the market homes go under contract quickly, sometimes within only a few days of when they are listed. Check out the breakdown of April homes sold and what price they sold for.
Real Estate Stats
The numbers are in for the first week of April 2020. As you'll see in this post, the trend of more homes going under contract compared to 2019 continues. At the same time, new listing inventory is down 50% compared the first week of April in 2019. Check out the comparison here!
As a follow up to our homes sales report from last week, below you'll find a side-by-side comparison for March 25 through March 31 for both 2019 and 2020. Properties are still coming on the market and Real Estate was deemed an essential business--in large part due to the advocacy work of the staff and volunteers at the New Hampshire Association of Realtors. Read more.
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. Learn more.
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. Learn more.
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. Learn more.
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.
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.
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.
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.
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…
This February 35 homes sold in the New London/Sunapee Region (five more than in February 2018). This brings the cumulative number of homes sold for 2019 up to 59--only one sale more than in 2018. We also saw an increase in the median sales price from $204,000 in 2018 to $218,000 this [...]
This January, home sales totaled 24, down three sales from January 2018. However, the Median sales price increased from $204,000 in January 2018 to $259,875 in January 2019. The towns of New London and Newport had the most transactions (five homes sold in each [...]
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