o'halloran group logo

ideal

Blog :: 09-2018

2nd Annual Duck Drop!

Gather Your Flock for the 2nd Annual Duck Drop!

We had so much fun at the inaugural Duck Drop in 2017 that we are back at it and gearing up for the 2nd Annual Duck Drop scheduled for October 6! Lets face it, how can you not have a great time launching cute yellow rubber duckies off a chair lift in hopes of winning some seriously cool prizes! A HUGE THANK YOU to all of the local businesses who helped us pull together an amazing Locals Prize Package (Make sure to aim for the the OHalloran Group target if you want a chance to win it!

Thanks to the following AMAZING local businesses for helping us create a Locals Prize Package!!

  • Mug club membership at the Flying Goose Pub

  • Dinner Cruise for two on the MV Kearsarge

  • Brunch for two at the Inn at Pleasant Lake

  • $50 Gift Card to Allioops

  • $50 Gift Card to Bubbas

  • $50 Gift Card Pizza Chef New London

  • $100 in Gift Cards to Marzelli Deli

  • Blue Loon Bakery - 4 weeks of bread - two loaves of bread per week - like a bread csa
Come hang with the OHalloran Group team between 10:00 am and 2:00 pm at Mount Sunapee and join in on the fun! To buy ducks in advance of the big day and to learn more about the event, visit http://nhduckdrop.com/

Real Estate Update and Fall Things To Do

Is it still a sellers market? How long until the housing market shifts? Am I running out of time to sell my home and earn the best possible value? Should I wait for the market to change before buying? As the summer fades to an end and we start to enter the fall and winter seasons, these are the types of questions we are asked from our clients, customers, friends and family.

In addition to our monthly home sales stats that we normally report on, this month I also want to share some of the key economic predictions from the New England Realtor Committee conference and how they compare to what we are seeing locally. We also sought financing insight from Mascoma Bank SVP Mortgage Sales Manager, Cathy Murray. Click the link below to check out our blog and learn more about our Local Real Estate Market and our thoughts on where it's headed.

Gather Your Flock for the 2nd Annual Duck Drop!

We had so much fun at the inaugural Duck Drop in 2017 that we are back at it and gearing up for the 2nd Annual Duck Drop scheduled for October 6! Lets face it, how can you not have a great time launching cute yellow rubber duckies off a chair lift in hopes of winning some seriously cool prizes! A HUGE THANK YOU to all of the local businesses who helped us pull together an amazing Locals Prize Package (Make sure to aim for the the OHalloran Group target if you want a chance to win it!

Thanks to the following AMAZING local businesses for helping us create a Locals Prize Package!!

  • Mug club membership at the Flying Goose Pub
  • Dinner Cruise for two on the MV Kearsarge
  • Brunch for two at the Inn at Pleasant Lake
  • $50 Gift Card to Allioops
  • $50 Gift Card to Bubbas
  • $50 Gift Card Pizza Chef New London
  • $100 in Gift Cards to Marzelli Deli

Come hang with the OHalloran Group team between 10:00 am and 2:00 pm at Mount Sunapee and join in on the fun! To buy ducks in advance of the big day and to learn more about the event, visithttp://nhduckdrop.com/

When it comes to fall, New England does not mess around. The Lake Sunapee Region has so many amazing events and festivities lined up to be sure you, your friends and family are able to enjoy all fall has to offer. Check out our blog for a line up of all the details on the local events such as theWarner Fall Foliage Festival, Sunapee's Chowder Challenge,Muster Field Farms Harvest Weekend and more!

Update on our Delicious Neighbor Blue Loon Bakery posted their new fall hours! They will be openWed-Fri, 7:00 am - 4:00 pm; Sat 7:00 am 2:00 pm, Sun 8:00 am 2:00 pm. Also, if you havent been in recently, stop by and check out the new art exhibits by Barbara Hunting Crittersart work) and Bill Balsam (Loon photography).

Josh and Taylor at Chamber Night representing the 90's for the "Through The Decades" theme this year!

Real Estate Market Update - September 2018

Is it still a sellers market? How long until the housing market shifts? Am I running out of time to sell my home and earn the best possible value? Should I wait for the market to change before buying? As the summer fades to an end and we start to enter the fall and winter seasons, these are the types of questions we are asked from our clients, customers, friends and family.

Recently I had the opportunity to attend the annual New England Realtor Committee conference, a two-day event filled with updates from the National Association of Realtors (NAR), economic reports, and a chance to speak with other Realtors from 6 different states about what theyre seeing in their local markets.

Because we dont have a crystal ball to see into the future, we rely on current and past market data and historical trends to best advise our clients on their home purchase or sale. In addition to the monthly local home sales data that we regularly report on, I also want to share some of the key economic predictions and data points that were shared by NAR Chief Economist, Lawrence Yun.

  • Home prices are approaching record highs with foreclosures rates close to historic lows.
  • Inventory levels have fallen for three straight years and continue to be low.
  • Buyer demand is still there, but high home prices and low inventory will lead to a sales slowdown in some of the nations most overheated real estate markets.
  • Yun speculated that interest rates will rise modestly, potentially reaching 5.5% to 6% at the end of 2019 and we shouldnt expect them to come back down to current levels.

So how does this compare when we take a look at the 16 towns that make up our local market? As youll see in the graphs below, residential inventory in 2015 was just under 900 active listings. For the same month in 2016, inventory dropped closer to 600. In 2017 the decline continued to under 600 active listing, and in July 2018, inventory clocked in around 400 residential properties for sale*.

Now, what about home sales? We are still seeing high buyer demand in our local market and home sales are trending in the opposite direction despite inventory levels. In 2015 there were 572 home sales, in 2016 that number increased to 668 and then held strong in 2017 at 666 home sales.

For the million-dollar question; Where will mortgage interests rates be in the future? we look to SVP Mortgage Sales Manager at Mascoma Bank, Cathy Murray.

I monitor several sources trying to predict the answer, says Murray. Sam Khater, Freddie Macs chief economist is one of those sources. Khater recently stated Mortgage rates are currently 0.82 percent higher than a year ago, which is the biggest year-over-year increase since May 2014. Overall, this spectacular stretch of solid job gains and low unemployment should help keep home buyer interest elevated. However, mortgage rates will likely also move up, as the Federal Reserve considers short-term rate hikes this month (September) and at future meetings.

Murray continues, We have seen a decline in the refinance volume which is extremely rate sensitive. However, nationally mortgage applications to purchase a home, which are less rate-sensitive, rose one percent last week and were four percent higher than a year ago, this is according to CNBC Business News and Finance. This validates my feelingsI dont see the recent interest rate increase as the sky is falling. Peoples lives and circumstances change. They get married, they get jobs or new jobs that require relocation in some circumstances, they have children, and unfortunately, they sometimes get divorced. These changes typically require a housing change, regardless of mortgage interest rates. We are fortunate to live in such a beautiful, prosperous and resilient area. My answer to the million-dollar question; real estate remains a good investment. Borrow responsibly.

Going back to the questions at handI do believe that it is a good time to sell. Echoing Cathy, every client we work with has their own unique reasons to buy or sell, and that decision is highly personal. Given that inventory remains low and we are still seeing a high buyer demand, if personal situations indicate the time is right, then I do encourage people to list their home for sale. Summer is beautiful in the Lake Sunapee Region, but we are fortunate to be located in a four-season destination and we generally continue to see high buyer inquiry activity throughout the fall and even winter months.

As always, if have questions regarding the Sunapee Region/New London real estate market, or if you are interested in selling or buying, please reach out at any time!

Dan OHalloran Owner/Broker, OHalloran Group, Keller Williams Lakes & Mountains President Elect, New Hampshire Association of Realtors dan@sunapeeregionproperty.com C: 603-252-6428 O: 603-526-8600

*Data Source: New England Real Estate Network, 9/13/18. Class=Residential

Data based on the following towns in Merrimack and Sullivan counties: Andover, Bradford, Croydon, Goshen, Grantham, Lempster, Newbury, New London, Newport, Springfield, Sunapee, Sutton, Unity, Warner, Washington, Wilmot.

Top things to do in this Fall!

September 23 25th-Annual Harvest Moon and NatureFest Day of Family Fun Mt. Kearsarge Indian Museum, Warner, NH from10:00 am 4:00 pm Exhibitions, demonstrations, talks, stories, games, and food! https://www.indianmuseum.org/calendar/

September 23 Sunapee Harbor 18th Annual Chowder and Chili Challenge Sunapee Harbor, NH from12:00 3:00 pm Join local restaurants and chowder/chili enthusiasts as they compete for the title of best chowder or chili around! This is a deliciously fun event not to be missed. https://lake-sunapee-living.com/event/sunapee-harbor-18th-annual-chowder-and-chili-challenge/

September 24 Full Moon Cruise on theM.V. Mount Sunapee Sunapee Harbor from6:00 - 8:00 PM Join LSPA on a beautiful not-to-be-missed cruise, timed for the full moon over sparkling waters! Hors doeuvres provided; cash bar. http://www.lakesunapee.org/new-events-1/2018/9/24/full-moon-cruise

September 28 New London Hospital 13th Annual Benefit New London Historical Society, New London, NH A lively evening of food, music and dancing at the beautiful New London Historical Society. Proceeds help support our local community hospital as it celebrates its 100th anniversary of providing health care to our local communities. http://www.newlondonhospital.org/benefit/

September 30 Harvest Day Weekend Muster Field Farm, Sutton, NH from10:00 am 4:00 pm Enjoy the beautify of Muster Field Farm in Sutton, NH while listing to live music and watching artists demonstrate and exhibit their skills and crats.! Homemade soups will be available for purchase and the farm stand will be open! http://www.musterfieldfarm.com/events/harvest-day-weekend

September 30 Wilmotpalooza Wilmot Community Association Red Barn, Wilmot, NH Starting with a pancake breakfast at the WCA Red Barn, moving on to games for kids at the ball field, meet your local businesses and nonprofits,a hands-on nature workshop anda concert on the town green, plus much more! http://wilmotwca.org/upcoming-events/

October 1 Return of the Pumpkin People 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 and judging will commence on October 21. https://www.facebook.com/events/453536285004783

October 5 7 71st Annual Warner Fall Foliage Festival Main St., Warner, NH Three days of family fun! Lice music, parades, 5k road race, amusement rides, great food, farmers market and more! http://wfff.org/

October 6 Duck Drop At Mount Sunapee Resort from10:00 am 2:00 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. Learn more about the O'Halloran Group's participation and prizes! -http://blog.sunapeeregionproperty.com/2018/09/2nd-annual-duck-drop/ http://nhduckdrop.com/

October 6-7 Open Studio Days Whipple Hall, New London, NH & Various Local Artist Studios from10:00 am 3:00 pm www.centerfortheartsnh.org

October 7 Harvest Sunday 1:00 4:00 pm Demonstrations, hands-on activities, tours, and family fun! http://www.newlondonhistoricalsociety.org/2018-events.html

October 12 Latin Night at the Livery Harbor House Livery, Sunapee from 6:00 9:00 pm Special Menu and Drinks and live music! Tickets are limited. http://lakesunapeeregionchamber.com/events/details/latin-night-at-the-livery-3532

October 19 Chili Fest and Friendly Frights Haunted Walk New London Historical Society, New London, NH from5:30 7:00 PM http://www.newlondonhistoricalsociety.org/2018-events.html

October 21 The 100th Anniversary Concert Kearsarge Regional Hig School Auditorium beginning at:00 pm Performances from the Kearsarge Regional Community Band and the Kearsarge Regional School District (grades K-5) http://www.newlondonhospital.org/events/courses_classes_schedule/calendar/index.php

October 27 Trick or Treat New London Main Street, New London, NH from5:00 9:00 pm All ghouls, goblins and ghosts are encouraged to head to Main Street New London for bewitching hours! Main Street will be closed for the safety of all the trick or treaters! Hosted by the New London Recreation Department. https://www.facebook.com/events/2095170444136487/

Sunday, October 28 Halloween Fun Wilmot Community Association Red Barn, Wilmot, NH from5:00 - 7:30 pm Save the date! There will be lots of spooktacular family fun at the WCA. Details to come but you can count on it being free and open to all. http://wilmotwca.org/upcoming-events/

November 3-11 Christmas at the Fells 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

Lake Sunapee Region Home Sales August 2018

This August, home sales totaled 91 and were up by 7 transactions compared to August 2017. That being said, the median home sales price went up from $242,000 in August 2017 compared to $269,500 for August 2018. Please see below for additional Lake Sunapee Region home sales data broken down annually. 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

  • $224,500 - 822 Franklin Highway, Andover, NH
  • $245,000 - 31 Maple Street Andover, NH
  • $248,000 - 26 Lawrence Street Andover, NH
  • $499,900 - 241 Flaghole Road Andover, NH

Bradford, NH

  • $249,500 - 51 Blaisdell Lake Road Bradford, NH
  • $269,000 - 75 Hogg Hill Road Bradford, NH
  • $373,235 - 40 Frenchs Park Road Bradford, NH
  • $980,000 - 100 East Washington Road Bradford, NH

Croydon, NH

  • $225,000 193 Croydon Turnpike Croydon, NH
  • $277,000 36 Bouldervale Road Croydon, NH
  • $297,500 73 Winter Road Croydon, NH

Goshen, NH

  • $195,000 223 Cross Road Road Goshen, NH

Grantham, NH

  • $115,000 - 63 Hemlock Lane, Grantham, NH
  • $120,000 - 8 Summit Drive, Grantham, NH
  • $175,000 - 3 Whip Poor Will Walk, Grantham, NH
  • $234,545 - 58 Brookridge Drive, Grantham, NH
  • $240,000 - 15 Slalom Drive, Grantham, NH
  • $247,000 - 49 Hummingbird Hill, Grantham, NH
  • $264,900 - 10 Cove Drive, Grantham, NH
  • $271,200 - 1168 Dunbar Hill Road, Grantham, NH
  • $273,000 - 47 Hummingbird Hill, Grantham, NH
  • $305,000 - 12 Summit Drive Grantham, NH
  • $352,000 - 333 New Aldrich Road, Grantham, NH
  • $356,950 - 19 Walton Heath Drive, Grantham, NH
  • $375,000 - 322 Cote Road, Grantham, NH
  • $380,000 - 31 Longwood Drive, Grantham, NH
  • $430,000 - 16 Morning Hollow Lane, Grantham, NH
  • $435,000 - 1029 Dunbar Hill Road, Grantham, NH
  • $440,000 - 14 Sugar Hill Road, Grantham, NH

Lempster, NH

  • $189,900 - 756 NH Rte 10 Highway, Lempster, NH
  • $190,000 - 237 Mountain Road, Lempster, NH

New London, NH

  • $245,000 - 27 Pearl Street, New London, NH
  • $280,000 - 100 Hemlock, Lane New London, NH
  • $355,000 - 61 Fox Run Lane, New London, NH
  • $375,000 - 55 Blueberry Lane, New London, NH
  • $445,000 - 964 County Road, New London, NH
  • $450,000 - 465 Little Sunapee Road, New London, NH
  • $820,000 - 112 Herrick Cove Lane, New London, NH

Newbury, NH

  • $224,210 - 35 Southgate Road, Newbury, NH
  • $249,000 - 32 Birch Bluff Drive, Newbury, NH
  • $250,000 - 114 Chalk Pond Road, Newbury, NH
  • $310,000 - 140 South Road, Newbury, NH
  • $495,000 - 10 Old Mill Road, Newbury, NH

Newport, NH

  • $105,000 - 36 Laurel Street, Newport NH
  • $134,800 - 11 Falls Road, Newport, NH
  • $317,000 - 290 Cornish Turnpike Road, Newport, NH
  • $369,000 - 456 Cornish Turnpike, Newport, NH
  • $400,000 - 300 Barton Whitney Road, Newport, NH

Springfield, NH

  • $115,000 - 2997 Main Street, Springfield, NH
  • $185,000 - 19 Twin Lake Villa Loop Springfield, NH
  • $215,000 - 22 Lamson Lane Springfield, NH
  • $294,000 - 617 Hogg Hill Road Springfield, NH
  • $405,000 - 35 Oak Hill West Road Springfield, NH
  • $410,000 - 3589 Main Street Springfield, NH
  • $412,500 - 352 Twin Lake Villa Road Springfield, NH

Sunapee, NH

  • $220,000 - 198 Ryder Corner Rd., Sunapee, NH
  • $275,000 - 9 West Hill Road, Sunapee, NH
  • $280,000 - 14 Paradise Road, Sunapee, NH
  • $310,000 - 15-17 Pochelon Road, Sunapee, NH
  • $400,000 - 56 Burma Road, Sunapee, NH
  • $425,000 - 129 Ryder Corner Road, Sunapee, NH
  • $1,321,400 - 45 West Shore Road, Sunapee, NH
  • $1,760,000 - 33 West Shore Road, Sunapee, NH

Sutton, NH

  • $$119,000 - 11 Davis Court, Sutton, NH
  • $339,000 - 39 East Sutton Road, Sutton, NH
  • $395,000 - 46 Bailey Road, Sutton, NH

Unity, NH

  • $113,000 - 38 Dunham Road Unity, NH
  • $145,000 - 418 Cold Pond Road Unity, NH
  • $225,000 - 52 Page Road, Unity, NH
  • $365,000 - 5 Point Drive, Unity, NH

Washington, NH

  • $155,000 196 Adams Drive, Washington, NH
  • $220,000 136 E. Shore Drive, Washington, NH
  • $330,000 90 Wild Acre Drive, Washington, NH
  • $185,000 783 North Main Street, Washington, NH
  • $220,000 77 Stowell Road, Washington, NH
  • $640,000 821 Ashuelot Drive, Washington, NH
  • $285,000 166 Cove Road, Washington, NH

Wilmot, NH

  • $129,000 - 75 Pound Road, Wilmot, NH
  • $209,000 - 90 Jewell Road, Wilmot, NH
  • $264,000 - 156 Kearsarge Valley Road, Wilmot, NH

Lake Sunapee Region Home Sales September 2018

This September, home sales totaled 76 and were up by 5 transactions compared to September 2017. Year-to-date, 501 properties have sold in the Lake Sunapee Region and the median sales price is $245,000. For comparison, from January through September 30, 2017, 488 properties sold, and the median sales price was $240,000. Even though the leaves are changing color and we are starting to prepare for the fall and winter seasons, we continue to see strong buyer demand and new inventory coming on the market. 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 $260,000 - 4 Morrill Hill Road Andover, NH $267,750 - 117 Chase Hill Road Andover, NH

Bradford, NH $28,000 - 6-47 Jewett Road Bradford, NH $189,900 - 888 West Road Bradford, NH $195,000 - 3031 State Highway Route 114 Bradford, NH $198,000 - 694 County Road Bradford, NH

Goshen, NH $92,000 - 1217 Brook Road Goshen, NH $155,000 - 491 Rand Pond Road Goshen, NH $155,000 - 903 Brook Road Common Goshen, NH

Grantham, NH $120,000 - 141 Route 114 Grantham, NH $130,000 - 35 Slalom Drive Grantham, NH $159,900 - 3 Bobbin Hill Road Grantham, NH $195,000 - 94 Longwood Drive Grantham, NH $219,500 - 15 Wedgewood Drive Grantham, NH $238,500 - 39 Hummingbird Hill Grantham, NH $243,000 - 64 High Pond Road Grantham, NH $245,000 - 32 Allens Drive Grantham, NH $250,000 - 38 Hummingbird Hill Grantham, NH $257,500 - 26 Hummingbird Hill Drive Grantham, NH $279,000 - 1049 Miller Pond Road Grantham, NH $295,000 - 40 Sherman Drive Grantham, NH $299,000 - 51 Bright Slope Way Grantham, NH $299,900 - 7 Whip Poor Will Walk Grantham, NH $330,000 - 4 Pinehurst Drive Grantham, NH $355,000 - 13 Alpine Vista Drive Grantham, NH $370,000 - 51 Anderson Pond Road Grantham, NH $399,000 - 9 Longwood Drive Grantham, NH

Lempster, NH $47,000 - 444 Mountain Road Lempster, NH

New London, NH $265,000 - 65 Squires Lane New London, NH $268,000 - 86 Laurel Lane New London, NH $291,500 - 458 Forest Acres Road New London, NH $350,000 - 195 Shaker Street New London, NH $495,000 - 289 Wilder Lane New London, NH $565,000 - 105 Westside Drive New London, NH $790,000 - 70 Surrey Lane New London, NH $823,155 - 98 Oakmont Road New London, NH $1,220,000 - 58 Little Cove Road New London, NH

Newbury, NH $250,000 - 64 Birch Bluff Road Newbury, NH $613,000 - 4 Fox Hollow Road Newbury, NH

Newport, NH $110,000 - 338 Bradford Road Newport, NH $138,000 - 16 Cheney Street Newport, NH $150,000 - 21 Mcdonough Road Newport, NH $168,500 - 9 Lighthouse Way Newport, NH $192,500 - 19 Old Goshen Road Newport, NH $205,900 - 30 Sunshine Avenue Newport, NH

Springfield, NH $240,000 - 3627 Main Street Springfield, NH $245,000 - 10 Buck Common Springfield, NH

Sunapee, NH $175,000 - 707 Route 103 Route Sunapee, NH $195,000 - 8 Lower Winn Hill Road Sunapee, NH $219,000 - 22 Burma Road Sunapee, NH $285,000 - 90 Mary's Road Sunapee, NH $325,000 - 41 Coventry Drive Sunapee, NH $350,000 - 68 DOWD LANE Lane Sunapee, NH $435,000 - 14 Sunnyside Terrace Sunapee, NH

Sutton, NH $129,000 - 60 NEWBURY ROAD Sutton, NH $162,000 - 212 Baker Hill Road Sutton, NH $195,000 - 5 Davis Court Sutton, NH $238,500 - 98 Main Street Sutton, NH $245,500 - 395 Newbury Road Sutton, NH $295,000 - 93 Cottage Lane Sutton, NH $399,000 - 49 Davis Court Sutton, NH

Unity, NH $164,900 - 37 Old Chandlers Mills Road Unity, NH $175,000 - 316 Mica Mine Road Unity, NH $235,000 - 342 Quaker City Road Unity, NH $367,000 - 10 Point Drive Unity, NH

Warner, NH $180,000 - 315 Poverty Plains Road Warner, NH $203,000 - 3 MILL Street Warner, NH $270,000 - 11 Waldron Hill Road Warner, NH $357,000 - 70 East Main Street Warner, NH

Washington, NH $205,000 - 631 Presidential Drive Washington, NH $300,000 - 104 Garfield Road Washington, NH

Wilmot, NH $379,000 - 20 Deerwood Drive Wilmot, NH $400,000 - 48 Route 4A Road Wilmot, NH $745,000 - 22 Quiet Cove Road Wilmot, NH $760,000 - 262 Kearsarge Mountain Road Wilmot, NH $1,076,800 - 35 Wilmot Center Road Wilmot, NH

There were no sales in Croydon, NH for September.

furnished interior

ViewRecommended Searches