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Blog :: 12-2018

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!

Things To Do This Winter!

December 2 Dashing Through the Snow Holiday Open House at the New London Historical Society from 12-3pm- Holiday fun at the Village! Crafts, musical performances, hearth side cooking, refreshments, raffle, and a carol sing along. Teddy Bear Parade - Dress up your teddy bear, visit the bears on display and parade through the Carriage and Sleigh Museum - parade begins at 2:45 https://www.facebook.com/events/333261160772601/

December 8 Christmas at the Livery at 58 Main Street in Sunapee from 1-4pm - Visit with Santa and Mrs. Claus and enjoy face painting, crafts, storytelling and singing. https://www.facebook.com/events/331167867439374/?active_tab=about

December 9 Santa comes to Wilmot from 1-2pm at the WCA Red Barn. Stop by with your children to share their list with Santa and John Swindell will take a complimentary photography for each family or child with the jolly old elf! There will also be a craft project, cookies and cocoa for all!

December 9 Christmas Dinner Cooking Class at the Inn at Pleasant Lake from 4-5:30pm - Prepare yourself for Christmas dinner with Chef Leary as he prepares a special Hors d'oeuvre, Christmas Dessert and Side Dishes in this cooking class. https://innatpleasantlake.com/new-hampshire-cooking-classes.html

December 9 Ski at Mount Sunapee from 9-4pm for just $35 with a contribution of five non-perishable food items! Bring your food items to any ticket window or the Guest Services desk at either Sunapee Lodge or Spruce Lodge. Your donations will benefit local families and food shelters. https://www.mountsunapee.com/mountain/calendar/?v=list&c=2&p=1&m=20190101&id=59

December 24 Christmas Eve Pageant hosted by Bradford Center Meetinghouse from 5-6pm.Bundle up your loved ones and join us for this quintessential Christmas Eve event! Our community gathers together in holiday cheer, finding a moment deep in spirit, singing songs and making memories. https://www.facebook.com/events/2804495513109122/

January 2 Winter song night at the Fells from 7:30-8:30pm. Come to the Gatehouse at The Fells to join in a sing-along. Bring a song to sing, bring an instrument, or just come to listen. This event is free, open to the public and runs every first Wednesday of the month through March 6th, 2019. https://thefells.org/view-by-date/2018/12/5/winter-song-night-wshze

January 20 Snowshoe and Hot Chocolate with the Newbury Rec. Department from 10-12pm at Fisherfield Park, Newbury NH.Join us for a morning snowshoe exploring the beautiful Fishersfield Park. We'll wind our way through the snowy trails and end our walk with a well-deserved cup of hot chocolate and light refreshments! *All skill levels and ages welcomed! https://www.facebook.com/events/2234131733570610/

January 20 Ice day at Muster Field Farm Museum in Sutton NH from 9am until the ice is in! - Gather the family, bundle up and share a New England tradition at Kezar Lake and Muster Field Farm Museum. http://www.musterfieldfarm.com/events#node-50

Photographs by J. Bradley - http://www.musterfieldfarm.com/events#node-50

Any Weekend Day Tube at The Pinnacle Plunge Tubing Park at Ragged Mountain! The Pinnacle Plunge tubing park is 700-feet in length (more than 2 football fields), with four lanes, and is designed with a series of pitches and rollers for speeds up to 30 mph, ending in a 250-ft run-out. A carpet lift will bring snow tubers from the base area to the top of the tubing park. Its a ride you dont want to miss! https://raggedmountainresort.com/Tubing/

February 7 Adult trip to Ice castles from 3-8pm - Join New London Recreation Dept to a fun trip to the Lincoln Ice Castles followed by dinner at the Common Man restaurant.limited to 14 passengers. register asap by calling 526-6401 https://www.facebook.com/events/2082307675142329/

https://icecastles.com/lincoln

Febuary 8 Dinner with Jack Frost - Winter Carnival from 5:30-7pm - A taste of New London and beyond! This outdoor dinner takes place on the quad at CSC with area restaurants offering different courses to a meal. Tiki torches and campfires will keep us warm. Fun for the whole family!

Any day their is snow! Cross country ski using the Pine Hill Ski Club's miles of groomed trails. Trail fees are $15 for a day pass and is collected by the honor system at the trail head located at Mountain Road in New London. https://pinehillskiclub.com/

Lake Sunapee Region Home Sales November 2018

This November, home sales totaled 52. Year-to-date, 614properties have sold in the Lake Sunapee Region and the median sales price is$282,500. 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 $280,000 - 516 Main Street, Andover, NH $94,000 - 452 Chase Hill Road, Andover, NH $289,900 - 36 West Shore Drive, Andover, NH

Bradford, NH $280,000 - 93 Johnson Hill Road ,Bradford, NH $188,000 - 16 Hogg Hill Road, Bradford ,NH $350,000 - 48 High Street, Bradford, NH $194,900 - 19 Center Road, Bradford, NH

Croydon, NH $555,000 - 149 Pinnacle Road, Croydon, NH $191,600 - 449 Pine Hill Road, Croydon, NH

Goshen, NH $210,000 - 291 Brook Road,Goshen, NH

Grantham, NH $534,000 - 93 Longwood Drive, Grantham, NH $236,000 - 51 Road Round The Lake, Grantham, NH $259,000 - 4 Allens Drive, Grantham, NH $305,000 - 86 Greensward Drive, Grantham, NH $285,000 - 29 Walton Heath Drive, Grantham, NH $194,000 - 134 Woodland, Grantham, NH $265,000 - 7 Wildwood Drive, Grantham, NH $345,000 - 25 Sturgis Circle, Grantham, NH

New London, NH $475,000 - 737 Burpee Hill Road, New London, NH $538,500 - 64 Little Sunapee Road, New London, NH $367,500 - 325 Little Sunapee Road, New London, NH $330,000 - 197 Everett Park Road, New London, NH $359,000 - 56 Fenwood Drive, New London, NH

Newbury, NH $425,500 - 20 Hearthstone Road, Newbury, NH $130,000 - 361 Old Post Road, Newbury, NH

Newport, NH $206,000 - 307 E Mountain Road, Newport, NH $92,500 - 715 South Main Street, Newport, NH $289,900 - 143 Cornish Turnpike Road, Newport, NH $279,000 - 210 Cheney Street, Newport, NH $120,000 - 149 N Main Street, Newport, NH

Springfield, NH $33,000 60 Eastman Access Road Springfield NH

Sunapee, NH $200,000 - 37 Prospect Hill Road, Sunapee, NH $635,000 - 37 Fox Run Road, Sunapee, NH $385,000 - 34 Upper Bay Road, Sunapee, NH $320,000 - 63B Nature's Way, Sunapee, NH $1,088,000 - 120 Mary's Road, Sunapee, NH $252,350 - 93 Penacook Path, Sunapee, NH $375,375 - 61 Lake Avenue, Sunapee, NH $2,000,000 - 130 Garnet Hill Road, Sunapee, NH

Sutton, NH $380,000 - 1 Penacook Road, Sutton, NH $375,000 - 344 Baker Road, Sutton, NH $300,000 - 458 Shaker Street, Sutton, NH $325,000 135 Meadow Brook Road, Sutton, NH

Unity, NH $220,000 - 643 Lear Hill Road, Unity, NH

Warner, NH $145,000 - 5 Marsh Lane, Warner, NH $375,000 - 34 Burnt Hill Road, Warner, NH $280,000 - 346 Route 103 E Route, Warner, NH

Washington, NH $45,000 - 1219 Valley Road, Washington, NH

Wilmot, NH $248,000 - 46 Kearsarge Mountain Road, Wilmot, NH $505,000 - 30 Old English Road, Wilmot, NH $187,000 - 456 NH ROUTE 4A, Wilmot, NH $255,000 - 379 NH Route 4A Route, Wilmot, NH

There were no sales in Lempster, NH,for November.

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