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Sunapee Region Home Sales, May 2022

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As May turns to June, we are looking back at single family home sales within the Sunapee region. 

Last month there were 47 closings, which is 1 less than the same month in 2021, but the slowest May since 2012. The past few years have been a gradual decline in the number of closings but seems to be leveling off. However, dynamics of this market with historically high prices and rising interest rates leads to less predictable trends. It seems likely that rising interest rates would temper home prices but there is less certainty what it will mean for the number of listings each month. 

The median days on market slowed slightly from 6 in April to 7 in May, however the median sale price dipped from $400,000 to $360,000. The cumulative sale price (for which you can see historical trends below) are $360,000 year-to-date including May, which matches May to the year-to-date median sale price. As we progress into summer, time will tell if we saw a peak of prices in April or if May was a temporary dip but unfortunately for buyers there’s only been a slight slowing in the pace of the market. 

The New Hampshire Association of Realtors reported a statewide monthly rise in the median sale price from $440,000 in April to $460,000 in May. However, their data is showing that the rate at which prices have been rising over previous years is slowing as well. You can review their data here, but it is likely that a local market like the Sunapee Region is showing signs of long-term changes before a statewide trend develops.  

To read more about where mortgage rates might be heading click here to read our previous post about rates or if you’d like to learn more about the Sunapee Region please contact us here

 

 

 

Andover 

18 North Short Street - $550,000 

434 Chase Hill Road - $885,000 

Bradford 

15 Maple View Drive - $260,000 

Croydon 

243 Cash Street - $360,000 

Goshen 

1025 Brook Road - $262,500 

2149 Brook Road - $330,000 

735 Washington Road - $415,000 

Grantham 

9 Forest Road - $251,000 

104 Greensward Drive - $299,000 

4 Winter Hill - $662,000 

Lempster 

57 S Hill Drive - $249,000 

188 Stark Road - $325,000 

New London

163 Page Road - $280,000 

257 Seamans Road - $508,000 

128 Sugarhouse Road - $575,000 

938 Morgan Hill Road - $862,000 

70 Lodge Lane - $1,825,000 

Newbury 

31 Ramblewood Circle - $350,000 

14 Fowler Mill Road - $542,000 

504 Old Post Road - $552,000 

10 Lake Avenue - $715,000 

325 Bay Point Road - $3,900,000 

Newport 

4 William Street - $162,500 

24 Summer Street - $175,000 

163 Elm Street - $260,000 

178 Maple Street - $290,000 

16 Pinnacle Street - $326,000 

130 Laurel Street - $360,000 

Springfield 

240 Sanborn Hill Road - $120,000 

155 Four Corners Road - $210,000 

Sunapee 

236 Route 103 - $360,000 

30 Maple Street - $385,000 

52 Upper Bay Road - $1,000,000 

Sutton 

27 Jolly Farm Road - $372,000 

18 Shaker Heights - $681,000 

Unity 

10 Towne Road - $492,500 

Warner 

3 Waldron Hill Road - $340,000 

15 Roslyn Avenue - $365,000 

23 Runels Loop - $383,500 

845 Kearsarge Mountain Road - $427,000 

208 North Village Road - $501,500 

Washington 

96 Ashuelot Drive - $215,000 

128 Madison Drive - $300,000 

141 Lincoln Drive - $330,000 

286 Presidential Drive - $350,000 

2616 East Washington Road - $440,000 

Wilmot 

373 N Wilmot Road - $120,000 

 

*Data is from NEREN MLS and is subject to human error. Sometimes information outside of our control is uploaded to the system late which means our numbers could be off by one or two sales. 

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