The heat of August has matched the blazing number of home sales, showing the biggest month-to-month jump yet this year up to 71. This is an increase from 54 sales in July and despite this big increase the other data points have not changed significantly reinforcing trends seen through the year. Admittedly, the increased number of sales is a welcome boost though.
The median sale price for the month was $431,600 which is up from July at $428,250 and brings the year-to-date median sales to $387,250. So far this year the median price was taking big upward steps early in the year, slowed a bit around May, but has continued its rise through the summer. This addresses some of the questions regarding what effect increased interest rates would have on prices and while it has slowed the rise in prices, it hasn’t stopped the upward trajectory.
The increased number of sales has been a welcome relief and perhaps in the next couple of months they will stay high. Last year the number of sales continued to rise in the late summer beginning at 65 in August, 74 in September, and cresting at 83 in October. We will see if we have the same pattern this year before the winter time slow down, and perhaps alleviates some of the frenetic activity buyers experienced over the past couple of years.
Luxury home sales, meaning those sold for over $1 million this month totaled $15,805,500 among 9 sales. They ranged from $2,600,000 to $1,100,000 and included the towns of Newbury, Sutton, Sunapee, and New London. This is higher than the past 2 months and significantly increased the average sales price for the month, but has a lesser effect on median prices.
We will keep watching real estate activity through the end of the summer, but if you are looking to put down roots in the Sunapee Region please contact us here, and an experienced local agent would be happy to answer your questions and help you find your next home.
Andover
913 Franklin Highway - $302,850
17 Oneil Drive - $324,900
52 West Shore Drive - $490,600
Bradford
169 Breezy Hill Road - $340,000
670 County Road - $370,000
16 W Main Street - $384,000
Lot 20 South Ridge Road - $511,199
203 E Washington Road - $700,000
Goshen
311 Rand Pond Road - $405,000
579 Center Road - $525,000
Grantham
51 Fairway Drive - $280,000
105 Howe Hill Road - $295,000
62 Longwood Drive - $396,062
20 Robin Lane - $400,000
1751 Route 10 North - $515,000
24 Fairway Drive - $524,895
198 New Aldrich Road - $580,000
79 Miller Pond Road - $665,000
706 New Aldrich Road - $729,853
Lempster
51 Grandview Road - $260,000
New London
194 Bunker Road - $620,000
116 Knollwood Road - $1,100,000
Newbury
68 Stoney Brook Road - $526,000
67 Old Post Road - $725,000
38 Highland Avenue - $1,105,500
104 Camp Sunapee Road - $2,075,000
213 Bay Point Road - $2,600,000
Newport
20 Blaisdell Road - $70,000
24 Springfield Road - $76,000
2 Hill Street - $196,500
18 Knoll Street - $230,000
7 Whitney Avenue - $230,000
37 Syndicate Street - $245,000
191 Maple Street - $279,000
605 Bradford Road - $300,000
14 Summit Road - $387,000
338 Oak Street - $434,500
Springfield
4357 Main Street - $387,000
1327 Stoney Brook Road - $500,000
56 Sanborn Hill Road - $627,500
Sunapee
696 Route 103 - $214,000
315 Edgemont Road - $253,000
42 Maurer Lane - $335,000
52 Lower Main Street - $362,000
26 Chippendale Drive - $385,000
44 Burma Road - $395,000
83 Nutting Road - $435,000
40 Central Street - $565,000
27 Granholm Street - $640,000
17 Rock Hill Road - $950,000
68 Emily Lane - $1,125,000
22 Quarry Road - $1,200,000
11 Birch Point Lane - $2,100,000
45 Springfield Road - $2,200,000
Sutton
465 Kearsarge Valley Road - $220,000
148 Newbury Road - $360,000
470 Kearsarge Valley Road - $470,812
18 Shaker Heights Road - $650,000
180 Summit Road - $2,300,000
Warner
143 W Main Street - $450,000
114 Duck Pond Lane - $480,000
54 Colby Lane - $850,000
Washington
88 Halfmoon Pond Road - $222,000
524 Valley Road - $240,000
28 Mckinley Drive - $335,000
36 Ashuelot Drive - $353,000
14 Ashuelot Acres Road - $361,000
23 Mckinley Drive - $380,000
861 Valley Road - $431,600
120 Pheasant Lane - $725,000
Wilmot
38 Kimball Lane - $551,000
*There were no home sales in Croydon or Unity in the month of August
**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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