September has come to a close in the Sunapee Region and in this post we are going to take a look at local real estate activity.
We track data on 16 towns surrounding Lake Sunapee and report on them monthly to identify trends and current events. In September there were a total of 73 closings that took place in 14 of the 16 towns we track. This totaled more than $47 million in transactions ranging from a sale price of $62,000 to $6,400,000. Coincidentally, both these transactions at the far ends of the spectrum sold for under their original list prices.
The median sale price has tempered somewhat, September’s median transaction was $407,000 which is down from August which was $431,600. The number of transactions increased slightly, which roughly matches last year where the number of sales rose throughout the late summer and peaked in October. The number of days on market has been holding steady at 8 since the start of July.
These trends of a shifting market and cooling demand are reflected statewide too. The number of listings that made a price change has been increasing since February, and has risen rapidly through the summer. The number of expired, terminated, and withdrawn listings has been increasing also. This means the number of active listings is increasing, the number of listings leaving the market unsold is going up, and the days on the market should continue to increase. These figures point to a cooling market which was generally moving hot and fast over the last couple years.
These status changes reflect the active (or recently removed) listings and is a current take on today’s market whereas our traditional data such as median sales and days on the market are lagging indicators and better reflect data 30 to 60 days ago when the listing went under contract. Those traditional data points also talk about sales, and doesn’t mention the properties that persist on the market, or are removed without a sale.
There is always a fog of the unknown when it comes to forecasting, but with this look at the market’s current activity we would expect our traditional data points to begin reflecting these changes, and will keep you updated in the months ahead. However, if you are a current buyer or seller we hope these status changes are helpful to you on your journey in this ever changing market.
Andover
254 Plains Road - $339,650
260 Route 4A - $374,000
405 Bay - $375,000
25 Depot Street - $430,000
144 Switch Road - $439,000
41 Elkins Hill Road - $633,000
Bradford
32 Old Warner Road - $275,000
8 Sunset Hill Road - $402,500
61 Woodview Heights - $414,000
Croydon
88 Cash Street - $245,000
105 Croydon Brook Road - $485,000
Grantham
5 Troon Drive - $300,000
4 Finch Place - $375,000
4 Anderson Pond Road - $397,000
2 Birdie Knob Road - $406,000
29 Eagle Drive - $455,000
50 Anderson Pond Road - $491,000
1683 Route 10 North - $875,000
533 Dunbar Hill Road - $949,533
949 Dunbar Hill Road - $1,025,000
Lempster
110 South Road - $200,000
264 Keyes Hollow Road - $268,000
114 Quimby Farm Road - $331,000
New London
1457 King Hill Road - $340,000
173 Squires Lane - $375,000
16 Knights Hill Road - $435,000
9 Hillcrest Road - $492,500
145 Tracy Road - $595,000
237 Tracy Road - $612,000
1043 Lakeshore Drive - $693,000
51 Carter Road - $722,000
408 Knights Hill Road - $1,600,000
159 Howard Road - $6,400,000
Newbury
5 Willis Way - $320,000
114 Colburn Farm Road - $430,000
32 Birch Bluff Road - $467,500
329 Chalk Pond Road - $659,000
67 Sutton Road - $735,000
14 Longview Drive - $900,0000
267 Chalk Pond Road - $1,000,000
Newport
49 Whitcher Road - $100,000
18 Second Street - $160,000
157 Maple Street - $205,000
29 Golf Club Road - $230,000
18 High Street - $275,000
162 East Mountain Road - $388,000
223 Unity Road - $394,000
50 Pine Street - $399,000
Springfield
247 Oak Hill Road West - $405,000
116 Dutchman Pond Road - $720,000
Sunapee
118 Winn Hill Road - $319,000
230 Burkehaven Hill Road - $666,250
12 Saville Lane - $735,000
25 Saville Lane - $840,000
81 Lake Avenue - $3,690,000
106 Fernwood Point Road - $4,000,000
Sutton
133 Corporation Hill Road - $575,250
Unity
48 Blueberry Hill Road - $119,900
12 Lake Road - $169,900
893 2nd NH Turnpike - $170,000
78 Stone Road - $210,000
346 Unity Springs Road - $655,000
Warner
125 Parade Ground Cemetary Road - $345,000
50 Red Chimney Road - $407,000
188 Couchtown Road - $575,000
223 Pumpkin Hill Road - $1,240,000
Washington
1289 Halfmoon Pond Road - $62,000
27 Adams Drive - $275,000
37 Adams Drive - $285,000
83 Valley Road - $320,000
31 Monroe Circle - $330,000
110 McKinley Drive - $450,000
735 Ashuelot Drive - $730,000
*There were no home sales in Goshen or Wilmot in the month of September
**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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