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North Country Home Sales, November 2022

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In this month’s post we are going to take a look back at North Country real estate activity for November. 

Last month there were a total of 49 sales at a median sale price of $300,000. This ties October sales of 49 but is a lower median price down from $320,700 in October. Each year we see a general seasonal trend of real estate where the number of closings ebbs downward into the winter and picks back up in the spring. From October to November that ebb has occurred on the sale price though, not the number of closings. 

We have arrived at an interesting inflection point. The year-to-date median sale price matches the same time last year. However, the 2022 trend for this figure is declining where at this time last year it was rising. It’s possible we have seen the peak of prices though only time will tell, and while it may not be the real estate crash media pundits advertise it seems like a retracing toward the normal number of sales and price behavior. 

Few buyers will complain about the decline in real estate prices, but the question is whether it is enough. Home affordability looks at the total cost of housing, and this is still near record lows. The New Hampshire Association of Realtors recent report points out that the affordability index shows “...the state's median household income is just 69 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. That's a 35 percent drop in affordability from a year ago.” In this regard we have a long way to go to reach “normal” affordability. 

The average sale price remained below the average list price which leans in the favor of buyers like we discussed in last month’s post. If you’re looking to join us here in the North Country please contact us. We’d be happy to help you navigate the market and find the home that is right for you! 

 

 

 

Bath 

763 Monroe Road - $34,500 

Bethlehem 

53 Pinewood Avenue - $169,000 

46 Elm Street - $220,000 

322 Lehan Road - $275,000 

209 Ledgewood Drive - $1,950,000 

Campton 

153 Owl Street - $265,000 

21 Isaac Fox Drive - $330,000 

23 Alden Drive - $375,000 

15 Broomstick Lane - $465,000 

Franconia 

140 Hubertus Ring - $654,500 

Haverhill 

230 County Road - $239,000 

440 Dartmouth College Highway - $240,000 

295 Valley Road - $300,000 

236 Dartmouth College Highway - $415,000 

Holderness 

6 Merrill Wood Drive - $438,000 

167 Lane Road - $499,000 

21 Trivett Lane - $675,000 

22 Sargent Road - $730,000 

Landaff 

79 West End Road - $275,300 

Lincoln 

46 Goodbout Road - $205,000 

72 Flume Road - $925,000 

Lisbon 

469 Mt Eustis Road - $75,000 

17 Hilltop Road - $165,000 

Littleton 

2175 Manns Hill Road - $120,000 

2090 North Littleton Road - $236,000 

43 Bronson Street - $280,000 

420 West Main Street - $282,000 

30 Brickyard Road - $300,000 

23 Morrison Hill Drive - $340,000 

57 Owen Drive - $350,000 

46 Helter Skelter Road - $424,000 

71 School Street - $825,000 

Lyman 

71 Aldrich Road - $177,500 

29 Wilderness Acres Road - $265,000 

Monroe 

366 Littleton Road - $372,000 

Plymouth 

29 Merrill Street - $197,000 

82-B (Lot 25-B) Crescent Street - $254,900 

140 Texas Hill Road - $269,800 

55 Binks Hill Road - $300,700 

121 Morse Road - $350,000 

4 Chaddarin Lane - $483,000 

Mayhew Turnpike - $499,900 

Rumney 

171 Old Route 25 - $158,000 

2018 Buffalo Road - $235,000 

Thornton 

169 Judges Road - $147,000 

8 Fraser - $519,000 

Waterville Valley 

24 River Road - $1,600,000 

Woodstock 

74 Snow King Road - $577,000 

5 & 7 Mountainside Road - $750,000 

*There were no home sales in Benton, Easton, or Sugar Hill during the month of November 

**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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