2023 has arrived in the North Country and in this post we are going to review December closings, and the 2022 real estate trends.
In December there were 35 closings in the North Country which is down from November, but reflects the seasonality of real estate. This lags last year’s sales which were 47 in December which has been the story of 2022 and we will explore further in a little bit.
The median sale price was $320,000 which returns toward where we started in January 2022, which had a median sale price of $307,500. Prices had climbed to $405,950 in March and $386,000 in June before steadily marching back to the low $300,000 area.
What we’ve seen is that 2022 has been a whirlwind with a rapid rise in prices, and then cooling as we have still ended the year slightly above where we began and more in-line with historical averages. The number of sales has been unusually low though at 504 sales for the year making it the slowest year since 2014. This constrained inventory helps to drive prices up, but could be a trough following the 819 sales in 2020 which was the highest year on record. As we roll into the next calendar year it will be interesting to see where prices and the number of sales lead us.
The year has just begun and while there is a lot of attention on real estate and interest rates, we haven’t seen the ‘crash’ that many feared would transpire. Real estate activity is always changing, and if you’d like to learn more or partner with an agent who can help you navigate the year, we’d be happy to help you!
Bath
31 Bradley Hill Road - $195,000
Bethlehem
30 Noyes Street - $225,000
1321 South Road - $275,600
3249 Main Street - $2,250,000
Campton
118 Winterbrook Road - $300,000
Easton
266 Gingerbread Road - $252,500
Franconia
61 Indian Pipe Road - $700,000
Haverhill
125 Bear Road - $245,000
371 Brushwood Road - $250,000
19 Pine Street - $275,000
Lincoln
14 Louis Lane - $425,000
Littleton
180 Washington Street - $185,000
70 Cold Spring Road - $349,000
761 Mount Eustis Road - $360,000
1012 Foster Hill Road - $900,000
Lyman
163 Ash Hill Road - $335,000
25 Ott Drive - $675,000
Plymouth
18 Wentworth Street - $250,000
59-A Crescent Street - $271,200
59-B Crescent Street - $271,200
68-A Crescent Street - $289,900
68-B Crescent Street - $289,900
321 Reservoir Road - $361,000
14 River Ridge Road - $399,000
Rumney
426 Depot Street - $272,000
127 Stinson Lake Road - $300,000
Thornton
365 Mill Brook Road - $320,000
25 True Lane - $345,000
383 Mill Brook Road - $380,000
3478 US RTE 3 - $380,000
30 Fraser Road - $599,000
52 Jansen Farm Road - $715,000
Woodstock
49 Paradise Road - $185,000
144 East Side Drive - $324,000
13 Daniel Webster Highway - $535,000
*There were no home sales in Benton, Holderness, Landaff, Lisbon, Monroe, Sugar Hill, or Waterville Valley during the month of December
**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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