In this post we are going to take a look back at the home sales for February 2023.
March has officially begun, and as we wait for spring to begin we also anticipate an increase in the number of properties coming onto the market. Each year real estate activity slows down somewhat through the winter months and sees its busiest season when the temperatures are the warmest.
Last month was no exception to this trend in the Sunapee region where there were 13 sales among 7 of the 16 towns we regularly report data on. This is a slight dip in the number of sales from January at 19, however the median sale price increased from $390,000 to $420,000. There happened to be no home sales for over one million dollars, and the sales ranged from $265,000 to $764,569 tightly clustered around the median. In months with more sales, the price difference tends to spread but this is a hopeful indicator for the year to come.
The average sale price was $459,574, which dipped below the average list price of $473,138. Here’s a breakdown of the list vs sale price:
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2 homes sold for more than $10,000 over list
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1 home sold for less than $10,000 over list
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3 homes sold at the list price
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1 home sold for less than $10,000 under list
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6 homes sold for more than $10,00 under list
The homes that sold furthest under their list price also had an extended number of days on market. These two factors should be correlated, but we’ll see how the median prices behave as more listings enter the market in the coming months.
If you’re interested in Sunapee Region real estate, or want to explore the data of these sales further please contact us here. Our experienced agents would be happy to discuss the dynamics of the market and separate fact from fiction in these changing times.
Andover
18 Last Street - $434,900
79 Kearsarge Mountain Road - $515,000
Croydon
677 Cash Street - $265,000
45 Loverin Hill Road - $300,000
Grantham
51 Jericho Road - $450,000
Newbury
9 Gerald Drive - $495,000
81 Emily Lane - $570,000
Newport
413 Oak Street - $475,000
Sunapee
100 Trow Hill Road - $285,000
296 Prospect Hill & 0 Hogg Hill Road - $410,000
20 Burma Road - $745,000
Warner
137 Mill Road - $265,000
29 Split Rock Road - $764,569
*There were no home sales in Bradford, Goshen, Lempster, New London, Springfield, Sutton, Unity, Washington, or Wilmot during the month of February
**Data is from NEREN MLS and is subject to human error. Sometimes information outside of our control is upload to the system late which means our numbers could be off by one or two sales
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