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Sunapee Region Home Sales, April 2023

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They say April showers bring May flowers and here in the Sunapee region, we are hoping that holds true this month! In this post, we are going to take a look back at the local real estate activity and see how 2023 is shaping up.

In April there were 29 single family home sales among the 16 towns we track (details are below). This brings the year-to-date total to 92, lagging last year's activity which showed 136 on the same time frame. While this seems like a slow real estate market, it's important to keep in mind that previous activity in 2020 and 2021 were unusually busy years.

While the number of sales has decreased over past years, sale prices have remained high and steady. This month's median was $426,000, up from $414,000 in March. For comparison, in April of 2022 the median was $400,000, so prices have increased 6.5% while the number of sales has decreased 29%. The number of sales in April is largely driven by listing and transaction activity over the previous couple of months so this decrease should be taken in stride; the year is still young and we expect the number of listings to pick up in early summer as it normally does.

A rough measure of whether we are in a seller or buyer's market is the disparity between the list and sale prices. In April transactions were mixed whether they sold above or below list price, but across the total volume of sales the selling prices were below the list by 0.8%. So while some homes sold high, and some sold low; they centered pretty closely to their list price.

In the luxury market, meaning sales for greater than one million dollars, there were 3 sales. Their details are below, but what is interesting is the highest priced home had 12 days on the market and the other two of this group were zero. This can be interpreted a number of ways, but it certainly indicates there is still demand in the luxury market and people are willing to make large purchases.

There are many details that can be weighed in real estate activity to influence price, time on market, or any other outcomes of a successful closing. We track a handful of them month-to-month, but there are many more behind the scenes since every house is as individual as the residents which call it home. If you'd like to find out more details about one of the sales listed below, or a property currently on the market; we are here to help!

 

 

Andover 

105 Maple Street - $285,000 

Bradford 

12 West Main Street - $238,000 

31 Maple View Drive - $426,000 

17 Fairgrounds Road - $557,000 

Goshen 

79 Province Road - $321,000 

Grantham 

341 Howe Hill Road - $310,000 

1 Fairway Drive - $496,500 

784 Route 10 North - $530,000 

Lempster 

538 Lovejoy Road - $350,000 

New London 

63 Shaker Street - $400,000 

25 Scythe Shop Road - $410,000 

197 Woodland Trace - $1,400,000 

Newbury 

186 Old Province Road - $525,000 

33 Chandler Brook Road - $575,000 

112 Morse Lane = $610,000 

31 Lakewood Manor Road - $1,640,000 

130 Bowles - $5,963,000 

Newport 

142 Maple Street - $165,000 

687 John Stark Highway - $194,000 

43 Parkview Street - $195,000 

126 South Main Street - $230,000 

19 Ayers Road - $310,000 

31 Cornish Turnpike - $360,000 

624 Bradford Road - $386,500 

Sunapee 

45 Route 11 - $439,000 

121 Upper Bay Road - $1,000,000 

Warner 

61 Annis Loop - $576,000 

Wilmot 

78 Pinnacle Road - $535,000 

*There were no home sales in Croydon, Springfield, Sutton, Unity or Washington during the month of Aprilh 

**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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