It’s hard to believe but we are now more than halfway through the summer months. Historically this is the busiest time of the year for real estate, but for now we will review real estate activity in the Sunapee Region during July.
Last month there were 37 sales, down slightly from the 41 sales we saw in June. Month-to-month fluctuations are pretty common, but generally the summer months are the busy part of the real estate year. There is a consistent trend that the number of sales each month in 2023 are lagging those during the same month in 2022.
The median sale price seems to have leveled off throughout this year. In February the median price crossed into the low $400,000 area with June being the only exception. You can see this in the chart below and is a different trend than in 2022 which was showing a consistent rise in prices. It’s likely higher mortgage rates have caused this stabilizing of prices, and we’ll see if it continues to the end of 2023.
Total sale prices have stayed pretty close to the list price, with sales being about 2% over the list. Although the total sale and list prices balanced pretty close, there was a wide disparity among the individual transactions. Here’s a breakdown of the number of transactions and their prices:
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14 sales for $10,000 or more, over the list price
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4 sales for less than $10,000, over the list price
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8 sales at the list price
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2 sales for less than $10,000, under the list price
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9 sales for $10,000 or more, under the list price
There were 3 sales which took place for over $1,000,000 where a 2% difference in price would be $20,000 or more. However, among these luxury home sales one sold for over the list, another at the list price, and the third for under the list price. So even among these sales there was a variation of price behavior, but they balance out being above or below the asking price.
For more details on individual transactions, and the attributes which cause each home to result at its final sale price, reach out to a local agent who can evaluate the properties accurately and help you navigate the market.
Andover
371 Depot Street - $418,000
43 Plains Road - $460,000
313 Emery Road - $749,000
303 Emery Road - $900,000
Bradford
17 Cilley Lane - $220,000
40 Oakdale Road - $299,900
Grantham
442 Miller Pond Road - $360,000
16 Hummingbird Hill - $380,500
2 Link Lane - $549,900
63 Anderson Pond Road - $875,000
4 Old Spring Drive - $1,000,000
Lempster
340 Long Pond Road - $196,000
52 Oak Ledge View Road - $410,000
New London
1485 Little Sunapee Road - $3,995,000
Newbury
67 South Brook Circle - $358,000
6 Frost Top Hill - $450,000
17 Stoney Brook Road - $480,000
368 Bowles Road - $4,100,000
Newport
618 S Main Street - $197,000
100 Barton Whitney Road - $235,000
9 Allen Street - $327,000
24 McDonough Road - $350,000
2 Fletcher Road - $485,000
Springfield
620 Four Corners Road - $180,000
39 Sandy Beach Road - $450,000
194 Hogg Hill Road - $482,000
Sunapee
315 Edgemont Road - $275,000
115 New Province Road - $328,000
17 Stagecoach Lane - $355,000
43 Sioux Path - $355,000
114 Mary Road - $676,000
Sutton
30 Penney Ante Lane - $650,000
Unity
44 Emerson Road - $550,000
485 2nd New Hampshire Turnpike - $587,000
Washington
38 McKinley Drive - $250,000
72 McKinley Drive - $310,000
11 Cove Road - $440,000
*There were no home sales in Croydon, Goshen, Warner, or Wilmot during the month of July
**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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