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Sunapee Region Home Sales, July 2023

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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: 

  • 14 sales for $10,000 or more, over the list price 

  • 4 sales for less than $10,000, over the list price 

  • 8 sales at the list price 

  • 2 sales for less than $10,000, under the list price 

  • 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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