As the official summer months are behind us, here's a look back at Sunapee Region real estate activity for September.
Some rejoicing is due for buyers as the month brought 57 sales, up from 56 in August. The year-to-date number still lags previous years though as you can see below. So far there have been 316 sales among the towns we report on within the Sunapee Region, which is the slowest year since 2011. This lack of inventory has made it a trying year for interested buyers, but sales are continuing and staying quite high going into the fall.
This means there has also been some relief in the sale prices, down to $425,000 for the month. The year-to-date median remains at $425,000 so this may just be a temporary wobble in prices like we saw earlier in the spring. There were 4 sales which occurred for over one million dollars, down from 8 last month. While this variation in the number of luxury home sales shifts where the median will fall, it doesn’t significantly skew it this month as there were 11 sales in the $400,000-$499,999 range.
Reviewing the sale price versus the list price, there is a barbell type of distribution with relatively few sales matching their list price, and the majority of sales were $10,000 above or below the list. Here’s a look at the specifics:
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Sales for $10,000 or more, over the list price: 22
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Sales for less than $10,000, over the list price: 6
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Sales at the list price: 5
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Sales for less than $10,000, under the list price: 4
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Sales for $10,000, under the list price: 20
Over the past few months, it has been common to see sales prices deviate from the list price. Though in September the number of sales greater than $10,000 over or under the list price is extreme. This suggests that the list price of a property is really only the starting point, and property specifics dictate heavily what it will sell for.
To navigate these dynamics, you need to partner with a local real estate agent that already knows the nitty gritty details between towns, neighborhoods, and even down to the street level. The O’Halloran group of agents have that knowledge and experience, along with the tailored approach to help you successfully navigate this challenging market. If you need an experienced guide on your homebuying journey, you should get in touch with us, and we would love to help you.
Andover
13 Princess Drive - $345,000
755 Flaghole Road - $480,000
Bradford
32 Old Warner Road - $369,000
189 Cressy Road - $396,500
132 Sunset Hill Road - $400,000
Grantham
84 Route 114 - $325,000
96 Dunbar Hill Road - $350,000
12 Bright Slope Way - $360,000
10 Fairway Lane - $435,000
80 Longwood Drive - $450,000
25 Robin Lane - $455,000
70 Troon Drive - $521,022
36 Troon Drive - $585,000
296 Olde Farms Road - $600,000
24 Wildwood Drive - $632,900
21 Cradle Hill Lane - $639,000
416 Road Round The Lake - $737,500
21 Shore Road - $1,250,000
Lempster
124 Overlook Drive - $145,000
38 Nichols Road - $338,000
New London
12 Dogwood Lane - $465,000
275 Route 103A - $480,000
252 South Pleasant Street - $484,000
82 Fernwood Drive - $680,000
47 Westside Drive - $785,000
221 Lamson Lane - $1,800,000
Newbury
40 Alsubet Court - $425,000
140 Winding Brook Road - $825,000
111 Bay Point Road - $2,000,000
Newport
254 Sunapee Street - $190,000
17 Sunshine Avenue - $255,000
174 Pine Street - $272,000
54 Church Street - $315,000
4 Sandy Lane - $351,000
98 North Main Street - $370,000
277 Cornish Turnpike - $375,000
122 North Main Street - $379,000
6 River View Road - $477,500
Springfield
37 Glenwood Drive - $397,500
Sunapee
41 Nutting Road - $260,000
162 Lower Main Street - $300,000
71 Prospect Hill Road - $340,000
286 Nutting Road - $611,000
57 Harbor Hill Road - $855,000
44 Fox Run Road - $1,450,000
Sutton
49 Off Foothills Road - $325,000
379 Kearsarge Valley Road - $380,000
426 Shaker Road - $510,000
410 Shaker Road - $535,000
Warner
28 Willey Lane - $100,000
20 Waldron Hill Road - $486,000
Washington
47 Sweeney Road - $60,000
48 Ashuelot Pond Road - $200,000
1 Faxon Hill Road - $290,000
1 Old Marlow Road - $365,000
62 Birch Point Way - $825,000
Wilmot
17 Clarke Road - $835,000
*There were no home sales in Croydon, Goshen, or Unity during the month of September
**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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