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Sunapee Region Home Sales, November 2023

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We have entered the final month of 2023 and in this month’s post we will review Sunapee Region home sales. 

In December we saw the beginning of the winter slowdown for real estate. Last month there were 39 sales, down from 47 in October. This brings the year-to-date number of sales to 402 which lags last year at 551. This is 27% less sales than last year, but the total volume of sales (measured by their sale price) is only down 25%.  

The median sale price dipped in November to $404,000 from $475,000 in October. This could just be a blip in the 2023 trend of increasing sale prices throughout the year despite months with a mild pullback. This might be the same as what we observed with days on the market jumping from 8 in October, to 19 in November. This significant jump doesn’t correlate to a single factor as the distribution of time on the market is similar to past months, just trending slower across all types of property. 

This slump isn’t just happening in the Sunapee Region either. You can read more about similar trends throughout the state in the latest New Hampshire Association of Realtors post here. Statewide inventory constraints have led to record high prices and record low affordability. This could improve with an increase in inventory or lowered interest rates. As we cross into 2024 next month we keep watching to see what is in store! 

Andover 

74 West Shore Drive - $350,000 

301 Chase Hill Road - $400,000 

321 Old College Road - $2,300,000 

Bradford 

39 Woodview Heights Road - $1,299,000 

Grantham 

8 Summit Drive - $435,000 

13 Mill Pond Lane - $475,000 

New London

48 Goose Hole Lane - $624,500 

1312 Little Sunapee Road - $670,000 

34 Spruce Lane - $705,000 

870 Lakeshore Drive - $7,100,000 

Newbury 

279 Mountain Road - $250,000 

910 Route 103 - $500,000 

34 Pine Street - $640,000 

31 Cummings Drive - $790,000 

Newport 

243 John Stark Highway - $30,000 

43 Laurel Street - $230,000 

79 Blueberry Ridge Road - $235,000 

105 Beech Street - $240,000 

126 Whitcher Road - $265,000 

106 Winter Street - $300,000 

592 John Stark Highway - $311,000 

92 South Main Street - $349,000 

25 Summit Road - $379,000 

7 Golf Drive - $404,000 

130 E Mountain Road - $425,000 

89 Chestnut Road - $431,000 

Springfield 

10 Shore Drive - $450,000 

112 Philbrick Hill Road - $825,000 

Sunapee 

46 North Road - $200,000 

12 Cross Road - $345,000 

Sutton 

5 Fern Hollow - $330,000 

16 Harwood Road - $540,000 

Unity 

635 Lear Hill Road - $235,100 

Warner 

9 Marsh Lane - $140,000 

190 Route 103 E - $160,000 

109 Toms Pond Lane - $600,000 

Washington 

53 Coolidge Drive - $435,000 

Wilmot 

59 North Wilmot Road - $359,000 

42 Shindagan Road - $549,500 

*There were no home sales in Croydon, Goshen, or Lempster during the month of November 

**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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