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Sunapee Region Home Sales, February 2024

Inventory remains a challenge in the Sunapee Region and New Hampshire. However, it's worth noting that historically, February consistently has the lowest annual home sales and the most restricted inventory of available homes for purchase. Hover over the interactive chart below to see how many homes were available for sale, by month, in the State of New Hampshire.

 


As of this writing, in the Sunapee Region, there are only 47 homes for sale with a median list price of $549,000. Statewide there are only 979 homes actively for sale with a median list price of $650,000! The fast solution to our affordability challenges comes with inventory but we still find the industry in the chicken or the egg scenario. While sellers have plenty of equity, they are struggling with going from an interest rate in the 3 to 4 percent range and locking in over 6 percent. On top of that, options for their next home are limited, so many sellers that enter the market find themselves in a leap of faith scenario and are utilizing suitable home sale contingencies, occupancy agreements, etc.

We think it is extremely important as you plan your move whether it’s buying or selling, that you create your real estate investment plan. This way you can approach the market with calculated thought and ensure you have total confidence in whatever decision you make. Unsure on how best to structure your real estate investment plan? Reach out to our team today and we would be happy to help guide you down a path that best fits your investment goals.

Highlighted in the data below, year-to-date sales in the Lake Sunapee Region have shown improvement compared to 2023. A total of 52 single-family homes have been sold, with February accounting for 21 of these transactions. In contrast, the corresponding period in 2023 witnessed only 32 home sales, marked by a median price of $420,000.

 

FEBRUARY SALES BY TOWN

Andover, NH
622 Raccoon Hill Road - $455,000

Bradford, NH 
282 Carter Hill Road - $2,100,000 
72 East Shore Drive - $1,000,000 

Croydon, NH
311 Route 10 - $415,000 
17 Redwater Road - $399,000 
28 Winter Road - $393,000 

Grantham, NH
105 Road Round The Lake - $981,750 
2 Barn Owl Overlook - $645,000 
9 Beaver Fells Glen - $479,000 
39 Longwood Drive - $404,000 

New London, NH
406 Pleasant Street - $590,000 
139 Hilltop Place - $350,000

Newbury, NH 
63 Cheney Road - $445,000 
9 Sleepy Street - $213,000 
1 Hill Street - $235,000 

Newport, NH
167 John Stark Highway - $170,000 
289 John Stark Highway - $158,000 

Springfield, NH
82 Cross Place - $315,000 

Unity, NH
155 Gilman Pond Road - $460,000 

Warner, NH
926 Route 103 E - $300,000

Washinton, NH
1763 Valley Road - $500,000 

 

We believe that having factual data is the cornerstone for sound decision making. For an in-depth dive into the Sunapee Region Real Estate Market, make sure to take a look at our 2023 Market Review.

 

For those keeping watch on the lakefront real estate market, you may also be interested our Lake Sunapee Waterfront Home Sales report.

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