Residential Real Estate Market Report
Residential Real Estate Market Report 2015 in Review
Wyman Lane, Woodstock, 173 acres Sold by Snyder Donegan for $3.1 million
5 Choate Road, Hanover, New Hampshire Sold by Snyder Donegan for $1.1 million
Providing Premier Real Estate Brokerage Services In the Market Areas of: Greater Woodstock, Vermont (Woodstock, Barnard, Bridgewater, Hartland, Pomfret, Reading & West Windsor) and Greater Hanover, New Hampshire (Hanover, Norwich & Lyme) PROUDLY REPRESENTING OVER $50 MILLION IN PROPERTIES 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2016. Snyder Donegan LLC. All rights reserved.
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January 2016 Dear clients, friends and neighbors: We are happy to share with you our “Snyder Donegan Real Estate Market Report” summarizing market activity for the year of 2015. As you can see on the first table below, the real estate markets in the Greater Woodstock, Vermont and Greater Hanover, New Hampshire areas saw solid buying activity in 2015. 299 properties sold/closed across the two markets, with the number of homes sold up 6% versus 2014, and 15% versus 2013 – showing the number of sales returning to ‘normal’ (pre-‐recession) numbers. The greater Hanover NH area real estate market -‐ comprising Hanover NH, Lyme NH and Norwich VT – had an excellent year, with a 14% increase in sales compared to 2015. This market saw 156 sales thoughout the year as new listings came on the market to satisfy the very strong demand, leaving only 54 listings active on the market at the end of 2015. The average price of homes sold in the greater Hanover market in 2015 was $601,000. On balance, prices continued to steadily rise in the Hanover area, as a result of the supply-‐demand imbalance. In short, it is a “Seller’s Market” in Hanover. In the greater Woodstock VT area, residential buying activity in 2015 nearly matched the record-‐breaking sales of the prior year (2014). Specifically, one-‐hundred and fourty three (143) homes sold/closed in the greater Woodstock area. However, there continues to be a heavy supply of inventory, with 202 homes actively for sale in the greater Woodstock area as of January 1st, 2016, typically the low-‐point in inventory. This has kept a lid on price increases in the Woodstock area, which is still categorized as a “Buyer’s Market”. The average price of homes sold in the greater Woodstock area in 2015 was $416,000, but this encompasses a wide range of towns. For example, the average price of homes sold during 2015 in Pomfret was $937,000 and in Reading was $199,000. The market for luxury homes: Luxury home sales were again strong in 2015, but lower than the blistering pace of luxury home sales in 2014. Specifically, there were twenty-‐two (22) homes sold/closed over $1 million in the greater Woodstock and Hanover markets, down from thirty-‐ five (35) in 2014. Of these 22 transactions, Hanover and Norwich each had eight (8) sales and Pomfret had five (5) sales. On a personal note, Snyder Donegan was involved on nine sides (buyer or seller side) of these transactions, with one (1) over $3 million, three (3) between $2-‐3 million and five (5) between $1-‐2 million. Snyder Donegan had luxury sales in both Vermont and New Hampshire. 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2016. Snyder Donegan LLC. All rights reserved.
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To continue on that personal note, we are pleased to announce that our Company has had its best year to date. In 2015, we doubled our sales to $30 million, including sales in Hanover, Norwich, Woodstock, Pomfret, Barnard, Hartland, Hartford and elsewhere in the Upper Valley. In 2015, we opened a second office in Hanover and hired Zoe Hathorn-‐Washburn and Andrew Holson to our select team of agents. John Snyder was the #1 selling residential broker not only in Woodstock, Pomfret, Barnard, Hartland and Hartford (incl Quechee) combined, but also #1 in all of Windsor County and sold more luxury properties in Windsor County than any other agent. (Source: MLS) We continue to invest heavily in cutting-‐edge digital marketing strategies, and continue to look for new ways to innovate and improve our services both as buyer brokers, and in world-‐class property marketing for sellers. We THANK our many clients who have chosen Snyder Donegan Real Estate Group to represent them in their real estate matters and for helping make Snyder Donegan Real Estate Group the fastest growing real estate firm in the Upper Valley. We are selectively taking new listings in 2016 and would be happy to chat with you any time. So please give us a call on 603-‐643-‐0599 NH or 802-‐457-‐2600 VT. We look forward to hearing from you. With best regards,
John Snyder David Donegan
Andrew Holson
Dail Frates Zoe Hathorn Washburn
Snyder Donegan Real Estate Group Re-Imagine Real Estate Please note: If you are actively working with another brokerage firm, please disregard this report. It is neither our intention nor our wish to actively solicit the signed clients of our other broker friends. If you wish to no longer receive these mailings, please feel free to contact us and we will be happy to remove your name from the list.
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2016. Snyder Donegan LLC. All rights reserved.
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TABLE&1 RESIDENTIAL&REAL&ESTATE&STATISTICS&FOR&2015 &&&&&&&&&&&&&Actively&Listed&on&Market&January&1st,&2016 No.& Highest& Priced& Priced& Over&&&&& Listing& $1&mm ($000)
No.&of& Properties
Average& Price& ($000s)
Median& Price& ($000s)
&&&HANOVER
20
884
649
4
&&&WOODSTOCK
65
939
575
15
&&&BARNARD
30
829
395
&&&BRIDGEWATER
13
636
&&&HARTLAND
24
&&&LYME &&&NORWICH
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&SOLD&2015
No.&of& Properties
Average& Price& ($000s)
Median& Price& ($000s)
No.&SOLD& Highest& Over&&&&&& Priced&Sale& $1&mm ($000)
3,200
75
601
466
8
3,500
8,750
53
425
299
2
3,050
8
2,995
16
441
249
1
2,650
365
3
2,385
8
330
240
0
855
503
389
2
1,495
23
393
210
2
2,090
15
1,203
649
7
3,200
20
465
389
0
0
19
832
519
4
2,447
61
560
480
4
2,077
&&&POMFRET
22
884
565
5
3,875
11
927
750
5
3,000
&&&READING
27
527
289
4
1,800
12
199
195
0
450
&&&WEST&WINDSOR
21
864
499
5
3,350
20
284
157
0
600
GREATER&WOODSTOCK&MARKET*
202
783
450
42
8,750
143
416
259
10
3,050
GREATER&HANOVER&MARKET*
54
955
649
15
3,200
156
601
472
12
3,500
COMBINED&WOODSTOCK\HANOVER&MARKETS
256
819
499
57
8,750
299
513
370
22
3,500
©&2015&Snyder&Donegan&Real&Estate&Group.&&All&rights&reserved.&"Proudly(representing(over($50(million(in(properties(in(the(Hanover(NH(&(Woodstock(VT(markets." *"Residential"Properties"(excludes"land,"commercial/industrial,"condos,"manufactured"and"multifamily). *"Woodstock"Market"="Woodstock,"Barnard,"Bridgewater,"Hartland,"Pomfret,"Reading"&"West"Windsor *"Hanover"Market"="Hanover,"Norwich"&"Lyme Source:"NNEREN/MLS"and"private"data.
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2016. Snyder Donegan LLC. All rights reserved.
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TABLE&2 HISTORICAL&RESIDENTIAL&SALES&BY&MARKET&AREA &&&&&&&&&&&&&&&&&&&&&&&&&&Combined&Hanover&&&Woodstock&Markets
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&Greater&Hanover&Market
Average& Avg.&Sold& No.&of& Price& Price&/&Last& No.&Priced& Highest&Priced& Properties& ($000s) Listed&Price Over&$1&mm Listing&($000) SOLD
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&Greater&Woodstock&Market
YEAR
No.&of& Properties& SOLD
Average& Avg.&Sold& No.&of& Price& Price&/&Last& No.&Priced& Highest&Priced& Properties& ($000s) Listed&Price Over&$1&mm Listing&($000) SOLD
Average& Avg.&Sold& Price& Price&/&Last& No.&Priced& Highest&Priced& ($000s) Listed&Price Over&$1&mm Listing&($000)
2015
299
513
93%
22
3,500
156
601
96%
12
3,500
143
416
90%
10
3,050
2014
283
541
93%
35
4,550
135
640
96%
20
2,595
148
442
90%
15
4,550
2013
256
478
92%
15
3,750
134
548
95%
11
2,250
122
407
89%
4
3,750
2012
255
472
94%
16
4,150
136
598
94%
14
3,320
119
346
93%
2
4,150
2011
202
523
89%
15
3,750
115
545
93%
7
2,000
87
501
85%
8
3,750
2010
193
502
92%
15
2,300
108
549
94%
9
3,000
85
454
89%
6
2,300
2009
171
506
88%
16
5,400
97
494
93%
8
1,650
74
518
83%
8
5,400
2008
198
524
93%
14
18,000
111
570
95%
7
2,400
87
478
91%
7
18,000
2007
269
528
93%
29
3,000
145
541
96%
12
2,950
124
514
90%
17
3,000
2006
260
527
94%
18
7,000
142
524
95%
7
2,525
118
530
92%
11
7,000
2005
292
508
95%
19
3,025
158
530
97%
5
1,757
134
485
92%
14
3,025
2004
277
495
95%
21
6,250
126
499
96%
7
1,750
151
490
93%
14
6,250
©&2015&Snyder&Donegan&Real&Estate&Group.&&All&rights&reserved.&"Proudly(representing(over($50(million(in(properties(in(the(Hanover(NH(&(Woodstock(VT(markets." *"Residential"Properties"(excludes"land,"commercial/industrial,"condos,"manufactured"and"multifamily). *"Woodstock"Market"="Woodstock,"Barnard,"Bridgewater,"Hartland,"Pomfret,"Reading"&"West"Windsor *"Hanover"Market"="Hanover,"Norwich"&"Lyme Source:"NNEREN/MLS"and"private"data.
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
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© 2016. Snyder Donegan LLC. All rights reserved.
Snyder Donegan: Re-‐Imagine Real Estate
The Snyder Donegan Real Estate Group is the leading boutique real estate firm in the Woodstock-‐Hanover market areas. In 2015, we doubled our sales in Vermont and New Hampshire to $30 million, opened an office on Main Street in Hanover (in addition to our office at 5 The Green in Woodstock, Vermont) and hired Zoe Hathorn-‐Washburn and Andrew Holson to our exceptional team of agents. While our firm excels at luxury property marketing, and in 2015 assisted nine buyers and sellers with sales closing over $1 million including 4 over $2 million, we also proudly represent $50 million in listings priced from $250,000 and up. The median price of properties sold by our firm in 2015 was $557,000. Our success is built upon: • • •
Competence Innovation Drive
Further, our Partners bring to our real estate business more than 50 years of successful global business experience combined with generations of local roots in the Upper Valley of Vermont and New Hampshire. If you are seeking professional brokerage services to market your unique property, please contact our office for a confidential meeting to discuss our service capabilities. If you are seeking to buy a property in Vermont or New Hampshire, and are interested in learning about our Buyer Brokerage services or about our privately available properties, please contact us on 802-‐457-‐2600 in Vermont or 603-‐643-‐0599 in New Hampshire. Check us out online at:
snyderdonegan.com facebook.com/snyderdonegan
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2016. Snyder Donegan LLC. All rights reserved.
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