1. real estate

 Residential Real Estate Market Report For the Quarter Ending March 31, 2015 Our New Hanover, New Hampshire Office (Located at 23 South Main Street in Hanover, Above the Canoe Club) 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
© 2015. Snyder Donegan LLC. All rights reserved. April 2015 Dear clients, friends and neighbors: We are happy to share with you our “Snyder Donegan Real Estate Market Report” summarizing market activity as of April 1, 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 continue to see stronger buying activity. For the 1st Quarter of 2015, forty-­‐eight (48) properties sold/closed across the two markets, and another fifty-­‐seven (57) were under contract as of April 1. Sales were evenly split between the two markets with twenty-­‐four (24) sales in each. The number of homes sold was up seventeen percent (17%) versus the first quarter of 2014, when forty-­‐one (41) homes sold/closed in the combined markets. The sharp difference in the two markets is in the number of homes for sale: There are only fifty-­‐four (54) residential properties available for sale in the Greater Hanover towns of Hanover, Norwich and Lyme, whereas there are two hundred eighty-­‐eight (288) residential properties listed for sale in the Greater Woodstock towns of Woodstock, Barnard, Bridgewater, Hartland, Pomfret, Reading and West Windsor. This is also true in the luxury home market, with forty (40) homes for sale priced over $1 million in the Greater Woodstock area versus only eleven (11) in the Greater Hanover area. Traditionally, sales of luxury homes is slower during the winter months of Jan-­‐Feb-­‐March, and this year is no exception. There was only one sale to close above $1 million during the first quarter in both markets (in Norwich, for $1,285,000), but four more are under contract, including Wyman Lane in Woodstock, which closed at the beginning of April for $3,050,000. Snyder Donegan was proud to have represented the buyer in the transaction for that special property. Prices continue to rise in the Greater Hanover area, as there is a relative shortage of homes compared to the number of buyers looking. “Bidding wars” have not been infrequent, and many homes sell very quickly after coming onto market. Prices have been flat in the Greater Woodstock area, as healthier buying activity has been matched by additional homes coming onto the market. Snyder Donegan has already 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2015. Snyder Donegan LLC. All rights reserved. committed to nearly a dozen new sellers to list their homes this spring. We have capacity and are selectively taking new listings, so if you are thinking of selling, and are seeking competent, professional representation, please give us a call at your earliest convenience. To continue on that personal note, we are pleased to announce that we have opened a new office in Hanover, New Hampshire to serve our listing clients and buyers in that market, and to tie together the natural connection between the Greater Hanover and Greater Woodstock areas. Specifically, we have sold six (6) properties in the Hanover/Lyme/Norwich area in recent months, and have one more listing in Hanover (priced at $825,000) under agreement. To support our growth, we are pleased to announce that we have hired Andrew Holson, who will be supporting the partners in their efforts to market our many beautiful properties listed for sale, with digital marketing, and in assisting buyers. Andrew grew up in the area and during his teen years was well-­‐known for his skiing prowess. He turned professional at the young age of fourteen, and spent six years skiing freestyle in Utah. He developed and sold a video production business and a phone app business. We are pleased that after college he has decided to return home and apply his very capable skills to building our firm’s success. If you wish to speak to Andrew, feel free to give him a call. Overall, our company continues to thrive and grow, with over $11 million in sales closed or under contract already in the 1st Quarter of 2015. 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. We THANK our many clients who have chosen Snyder Donegan Real Estate Group to represent them in their real estate matters. Again, we are selectively taking new listings in 2015 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
Partner
David Donegan
Partner
Dail Frates
Mary Ellen McCue
Andrew Holson
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 in town. If you wish to be removed from our mailing list, 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
© 2015. Snyder Donegan LLC. All rights reserved. TABLE&1
RESIDENTIAL&REAL&ESTATE&STATISTICS&FOR&2015
&&&&&&&&&&&&&Actively&Listed&on&Market&April&1,&2015
No.&of&
Properties
Average&
Price&
($000s)
Median&
Price&
($000s)
&&&HANOVER
18
689
630
&&&WOODSTOCK
81
663
&&&BARNARD
43
1,015
&&&BRIDGEWATER
14
&&&HARTLAND
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&SOLD&1st&Quarter&2015
No.&
Highest&
Priced&
Priced&
Over&&&&& Listing&
$1&mm
($000)
No.&of&
Properties
Average&
Price&
($000s)
No.$of$
Median& No.&SOLD& Highest& Properties$
Price&
Over&&&&&& Priced&Sale& Under$
($000s)
$1&mm
($000)
Contract
2
1,200
8
515
413
0
865
18
445
9
5,750
13
376
380
0
558
15
495
11
3,875
2
105
n/a
0
145
0
626
299
3
2,385
0
n/a
n/a
0
n/a
2
16
648
389
3
2,375
2
231
n/a
0
285
2
&&&LYME
12
1,189
685
5
2,600
3
366
390
0
650
4
&&&NORWICH
24
819
595
4
1,595
13
498
356
1
1,285
13
&&&POMFRET
20
1,799
975
7
8,250
1
140
140
0
140
2
&&&READING
25
482
395
3
1,800
3
194
236
0
265
0
&&&WEST&WINDSOR
35
641
425
3
4,350
3
291
320
0
360
1
GREATER&WOODSTOCK&MARKET*
234
799
449
40
8,250
24
287
285
0
557
22
GREATER&HANOVER&MARKET*
54
857
629
11
2,600
24
487
390
1
1,285
35
COMBINED&&WOODSTOCK]HANOVER&MARKETS
288
810
495
51
8,250
48
387
320
1
1,285
57
©&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
© 2015. Snyder Donegan LLC. All rights reserved. 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)
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
© 2015. Snyder Donegan LLC. All rights reserved. TABLE&3
LIST&OF&PROPERTIES&SOLD&DURING&1ST&QUARTER&2015
COMBINED)HANOVER)AND)WOODSTOCK)MARKETS
Street&Address
141)Dorchester)Road
13)Gills)Road
300)Matthews)Dr
2656)High)Pastures
57w)West)Road
2)Charles)Street
23)Route)12
57)Spruce)Way
4972)South)Rd
704)Austin)Road
335)North)Puckerbrush
102)Kendall)Station)Road
147)Lyme)Rd.
253)Matthews)Drive
4)College)Hill
38)Old)Birch)Road
692)College)Hill
1445)NEW)BOSTON)Rd
53)Glen)Ridge)Road
720)Union)Village)Road
24)Austin)Road
1292)Turnpike)Road
173)Peterkin)Hill)Road
308)Beaver)Meadow)Road
Town
State
Lyme
NH
Barnard
VT
Reading
VT
Pomfret
VT
Barnard
VT
Woodstock
VT
Hartland
VT
West)Windsor VT
Woodstock
VT
Woodstock
VT
Reading
VT
Norwich
VT
Hanover
NH
Reading
VT
Woodstock
VT
Hartland
VT
Woodstock
VT
Norwich
VT
Norwich
VT
Norwich
VT
Woodstock
VT
Norwich
VT
Woodstock
VT
Norwich
VT
Sold&Price
$60,000
$65,000
$82,000
$140,000
$145,000
$175,000
$176,500
$195,000
$200,000
$220,000
$236,000
$254,000
$262,500
$265,000
$265,000
$285,000
$285,000
$290,000
$290,000
$310,000
$310,000
$315,000
$317,500
$320,000
Street&Address
1610)Blood)Hill)Road
54)Lyme)Rd
324)Hopson)Rd
198)Yale)Heights)Rd
25V1)South)St)#1
16)Prospect)Street
530)River)rd
1016)New)Boston)Road
192)Lyme)Road
7)Pipers)Ln
80)Four)Wheel)Drive
1370)Westerdale
7802)Sawyer
10)Rip)Road
3)River)Street
17)The)Green
6)Dunster)Drive
276)Hopson)Road
26)Acorn)Hill)Road
5)Purling)Brooks)Drive
55)Church)Street
18)Elm)Street
9)Woodcock)Lane
546)Sugartop)Rd
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2015. Snyder Donegan LLC. All rights reserved. Town
West)Windsor
Hanover
Norwich
West)Windsor
Woodstock
Woodstock
Lyme
Norwich
Hanover
Hanover
Norwich
Woodstock
Woodstock
Hanover
Woodstock
Woodstock
Hanover
Norwich
Lyme
Hanover
Norwich
Norwich
Hanover
Norwich
State
VT
NH
VT
VT
VT
VT
NH
VT
NH
NH
VT
VT
VT
NH
VT
VT
NH
VT
NH
NH
VT
VT
NH
VT
Sold&Price
$320,000
$345,000
$356,000
$360,000
$380,000
$385,000
$389,900
$390,000
$410,000
$413,000
$425,000
$465,000
$500,000
$510,000
$550,000
$557,500
$595,000
$640,000
$650,000
$725,000
$793,000
$800,000
$865,000
$1,285,320
Exceptional Agents | World-­‐Class Marketing Proudly representing over $50 million in properties. The Snyder Donegan Real Estate Group is comprised of an exceptional team of real estate professionals who offer buyer brokerage and property marketing services of distinctive listings in Vermont and New Hampshire. We specialize in luxury homes, estates, and second homes -­‐ but also enjoy serving our many friends who already call Vermont and New Hampshire home. We excel at – and invest heavily in -­‐ digital marketing strategies including our extensive and growing social media channels such as Facebook & Instagram, and portals like Trulia & Zillow. These platforms leverage our marketing reach to a global audience. Combined with the personal competence and connections of our brokers, our digital marketing acumen has made Snyder Donegan Real Estate Group one of the most successful real estate companies in Vermont and New Hampshire. We have many properties that are publicly listed in the MLS system, but also have privately listed properties, some of which are displayed only on our Company’s website, and others that you can inquire about directly. If you are seeking 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 snyderdoneganprivatebrokerage.com FACEBOOK.com/snyderdonegan Or call us directly on: 603-­‐643-­‐0599 NH 802-­‐457-­‐2600 VT 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2015. Snyder Donegan LLC. All rights reserved.