SANDWICH NH | AUGUST HOME SALES REPORT

Sandwich NH | August Home Sales Report  - Sandwich August home sales were down 67%  from July and unchanged from July 2014.  Home sales year-to-date, however, were up 20%, with 13 closed transactions, compared to 11 YTD sales a year ago.  August sales volume year over year declined 37.5%, from $360,000 to $225,000. For the the seven months ended August 31, dollar volume is down 7.76% to $3.9 million compared to the same period last year.

August saw 5 listings added to inventory, down 67% from July, but up 150% year over year. Total new listings YTD rose 41.37% to 41 single-family homes.  Currently, there are 24 homes available for sale, a 13.7-month supply based on an average monthly absorption of just under two housing units over the previous 12 months.

The August median home price declined to $225,000, off 37.5%  in a year-over-year comparison.  For the seven months ended July 31, the median price of a home in Sandwich stood at $282,000, up 8.65% year over year.

YTD, Sandwich homes on average took 20.5% longer to sell than a year ago, with average days on market rising from 151 days YTD in 2014 to 181 days through August this year.

HERE ARE THE RELEVANT NUMBERS*:

ALL HOUSING:        AUGUST YoY | YTD YoY

New Listings:            05/02 (+150%)  | 41/29 (+41.37%)

Sold Listings:             01/01 (0%)  | 13/11 (+18.18%)

Pending Listings:      00/00 (0%)  | 04/07 (- 42.85%)

$ Vol. Sold (Mill):       .225/.360 (- 37.5%) | 3.887/4.214 (- 07.76%)

Median List Price:     .245/.350 (-29.97%) | .285/.289 (- 01.38%) 

Median Sell Price:     .225/.360 (- 37.5%) | .280/.265 (+05.66%)

Ave. Days on Mkt.     21/5 (+ 320%) | 181/151 ( + 20.53%)

* Based on information from the Northern New England Real Estate Network, Inc., for the periods shown.

"What Matters to You, Means Everything to Me"!

If you're planning to buy or sell homes and land in Sandwich and elsewhere in the beautiful Lakes Region of New Hampshire, please contact me, Randy Hilman, to experience the Keller Williams difference.  Keller Williams and I are ready, willing and able to take you where you want to go.

 Please visit my website at www.randyhilmanhomes.kwrealty.com  For direct inquiries or questions, please email me at  rhilman@randyhilmanhomes.com or call 603 569-HOME (4663).