Dartmouth/Lake Sunapee Region Blog

Welcome to our community blog page! We are dedicated to providing you with the latest updates on local market statistics, community happenings, and insider knowledge that will help you feel at home in the Dartmouth/Lake Sunapee region.

Whether you're a long-time resident or a newcomer looking to make a home here, we have something for everyone. We believe that by sharing our expertise and insights, we can help you discover all the wonderful things this region has to offer. So come along with us on this journey, and let's explore together!

Jan. 17, 2024

Rutland County, VT Market Update - December 2023

Welcome to today's real estate analysis where we will delve into the correlation between several key metrics that are of great importance to both buyers and sellers. By understanding the relationship between these metrics, you will be better equipped to make informed decisions in the real estate market.

 

Let's start by examining the "Months’ Supply of Inventory," which currently stands at 3.4. This metric represents the number of months it would take to sell all the existing homes on the market, assuming no new listings are added. A lower number indicates a seller's market, where demand exceeds supply, while a higher number suggests a buyer's market, with more supply than demand.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Now, let's turn our attention to the "12-Month Change in Months of Inventory," which shows an increase of 44.07%. This significant rise indicates a shift towards a buyer's market, as the supply of homes has increased over the past year. Buyers may have more options to choose from, potentially leading to more favorable negotiation conditions.

 

Moving on, we come to the "Median Days Homes are On the Market," which currently stands at 24. This metric represents the average number of days it takes for a home to be sold after being listed. A lower number suggests a faster-paced market, indicating high demand and potentially competitive bidding situations. Conversely, a higher number suggests a slower market, which may provide buyers with more time to consider their options.

 

Next, we have the "List to Sold Price Percentage," which is at 96.7%. This metric represents the average percentage of the listing price that sellers ultimately receive when their homes are sold. A higher percentage implies that homes are selling closer to their asking prices, indicating strong buyer interest and potentially limited room for negotiation. Conversely, a lower percentage suggests that sellers may need to be more flexible in pricing their homes to attract buyers.

 

Lastly, we have the "Median Sold Price," which currently stands at $286,500. This metric represents the midpoint of all the sold prices in a given area or market. It provides an insight into the overall pricing trends and can be used to assess the value of a property. Buyers can use this information to gauge whether the market is within their budget, while sellers can use it to determine a competitive listing price.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

In conclusion, these real estate metrics reveal fascinating insights into the current market conditions. The increase in the "12-Month Change in Months of Inventory" suggests a shift towards a buyer's market, while the "Median Days Homes are On the Market" indicates a relatively fast-paced market. The "List to Sold Price Percentage" shows that sellers are receiving a high percentage of their asking prices, and the "Median Sold Price" provides a benchmark for property values.

 

By understanding these metrics, buyers can assess market conditions and make informed decisions, while sellers can strategically price their homes to attract potential buyers. Remember, knowledge is power in the real estate market, and staying informed is crucial for success.

Jan. 17, 2024

Orange County, VT Market Update - December 2023

Today we are going to delve into the correlation between various real estate metrics that can provide valuable insights for both buyers and sellers. By examining these metrics, we can gain a better understanding of the current state of the market and make informed decisions.

 

Let's start by looking at the "Months’ Supply of Inventory," which is currently standing at 2.38. This metric represents the number of months it would take to sell all the homes on the market, given the current rate of sales. A lower number indicates a seller's market, where demand outweighs supply, leading to potentially higher prices.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Now, let's turn our attention to the "12-Month Change in Months of Inventory," which shows a positive percentage of 19.6%. This increase suggests that the housing market has become more favorable for buyers, as the supply of homes has increased over the past year. This could potentially lead to more negotiating power for buyers and a slightly slower market.

 

Moving on, we have the "Median Days Homes are On the Market," which currently stands at 22 days. This metric gives us an idea of how quickly homes are being sold. A lower number indicates a faster market, where well-priced and desirable properties are being snatched up swiftly. This can be beneficial for sellers looking for a quick sale.

 

Next, we have the "List to Sold Price Percentage," which is currently at 96.8%. This metric represents the percentage of the listing price that homes are actually sold for. A higher percentage indicates that sellers are receiving offers close to or even above their asking price. This suggests a strong demand and competition among buyers, potentially leading to higher sale prices.

 

Lastly, we come to the "Median Sold Price," which stands at $359,000. This metric reveals the middle point of all the sold prices in the market. It provides a snapshot of the overall price range and can be used as a reference for both buyers and sellers when determining their own pricing strategy.

 

Now, let's bring all these metrics together and analyze their correlation. The low "Months Supply of Inventory" indicates a seller's market, while the positive change in the "12-Month Change in Months of Inventory" suggests a shift towards a more balanced market. This is further supported by the relatively short "Median Days Homes are On the Market," indicating a faster pace of sales.

 

Furthermore, the high "List to Sold Price Percentage" indicates strong buyer demand and the potential for sellers to achieve their desired prices. Finally, the "Median Sold Price" of $359,000 provides a benchmark for buyers and sellers to assess the value of properties in the market.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

In conclusion, these real estate metrics paint a picture of a market that is currently favorable for both buyers and sellers. While sellers may have the advantage due to low supply and high demand, buyers can also benefit from increased inventory and the potential for negotiation. By keeping an eye on these metrics, both buyers and sellers can navigate the market with confidence and make informed decisions.

Jan. 17, 2024

Windsor County, VT Market Update - December 2023

As buyers and sellers in the real estate market, you may be wondering about the current state of affairs and how certain metrics can provide valuable insights. Today, we will be examining several key real estate metrics that will shed light on the correlation between them, helping you make informed decisions.

 

Firstly, let's look at the "Months' Supply of Inventory," which currently stands at 3.8. This metric represents the number of months it would take to sell all the available homes on the market, given the current sales pace. A lower number indicates a seller's market, where demand exceeds supply, potentially leading to higher prices.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Moving on to the "12-Month Change in Months of Inventory," we observe a significant increase of 39.19%. This suggests a trend towards a more buyer-friendly market, as the supply of homes has grown at a faster rate compared to the demand. This increase in inventory can provide buyers with more options and potentially negotiate better deals.

 

Next, we examine the "Median Days Homes are On the Market," which currently stands at 26. This metric represents the average number of days it takes for a home to sell. A lower number indicates a faster-moving market, where well-priced and desirable properties are snatched up quickly. Conversely, a higher number may indicate a slower market, where homes take longer to sell.

 

Now, let's delve into the "List to Sold Price Percentage," which currently sits at 94.6%. This metric reveals the percentage at which homes are sold compared to their initial listing price. A higher percentage suggests that sellers are able to negotiate closer to their asking price, indicating a stronger market where buyers are willing to pay a premium for desirable properties.

 

Lastly, we consider the "Median Sold Price," which currently stands at $322,500. This metric represents the middle point of all the sold prices in a given area. It is important to note that this figure can be influenced by various factors such as location, property size, and condition. However, it serves as a useful benchmark for buyers and sellers to gauge market trends and make informed pricing decisions.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

To summarize, these real estate metrics provide valuable insights for both buyers and sellers. The increase in months of inventory suggests a shift towards a buyer's market, providing increased options and potential negotiation leverage. The median days on the market indicate the pace at which properties are being sold, while the list to sold price percentage showcases the level of demand and bargaining power. Finally, the median sold price helps determine market trends and set realistic expectations.

 

By understanding and analyzing these metrics, buyers and sellers can navigate the real estate market with confidence, making informed decisions that align with their goals.

Jan. 17, 2024

Merrimack County, NH Market Update - December 2023

Whether you are a buyer eagerly searching for your dream home or a seller looking to make a profitable transaction, understanding these metrics can greatly enhance your decision-making process. So, let's dive right in and explore the correlation between the following real estate metrics.

 

First and foremost, we have the Months Supply of Inventory, which currently stands at 2.12. This metric represents the number of months it would take to sell all the homes on the market if no new listings were added. A lower supply typically indicates a seller's market, where demand outpaces the available properties. In this case, the relatively low supply of 2.12 months suggests a market favoring sellers.

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Now, let's examine the 12-Month Change in Months of Inventory, which has experienced a significant increase of +55.88%. This metric provides valuable insights into the direction the market is heading. The substantial rise in the months of inventory indicates a shift towards a more balanced market, where supply and demand are more evenly matched. For buyers, this means potentially more options to choose from and less pressure to make quick decisions.

 

Moving on, we have the Median Days Homes are On the Market, which currently stands at an impressive 13 days. This metric represents the average number of days it takes for a home to be sold. A lower number indicates a fast-paced market, where properties are in high demand and tend to sell quickly. For sellers, this means a potentially quicker turnaround time and a higher chance of finding a buyer swiftly.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Next, we have the List to Sold Price Percentage, which stands at an impressive 99.5%. This metric measures the percentage at which the final sale price compares to the initial listing price. A higher percentage suggests that homes are selling very close to their original asking price, indicating a strong market with motivated buyers. For sellers, this can be seen as a positive sign, as it showcases their ability to get the most value for their property.

 

Lastly, we have the Median Sold Price, which currently sits at $450,000. This metric represents the middle point of all the sold prices in a given market. A higher median sold price suggests a desirable and potentially affluent area. For both buyers and sellers, this metric provides a reference point to assess the market value of properties they are interested in.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

In summary, the correlation between these real estate metrics paints an intriguing picture for both buyers and sellers. While the Months Supply of Inventory indicates a seller's market, the significant increase in the 12-Month Change in Months of Inventory suggests a shift towards a more balanced market. The Median Days Homes are On the Market showcases a fast-paced environment, while the List to Sold Price Percentage highlights the ability to achieve close-to-asking-price sales. Finally, the Median Sold Price provides insight into the market's overall value.

 

As you navigate the world of real estate, armed with this knowledge, may you make informed decisions that align with your goals and aspirations. Happy buying or selling!

Jan. 16, 2024

Grafton County, NH Market Update - December 2023

Today, we will delve into the world of real estate and explore the correlation between several key metrics. Whether you are a buyer or a seller, understanding these metrics can greatly enhance your decision-making process. 

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Firstly, let's take a look at the "Months’ Supply of Inventory." This metric indicates the number of months it would take to sell all the current listings in the market, assuming no new listings are added. In our case, the months supply of inventory stands at 2.98. This figure suggests that, based on the current rate of sales, it would take approximately 2.98 months to deplete the entire inventory.

 

Now, let's consider the "12-Month Change in Months of Inventory." This metric measures the percentage change in the months supply of inventory over the past year. In our analysis, we observe a significant increase of 61.96% in this metric. This indicates that the market has experienced a notable rise in the number of available listings, potentially creating a more favorable environment for buyers.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Moving on, we come to the "Median Days Homes are On the Market." This metric provides insights into how long it takes, on average, for homes to sell. In our case, the median is just 14 days, indicating a relatively fast-paced market. This suggests that properties are being snatched up quickly, making it imperative for both buyers and sellers to act swiftly and decisively.

 

Next, let's explore the "List to Sold Price Percentage." This metric measures the percentage difference between the initial list price of a property and the final sold price. Our analysis reveals a list to sold price percentage of 97.2%, indicating that, on average, homes are selling very close to their initial list price. This figure suggests that sellers are achieving their desired prices, while buyers may need to be prepared to negotiate to secure a favorable deal.

 

Finally, we come to the "Median Sold Price." This metric provides a snapshot of the midpoint price at which homes are being sold. In our analysis, the median sold price stands at $389,500. This figure serves as a helpful benchmark for both buyers and sellers, allowing them to gauge the current market value of properties in the area.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Now, let's tie all these metrics together. The months supply of inventory and the significant increase in the 12-month change in months of inventory indicate a market that is becoming more favorable to buyers. The relatively short median days homes are on the market further supports this hypothesis, as properties are being snapped up swiftly. However, sellers can take comfort in the list to sold price percentage, which suggests that they are achieving prices close to their initial expectations.

 

Overall, buyers can expect to face a competitive market, with limited inventory and a need for quick decision-making. On the other hand, sellers can anticipate achieving favorable prices, given the current conditions. Armed with this knowledge, both buyers and sellers can navigate the real estate landscape with confidence and make informed decisions that align with their goals.

Jan. 16, 2024

Sullivan County, NH Market Update - December 2023

Whether you are a prospective buyer or seller, understanding these metrics can provide valuable insights into the current market conditions. 

Firstly, let's discuss the Months’ Supply of Inventory, which currently stands at 2.45. This metric represents the number of months it would take to sell all the available homes on the market, assuming no new listings come in. A lower number indicates a seller's market, where demand outweighs supply, leading to potential bidding wars and higher prices.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

Now, let's take a closer look at the 12-Month Change in Months of Inventory, which shows a staggering increase of 59.09%. This tells us that the inventory of homes for sale has significantly increased over the past year. This rise in inventory could be attributed to various factors, such as an influx of new listings or a decrease in buyer demand. It suggests that we may be transitioning from a seller's market to a more balanced market, providing buyers with more options and potentially negotiating power.

 

Moving on, we have the Median Days Homes are On the Market, which currently stands at 18. This metric represents the average number of days it takes for a home to sell from the day it is listed. A lower number indicates a faster-paced market characterized by high demand and quick sales. With homes selling in just 18 days, it's evident that the market is quite active at the moment, reflecting strong buyer interest and a sense of urgency to secure a property.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

Next, let's discuss the List to Sold Price Percentage, which currently stands at 97.5%. This metric represents the percentage of the original listing price that homes are selling for. A higher percentage indicates that sellers are receiving offers close to their asking price. In this case, with a percentage of 97.5%, sellers can be pleased to know that they are achieving a high percentage of their initial asking price, suggesting a healthy market where buyers are willing to pay close to the listed price.

 

Lastly, we have the Median Sold Price, which currently sits at $358,500. This metric represents the middle point of all the sold prices in a given period. It provides a snapshot of the market's overall pricing trends. With a median sold price of $358,500, it indicates that this is the price point at which half of the homes sold above and half sold below. This figure can serve as a reference point for both buyers and sellers, helping them gauge the current market value of properties.

 

Karolina Burtt Best Real Estate Agent in New Hampshire

 

In summary, the correlation between these real estate metrics paints an interesting picture for both buyers and sellers. The increase in the Months Supply of Inventory suggests a shift towards a more balanced market, providing buyers with more options and potentially more negotiating power. However, the low Median Days Homes are On the Market and the high List to Sold Price Percentage indicate strong buyer interest and a willingness to pay close to the asking price. Finally, the Median Sold Price gives us an idea of the current market value of properties.

Jan. 4, 2024

HealthyHOME January 2024

Karolina Burtt, Realtor in NH and VT

This January, HealthyHOME™ magazine is all about fostering a healthy home and living your best life. Let's start 2024 with tips that bring wellness into every corner of your home and every aspect of your life. Discover rejuvenating winter vacation destinations and beautiful shades of this year's color of the year.

Learn easy tricks to get things done faster and how to make your home calm and peaceful. Let this magazine be your guide to a home that you'll love and feel good in all year long!

HealthyHOME - January 2024

Dec. 10, 2023

WellnessRE December 2023

WellnessRE December 2023 - Karolina Burtt Realtor

'Tis the season to express gratitude! As we unwrap the Holiday issue of WellnessRE™, where you can learn simple ways to usher in the holiday spirit with a focus on well-being and sustainability. The curated content you'll find inside covers a range of topics, from the rise of movement furniture to creating a non-toxic holiday haven. Dive into insightful tips for a more sustainable lifestyle, and let this issue be your guide to a healthier and harmonious home this festive season.

May these articles inspire a healthy and happy 2024 for you. Here's to a joyful Holiday Season, surrounded by the warmth of loved ones and the embrace of a healthy home.

 

Nov. 3, 2023

WellnessRE November 2023

November WellnessRE

Celebrating 3 years of Healthier Living with WellnessRE! In this month's issue, we also celebrate the joy of togetherness, exploring the essence of the holiday season through heartwarming stories, creative decorating ideas, and mindful ways to cultivate serenity at home.

Nov. 3, 2023

WellnessRE October 2023

October WellnessRE

Welcome to this month's issue of WellnessRE™ Magazine. Inside, a team of experts in Feng Shui, building biology, wellness architecture, and eco-design have compiled a wealth of insights to help you embrace a healthier and more vibrant autumn season. Let these articles be your inspiration for a more comfortable and well-balanced living space.