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& VERMONT NEW HAMPSHIRE 2015 REAL ESTATE 2Q MARKET REPORT

Second Quarter Market Reports 2015

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We are proud to share with you our Vermont and New Hampshire Quarterly Market Report. Our focus in 2015 is to ensure that our clients (whether selling or purchasing real estate) have comprehensive information in order to make informed decisions. Ultimately your success is our success. In this report you will find year-over-year market trends comparing the last three months with the same time period last year in order to help you identify where the market is heading. If you are looking for market information for a specific town or area, please contact your Four Seasons Sotheby's International Realty real estate associate, or find one here. At Four Seasons Sotheby's International Realty, we are committed to providing the highest level of service and expertise to buyers and sellers alike in all price categories. It will be our privilege to serve you in 2015.

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Page 1: Second Quarter Market Reports 2015

&VERMONTNEW HAMPSHIRE

2015 REAL ESTATE2Q MARKET REPORT

Page 2: Second Quarter Market Reports 2015

2 | FourSeasonsSIR.com2 | FourSeasonsSIR.com

Contents

The Upper Valley:Grafton CountyOrange CountyWindsor County 19

Lake Sunapee Region: Merrimack CountySullivan County 21

Lakes Region: Belknap CountyCarroll County 23

Merrimack Valley:Hillsborough CountyRockingham County 25

Champlain Valley:Chittenden CountyAddison CountyLamoille County 4

Franklin & Grand Isle:Franklin CountyGrand Isle County 7

The North East Kingdom:Caledonia CountyOrleans County 9

Central Vermont:Rutland CountyWashington County 11

Southern Vermont:Bennington CountyWindham County 13

Okemo: LudlowPlymouthCavendish Chester 15

Stratton:Londonderry Stratton 16

Mount Snow:Wilmington DoverWardsboro 17

Stowe:Stowe 18

VT NH

Page 3: Second Quarter Market Reports 2015

3 | FourSeasonsSIR.com3 | FourSeasonsSIR.com

Knowledge is power.We are proud to share with you our Vermont and New Hampshire Quarterly Market Report. Our focus in 2015 is to ensure that our clients (whether selling or purchasing real estate) have comprehensive information in order to make informed decisions. Ultimately your success is ours.

In this report you will find year over year market trends comparing the last three months with the same time period last year in order to help you identify where the market is heading. Please don’t hesitate to contact one of our associates for more detailed information on the town (or towns) you intend to sell or purchase in this year.

We hope you find this, our Quarterly Market Report of 2015, helpful as you evaluate your real estate options this year. At Four Seasons Sotheby’s International Realty, we are committed to providing the highest level of service and expertise to buyers and sellers alike in all price categories. It will be our privilege to serve you in 2015.

Page 4: Second Quarter Market Reports 2015

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The Champlain Valley is comprised of the counties of Franklin, Chittenden and Addison, all bordering Lake Champlain. From summer on the islands of Lake Champlain to skiing Stowe and the Mad River Valley, the Champlain Valley is an ideal destination for all seasons.

Burlington offers a vibrant community with a walkable downtown and Vermont’s best in arts and culture. Burlington is home to Lake Champlain Chocolates, the Burlington Farmers Market and numerous farm-to-table restaurants. The culmination of the lakes, mountains, and city make the Champlain Valley a great place to live, work and visit.

The Champlain Valley

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Chittenden County, VT 580.0 493 17.60% 305 285 7.00% 1,112 1,154 -3.60%

Addison County, VT 83 90 -7.80% 253 214 18.40% 559 563 -7.00%

Lamoille County, VT 102 109 -6.40% 267 271 -1.40% 788 830 -5.10%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Chittenden County, VT 660 578 14.20% 301 303 -0.60% 5 6 -18.80%

Addison County, VT 114 130 -12.30% 232 231 0.60% 18 18 1.70%

Lamoille County, VT 118 127 -7.10% 278 295 -5.80% 21 21 -1.40%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Burlington 101 92 9.80% 336.8 334.7 0.60% 129 115 12.20%

South Burlington 97 76 27.60% 304.4 261.4 16.40% 117 126 -7.10%

Winooski 31 21 47.60% 235.7 204.8 15.10% 24 25 -4.00%

Charlotte 10 7 42.90% 382.8 571.7 -33.00% 93 100 -7.00%

Colchester 69 63 9.50% 305.6 257.2 18.80% 149 137 8.80%

Essex 108 73 47.90% 280.9 258.5 8.70% 141 155 -9.00%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Burlington 108 81 33.30% 35,322 25,955 36.10% 3.5 3.3 6.10%

South Burlington 107 97 10.30% 34,477 29,769 15.80% 3.1 4.5 -31.10%

Winooski 29 22 31.80% 6,992 6,172 13.30% 2.2 3 -26.70%

Charlotte 10 15 -33.30% 4,299 6,560 -34.50% 25 41 -39.00%

Colchester 75 65 15.40% 20,118 18,335 9.70% 6 5.4 11.10%

Essex 118 105 12.40% 32,076 28,270 13.50% 3.7 6 -38.30%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Hinesburg 12 11 9.10% 316.2 281.9 12.20% 49 32 53.10%

Richmond 5 4 25.00% 97 174 -44.30% 20 17 17.60%

Shelburne 18 25 -28.00% 429.3 384.5 11.70% 69 60 15.00%

Williston 38 35 8.60% 327.4 327.9 -0.20% 73 72 1.40%

Ferrisburgh 6 6 0.00% 184.3 286 -35.60% 64 67 -4.50%

Middlebury 15 18 -16.70% 248.1 185 34.10% 62 63 -1.60%

Vergennes 8 14 -42.90% 146.9 203.5 -27.80% 24 33 -27.30%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Hinesburg 14 21 -33.30% 4,248 5,871 -27.60% 10.7 9.2 16.30%

Richmond 8 3 166.70% 1,308 515 154.00% 12.6 11.8 6.80%

Shelburne 25 28 -10.70% 11,499 13,277 -13.40% 9.8 6.5 50.80%

Williston 53 46 15.20% 17,034 15,753 8.10% 5.3 5.6 -5.40%

Ferrisburgh 7 6 16.70% 1,717 1,707 0.60% 29.7 31.7 -6.30%

Middlebury 23 33 -30.30% 5,451 7,368 -26.00% 10.2 10.7 -4.70%

Vergennes 14 11 27.30% 2,313 2,389 -3.20% 9.3 6.6 40.90%

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Located in the Northwest corner of Vermont, the counties of Franklin and Grand Isle are boarded by Lake Champlain to the west, Canada to the North, and the Northeast Kingdom to the East.

What began as the backdrop for many pre-revolutionary events has evolved into a vibrant rural holiday destination. The counties host not only the Vermont Maple Festival and LCI Fishing Tournament but the superb four seasons Jay Peak Resort as well. Avid Cyclist, kayakers, skiers and other outdoor enthusiasts will find this a fantastic region in which to live and work.

Franklin & Grand Isle

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Franklin County, VT 138 149 -7.40% 196 188 4.30% 691 722 -4.30%

Grand Isle County, VT 31 32 -3.10% 290 303 -4.30% 300 313 -4.20%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Franklin County, VT 174 166 4.80% 188 199 -5.40% 14 14 -2.20%

Grand Isle County, VT 50 38 31.60% 304 321 -5.20% 27 27 -1.80%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

St Albans Town 25 22 13.60% 229.1 191.7 19.50% 101 98 3.10%

St Albans City 13 23 -43.50% 151.8 172.6 -12.10% 50 56 -10.70%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

St Albans Town 36 29 24.10% 7,379 6,536 12.90% 10.2 12.9 -20.90%

St Albans City 26 20 30.00% 4,454 4,025 10.70% 10.5 7.2 45.80%

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Known for its breathtaking landscapes and unspoiled natural beauty, the Northeast Kingdom is nestled between the spectacular Green Mountains and scenic Connecticut River. Enjoy the beautiful surroundings by skiing Burke Mountain, mountain biking on the world-class Kingdom Trails, or joining the “leaf peepers” and simply enjoying the fall foliage. Whether you are looking for a quintessential village home in one of the many historic towns or a secluded country estate, the Northeast Kingdom is your ideal destination.

The Northeast Kingdom

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Caledonia County, VT 88.0 90 -2.20% 142 157 -9.80% 703 711 -1.10%

Orleans County, VT 105 98 7.10% 151 167 -9.50% 850 868 -2.10%

Essex County, VT 25 25 5.10% 98 154 -36.70% 222 234 -5.10%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Caledonia County, VT 115 110 4.50% 165 171 -3.30% 22 21 2.80%

Orleans County, VT 133 115 15.70% 138 195 -29.10% 22 25 -10.40%

Essex County, VT 28 26 7.70% 118 167 -29.40% 25 27 -6.40%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

St. Johnsbury 17 14 21.40% 118.8 130.1 -8.70% 134 117 14.50%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

St. Johnsbury 28 24 16.70% 2,992 3,278 -8.70% 22 23.4 -6.00%

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Best known as the home of Ben & Jerry’s Ice Cream and the historic Vermont State House, Central Vermont offers a variety of historic and natural wonders. The small towns that scatter the region are filled with local shops, artists and the farm-to-table dining that Vermont is famous for.

Central Vermont

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Rutland County, VT 197 154 27.90% 160 149 7.10% 1,321 1,425 -7.30%

Washington County, VT 193 157 22.90% 213 199 7.00% 1,070 1,089 -1.70%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Rutland County, VT 215 172 25.00% 161 168 -3.80% 19 26 -26.90%

Washington County, VT 232 177 31.10% 231 222 4.10% 16 20 -20.00%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Rutland 0 0 0.00% 0 0 0.00% 7 17 -58.80%

Rutland City 41 29 41.40% 127 124.7 1.80% 224 271 -17.30%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Rutland 2 0 0.00% 118 0 0.00% 0 0 0.00%

Rutland City 42 28 50.00% 5,432 3,375 60.90% 15.6 26.1 -40.20%

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Best known as a winter recreation destination, home to Stratton Mountain Resort, Mount Snow Resort, Okemo Mountain and Bromley Mountain, Southern Vermont a short journey from the Northeast’s major metropolitan areas but feels like it’s a world away. Charming towns, such as Manchester, are woven together by quaint, country roads dotted with historic villages and Vermont landmarks such as the Vermont Country Store in Weston and vistas of the Green Mountains.

Less than four hours from the urban centers of New York, Montreal and Connecticut and less than three from Boston, the Southern Vermont area offers peaceful historic small town living, world-class skiing and unequalled second-home convenience. The Rutland, Albany, Hartford/Springfield, and Manchester airports are each within a one or two-hour drive. Amtrak stops in Albany, Brattleboro, Rutland and Windsor add to Southern Vermont’s ease of travel. With so much so close, there is no other region in New England that makes the second-home dream so easy.

Southern Vermont

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Bennington County, VT 117 122 -4.10% 221 230 -4.10% 976 1,090 -10.50%

Windham County, VT 200 210 -4.80% 209 211 -1.00% 1,363 1,388 -1.80%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14

% Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14

% Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14

% Change

Bennington County, VT 131 122 7.40% 229 234 -2.20% 24 25 -3.20%

Windham County, VT 214 195 9.70% 225 224 0.40% 20 19 3.70%

Page 14: Second Quarter Market Reports 2015

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Manchester 364 352 3.40% 203.9 190.7 6.90% 528 619 -14.70%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Manchester 504 395 27.60% 111,420 78,852 41.30% 3.8 4.7 -19.10%

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The Okemo Valley is simply a Vermont classic. Seven charming villages woven together by quaint, country roads, dotted with shops and fine dining. Four season enchantment, with a glistening assortment of rivers, lakes, mountains and streams. All at the base of one of Vermont’s truly legendary ski mountains. A variety of exceptional home sites, and more ski-in/ski-out access than anywhere in New England, all almost unfathomably close to the Connecticut, New York, and Boston areas.

Okemo

Closed Sales in Units Average Closed $,000 Inventory in Units

Town

04/01/15 to

06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Ludlow 44 39 12.80% 427.5 367.7 16.30% 405 425 -4.70%

Plymouth 4 4 0.00% 139.8 228.8 -38.90% 85 81 4.90%

Cavendish 5 4 25.00% 223.8 272 -17.70% 66 70 -5.70%

Chester 25 20 25.00% 357.9 235.6 51.90% 77 74 4.10%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Town

04/01/15 to

06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Ludlow 41 30 36.70% 421.2 321.1 31.20% 26.7 33.3 -19.80%

Plymouth 5 5 0.00% 160.4 275 -41.70% 65.5 59 11.00%

Cavendish 6 7 -14.30% 192.3 207.9 -7.50% 39.2 52 -24.60%

Chester 45 27 66.70% 330.4 287.5 14.90% 8.5 10.2 -16.70%

Page 16: Second Quarter Market Reports 2015

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One of Vermont’s premier mountain resorts, Stratton Mountain is nothing short of a true skier’s paradise. There is always something happening at the slopeside Village at Stratton, Stratton Mountain Club and at Stratton Sports Center. Stratton is a mountain community in every sense of the word. Nowhere are strong bonds more quickly built, lasting memories more easily made. In fact, for many families, what began as a simple seasonal rental has transformed into a deep connection that lasts for generations on end.

Stratton

Closed Sales in Units Average Closed $,000 Inventory in Units

Town

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Londonderry 145 98 48.00% 279.6 250.7 11.50% 132 181 -27.10%

Stratton 13 7 85.70% 357.1 360.7 -1.00% 62 76 -18.40%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Town

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Londonderry 189 149 26.80% 286.1 276 3.70% 2.4 5.1 -52.90%

Stratton 6 5 20.00% 573.2 593.4 -3.40% 14.2 32.1 -55.80%

Page 17: Second Quarter Market Reports 2015

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In postcard-beautiful Deerfield Valley, surrounded by endless forest, nestled between Mount Snow and Haystack Mountain - two of the premier ski mountains in the Northeast – sits historic and stunning Wilmington Village. With buildings dating back to 1760, instant convenience to the big cities of NY, NJ and Connecticut, a remarkable number of restaurants and shops and a sense of community that has never gone out of style, the towns of Wilmington and elegant neighboring Dover represent everything you could want in a ski town, and much, much more.

Mount Snow

Closed Sales in Units Average Closed $,000 Inventory in Units

Town

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to

06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Wilmington 35 19 84.20% 219.7 205.1 7.10% 160 177 -9.60%

Dover 36 46 -21.70% 263.9 261.1 1.10% 270 323 -16.40%

Wardsboro 2 6 -66.70% 167.5 134.8 24.30% 74 57 29.80%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Town

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to

06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Wilmington 19 16 18.80% 273.4 322.5 -15.20% 12.8 25.4 -49.60%

Dover 36 30 20.00% 329.2 241.1 36.50% 22.4 20.4 9.80%

Wardsboro 4 2 100.00% 259.3 203.5 27.40% 100 26 284.60%

Page 18: Second Quarter Market Reports 2015

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Living in Stowe, Vermont is like opening a door – a door to a powerful past, with historic buildings and a rich history of community. A door to a sophisticated, worldly, yet no-jacket-required present. And a door that unveils the possibilities of a future steeped in the four-season beauty of Northern Vermont, built on an active, year-round outdoor lifestyle, promising new friendships and fresh adventures.

Stowe

Closed Sales in Units Average Closed $,000 Inventory in Units

Town

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to

06/30/15

04/01/14 to 06/30/14 % Change

Stowe 31 45 -31.10% 420.7 425.4 -1.10% 234 272 -14.00%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Town

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change04/01/15

to 06/30/15

04/01/14 to 06/30/14 % Change

Stowe 34 47 -27.70% 501.5 459.6 9.10% 20 16.3 22.70%

Page 19: Second Quarter Market Reports 2015

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The Upper Valley Region spans across the Connecticut River and covers central New Hampshire and Vermont. Hanover, home to Dartmouth College, is in the heart of the region. The dynamic college town compliments the natural beauty and outdoor lifestyle of the area wonderfully.

In addition to Hanover, there are many historic towns throughout the region, including Norwich, Cornish, Plainfield, Lyme, Thetford, Fairlee and Orford. There are exciting small cities like Lebanon, home to the AVA Gallery and the Lebanon Opera House, as well as White River Junction, home to the Center for Cartoon Studies and the Tip Top Building, which houses artists, creative businesses and a café. Lake Morey and Lake Fairlee offer summer resort living.

The Upper Valley

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Grafton County, NH 508.0 423 20.10% 218 208 7.70% 2,356 2,464 -4.40%

Orange County, VT 72 61 18.00% 156 152 2.40% 495 498 -0.60%

Windsor County, VT 264 218 21.10% 295 260 13.40% 1,881 1,895 -0.70%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Grafton County, NH 576 488 18.00% 219 220 -0.70% 13 16 -22.00%

Orange County, VT 105 72 45.80% 173 178 -2.60% 19 22 -16.10%

Windsor County, VT 308 277 11.20% 303 288 5.40% 20 25 -20.00%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Hanover 37 37 0.00% 562.6 614.4 -8.40% 58 52 11.50%

Norwich 23 14 64.30% 521.5 457.7 13.90% 34 47 -27.70%

Lyme 11 4 175.00% 322.9 712 -54.60% 22 26 -15.40%

Lebanon 72 65 10.80% 255.4 216.7 17.90% 109 131 -16.80%

Randolph 0 0 0.00% 0 0 0.00% 9 11 -18.20%

Fairlee 2 2 0.00% 211.5 133.5 58.40% 26 23 13.00%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Hanover 42 43 -2.30% 24,426 22,082 10.60% 4.2 4.3 -2.30%

Norwich 24 24 0.00% 14,788 12,356 19.70% 4.1 9.5 -56.80%

Lyme 8 9 -11.10% 2,996 4,736 -36.70% 5.6 19 -70.50%

Lebanon 80 70 14.30% 19,516 16,301 19.70% 3.8 6.2 -38.70%

Randolph 1 1 0.00% 82 250 -67.20% 0 0 0.00%

Fairlee 3 4 -25.00% 676 905 -25.30% 35 34 2.90%

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Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Sullivan County, NH 175 171 2.30% 177 188 -6.20% 1,055 1,064 -0.80%

Merrimack County, NH 621 638 -2.70% 203 219 -7.30% 1,833 1,960 -6.50%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Sullivan County, NH 195 186 4.80% 190 203 -6.40% 17 17 -2.30%

Merrimack County, NH 825 766 7.70% 217 220 -1.80% 8 9 -7.00%

The Lake Sunapee Region of New Hampshire is a popular year-round recreation and resort area anchored by the town of New London. New London is a classic New England village featuring a variety of retail shops, fine dining and lodging. Main Street is graced by the Village Green, the New London Inn, and the tree lined campus of Colby-Sawyer College. The town offers a number of seasonal cultural events including summer entertainment at the New London Barn Playhouse.

As a result of these scenic lakes, generations of families have been summering here for over a hundred years. The Lake Sunapee Yacht Club is host to 23 Starboats, one of the largest inland fleets of the Olympic-class vessel.

The town of Sunapee is best known for its Harbor, a hub for summer life on Lake Sunapee with events happening nearly every weekend throughout the summer. The Mount Sunapee Ski Resort is located close by. While it is best known for its skiing and snowboarding, the park also offers front-country camping, hiking, and swimming on the beach on Lake Sunapee.

Lake Sunapee Region

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Newport 17 19 -10.50% 132.5 124.3 6.60% 134 112 19.60%

Sunapee 18 16 12.50% 441.7 371.9 18.80% 123 133 -7.50%

New London 23 45 -48.90% 333.9 410.4 -18.60% 134 147 -8.80%

Newbury 13 10 30.00% 314.2 385.9 -18.60% 114 128 -10.90%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Newport 20 19 5.30% 2,658 2,568 3.50% 22.1 16.7 32.30%

Sunapee 17 22 -22.70% 7,414 11,560 -35.90% 17.9 22.6 -20.80%

New London 25 41 -39.00% 8,813 17,529 -49.70% 14.8 8.3 78.30%

Newbury 19 16 18.80% 6,242 6,150 1.50% 23.3 33.5 -30.40%

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Whether you are looking for a waterfront home on Lake Winnipesaukee or a vacation home in the nation’s oldest resort town, Wolfeboro, or a quiet retreat in the country, the Lakes Region of New Hampshire has it all.

Lake Winnipesaukee, Winnisquam Lake, Squam Lake, and Newfound Lake are just a few of the 273 lakes and ponds in the New Hampshire Lakes Region. Destinations such as Funspot in Weirs Beach, the Children’s Museum of Center Harbor, Gunstock Ski Resort and Bank of New Hampshire Pavilion in Gilford and Castle in the Clouds in Moultonborough are not to be missed!

Annual events such as Bike Week in Laconia and racing at Loudon’s New Hampshire Motor Speedway offer alternatives to a day on the water. From summer fun on the lake to action-packed winter sports, and springtime maple sugaring to spectacular fall foliage, the New Hampshire Lakes region is a destination for all seasons. .

Lakes Region

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Carroll County, NH 351.0 359 -2.20% 233 227 2.60% 2,173 2,240 -3.00%

Belknap County, NH 370 322 14.90% 245 217 13.30% 1,757 1,876 -6.60%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Carroll County, NH 474 378 25.40% 260 220 18.10% 17 17 0.60%

Belknap County, NH 509 371 37.20% 266 250 6.70% 13 16 -18.80%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Meredith 31 29 6.90% 364.8 386.9 -5.70% 161 196 -17.90%

Wolfeboro 48 35 37.10% 406.6 559 -27.30% 308 305 1.00%

Alton 33 42 -21.40% 392.9 320 22.80% 222 228 -2.60%

Gilford 63 50 26.00% 359.3 251.7 42.70% 268 272 -1.50%

Laconia 115 83 38.60% 209.4 175.5 19.30% 437 458 -4.60%

Moultonborough 39 38 2.60% 407.8 249.7 63.30% 264 260 1.50%

Center Harbor 7 3 133.30% 176.3 322 -45.20% 35 38 -7.90%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to

06/30/15 04/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change

Meredith 46 36 27.80% 18,796 15,059 24.80% 14.8 16.9 -12.40%

Wolfeboro 66 38 73.70% 31,762 10,194 211.60% 17.4 23.9 -27.20%

Alton 60 48 25.00% 31,812 18,365 73.20% 18.5 14.7 25.90%

Gilford 88 53 66.00% 27,116 14,351 88.90% 11.2 15.3 -26.80%

Laconia 142 94 51.10% 27,439 20,469 34.10% 10.7 15 -28.70%

Moultonborough 57 44 29.50% 23,767 17,973 32.20% 18 18.3 -1.60%

Center Harbor 14 4 250.00% 2,715 1,748 55.30% 14.1 32.7 -56.90%

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The Merrimack Valley is defined by the large Merrimack River that runs through it. This bi-state region is shared with Massachusetts and is the most populated and fastest growing region of New Hampshire. The area is home to the state’s largest cities, including Salem, Nashua, Manchester and Concord, where residents enjoy the cultural, educational, and industrial benefits of city life.

Merrimack Valley

Closed Sales in Units Average Closed $,000 Inventory in Units

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Hillsborough County, NH 1,660.0 1,506 10.20% 247 237 4.20% 2,767 3,016 -8.30%

Rockingham County, NH 1,573 1,347 16.80% 310 288 3.70% 2,507 2,728 -6.60%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to

06/30/14 % Change 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Hillsborough County, NH 2,184 1,792 21.90% 262 241 8.80% 5 6 -19.60%

Rockingham County, NH 2,062 1,756 17.40% 325 309 5.10% 4 6 -23.30%

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Closed Sales in Units Average Closed $,000 Inventory in Units

Towns 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change 04/01/15 to

06/30/1504/01/14 to 06/30/14 % Change

Amherst 74 61 21.30% 323.2 329.8 -2.00% 134 141 -5.00%

Bedford 111 100 11.00% 420.5 406.1 3.50% 131 179 -26.80%

Londonderry 145 98 48.00% 279.6 250.7 11.50% 132 181 -27.10%

Weare 41 31 32.30% 213.5 196.7 8.50% 102 137 -25.50%

Windham 87 75 16.00% 431.2 419.4 2.80% 131 158 -17.10%

Pending in Units (Listing sales) Avg. Pending $,000 (Listing Sales) Months of Inventory (Closed Sales)

Towns 04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

04/01/15 to 06/30/15

04/01/14 to 06/30/14 % Change

Amherst 95 78 21.80% 365 321 13.60% 4.8 6.4 -25.00%

Bedford 142 109 30.30% 441 386 14.10% 3.4 4.9 -30.60%Londonderry 189 149 26.80% 287 276 3.90% 2.4 5.1 -52.90%

Weare 48 37 29.70% 211.5 193.6 9.20% 7.1 12.1 -41.30%

Windham 108 110 -1.80% 508.5 432.6 17.50% 4.3 5.8 -25.90%

Page 27: Second Quarter Market Reports 2015

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fourseasonssir.com

Lake Sunapee RegionNew London: 603.526.4050

Lakes RegionMeredith: 603.677.7012

Upper ValleyFairlee: 802.333.4701Hanover: 603.643.6070 603.643.6400Randolph: 802.565.8136West Lebanon: 603.298.5155

Southern VermontMount Snow: 802.464.4608Stratton: 802.297.1100Manchester Center: 802.362.5040Manchester Village: 802.362.4551Okemo: 802.228.4537Londonderry: 802.824.3113

Central VermontRutland: 802.774.7007

Champlain ValleyMiddlebury: 802.388.1000Vergennes: 802.877.3232South Burlington: 802.864.0541

Grand IsleSt. Albans: 802.524.6763

Northeast KingdomSt. Johnsbury: 802.751.7582

Each Office is Independently Owned and Operated.

&VERMONTNEW HAMPSHIRE

Stowe Mountain RegionStowe: 802.253.7267