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Hanover, New Hampshire Real Estate Market Report - First Quarter, 2018

 

Hanover NH Real Estate - 1Q 2018 Cover Art

 

The Hanover, New Hampshire real estate market saw six (6) sales of single-family homes in the first quarter of 2018, down from 2017, which saw ten (10) sales.  

 

As of April 1st, there were twenty-eight (28) properties active with contract or pending, a majority of which will close in the second quarter of this year.  This indicator, as well as the likelihood that even more will go under contract and close before the end of the second quarter, gives us optimism that 2018 will be a good year for the Hanover NH real estate market in terms of sales.

 

In regards to luxury sales of properties listed for over $1 million, there are none that have closed yet, however there are currently three (3) under contract, which will hopefully close in the coming months.  

 

Buying activity in the first quarter is almost always the slowest period of the year due to snow covering the ground and bad weather discouraging many from wanting to take on the elements and shop for.  A severe and long winter, such as the one we just had, could alter buying activity during the first quarter substantially. 

 

The following graph shows first quarter and full year sales in Hanover from 2004 through 2017 on the same chart, and the pie chart that follows shows the average % of full year sales that closed during each quarter from 2004 through 2017.

 

Hanover NH Real Estate - 1Q and FY Historical Home Sales

Hanover NH Real Estate - 1Q Historical Avg % Homes Sold by Quarter

 

A list of all 6 properties that sold/closed in Hanover during 1Q2018 is below.

46 Stevens Road, Hanover, NH

$225,000

36 Ferson Road, Hanover, NH

$377,300

2 Goodfellow Road, Hanover, NH

$750,000

39 Carriage Lane, Hanover, NH

$764,500

1 Crestwood Lane, Hanover, NH

$829,500

 

 

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