Blog :: 2019

Quechee VT Hot Air Balloon, Craft & Music Festival 2019

Quechee Balloon FestivalThe 40th Annual Quechee, VT Hot Air Balloon, Craft & Music Festival is happening this summer, June 14-16, 2019.

This fun-filled weekend offers activities, food, entertainment and more for the entire family. This is the longest running hot air balloon festival in New England!

You can experience the hot air balloons yourself with either tethered rides or ascension rides offered at specific times throughout the festival. The Ascension rides are currently sold out, but you can book your tethered balloon ride on the field during the festival. During a tethered hot air balloon ride, the balloon is held to the ground by ropes. You float up to 50 feet in the air to get a great sense of being in one of the balloons with the security of being attached to the ground. It's a wonderful experience for children, too!

Admission is good all weekend. So however long you stay or as often as you go throughout the three days, you only pay once. They even have a special price for Fathers on Father's Day! Here are the details on festival admission and parking.

See all the scheduled festival events and more details on the festival website.

Such a family friendly event, there's The Kid's Zone, which is a free area to bring your kids for additional entertainment for young ones.

So if you're in the Upper Valley / Dartmouth-Lake Sunapee Region this weekend, come enjoy a summer hallmark of this area at the Quechee Hot Air Balloon, Craft & Music Festival.

New Hampshire Real Estate Market Update: Q1 2019

Real estate is local. Knowing what's happening in your local real estate market, and talking to your local REALTOR® can help you with deciding on when to list your home for sale, or when may be a good time to buy. Here are some of the highlights from the New Hampshire real estate market in the first quarter of 2019.

Single Family Residential Sales

Grafton County saw 161 single family residential closings in the first quarter of 2019. That's down 16.6% from the first quarter of last year. Median sales price only dropped by 5.8% to $195,000. But the number days on the market decreased 10.1% to 116 days. That's what home sellers want, right? Fewer days on market.

Sullivan County showed improvement in their numbers in many areas during Q1 2019 compared to last year at the same time. Closings increased by 18.7% to 108. And median sales price increased by 7.2% to $163,450. Days on market was only up 7.4% to 117 days. In addition, the number of pending sales increased a dramatic 46.4% from Q1 2018 to 161 pending sales.

Over all the counties, the state of New Hampshire experienced a slight decrease to 2,702 single family residential closed sales (-2..8%) in Q1 2019 compared to the first quarter of last year. However, the median sales price for those properties increased 7.7% to $280,000. Also, single family residential pending sales increased 7.5% to 3,840 properties for the entire state of New Hampshire.

Condo Sales

Concerning condo sales in the first quarter of 2018, both Grafton County and Sullivan County saw a decrease in sales activity compared to the first quarter for 2018. Grafton County condo closed sales were down 14.1% to 67 and Sullivan County condo closed sales were down 25% to 6 total.

The entire state of New Hampshire saw also saw a decrease in condo closed sales (-10.6%) to 772 during the first quarter of 2019 compared to the first quarter of 2018. But, the median sales price increased 5.3% to $200,000 and pending condo sales increased by 3.7% to 1,116 compared to this time last year.

For more information about the real estate market in your community, please contact us at CG Shepherd Realty, LLC to speak to one of our qualified REALTORS®.

View the NH 2019 Q1 Report.

View the NH Monthly Indicators Report March 2019.

March 2019 Update:

"The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry." According to NHAR NH Monthly Indicators for March 2019 report. [link]

April 2019 Update:

In April, Grafton County experienced year-to-date (YTD) decrease in single family residential closed sales to 228 (-20.6%) compared to this time last year. However, Sullivan County is showing a significant increase in year-to date sales up 15.9% to 153 single family residential closed sales as of the end of April 2019. YTD days on market has slightly decreased for both Grafton and Sullivan counties, 118 and 108 days respectively.

View the NH Monthly Indicators Report April 2019.

(Information for this blog is based on the data provided by the New Hampshire Association of REALTORS)