Residential Real Estate Market Report
Residential Real Estate Market Report For the Quarter Ending March 31st, 2018
QUINN FARM LODGE, Woodstock, VT – $2,495,000 Under Agreement
Providing Premier Real Estate Brokerage Services In the Market Areas of: Greater Woodstock, Vermont (Woodstock, Barnard, Bridgewater, Hartland, Pomfret, Reading, West Windsor & Quechee) and Greater Hanover Lebnon, New Hampshire (Hanover, Norwich, Lyme, Lebanon & Hartford) 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
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January 2018 Dear clients, friends and neighbors: We are excited to share with you our “Snyder Donegan Real Estate Market Report” summarizing market activity for the first quarter of 2018. The residential real estate market for the Greater Woodstock Vermont market area saw a solid first quarter, with forty-five (45) homes sold/closed. While unit sales were down 17% in 2018 compared to 2017, they were still up over 45% from the first quarter of 2016. On April 1st, 2018, there were just forty-four (44) homes actively listed in the town of Woodstock compared to seventy-six (76) actively listed on the same date in 2017. Due to this decrease in inventory, and barring any major national and world-crises or an abnormally large addition of new homes coming on the market this Spring, we believe the market balance may reach a closer equilibrium between sellers and buyers, perhaps even resulting in increased prices for properties within certain price ranges. The Greater Hanover-Lebanon market area at first glance appears to be cooling off after what has been very strong buying activity in prior years. While the market area was down 13% in the first quarter of 2018 with forty (40) homes sold/closed, compared to the first quarter of 2017 with forty-six (46), the decrease could easily be accounted for by coincidental factors (such as a long winter with lots of late snow in March). The median price of homes sold/closed in the town of Hanover specifically was $757,000, up nearly 50% compared to the first quarter of 2017 at $507,000, serving as indication that the market is still hot. And as of April 1st there were eighty-five (85) properties under contract to close in the coming months – twelve (12) in Norwich and twenty-three (23) in Hanover – further demonstrating that buying activity is ongoing. With all that being said, three months of data is a fairly short time frame to look at, especially in the winter months, when sales are typically slowest while snow covers the ground. But if the pipeline of pending sales at Snyder Donegan is any indication, real estate sales in both market areas will be strong again this year. Our pipeline of SOLD/CLOSED and pending deals (scheduled to close this month or next) is up over 20% this year versus the first five months of 2017, despite sales in the overall market being a bit slower so far this year. Essentially, our firm continues to expand its presence and market share. Our firm's deals-in-the-works range from $250,000 and up, with four luxury sales (buyers and sellers) that are pending for our firm in the $1.35 to $3.75 million price ranges. Please see the accompanying charts and table for more historical context and data on our market areas. Market reports for specific towns discussed in this report can be found on our blog: www.snyderdonegan.com/blog. 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
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We have also added the complete list of all sales for each town with address and price for the first quarter of 2018 near the back of this report. If you have questions about a specific listing or sale, give us a call. On a personal note, Snyder Donegan continues to expand in 2018. We are excited to announce that Susan Hickey has joined the company as our newest agent. In recent years, several other new agents have joined our Company including Dan Noble, Mary Mayhew, and Vanessa Allen. We continue to invest heavily in cutting-edge digital marketing strategies, and continue to look for new ways to innovate and improve our services both as buyer brokers, and in world-class property marketing for sellers. We THANK our many clients who have chosen Snyder Donegan Real Estate Group to represent them in their real estate matters and for helping make Snyder Donegan Real Estate Group the fastest growing real estate firm in the Upper Valley. We are selectively taking new listings in 2018 and would be happy to chat with you any time. So please give us a call on 603-643-0599 NH or 802-457-2600 VT. We look forward to hearing from you. With warm regards,
Dail Frates Dan Noble Jennifer Falvey Susan Hickey Vanessa Allen Mary Mayhew Zoe Hathorn Washburn David Donegan John Snyder
Snyder Donegan Real Estate Group Please note: If you are actively working with another brokerage firm, please disregard this report. It is neither our intention nor our wish to actively solicit the signed clients of our other broker friends. If you wish to no longer receive these mailings, please feel free to contact us and we will be happy to remove your name from the list. 802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2018. Snyder Donegan LLC. All rights reserved.
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802-457-2600 VT snyderdonegan.com 603-643-0599 NH
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802-457-2600 VT snyderdonegan.com 603-643-0599 NH
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1Q2018 Sales – The Complete List By Town Barnard, Vermont 37 Old Stagecoach Road 74 Davis Road 378 Gulf Road 141 The Grove 853 Sayer Rd Bridgewater, Vermont No sales closed Hanover, New Hampshire 46 Stevens Road 36 Ferson Road 2 Goodfellow Road 39 Carriage Lane 1 Crestwood Lane 20 Valley Road Hartford, Vermont (Quechee) 796 Hathaway Road 515 Willard Road Drive 609 Marsh Family Road 469 Baker Turn 83 Bentley Road 524 Baker Turn 108 Lyman Batcheller Road
$67,000 $84,100 $185,000 $355,000 $1,315,000
$225,000 $377,300 $750,000 $764,500 $829,500 $950,000
$60,100 $130,000 $224,900 $280,000 $309,000 $370,000 $370,000
44 Hendee Way 349 Alden Partridge Rd 210 Baker Turn 165 Lyman Batcheller Road 2024 Quechee Main Street 88 Hartness Way 139 Mercy Strong Lane Hartford, Vermont 16 Crystal Place 273 Connecticut River Road 55 Jennifer Lane 238 South Street 350 Passumpsic Avenue 136 Wildlife Road 211 Wood Road 57 Conifer Road Hartland, Vermont 519 Route 12 18 Mace Hill Road 103 Cobb Hill Road Lebanon, New Hampshire 39 Spring Street 249 Meriden Rd
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2018. Snyder Donegan LLC. All rights reserved.
$375,000 $385,000 $388,000 $420,000 $530,000 $552,500 $655,000
$40,000 $142,000 $275,000 $111,000 $230,000 $303,000 $310,000 $335,000
$110,000 $165,000 $230,000
$65,000 $100,000 6
Lebanon, New Hampshire (continued) 15 Barrows Street $125,531 45 Spring Street $151,000 216 Mascoma Street $180,000 10 Clark Street $211,825 322 North Main Street $225,000 10 Winter Street West $232,000 84 Maple Street $240,000 27 Rio Vista $280,000 197 Meriden Road $285,000 15 Hillcrest Drive $300,000 89 Mountain View Drive $309,100 21 LaPlante Road $335,000 4 Wyeth Farm Circle $340,000 72 Apple Blossom Drive $382,500 34 Union Street $397,500 32 Hetzel Road $670,000 97 Daisy Hill Road $695,000 Lyme, New Hampshire $276,000 668 River Road 75 River Road $735,000 420 Dorchester Road Road $1,300,000 Norwich, Vermont $327,500 484 Main Street 191 Beaver Meadow Road $395,000 92 McKenna Road $435,000 114 McKenna Road $500,000
Pomfret, Vermont 920 Gully Road Reading, Vermont 645 VT 106 Route 4157 Route 106 2868 Brown Schoolhouse Road 882 VT 106 463 Curtis Hollow Road 253 Tyson Road West Windsor, Vermont 112 Hardwood Ridge Road 138 Village Lane 325 Shattuck Hill Road 1154 Ski Tow Rd 609 Harrington Road Woodstock, Vermont 5 Heritage Condo Way 10 Highland Avenue 4 Golf Avenue 3369 Hartland Hill Road 154 Roberts Road 1215 West Woodstock Road 11 Slayton Terrace 318 Ebbin Lockwood Way Lane 3086 South Road 1548 Peterkin Hill Road 17 Mountain Ave
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
© 2018. Snyder Donegan LLC. All rights reserved.
$500,000
$30,100 $72,000 $120,000 $237,500 $280,000 $500,100
$154,000 $170,000 $380,000 $215,000 $265,000 $125,000 $220,000 $235,000 $280,000 $295,000 $322,500 $435,000 $762,500 $775,000 $782,500 $1,350,000 7
802-457-2600 VT snyderdonegan.com 603-643-0599 NH
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