Here's the Snyder Donegan Real Estate Group 2010 year-end wrap-up on real estate activity in lovely Barnard VT. Our printed report will be published and mailed soon, but here are the highlights for Barnard:
(Note: If you would like to subscribe to our email list to periodically receive news updates on Barnard VT and Barnard VT real estate activities, send me an email to that effect team@snyderdonegan. I would be happy to add you to the list. I will not share your contact information with anyone. Also, if you want to UNsubscribe at any time, just send an email to that effect as well. If you have content on upcoming events in Barnard or other town news you'd like me to share, send an email and I'll incorporate that into my periodic email blogs about Barnard.)
- The average house sale in Barnard VT during 2010 was $638,000, skewed heavily by the two high end sales. Three of the house sales in Barnard were between $159,000 and $350,000. To view the homes currently for sale in Barnard, click here: Barnard VT Homes for Sale.
- After more than a year of quietude for high end Barnard second home sales, the 4th quarter brought two notable sales: Twin Ponds on Gulf Road (our listing) sold for $2 million in late October, then right at year end, a home sold on the North Road for just over $1 million. These two sales established price levels again in the high end not only for Barnard, but also for Woodstock, which also had one (1) sale over $1 million in the 4th quarter (and three in total for the year). There are currently eight (8) homes for sale in Barnard priced over $1 million.
- The 4th quarter sales confirmed that Barnard is a very desirable VT second home location - the quintessential Vermont small town - centered around beautiful Silver Lake, the wonderful Barnard Academy school, the community vibe around the lake, the Barnard General Store, the churches, Town Hall and the Post Office - and the Barnard Volunteer Fire Department, with more than 25 dedicated volunteers, one of the finest departments in Vermont, which provides excellent first-responder and fire services to the town, on call 24/7/365. (Be sure to support the all-volunteer, non-profit BVFD by sending your tax-deductible check to PO Box 146, Barnard, VT 05031.)
Yet, overall home sales were sluggish in Barnard VT last year, with only five (5) houses selling in total. This compares with the 41 houses listed for sale at year-end. While there was a noticeable pickup in sales overall in the Greater Woodstock area in the 4th quarter (27 sales overall), the only two sales in Barnard were the high-end houses. The heavy supply of houses for sale makes it likely that 2011 will be a "buyers market" again in Barnard. (Note that the real estate industry in general considers the tipping point between a "sellers market" and a "buyers market" to be about 6 months of supply.) So, with 41 homes for sale and a pace of 5 sales per year, we will be in a "buyers market" again during 2010. With interest rates low and choices abundant, we have been saying for more than a year that NOW may be the best buying opportunity of a lifetime. Call us to talk or schedule showings. We're happy to help.
John and I have more than 30 properties listed for sale. In Barnard, we have second home properties for sale in the $1 million to $3 million range, and other great parcels of land and homes for sale priced roughly from $100,000 to $450,000. Click here to see Snyder Donegan Real Estate Properties for Sale. If you are thinking of listing your home, give us a call. Our argument is simple: we know Barnard, we know how to sell, and we know real estate. Our two backgrounds are perfect complements, and we work as 50/50 partners as a team. If you are looking to buy, we are happy to serve as a buyer broker for you. You can read more about our buyer brokerage services here.
Stay tuned for more blogs on the year-end real estate wrap-up for all the other towns in the Greater Woodstock area: Barnard, Bridgewater, Hartland, Pomfret, Reading and West Windsor. Snyder Donegan Real Estate Group is always willing to help you find Woodstock VT homes for sale or VT land for sale.