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Real Estate Market Report for The Greater Woodstock and Greater Hanover-Lebanon Market Areas - 2017 in Review

 

After years of fairly slow recovery, the residential real estate market in the Greater Woodstock Vermont market area accelerated in 2017, in most price segments, and particularly in the luxury home segment.  Specifically, unit sales were up 41% in the Greater Woodstock area in 2017 vs. 2016, and sales of residential homes in Woodstock itself were up 50%.  The luxury market (sales over $1 million) were up nearly 400% with a record-breaking 23 sales of homes over $1 million.
 

 

The Greater Hanover-Lebanon New Hampshire market area has been hot for several years, and while the number of residential home sales was down in 2017 it was only because of lack of supply of homes for sale.  As a result, prices have continued to rise steadily year after year.  Specifically, there were 130 sales in 2017 versus only 55 active listings as of this writing.  That works out to a mere 4 months’ of supply, the same as in the beginning of 2017.  Furthermore, Norwich, which had a great year with 42 homes sold/closed in 2017, a 50% increase compared to 2016, may have absorbed some of the purchases that could have otherwise occurred in Hanover if not due to the lack of inventory.  

 

 

Click on any of the following towns to view market analysis for 2017 and historical statistics.

 

Greater Woodstock Market Area

Woodstock

Barnard

Pomfret

Quechee

Bridgewater

West Windsor

Reading

Hartland

 

Greater Hanover Lebanon Market Area

Hanover

Norwich

Lyme

Lebanon

Hartford

 

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