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Pomfret Vermont Real Estate Market Report - Third Quarter, 2018

Pomfret VT Real Estate

 

The Pomfret, Vermont real estate market has had an exceptional year thus far in 2018 with fourteen (14) sales of single-family homes during the first three quarters of the year, up 36% from 2017, which saw nine (9) sales. As of October 1, there were two (2) properties active under contract and set to close in the coming months. 

 

One possible explanation for the increase in the number of sales could be declining inventory in Woodstock that is causing buyers to purchase in neighboring towns when normally, they would have purchased in Woodstock. Interestingly, inventory in Pomfret has also been following a trend of steady decline since 2015 and has now reached its lowest point since 2012 – with just sixteen (16) properties actively listed for sale.

 

In regard to luxury properties, there has been one sale above $1 million – 1710 Wild Apple Road – which closed for $2,900,000.

 

The following chart shows historical sales that transpired from Q1-Q3 in Pomfret from 2004 through 2018.  The second chart shows the number of homes that were actively listed on October 1 from 2011 through this year.

 

Pomfret VT Real Estate

Pomfret VT Real Estate

 

268 Birch Tree Circle, Pomfret, VT

$199,000

8133 Pomfret Road, Pomfret, VT

$235,000

152 Spooner Road, Pomfret, VT

$245,000

105 Starbuck Road, Pomfret, VT

$249,060

195 LIMEY Lane, Pomfret, VT

$250,000

2597 Stage Road, Pomfret, VT

$300,000

5142 Pomfret Road, Pomfret, VT

$354,000

920 Gully Road, Pomfret, VT

$500,000

6007 Pomfret Road, Pomfret, VT

$500,000

825 Wild Apple Road, Pomfret, VT

$515,000

404 Hidden Ridge Road, Pomfret, VT

$585,000

1582 High Pastures Road, Pomfret, VT

$623,000

520 Galaxy Hill Road, Pomfret, VT

$930,000

1710 Wild Apple Road, Pomfret, VT

$2,900,000

 

 

 

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