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West Windsor Vermont Real Estate Market Report - Third Quarter, 2018

West Windsor VT Real Estate

 

The West Windsor, Vermont real estate market had a record setting first three quarters of 2018 with an all-time high of seventeen (17) sales of single-family homes, up from the first three quarters of 2017, which saw fifteen (15) sales.  As of October 1, there were four (4) properties active under contract or pending.

 

An interesting outcome stemming from the increased number of sales is that inventory in West Windsor has come down 38% in 2018, with just twenty-four (24) homes actively listed for sale on October 1, compared to thirty-nine (39) in 2017.  

 

The most likely explanation for the increased number of sales in West Windsor this year, and the subsequent decline of inventory, is found by examining what is going on in the town of Woodstock. Woodstock is the central hub of the area, with dramatically more annual sales (and more inventory) than any of the six towns that touch it. Many buyers, specifically second home owners, begin their search for houses in Woodstock, which has seen a major decline in inventory over the past several years and is now at its lowest point since post-recession highs (down 50%). This creates less options for buyers and the very likely possibility of increased prices for homes that tend to sell the most – those under $500,000. As a result, we believe this is causing buyers to look outwards, and explore, consider, and buy in neighboring towns they may not have paid attention to otherwise. In addition to West Windsor, there has been a similar trend of increased sales and declined inventory observed this year in Barnard, Pomfret, Reading, and Hartland.

 

The following chart shows the number of sales that transpired from Q1-Q3 in West Windsor from 2004 through 2018. The second chart shows the number of homes that were actively listed on October 1, from 2012 through this year.

 

West Windsor VT Real Estate

West Windsor VT Real Estate

 

A list of all 17 properties that sold/closed in West Windsor in 2018 YTD is below.

4832 Route 44, West Windsor, VT

$80,000

393 Brownsville Hartland Road, West Windsor, VT

$139,900

112 Hardwood Ridge Road, West Windsor, VT

$154,000

872 Ski Tow Road, West Windsor, VT

$154,000

1956 Rush Meadow Road, West Windsor, VT

$159,000

1159 Ski Tow Road, West Windsor, VT

$161,000

529 Cross Road, West Windsor, VT

$165,000

138 Village Lane, West Windsor, VT

$170,000

147 Bald Hill Road, West Windsor, VT

$170,000

2985 Hartland Brownsville Road, West Windsor, VT

$200,000

918 Rush Meadow Road, West Windsor, VT

$202,000

1154 Ski Tow Rd, West Windsor, VT

$215,000

609 Harrington Road, West Windsor, VT

$265,000

122 Parrish View Road, West Windsor, VT

$360,000

5436 Rush Meadow Road, West Windsor, VT

$369,000

325 Shattuck Hill Road, West Windsor, VT

$380,000

166 Jewett Road, West Windsor, VT

$450,000

 

 

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