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Quechee Vermont Real Estate Market Report - First Quarter, 2019

 

Compared to the record-breaking year in 2018 the Quechee, Vermont real estate market had a sluggish start to 2019.  Specifically, there were six (6) sales of single-family homes during the first quarter, down from fourteen (14) during the same period in 2018.  

 

With that being said, on April 1 there were sixteen (16) properties active under contract or pending – likely to close during the second quarter.  In comparison, on the same date later year there were just fourteen (14) houses active under contract or pending, demonstrating that buying activity is strong and ongoing in the market.  

 

Buying activity during the first quarter is almost always the slowest period of the year, when snow covers the ground and the weather keeps many from wanting to look at houses.  From 2004-2018, on average, just 15% of sales occurred during the first quarter, with 28% taking place in the second quarter, 31% in the third quarter, and 26% in the fourth quarter.  This past winter was particularly long in duration and heavy in snowfall, perhaps diminishing first quarter sales to an even greater degree than normal.  

 

While the sample size is small, the average negotiating discount – the % difference between a home’s list price and sale price – was 5.93% in 1Q 2019, compared to 5.18% for the full year of 2018.  We anticipate that figure will decrease as more properties close during the second quarter. 

 

On April 1 of this year there were thirty-two (32) single-family homes actively listed for sale compared to thirty-one (31) listed on the same date in 2018.  Homes actively listed on April 1 of this year had been on the market for an average of 177 days, compared to 241 days in 2018.

 

Condominium sales were solid in the first quarter of 2019.  There were eight (8) sales of condos compared to seven (7) during the same period last year. 

 

Charts illustrating the above information can be found below, followed by a complete list of all the single-family homes and condominiums that sold in Quechee in Q1 2019.

 

 

Quechee- Closed Single-Family Homes in Q1 2019

107 Jay Hill Road, Quechee, VT

$152,500

81 Bentley Road, Quechee, VT

$304,500

25 Windham Hill, Quechee, VT

$319,000

49 LEEWARD Lane, Quechee, VT

$365,000

998 Wheelock Road, Quechee, VT

$410,000

559 Old Town Farm Road, Quechee, VT

$600,000

 

 

Quechee – Closed Condominiums in Q1 2019

574 Willard Road, Quechee, VT

$32,500

253 Old Quechee Road, Quechee, VT

$73,000

860 Murphy Road, Quechee, VT

$93,000

807 Murphy Road, Quechee, VT

$124,000

355 Lyman Batcheller Road, Quechee, VT

$125,000

807 Murphy Road, Quechee, VT

$155,000

451 Williams Lane, Quechee, VT

$175,000

1140 Murphy Road, Quechee, VT

$325,000

 

 

 

 

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