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Norwich Vermont Real Estate Market Report - Third Quarter, 2019

 

The Norwich, Vermont real estate market saw twenty-five (25) sales of single-family homes during the first three quarters of this year, down 31% from the same period in 2018 which saw thirty-six (36) sales.  We believe that the reduction in the number of sales is a reflection of the very limited available inventory in Norwich at the onset of and throughout this year.

 

Inventory in Norwich has remained low for the past several years, slow to recover after a record-breaking 2015 which boasted sixty-one (61) properties sold, 22% higher than to any other year on record.  As a result, we believe sales have remained tempered.

 

Interestingly, the number of homes listed for over $1 million has also come down in recent years.  There was just one (1) home actively listed for over $1 million on October 1, down from three (3) last year and seven (7) in 2016.

 

As of October 1, there were two (2) properties active under contract or pending, which will likely close in the coming months.

 

Charts illustrating the above information can be found below, followed by a complete list of all twenty-five (25) properties that sold in Norwich in Q1-Q3 2019.

 

 

A list of all 25 properties that sold/closed in Norwich in Q1-Q3 2019 is below.

398 Bradley Hill Road, Norwich, VT

$1,515,000

240 Douglas Road, Norwich, VT

$989,000

1209 Turnpike Road, Norwich, VT

$846,508

70 Academy Road, Norwich, VT

$820,000

400 Main Street, Norwich, VT

$779,000

44 Waterman Hill Road, Norwich, VT

$740,000

114 Academy Road, Norwich, VT

$725,000

1456 New Boston Road, Norwich, VT

$675,000

39 Brookside Drive, Norwich, VT

$670,000

487 Sugartop Road, Norwich, VT

$575,000

8 Hopson Road, Norwich, VT

$535,000

131 Happy Hill Road, Norwich, VT

$534,000

387 Hawk Pine Road, Norwich, VT

$515,000

591 Goodrich Four Corners Road, Norwich, VT

$499,000

207 Upper Turnpike Road, Norwich, VT

$482,000

746 Pattrell Road, Norwich, VT

$477,500

64 Bullock Road, Norwich, VT

$415,000

185 Church Street, Norwich, VT

$380,000

288 Turnpike Road, Norwich, VT

$369,000

22 Eagle Lane, Norwich, VT

$365,000

38 Huntley Street, Norwich, VT

$327,000

961 New Boston Road, Norwich, VT

$320,000

873 Bragg Hill Road, Norwich, VT

$280,000

35 Sargent Street, Norwich, VT

$272,000

66 Kerwin Hill Road, Norwich, VT

$175,000

 

 

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