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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