Hartland Vermont Real Estate Market Report - Full Year, 2019

 

The Hartland, Vermont real estate market was very strong in 2019 with thirty-seven (37) sales of single-family homes, up from thirty-three (33) that sold in 2018.  These sales translated into a total dollar volume of $12,169,900, the highest amount seen since the recession.

 

On average, buyers paid closer to seller’s asking prices in 2019 versus prior years.  A good metric that demonstrates this is the average negotiating discount, which tells us the % difference between a home’s list price and sale price.  The figure was 3.91% in 2019, down from 6.55% in 2018 and an all-time low for the market.  To express this differently, 24% of the homes that sold in 2019 did so either at or above a seller’s list price. 

 

Inventory in Hartland has been declining gradually over the past decade and reached its lowest point at the conclusion of 2019.  Specifically, there were just thirteen (13) homes actively listed for sale on Dec. 31, 2019, down from a post-recession high of thirty-seven (37) that were listed on the same date in 2010.  To further emphasize the significance of this reduction: At the conclusion of 2010 the thirty-seven (37) properties that were listed translated into roughly 27 months’ worth of inventory.  At the end of 2019, the thirteen (13) homes actively listed translate into just 4 months’ worth of supply should the pace of buying this year match last year.  In short, many new listings will need to come on the market this Spring to satisfy buyer demand.

 

In regard to the broader real estate market in the region as a whole, the Greater Woodstock market area – comprising Woodstock and the six towns that touch it (including Hartland) - had one of its best years in well over a decade. In total, there were 242 sales of single-family homes, nearly matching the record-setting 244 sales that transacted in 2017. The town of Woodstock was the leader in the 2019 strength, but several of the area towns – namely Hartland, West Windsor and Bridgewater – also saw more homes sold/closed in 2019 than in 2018. Supply of single-family homes continued to decline for nearly every town in the market.

 

Charts illustrating the above information can be found below, followed by a complete list of all thirty-seven (37) properties that sold in Hartland in 2019.

 

 

A list of all thirty-seven (37) properties that sold/closed in Hartland in 2019 is below.

315 Quechee Road, Hartland, VT $75,000 1 Chase School Road, Hartland, VT $79,900 321 US Route 5 Route, Hartland, VT $95,000 34 MILL Street, Hartland, VT $147,000 4 McCabe Street, Hartland, VT $163,000 21 Route 12, Hartland, VT $175,000 80 Rice Road, Hartland, VT $176,000 30 Depot Street, Hartland, VT $184,000 10 Blodgett Lane, Hartland, VT $197,000 97 Advent Hill Road, Hartland, VT $200,000 23 Sleeper Road, Hartland, VT $208,500 21 Meadow View Lane, Hartland, VT $212,000 9 Gilson Farm Road, Hartland, VT $214,000 20 Bird Hill, Hartland, VT $225,000 603 Route 5, Hartland, VT $235,000 27 Shute Road, Hartland, VT $245,000 10 Mill Street, Hartland, VT $256,500 7 Northview Road, Hartland, VT $265,000 15 Windy Meadow Road, Hartland, VT $287,500 173 Rice Road, Hartland, VT $288,000 16 Cream Pot Road, Hartland, VT $320,000 30 Chase School Road, Hartland, VT $325,000 222 Brownsville Road, Hartland, VT $330,000 25 Route 5, Hartland, VT $350,000 15 Martinsville Road, Hartland, VT $359,000 13 Merritt Road, Hartland, VT $365,000 32 Ocean View Drive, Hartland, VT $407,000 261 Route 5 South, Hartland, VT $424,000 42 Cream Pot Road, Hartland, VT $430,000 19 Pelham North Road, Hartland, VT $457,500 730 Route 12, Hartland, VT $460,000 4 Station Road, Hartland, VT $529,000 161 Hartland Hill Road, Hartland, VT $620,000 43 Garvin Hill Road, Hartland, VT $650,000 175 Clay Hill Road, Hartland, VT $650,000 32 Grout Road, Hartland, VT $715,000 25 Hartwood Way, Hartland, VT $850,000