The Quechee, Vermont real estate market had another exceptional year in 2019, setting a number of new records. There were an all-time high of sixty-two (62) sales of single-family homes, compared to fifty-eight (58) in 2018. More broadly, the market is up 330% from the post-recession low of 2011, when just nineteen (19) properties sold. The properties that transacted last year translated into a total dollar volume of $21,006,705, the largest amount on record.
Homes that sold in 2019 were on the market for just under 5 months before going under contract – down from a high of 15 months in 2012 and the shortest duration since 2004. The average negotiating discount – the % difference between a home’s list price and sale price – was 5.36% in 2019, essentially matching the three years that preceded (which averaged 5.23%).
Inventory in Quechee decreased substantially compared to 2018. Specifically, there were just twenty-seven (27) homes actively listed on December 31, 2019, down 34% from forty-one (41) listed on the same date in 2018.
Sales of properties over $1 million in Quechee are few and far between. However, there was one such property that closed in 2019 – 210 Galaxy Hill Lane – for $1,347,500.
The market for condominiums in Quechee was also very strong in 2019 with fifty (50) sales, down slightly from 2018 which saw fifty-four (54). Like single-family homes, condos that sold in 2019 spent just 5 months on the market before going under contract, the shortest duration since 2004.
Charts illustrating the above information can be found below, followed by a complete list of all sixty-two (62) single-family and fifty (50) condominiums that closed in Quechee in 2019.
A list of all sixty-two (62) single-family properties that sold/closed in Quechee in 2019 is below.
A list of all fifty (50) condominium properties that sold/closed in Quechee in 2019 is below.