The Woodstock, Vermont real estate market was very strong in 2019, with seventy-two (72) sales of single-family homes, perfectly matching the record that was set in 2017.
Prices in Woodstock rose for regular, non-luxury properties. For example, buyers paid either at or above a seller’s list price in 25% of the transactions in 2019. This created unique challenges for financed deals because appraisers often could not find a “comp” for the home being sold. Some of these at/above list price cash deals became helpful for appraisal on subsequent financed deals.
Supply of single-family homes in Woodstock has been decreasing gradually since 2014 and reached its lowest point at the conclusion of 2019. Specifically, there were just forty-seven (47) homes actively listed on December 31, 2019, down 22% from sixty (60) that were listed on the same date in 2018. If buyer demand remains the same in 2020, we anticipate that inventory will continue to decline, and prices will continue to rise for non-luxury homes.
The luxury market in Woodstock was solid in 2019, with nine (9) sales over $1 million. While the inventory of homes listed for over $1 million continued to decline, there is also a “shadow inventory” of luxury properties that are available but not visible on MLS, keeping a lid on prices.
Charts illustrating the above information can be found below, followed by a complete list of all seventy-two (72) single-family properties that closed in Woodstock in 2019.
A list of all seventy-two (72) single-family properties that sold/closed in Woodstock in 2019 is below.