BARNARD MARKET AREA
The Barnard, Vermont real estate market experienced a record year in sales of single-family homes in 2020, much like many other towns in the Greater Woodstock Market Area. Specifically, the market saw thirty-four (34) sales in total, up from fifteen (15) in 2019 and surpassing its previous record of twenty (20) set in 2018. As of December 31, there were an additional two (2) single-family homes actively under contract and likely to close within the coming months.
Snyder Donegan was pleased to assist twenty-one (21) buyers and sellers of all closed Barnard transactions, including the highest priced individual home sale of 2020, 3147 Mount Hunger Road at $2.55 million.
While the sales figures in Barnard and throughout the market have been record-breaking, the surge in sales has contributed to an historic shortage of available inventory in the market. At the close of 2020, there were just eight (8) single-family homes actively listed in Barnard, down from twenty-six (26) in 2019 to its lowest count since Snyder Donegan began compiling this statistic in 2010. While we remain optimistic about sales in 2021, markets such as Barnard will likely require an infusion of new listings to meet continued high demand in the area.
GREATER WOODSTOCK MARKET AREA
In total, 391 single-family homes sold in 2020 in the Greater Woodstock Vermont market area (Barnard, Bridgewater, Hartland, Plymouth, Pomfret, Quechee, Reading, West Windsor, Woodstock) up 62% from 242 in 2019. In fact, not only did every single town in the Greater Woodstock market experience an increase in total $ sales for the year, but nearly every town closed an all-time record number of homes. Of the 391 homes sold, buyers paid at or above a seller’s asking price in 118 of the transactions, with the average price hitting $558,347 (up from roughly $424,000 in 2019). Because of this boom, it stands to reason that inventory in the market is now significantly depleted, with just sixty-nine (69) single-family homes on the market at the close of the year compared to 179 at the same point in 2019.
As with the rest of the market, buying activity in the luxury market in the Greater Woodstock market area was very strong in 2020, with thirty-eight (38) sales of homes over $1 million sold/closed compared to thirteen (13) in all of 2019. Snyder Donegan was pleased to represent the buyers, sellers, or both in the highest priced 2020 individual home sales in Barnard (3147 Mount Hunger Road – $2.55 million), Bridgewater (403 North Bridgewater Road – $1.125 million), Pomfret (3429 Cloudland Road/”Sleepy Hollow Farm” – $2.2 million), and Plymouth (303 Frog City Road – $1.15 million).
Inventory is now genuinely tight at most price points up to about $1.5 million, and prices clearly rose, particularly in moderate price points and in properties closer to well-known towns like Woodstock and Hanover. Because of this, we are starting to see buyers move both outwards in location from traditional “centers” and upwards in price. And more rural, even “remote” properties have special appeal to those seeking more permanent safety from the COVID storm or a simpler way of life.
BARNARD FY 2020 BY THE NUMBERS
- 34 SOLD single-family homes
- Average Price: $640,746
- Median Price: $523,750
- Total Volume: $21,785,350
- Average Negotiating Discount: 5.41%
- Average Days on the Market: 254
- 2 ACTIVE UNDER CONTRACT/PENDING single-family homes
- Average Price: $277,250
- Median Price: $277,250
- Average Days on the Market: 75
- 8 ACTIVELY LISTED single-family homes
- Average Price: $736,375
- Median Price: $499,000
- Average Days on the Market: 155
Charts illustrating portions of the above Barnard information can be found below, followed by a complete list of the thirty-four (34) properties that closed during the full year of 2020.
A list of all 34 homes that sold/closed in Barnard during FY 2020 is below.