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Hartford, Vermont Real Estate Market Report - Full Year, 2020

https://www.snyderdonegan.com/blog/posts/2021/01/20/hartford-vermont-real-estate-market-report-full-year-2020/

 

HARTFORD MARKET AREA

The Hartford, Vermont real estate market experienced a record-breaking year in 2020 with 102 sales of single-family homes, up from eighty-three (83) in 2019 for a total of $28,645,651 in dollar volume. At the time of this writing there were an additional eleven (11) single-family homes active under contract or pending and likely to close within the coming months.

 

While many neighboring towns were seeing a dip in sales at the midway point of the year– likely due to COVID lockdowns and travel restrictions– the Hartford market was one of few that overall continued to perform well and showed a slight increase in sales from its 2019 numbers. That performance then reached unprecedented heights in the second half of the year, as the 2020 Hartford market closed out with record highs in total sales, total dollar volume, and average price ($280,840) of sold/closed homes, while also registering an all-time low average negotiating discount (2.10%)– the percent difference between a home’s list price and sales price.

 

With record-breaking sales, however, comes a record low of inventory left on the market. As of December 31, there were just five (5) single-family homes actively listed in Hartford, down 77% from the same point in 2019. While we remain optimistic about sales in 2021, markets such as Hartford will likely require a significant infusion of new listings to meet continued high demand in the area.

 

GREATER HANOVER-LEBANON MARKET AREA

The Greater Hanover-Lebanon market area (Hanover, Hartford, Lebanon, Lyme, Norwich, Plainfield, Strafford) also had a banner year in 2020 with 439 sales of single-family homes, eclipsing its 2019 total of 338, a 30% increase. Like the Greater Woodstock area, each town in the GHLA either met or exceeded its 2019 figures for total sales, with Hanover, Hartford, and Lyme setting all-time records. In 200 of the 439 sales that transacted over the year, buyers paid either at or above a seller’s asking price, with the average price of a home reaching $505,604. Not surprisingly, these record totals have left a vacuum in terms of available inventory, as there were just twenty-eight (28) single family homes actively listed in the entire Greater-Hanover market area on December 31 compared to eighty-four (84) at the same point in 2019.

 

In regard to luxury sales, the Greater Hanover-Lebanon market area saw thirty-six (36) sales of homes that sold/closed for $1 million or more. Snyder Donegan was pleased to represent the buyers, sellers, or both in the highest priced 2020 individual home sales in Hanover (24 Occom Ridge – $3.1 million) and Lyme (42 Claflin Lane – $2.575 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.

 

HARTFORD FY 2020 BY THE NUMBERS

  • 102 SOLD single-family homes
    • Average Price: $280,840
    • Median Price: $256,250
    • Total Volume: $28,645,651
    • Average Negotiating Discount: 2.10%
    • Average Days on the Market: 79
  • 11 ACTIVE UNDER CONTRACT/PENDING single-family homes
    • Average Price: $276,436
    • Median Price: $275,000
    • Average Days on the Market: 31
  • 5 ACTIVELY LISTED single-family homes
    • Average Price: $273,680
    • Median Price: $254,000
    • Average Days on the Market: 140

 

Charts illustrating portions of the above information can be found below, followed by a complete list of all 102 properties that sold in Hartford in FY 2020.

 

A list of all 102 properties that sold/closed in Hartford in FY 2020 is below.

268 Latham Works Lane, Hartford, VT

$65,000

92 Dothan Road, Hartford, VT

$77,000

124 Stonecrest Avenue, Hartford, VT

$81,050

216 Hazen Street, Hartford, VT

$90,000

114 Brookmeade Circle, Hartford, VT

$110,000

772 Hathaway Road, Hartford, VT

$113,500

421 Connecticut River Road, Hartford, VT

$119,000

59 Hazen Street, Hartford, VT

$130,000

5561 Route 14, Hartford, VT

$130,000

76 Colonial Drive, Hartford, VT

$135,000

2539 Jericho Street, Hartford, VT

$140,000

33 C Street, Hartford, VT

$145,000

1232 North Hartland Road, Hartford, VT

$165,000

706 Hartford Avenue, Hartford, VT

$165,000

5575 VT Route 14, Hartford, VT

$170,000

243 Locust Street, Hartford, VT

$174,000

78 West Gilson Avenue, Hartford, VT

$174,000

7 Spruce Street, Hartford, VT

$178,000

118 Hill Crest Terrace, Hartford, VT

$180,000

421 Connecticut River Road, Hartford, VT

$189,000

249 Christian Street, Hartford, VT

$190,000

172 Stonecrest Avenue, Hartford, VT

$190,000

225 Connecticut River Road, Hartford, VT

$193,000

131 Ravenswood Terrace, Hartford, VT

$199,000

1006 Jericho Road, Hartford, VT

$199,900

268 Latham Works Lane, Hartford, VT

$200,000

221 Lower Hyde Park, Hartford, VT

$205,000

634 Pomfret Road, Hartford, VT

$205,000

1845 Hartford Avenue, Hartford, VT

$207,000

63 Third Avenue, Hartford, VT

$208,000

43 Hitchcock Drive, Hartford, VT

$209,000

489 South Main Street, Hartford, VT

$220,000

34 Center of Town Road, Hartford, VT

$225,000

1757 Wildlife Road, Hartford, VT

$225,000

97 Chandler Road, Hartford, VT

$225,000

356 Norwich Avenue, Hartford, VT

$228,000

29 Horseshoe Avenue, Hartford, VT

$228,000

500 Chandler Road, Hartford, VT

$229,000

718 Sykes Mountain Avenue, Hartford, VT

$229,900

401 Colonial Drive, Hartford, VT

$233,000

1 South Street, Hartford, VT

$235,000

40 Chellis Street, Hartford, VT

$235,000

1631 Christian Street, Hartford, VT

$238,000

274 Gifford Road, Hartford, VT

$239,000

1253 Safford Road, Hartford, VT

$239,750

14 Birchwood Drive, Hartford, VT

$239,900

66 Wilder Street, Hartford, VT

$240,000

1829 Hartford Avenue, Hartford, VT

$245,300

43 Longview Lane, Hartford, VT

$249,000

2067 Quechee/West Hartford Road, Hartford, VT

$250,000

107 Winding Brook Lane, Hartford, VT

$255,000

127 Luce Meadow Road, Hartford, VT

$257,500

167 Chestnut Street, Hartford, VT

$259,000

187 Rogers Road, Hartford, VT

$265,000

82 Hiram Atkins Byway, Hartford, VT

$268,000

314 Butternut Road, Hartford, VT

$269,000

99 Davis Circle, Hartford, VT

$269,900

39 Hawthorn Street, Hartford, VT

$270,000

33 Westfield Drive, Hartford, VT

$272,000

12 Foliage Lane, Hartford, VT

$275,000

4331 Quechee West Hartford Road, Hartford, VT

$279,000

48 Laurel Lane, Hartford, VT

$283,000

762 Hathaway Road, Hartford, VT

$285,000

75 April Lane, Hartford, VT

$287,000

314 Newton Lane, Hartford, VT

$295,000

4460 Woodstock Road, Hartford, VT

$295,000

143 Passumpsic Avenue, Hartford, VT

$297,500

143 Ridge View Road, Hartford, VT

$305,000

93 Costello Road, Hartford, VT

$305,000

55 Elm Street, Hartford, VT

$309,000

181 Butternut Road, Hartford, VT

$309,000

83 Ridge View Road, Hartford, VT

$311,000

194 Sunrise Circle, Hartford, VT

$317,000

375 Ravenswood Terrace, Hartford, VT

$322,000

36 Conifer Road, Hartford, VT

$329,000

199 Butternut Road, Hartford, VT

$330,000

2 Sanctuary Circle, Hartford, VT

$330,000

1421 Maple Street, Hartford, VT

$330,000

2092 Jericho Street, Hartford, VT

$332,000

118 Butternut Road, Hartford, VT

$345,000

2 Sterling Springs Drive, Hartford, VT

$350,000

2516 Old River Road, Hartford, VT

$350,000

365 Wood Road, Hartford, VT

$360,000

117 Perkins Lane, Hartford, VT

$365,000

185 Aster Drive, Hartford, VT

$369,900

36 Dogwood Lane, Hartford, VT

$381,551

100 Nolan Bend, Hartford, VT

$382,500

72 Longview Lane, Hartford, VT

$384,000

414 Byron Hill Road, Hartford, VT

$395,000

186 Butternut Road, Hartford, VT

$399,000

299 Handy Road, Hartford, VT

$412,000

1325 Wildlife Road, Hartford, VT

$435,000

1727 Christian Street, Hartford, VT

$440,000

3320 Quechee West Hartford Road, Hartford, VT

$459,000

4470 Jericho Street, Hartford, VT

$460,000

1049 Kings Highway, Hartford, VT

$485,000

4978 Quechee West Htfd Road, Hartford, VT

$529,000

101 East Fisher Road, Hartford, VT

$575,000

312 Meadowland Farms Road, Hartford, VT

$648,000

306 Runnals Road, Hartford, VT

$700,000

3703 Jericho Street, Hartford, VT

$735,000

411 Wood Road, Hartford, VT

$784,500

 

 

 

 

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