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

 

QUECHEE MARKET AREA

The Quechee, Vermont real estate market had an exceptional year in 2020, setting a number of new records for both single-family and condominium sales.

 

There were an all-time high eighty-three (83) sales of single-family homes in Quechee in 2020, up from sixty-two (62) in 2019. With the average price of homes rising nearly 30% from 2019 to $477,701, these record sales translated into $39,649,176 in total dollar volume, the largest amount on record.

 

On average, homes spent just 111 days on the market prior to sale, down from 143 in 2019 to its lowest point since Snyder Donegan began tracking the statistic in 2004. Additionally, after four consecutive years of the average negotiating discount– percent difference between a home’s list price and sale price– remaining steady at an average of 5.26%, that figure dropped considerably to 3.11% in 2020, meaning that buyers were much more likely to pay closer to sellers’ asking prices than in years past. In fact, of the 83 total sales, buyers paid at or above asking price in thirty-four (34) transactions.

 

With record-breaking sales, however, came a record low of inventory left on the market, as there were just seven (7) single-family homes actively listed in Quechee as of December 31, down 74% from the same point in 2019.

 

In regard to condominium sales, 2020 proved to be Quechee’s most successful year on record, following the same trends as those of the single-family market. An all-time high sixty-one (61) sales transacted compared to fifty (50) in 2019, resulting in the highest total dollar volume ($12,660,715) since before the 2008 recession. With a highly motivated buyer pool, the average negotiating discount and average days on the market both hit record lows of 2.63% and 76 days, respectively. This surge of buying activity once again left inventory at a premium, as there were just three (3) condos actively listed as of December 31, down 75% from 2019 and 86% from 2018.

 

While we remain optimistic about sales in 2021, Quechee will likely require an infusion of new listings to meet what we expect to be 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.

 

QUECHEE FY 2020 BY THE NUMBERS

  • 83 SOLD single-family homes
    • Average Price: $477,701
    • Median Price: $354,000
    • Total Volume: $39,694,176
    • Average Negotiating Discount: 3.11%
    • Average Days on the Market: 111
  • 10 ACTIVE UNDER CONTRACT/PENDING single-family homes
    • Average Price: $433,000
    • Median Price: $392,000
    • Average Days on the Market: 67
  • 7 ACTIVELY LISTED single-family homes
    • Average Price: $1,023,286
    • Median Price: $625,000
    • Average Days on the Market: 180
  • 61 SOLD condominiums
    • Average Price: $207,553
    • Median Price: $163,000
    • Total Volume: $12,660,715
    • Average Negotiating Discount: 2.63%
    • Average Days on the Market: 76
  • 2 ACTIVE UNDER CONTRACT/PENDING condominiums
    • Average Price: $156,750
    • Median Price: $156,750
    • Average Days on the Market: 4.5
  • 3 ACTIVELY LISTED condominiums
    • Average Price: $346,333
    • Median Price: $395,000
    • Average Days on the Market: 120

 

Charts illustrating portions of the above information can be found below, followed by a complete list of all the 83 single-family homes and 61 condominiums that sold in Quechee in FY 2020.  

 

A list of all 83 single-family homes that sold/closed in Quechee during FY 2020 is below.

187 Morrill Bend, Quechee, VT

$100,000

86 West Fisher Road, Quechee, VT

$120,000

128 Marsh Family Road, Quechee, VT

$160,000

530 Morgan Road, Quechee, VT

$175,000

475 Jay Hill Road, Quechee, VT

$177,500

1449 Willard Road, Quechee, VT

$180,000

525 Morgan Road, Quechee, VT

$185,000

79 Dwight Road, Quechee, VT

$199,000

155 Hard Road, Quechee, VT

$200,000

36 Dawn Drive, Quechee, VT

$205,000

199 Morgan Road, Quechee, VT

$210,000

1927 Willard Road, Quechee, VT

$215,000

1029 Baker Turn, Quechee, VT

$219,000

17 Lyon Drive, Quechee, VT

$220,000

957 Marsh Family Road, Quechee, VT

$235,000

693 Noyes Lane, Quechee, VT

$235,500

46 Coolidge Drive, Quechee, VT

$239,500

433 Fairbanks Turn Loop, Quechee, VT

$250,000

299 Royall Tyler Road, Quechee, VT

$250,000

1037 Safford Road, Quechee, VT

$250,000

370 Hard Road, Quechee, VT

$259,000

1593 Marsh Family Road, Quechee, VT

$260,000

92 Bentley Road, Quechee, VT

$269,000

163 Fox Lane, Quechee, VT

$280,000

1076 Safford Road, Quechee, VT

$289,000

767 Wheelock Road, Quechee, VT

$299,000

863 Fairbanks Turn Road, Quechee, VT

$300,000

160 Bennington Lane, Quechee, VT

$305,000

142 Hartness Way, Quechee, VT

$307,000

399 Hard Road, Quechee, VT

$309,000

392 Jay Hill Road, Quechee, VT

$309,000

928 Wheelock Road, Quechee, VT

$310,000

126 Williams Lane, Quechee, VT

$310,000

454 Jay Hill Road, Quechee, VT

$319,000

88 Davenport Lane, Quechee, VT

$320,000

2428 Willard Road, Quechee, VT

$324,000

1517 Willard Road, Quechee, VT

$335,000

40 Mercy Strong Lane, Quechee, VT

$338,500

1070 Marsh Family Road, Quechee, VT

$340,000

50 Hemenway Way, Quechee, VT

$341,000

323 Alden Partridge Road, Quechee, VT

$350,000

2090 Quechee Main Street, Quechee, VT

$354,000

173 Sunrise Circle, Quechee, VT

$399,000

200 River Street, Quechee, VT

$400,000

492 Taft Family Road, Quechee, VT

$405,000

1596 Willard Road, Quechee, VT

$410,000

115 Kilgore Lane, Quechee, VT

$425,000

710 Meadowland Farms Road, Quechee, VT

$435,000

382 Morgan Road, Quechee, VT

$445,000

505 Fairbanks Turn, Quechee, VT

$450,000

1013 Willard Road, Quechee, VT

$465,000

207 Hartness Way, Quechee, VT

$479,000

997 Willard Road, Quechee, VT

$479,000

1079 Wheelock Road, Quechee, VT

$485,000

474 Williams Lane, Quechee, VT

$495,000

263 Pheasant Trace, Quechee, VT

$499,000

197 River Street, Quechee, VT

$500,176

96 Hawkwood Lane, Quechee, VT

$510,000

1964 Willard Road, Quechee, VT

$519,000

189 Hartness Way, Quechee, VT

$525,000

66 Hartness Way, Quechee, VT

$540,000

688 Fairbanks Turn, Quechee, VT

$540,000

506 Williams Lane, Quechee, VT

$545,000

200 Morgan Road, Quechee, VT

$550,000

45 Golfview Lane, Quechee, VT

$570,000

759 Fairbanks Turn, Quechee, VT

$575,000

50 Baker Turn Road, Quechee, VT

$580,000

1304 Marsh Family Road, Quechee, VT

$588,500

398 Royall Tyler Road, Quechee, VT

$600,000

1301 Hillside Road, Quechee, VT

$615,000

249 Chester Arthur Road, Quechee, VT

$619,000

1211 Hillside Road, Quechee, VT

$667,500

830 Fairbanks Turn, Quechee, VT

$670,000

134 Angell Trail, Quechee, VT

$740,000

215 Quechee West-Hartford Road, Quechee, VT

$750,000

245 Rabbit Run, Quechee, VT

$760,000

1171 Quechee Main Street, Quechee, VT

$781,000

93 Heritage Lane, Quechee, VT

$785,000

146 Red Barn Road, Quechee, VT

$805,000

300 Red Barn Road, Quechee, VT

$810,000

1380 Old Quechee Road, Quechee, VT

$890,000

94 Vista Drive, Quechee, VT

$1,300,000

1403 Quechee West Hartford Road, Quechee, VT

$5,190,000

 

 

 

A list of all 61 condominiums that sold/closed in Quechee during FY 2020 is below.

574 Willard Road, Quechee, VT

$55,000

574 Willard Road, Quechee, VT

$60,000

860 Murphys Road, Quechee, VT

$70,000

574 Willard Road, Quechee, VT

$70,000

574 Willard Road, Quechee, VT

$71,000

327 Old Quechee Road, Quechee, VT

$75,900

253 Old Quechee Road, Quechee, VT

$78,500

445 Old Quechee Road, Quechee, VT

$79,000

445 Old Quechee Road, Quechee, VT

$85,000

327 Old Quechee Road, Quechee, VT

$86,000

574 Willard Road, Quechee, VT

$90,000

860 Murphys Road, Quechee, VT

$100,000

111 Lakeland Drive, Quechee, VT

$100,500

976 Hard Road, Quechee, VT

$109,000

105 Williams Lane, Quechee, VT

$109,500

807 Murphy's Road, Quechee, VT

$110,000

860 Murphys Road, Quechee, VT

$119,000

1163 Baker Turn Unit 2E, Quechee, VT

$120,000

1221 Baker Turn Road, Quechee, VT

$125,000

826 Hard Road, Quechee, VT

$130,000

807 Murphys Road, Quechee, VT

$135,000

1163 Baker Turn, Quechee, VT

$135,000

807 Murphys Road, Quechee, VT

$140,000

807 Murphys Road, Quechee, VT

$145,000

105 Williams Lane, Quechee, VT

$145,065

105 Williams Lane, Quechee, VT

$150,000

355 Lyman Batcheller Road, Quechee, VT

$150,000

365 Lyman Batcheller Road, Quechee, VT

$155,000

5D 111 Lakeland Drive, Quechee, VT

$155,000

291 Sugar Hill Lane, Quechee, VT

$160,000

1191 Baker Turn, Quechee, VT

$163,000

394 Lyman Batcheller Road, Quechee, VT

$169,000

807 Murphy's Road, Quechee, VT

$176,500

417 Lyman Batcheller Road, Quechee, VT

$192,500

581 Williams SV8A Lane, Quechee, VT

$217,500

184 Sugar Hill Lane, Quechee, VT

$219,000

807 Murphys Road, Quechee, VT

$220,000

807 Murphys Road, Quechee, VT

$230,000

172 Sugar Hill Lane, Quechee, VT

$235,000

1221 Baker Turn, Quechee, VT

$235,000

170 Sugar Hill Lane, Quechee, VT

$235,000

917 Murphy's Road, Quechee, VT

$242,500

919 Murphys Road, Quechee, VT

$260,000

111 Lakeland Drive, Quechee, VT

$265,000

807 Murphy Road, Quechee, VT

$280,000

451 Williams Lane, Quechee, VT

$289,000

451 Williams Lane, Quechee, VT

$295,000

463 Alden Partridge Road, Quechee, VT

$300,000

111 Lakeland Drive, Quechee, VT

$305,000

463 Alden Partridge Road, Quechee, VT

$325,000

147 Catamount Road, Quechee, VT

$343,000

1140 Murphy's Road, Quechee, VT

$345,000

67 Granite Way, Quechee, VT

$350,000

138 Granite Way, Quechee, VT

$362,000

25 Otter Road, Quechee, VT

$362,000

131 Granite Way, Quechee, VT

$382,000

3755 Quechee Main Court, Quechee, VT

$402,850

131 Granite Way, Quechee, VT

$440,000

580 Murphys Road, Quechee, VT

$466,500

60 Lakeland Drive, Quechee, VT

$514,900

580 Murphys Road, Quechee, VT

$525,000

 

 

 

 

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