POMFRET MARKET AREA
The Pomfret, Vermont real estate market saw eighteen (18) sales of single-family homes in 2021, down from a record-shattering thirty-five (35) in 2020 to its second-highest mark in history.
On average, homes spent a record-low 96 days on the market prior to sale, while the average price climbed to $975,930, an increase of over $260k from the average price in 2020.
Snyder Donegan was pleased to assist seven (7) buyers and sellers of all closed Pomfret transactions.
Supply of single-family homes in Pomfret has been declining gradually since 2013 but has fallen precipitously in the wake of the feverish buying market over the past two years. As of December 31, 2021, there were just two (2) single-family homes actively listed on the market with the average price being $2,187,500. Though we remain optimistic about the 2021 market, Pomfret will need a considerable infusion of new listings to keep up with anticipated strong buyer demand.
GREATER WOODSTOCK MARKET AREA
The Greater Woodstock Vermont market area (Barnard, Bridgewater, Hartland, Plymouth, Pomfret, Quechee, Reading, West Windsor, Woodstock) had another banner year in 2021 with 345 sales of single-family homes. Because of declining inventory, this was down 12% from 2021 but still at its second-highest mark of all time. Individually, the towns of Barnard and Woodstock matched their all-time sales records of thirty-four (34) and eighty-five (85), respectively, while Bridgewater and Reading broke their previous sales records with twenty-five (25) and twenty-two (22). Of the 345 homes sold in the GWA, buyers paid at or above a seller’s asking price in 186 of the transactions, with the average price hitting a record-high $569,659.
After two years of unprecedented market action, it stands to reason that the market is now significantly lacking in available inventory. As of December 31, 2021, there were just twenty-two (22) actively listed single-family homes on the MLS in the Greater Woodstock area, down 68% from the same time in 2021 and a down a staggering 85% from pre-pandemic 2019. Of the 22 active listings, thirteen (13) were priced over $1 million, making the average price of available homes $1,815,295.
As with the rest of the market, buying activity in the luxury market in the Greater Woodstock market area was very strong in 2021, with thirty-five (35) sales of homes over $1 million, a total second only to 2020’s thirty-eight (38) luxury sales. Snyder Donegan was pleased to represent fifteen (15) of the buyers and/or sellers of those luxury properties– including the highest priced sales in Barnard (182 North Road –$1.3 million), Hartland (32 Horton Hill Road –$1.8 million), and Woodstock (2574 Garvin Hill Road –$2.5125 million)– underscoring our company’s success with transactions in the luxury market.
POMFRET FY 2021 BY THE NUMBERS
- 18 SOLD single-family homes
- Average Price: $975,930
- Median Price: $524,500
- Total Volume: $17,566,735
- Average Negotiating Discount: -1.77%
- Average Days on the Market: 96.2
- 3 ACTIVE UNDER CONTRACT/PENDING single-family homes
- Average Price: $579,667
- Median Price: $579,000
- Average Days on the Market: 160.3
- 2 ACTIVELY LISTED single-family homes
- Average Price: $2,187,500
- Median Price: $2,187,500
- Average Days on the Market: 192.5
Charts illustrating portions of the above information can be found below, followed by a list of all 18 properties that closed in Pomfret during FY 2021.
A list of all 18 properties that sold/closed in Pomfret during FY 2021 is below.
| 8836 Pomfret Road, Pomfret, VT | $160,000 |
| 261 Starbuck Road, Pomfret, VT | $259,000 |
| 7478 Pomfret Road, Pomfret, VT | $290,000 |
| 478 Hidden Ridge Road, Pomfret, VT | $295,000 |
| 105 Starbuck Road, Pomfret, VT | $330,000 |
| 76 Rudge Road, Pomfret, VT | $430,000 |
| 448 Dana Road, Pomfret, VT | $467,500 |
| 372 Cherry Hill Road, Pomfret, VT | $479,000 |
| 338 VT Rt 12, Pomfret, VT | $519,000 |
| 120 Graves Road, Pomfret, VT | $530,000 |
| 738 Stage Road, Pomfret, VT | $875,000 |
| 9295 Pomfret Road, Pomfret, VT | $910,000 |
| 131 Bernard Road, Pomfret, VT | $1,150,000 |
| 477 Thistle Hill Road, Pomfret, VT | $1,555,000 |
| 545 Starbuck Road, Pomfret, VT | $1,800,000 |
| 390 Handy Road, Pomfret, VT | $1,867,235 |
| 935 Dana Road, Pomfret, VT | $2,350,000 |
| 769 Tom White Hill Road, Pomfret, VT | $3,300,000 |
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