STRAFFORD MARKET AREA
The Strafford, Vermont real estate market saw ten (10) sales of single-family homes over the course of 2021, down from fifteen (15) sales in 2020.
Snyder Donegan was pleased to assist two (2) buyers and sellers of all closed Strafford transactions in 2021, including the highest priced individual home sale– 115 Wetmore Road at $665,000.
Though statistically not the market’s most successful year on record in regard to sales– 2017 saw twenty-two (22) closed transactions– homes that did sell were on the market for a record-low 28 days, down from 126 in 2020. Additionally, of the total homes sold, four (4) did so either at or above the seller’s asking price with the average price up from 2020 to $387,500.
While buying activity may have appeared slower in Strafford in relation to neighboring towns in the Greater-Hanover Lebanon market area, we believe this was likely due to the lack of inventory available. As of December 31, there were no single-family homes actively listed in Strafford, down from thirteen (13) actively listed in 2018. Considering this, Strafford will need a considerable infusion of new listings to keep up with what we expect to be continued strong buyer demand in 2022.
GREATER HANOVER-LEBANON MARKET AREA
Like the GWA market, the Greater Hanover-Lebanon market area (Hanover, Hartford, Lebanon, Lyme, Norwich, Plainfield, Strafford) registered its second-highest total number of transactions in history with 401 sales of single-family homes, shy of 2020’s record of 439. Buyers paid either at or above a seller’s asking price in 266 of the 401 sales that transacted over the year, with the average price of a home reaching a record $620,277.
Not surprisingly, these record totals have left a vacuum in terms of available inventory, as there were just eighteen (18) single-family homes actively listed in the entire Greater-Hanover market area on December 31, 2021, down from twenty-eight (28) at the same point in 2020 and down sharply from the eighty-four (84) available at this time in 2019.
In regard to luxury sales, the Greater Hanover-Lebanon market area saw a record fifty-seven (57) sales of homes that sold/closed for $1 million or more, shattering the previous record of thirty-six (36) set in 2020. The town of Hanover alone recorded thirty (30) luxury sales, its highest total in history. Snyder Donegan was pleased to represent nineteen (19) of the buyers and/or sellers of those luxury properties, including the highest priced sale in Norwich 2020 (180 Birch Hill Lane –$3.375 million).
STRAFFORD FY 2021 BY THE NUMBERS
- 10 SOLD single-family homes
- Average Price: $387,500
- Median Price: $317,000
- Total Volume: $3,875,000
- Average Negotiating Discount: -1.14%
- Average Days on the Market: 28.2
- 0 ACTIVE UNDER CONTRACT/PENDING single-family homes
- 0 ACTIVELY LISTED single-family home
Charts illustrating portions of the above information can be found below, followed by a complete list of all 10 properties that sold during the full year of 2021.
A list of all 10 properties that sold/closed in Strafford during FY 2021 is below.
| 1806 Cross Road, Strafford, VT | $155,000 |
| 100 Route 132, Strafford, VT | $214,000 |
| 13 Stableford Road, Strafford, VT | $265,000 |
| 5584 Miller Pond Road, Strafford, VT | $280,000 |
| 90 Downer Forest Road, Strafford, VT | $285,000 |
| 228 Justin Morrill Memorial Highway, Strafford, VT | $350,000 |
| 70 Stage Road, Strafford, VT | $472,000 |
| 74 Alger Brook Road, Strafford, VT | $590,000 |
| 16 Brokaw Road, Strafford, VT | $599,000 |
| 115 Wetmore Road, Strafford, VT | $665,000 |
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