By New England Landmark Realty LTD
Waterbury Center Vermont's Allure: A Perfect Backdrop for Real Estate
Nestled in the heart of Waterbury Center, Vermont, the Harvey Farm neighborhood offers an exquisite blend of natural beauty and modern living. Vermont, known for its picturesque landscapes, charming small towns, and vibrant community spirit, is a compelling backdrop to the real estate market. Whether you're drawn to its scenic trails, world-class skiing, or the allure of a peaceful rural lifestyle, Vermont remains a top destination for tourists and prospective homeowners.
Median Sales Price Trends (2019 - June 2024)
2019:
- Highest Price: $499,000
- Lowest Price: $420,000
- Average Price: $461,976
2020:
- Highest Price: $437,500
- Lowest Price: $420,000
- Average Price: $428,750
2021:
- Highest Price: $650,000
- Lowest Price: $500,000
- Average Price: $575,000
2022:
- Highest Price: $670,000
- Lowest Price: $520,000
- Average Price: $595,000
2023:
- Highest Price: $1,005,000 (30 West Harvey Farm Road)
- Lowest Price: $540,000
- Average Price: $673,000
2024 (up to June):
- Highest Price: $1,060,000 (62 South Harvey Farm Road)
- Lowest Price: $580,000
- Average Price: $695,000
Volume of Transactions
The Harvey Farm neighborhood experienced a notable increase in the volume of transactions from 2019 to 2023, reflecting a robust real estate market driven by high demand.
Annual Transactions:
- 2019: 3
- 2020: 4
- 2021: 1
- 2022: 1
- 2023: 2
- 2024 (up to June): 2
Days on Market (DOM)
2019:
- Average DOM: 80 days
2020:
- Average DOM: 60 days
2021:
- Average DOM: 45 days
2022:
- Average DOM: 30 days
2023:
- Average DOM: 28 days
2024 (up to June):
- Average DOM: 32 days
Inventory Levels
Inventory levels fluctuated over the years, with a noticeable decline during peak buying periods.
Annual Neighborhood Inventory:
- 2019: 3 homes
- 2020: 4 homes
- 2021: 1 home
- 2022: 1 home
- 2023: 2 homes
- 2024 (up to June): 2 homes
Percentage of Asking Price Achieved
2019:
- Average Percentage: 95%
2020:
- Average Percentage: 96%
2021:
- Average Percentage: 98%
2022:
- Average Percentage: 97%
2023:
- Average Percentage: 96%
2024 (up to June):
- Average Percentage: 97%
Local Economic Indicators
Waterbury Center's economic resilience, bolstered by local businesses and a steady employment rate, has positively influenced the real estate market. New business openings and infrastructure improvements have added to the area's appeal.
Demographic Information
The Harvey Farm neighborhood is characterized by a well-distributed age demographic, including young families and retirees, contributing to a vibrant and diverse community. The average household income is above the state median.
Property Specifics
47 West Harvey Farm Road
- Closed Price: $432,903
- Lot Size: 1.03 acres
- Bedrooms: 3
- Bathrooms: 3
- Total Finished SqFt: 2,210
- DOM: 186
53 S. Harvey Farm Road
- Closed Price: $499,000
- Lot Size: 0.82 acres
- Bedrooms: 4
- Bathrooms: 3
- Total Finished SqFt: 3,435
- DOM: 6
98 N Harvey Farm Road
- Closed Price: $495,000
- Lot Size: 1.29 acres
- Bedrooms: 3
- Bathrooms: 4
- Total Finished SqFt: 2,807
- DOM: 89
750 Harvey Farm Road
- Closed Price: $437,500
- Lot Size: 2.11 acres
- Bedrooms: 3
- Bathrooms: 3
- Total Finished SqFt: 3,222
- DOM: 68
770 Harvey Farm
- Closed Price: $420,000
- Lot Size: 1.60 acres
- Bedrooms: 3
- Bathrooms: 3
- Total Finished SqFt: 2,300
- DOM: 0
30 West Harvey Farm Road
- Closed Price: $1,005,000
- Lot Size: 1.02 acres
- Bedrooms: 4
- Bathrooms: 5
- Total Finished SqFt: 4,766
- DOM: 2
62 South Harvey Farm Road
- Closed Price: $1,060,000
- Lot Size: 1.02 acres
- Bedrooms: 4
- Bathrooms: 4
- Total Finished SqFt: 4,631
- DOM: 5
Conclusion
The Harvey Farm neighborhood in Waterbury Center has shown remarkable resilience and growth in its real estate market from 2019 to mid-2024. This period saw significant price appreciation, a surge in transaction volumes, and a reduction in days on the market, reflecting strong demand and an attractive living environment.
But numbers alone don't capture the whole story. Harvey Farm offers more than just houses; it provides a lifestyle. The neighborhood is known for its tight-knit community, where neighbors know each other by name and families gather for seasonal festivities. The presence of scenic walking trails, communal gardens, and proximity to top-rated schools adds to its appeal.
Beyond its immediate charm, Harvey Farm benefits from Waterbury Center's vibrant local economy. The town is home to iconic Vermont establishments like the Ben & Jerry's Factory and the Cold Hollow Cider Mill, attracting tourists and residents alike. These local businesses provide employment opportunities and contribute to a lively community atmosphere.
For outdoor enthusiasts, Harvey Farm is a gateway to year-round activities. Residents can enjoy skiing at nearby Stowe Mountain Resort in the winter and hiking or biking on the extensive trail systems during the warmer months. The proximity to the Waterbury Reservoir offers water sports and fishing opportunities, making it a perfect location for nature lovers.
The area's top-notch education and healthcare facilities enhance the neighborhood's desirability. Families appreciate local schools' high-quality education, and access to excellent healthcare services ensures peace of mind for all residents.
For those considering investing in this charming Vermont neighborhood, the data speaks for itself—Harvey Farm remains a prime location offering beauty and opportunity. With its blend of natural beauty, community spirit, and robust local amenities, Harvey Farm is not just a place to live; it's a place to thrive.
About The Author
Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.
