Our Blog

Our Blog

Latest Posts

Blog

Understanding the Northwest Vermont Real Estate Market: April 2024 Update

April 2024 Northwest Vermont Real Estate Market Update

Spring has arrived in Northwest Vermont, and with it, a bustling real estate market that's picking up steam. If you're thinking about buying or selling a home, now is a great time to understand what's happening in our local market. This blog post will walk you through some key statistics and explain why these numbers matter to you. Let's dive in! Statistics are for single-family home sales in Grand Isle, Franklin, and Chittenden County in April 2024.

The real estate market in Northwest Vermont is known for being seasonal, with spring typically bringing more activity. This year is no exception. We're seeing a steady start to the spring market, with more listings becoming available. Whether you're a buyer or a seller, it's crucial to stay informed about the current trends and statistics.

  • Median Sales Price = $507,500

The median sales price of $507,500 indicates that home values are on the rise. This is great news for sellers because it means you might get more money for your home compared to last year. For buyers, it's a sign that investing in property here could be a good long-term decision, as home values are appreciating.

  • Closed Sales = 88

With 88 closed sales in April, there's been an 8.6% increase from the previous month. However, there's a 7.4% decrease compared to April 2023. This suggests that while more homes are selling this spring, the market is still catching up to last year's pace.

  • Median Days on Market = 6

Homes are staying on the market for a median of 6 days, which is a 25% decrease from the previous month. However, this is a 20% increase from April 2023. If you're selling, this means your home is likely to sell quickly. Buyers, be ready to move fast when you find a home you love, as properties are still moving quickly.

  • List Price Received = 99.5%

Sellers are getting 99.5% of their list price on average. While this is slightly down from the previous month, it's still very close to full asking price. This means that pricing your home correctly is essential to getting top dollar. Buyers, you can expect to pay near the asking price, so be prepared for negotiations to be competitive.

  • New Listings = 166

With 166 new listings in April, there's a significant increase from both the previous month and April 2023. This is great news for buyers, as more options are coming onto the market. Sellers, more listings mean more competition, so make sure your home stands out.

  • Active Inventory = 171

There are 171 active listings in our region, showing a small increase from the previous month and last year. This balanced increase helps keep the market dynamic and gives buyers more choices. Sellers, you'll need to make your home appealing to attract buyers in this growing inventory.

 

Northwest Vermont Market Review By County:

Statistics are for single-family home sales in April 2024.

Chittenden County:

  • Active Inventory = 71

  • Median Sales Price = $525,000

  • Median Days On Market = 6

  • Closed Sales = 59

  • List Price Received = 99.7%

Franklin County:

  • Active Inventory = 75

  • Median Sales Price = $372,500

  • Median Days On Market = 8

  • Closed Sales = 24

  • List Price Received = 99.1%

Grand Isle County:

  • Active Inventory = 25

  • Median Sales Price = $662,500

  • Median Days On Market = 12

  • Closed Sales = 5

  • List Price Received = 98.8%

 

Partner with a Local Real Estate Expert

Navigating the Northwest Vermont real estate market can be competitive and complex. Market conditions can vary by county, town, and property type. That's why it's essential to partner with a local real estate expert. They can provide you with a detailed market analysis tailored to your area of interest, helping you make informed decisions whether you're buying or selling.

A market analysis gives you a comprehensive look at current market conditions, comparable home sales, and pricing strategies. This information is crucial for setting the right price for your home or making a competitive offer as a buyer.

The Benefits of Working with a Local Expert

Our Realtors work throughout Northwest Vermont and have in-depth knowledge of the Vermont market. They understand the seasonal trends, neighborhood specifics, and what buyers and sellers are looking for. With their expertise, you can navigate the market confidently and achieve your real estate goals.

If you're ready to take the next step in your real estate journey, contact us today for a personalized market analysis. Let's work together to make your home buying or selling experience in Northwest Vermont a success.

 

Office Update: 2024 Green Up Day Recap

The Coldwell Banker Islands Realty team had a great time participating in Vermont's Annual Green Up Day this past weekend. Green Up Vermont aims to foster a sense of responsibility towards preserving our state’s natural landscapes and water bodies, as well as enhancing community well-being through active participation in Green Up Day. By doing so, they strive to increase public understanding of the enduring advantages of maintaining a litter-free environment, spanning ecological, economic, and aesthetic realms. We are proud to partake in this great Vermont tradition. It is always fun to get together with community members and work together to make the Lake Champlain Islands area cleaner and greener! Check out a quick highlight video from May 4th, 2024 below. 

Comments

  1. No comments. Be the first to comment.

Hidden Home: Authentic Lakefront Cottage in South Hero, Vermont

May’s hidden home is an authentic vintage Kibbe Point cottage located at the end of a private road with 500 ft of direct Lake Champlain frontage. Sited to take advantage of the breathtaking elevated views of the Inland Sea and the Green Mountains.

This home is currently for sale. Learn more 

Must-Attend May Events in the Champlain Valley

As the vibrant hues of spring sweep across Vermont, May ushers in a flurry of activities and events throughout Northwest Vermont. From community clean-ups to local shopping events, there's something for everyone to enjoy. Keep reading to discover the local happenings in the region.

Volunteer for Green Up Day

Kick off the month by joining the statewide tradition of Green Up Day on May 4th. Take part in this noble endeavor to clean up your local community, from neighborhood roads to waterways. Gather your friends, grab your green up bags, and make a positive impact on the environment while helping your community.

Green Up Day Information

Sip and Shop at Shore Acres 

Experience the ultimate blend of local artisanal charm and lakefront elegance at Shore Acres Inn and Restaurant, where you can indulge in expertly crafted cocktails while perusing a curated selection of gifts from talented local artisans. Treat yourself or find the perfect gift for Mom amidst the stunning backdrop of the Lake Champlain. 

Event Information

Attend a Flower Farming Workshop

Throughout May, immerse yourself in the world of blooms at Horsford Nursery in Charlotte, Vermont. Explore events and workshops where you can purchase new flowers and glean insights from experts on everything from planning to harvest in flower farming.

See event schedule

Support Your Local Farmers Market 

Celebrate the return of Vermont's local farmers markets throughout May. Saturdays are perfect for supporting local farmers, artisans, and vendors while indulging in fresh produce, crafts, and community vibes. Explore popular markets like the Champlain Islands Farmers Market, Burlington Farmers Market, and Northwest Farmers Market.

Find a Local Farmer's Market

Attend the First Concert at Snow Farm Vineyard

Cap the month off with an unforgettable musical experience at Snow Farm Vineyard's inaugural summer concert on May 30th. Let loose to the tunes of Sticks and Stones amidst the picturesque backdrop of South Hero, Vermont. Mark your calendars for an evening of wine, music, and merriment.

Learn More

Whether you're lending a hand to green up the environment or indulging in the arts and flavors of the region, May promises a feast for the senses and enriching moments to cherish. Embrace the spring season and make the most of these vibrant offerings in your corner of the Green Mountain State. 

Agent News: Accredited Buyer's Representative Designation Awarded to Paul Habersang

We are proud to announce that one of our agents at Coldwell Banker Islands Realty, Paul Habersang, has recently earned his Accredited Buyer's Representative Designation. Paul's dedication to providing exceptional service to our clients shines through this achievement. Congratulations, Paul, on joining the ranks of top-tier real estate professionals worldwide! 

 Paul is attentive to detail and strives to treat all of his clients with professionalism, responsiveness, and respect. Paul is very familiar with all of Northern Vermont and the real estate markets in Grand Isle, Chittenden and Franklin Counties.

Whether you are buying or selling Paul is a fantastic local resource. Learn more about Paul 

1-5 of 249 Posts
Recommended Searches