Welcome, future homeowners and sellers! Today, we're diving into the bustling real estate scene of Northwest Vermont. Whether you're considering buying or selling, understanding the latest trends and statistics is crucial. Let's break down the key points from January 2024 to help you make informed decisions. These statistics are for single-family home sales in Grand Isle, Franklin, and Chittenden County. 

Median Sales Price:

• In January 2024, the median sales price for single-family homes in Northwest Vermont stood at $460,000. This figure marks a 5.7% increase from the previous month and a substantial 7% rise from January 2023. For buyers, this signals a growing market where property values are appreciating, potentially leading to higher investment returns in the long run. Sellers can rejoice at the prospect of fetching better prices for their homes, reflecting a healthy and competitive real estate landscape.

Closed Sales:

• Despite a 13.5% decrease from the previous month, January 2024 saw a 23.9% increase in closed sales compared to the same period last year. This suggests a robust demand for homes in Northwest Vermont. Buyers should be prepared to act swiftly when they find a property that meets their needs, as competition remains stiff. Sellers can leverage this demand to their advantage, but pricing their homes competitively and ensuring they stand out in a crowded market will be key to attracting buyers.

Median Days On Market (DOM):

• The median DOM rose significantly to 25 days, marking an 85.2% increase from the previous month and doubling from January 2023. This shift indicates a slight cooling in the market compared to the rapid pace seen in previous months. Buyers may find more breathing room to conduct thorough inspections and negotiations, while sellers should be mindful of pricing strategies to avoid prolonged listing periods.

List Price Received:

• Sellers received approximately 99.7% of their list price in January 2024, reflecting a slight dip from the previous month and a marginal decrease from the same period last year. While this may signal a slight softening in negotiations, it still indicates a seller-friendly market where buyers are willing to meet asking prices. Buyers should be prepared to negotiate effectively, while sellers should aim for realistic pricing to attract motivated buyers.

Active Inventory:

• The active inventory in Northwest Vermont decreased by 19.2% from the previous month but increased by 4.3% compared to January 2023. This suggests a tightening of available housing stock in our area, potentially leading to increased competition among buyers. Buyers should act decisively and consider broadening their search criteria to find suitable options. Sellers, on the other hand, may benefit from listing their properties in a market with limited inventory, potentially leading to quicker sales and favorable terms.

Months Supply of Inventory (MSI):

• The MSI decreased to 1.3 months, marking a 6.6% decrease from the previous month and a 15.8% decrease from January 2023. A lower MSI indicates a seller's market, where demand outpaces supply. For buyers, this means facing heightened competition and possibly needing to make stronger offers to secure a desired property. Sellers can capitalize on the low MSI by strategically pricing their homes and leveraging the scarcity of available inventory to their advantage.

Northwest Vermont Market Review By County:

Chittenden County:

• Active Inventory = 80
• Median Sales Price = $523,500
• Median Days On Market = 12
• Closed Sales = 78
• List Price Received = 100.6%

Franklin County:

• Active Inventory = 49
• Median Sales Price = $327,500
• Median Days On Market = 34
• Closed Sales = 24
• List Price Received = 97.6%

Grand Isle County:

• Active Inventory = 22
• Median Sales Price = $420,000
• Median Days On Market = 44
• Closed Sales = 7
• List Price Received = 97.4%

In conclusion, the Northwest Vermont real estate market continues to exhibit strength and resilience, with both buyers and sellers finding opportunities in the current landscape. Whether you're looking to buy or sell, staying informed about market trends and statistics is key to making sound decisions.

Ready to explore your options further? Contact us today for a personalized market analysis tailored to your area of interest. Let's navigate the Vermont real estate market together! Contact us now for a complimentary market analysis of your area!

A warm welcome to our February newsletter! As we enter into the thick of winter, we're here to share local events, hot market stats, a hidden lakefront home tour, and some featured properties! 

Lake Champlain Winter Event Guide

Don't miss out on February fun in the Lake Champlain area! From live music nights to winter carnivals there is something for everyone to enjoy. 
Read Winter Guide 

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Hidden Home

February’s Hidden Home is nestled on Lake Champlain's Inland Sea. This one-level residence features 200 feet of gradual lake frontage.

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Featured Listings

Lot 5 Four Winds Ln, North Hero, VT
Price: $150,000

67 & 74 E Shore S, Grand Isle, VT
Price: $635k - Price reduced!

Visit our website to view these listings and see more available office listings.

Read More

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Discover the diverse array of events taking place in the Lake Champlain area this February. Winter in the Champlain Valley region of Vermont offers a unique blend of outdoor adventures, local events, and lots of warm community spirit. Embrace winter in Vermont with this curated guide to the exciting happenings in and around Lake Champlain. From live music nights to winter carnivals, there's something for everyone to enjoy.

Great Ice! - North Hero, VT

February 16th, 17th & 18th 

The return of Great Ice will take place on February 16th, 17th &18th. All activities will be located in North Hero’s City Bay. There is a fantastic lineup of events happening throughout the weekend for all to enjoy. The festival includes fireworks, a Christmas tree bonfire, local vendors, and much more! The Champlain Islands Business Expo will be held at the North Hero Community Hall on Saturday, Feb. 17, from 10:30 am. to 3 pm. Coldwell Banker Islands Realty will be there; make sure to stop by and say hello! Please note some activities are weather-dependent, follow their Facebook Page for updates.

More Event Information

Winter Carnival at Kraemer & Kin - Alburgh, VT

February 24th & 25th

Mark your calendars for Kraemer & Kin’s Winter Carnival in Alburgh, Vermont. The event will run the weekend of February 24th and 25th. Get ready for a weekend full of sledding, swearing, skating, and cross-country skiing. It’s a celebration of winter for the whole family!

More Event Information

Penguin Plunge - Burlington, VT

February 10th

The Special Olympics Vermont Penguin Plunge is a unique winter fundraiser where participants take icy dips into Lake Champlain to support the year-round mission of fostering inclusion for individuals with intellectual disabilities through sports. This event contributes nearly 40% to Special Olympics Vermont's operating budget. This event is open to the public and all are welcome to spectate and support their friends who take the plunge! There will be music, food, and games at this great event located at the Burlington Waterfront Park Boat Launch.  

More Event Information

Theme Nights at The North Hero House - North Hero, VT

Month of February

The North Hero House Inn and Restaurant will continue to host its theme nights throughout February. Some engaging events to look forward to include trivia, karaoke, and even a cake-decorating class. They will also have recurring dining deals–you won’t want to miss wing Wednesday or burger night deals! 

See Calendar 

Pond Hockey Classic - Colchester, VT

February 9th - 11th

The Lake Champlain Pond Hockey Classic takes place on February 9th through the 11th for its 12th tournament! Participants eagerly lace up their skates for three days of outdoor ice hockey, fostering a sense of camaraderie and celebration. With over 150 teams engaging in 350+ games across 14 rinks, this event brings hockey back to basics, creating enduring memories on the frozen landscape. Free to all this is a great event. 

More Event Information 

Live Music at Two Heroes Brewery - South Hero, VT

Month of February

Warm up with winter nights with live music at Two Heroes on Wednesdays, Fridays, and occasionally Saturdays. Experience the vibrant local music scene while sipping on your favorite local brews and bites. Visiting this new South Hero brewhouse is the perfect way to unwind on a cool winter evening. Follow their Facebook Page for updates. 

Wine Down at Snow Farm Vineyard - South Hero, VT

Month of February

The Snow Farm winery located in South Hero, Vermont will be hosting a couple of events in February. They will be hosting a Pebble Art Workshop on February 11, 2024, from 2:00 PM to 4:00 PM. Also, on February 17, 2024, at 9:30 AM experience a heart chakra meditation led by Katie Cullen, along with journaling, oracle cards, and energy clearing.

More Event Information

Ice Golf Charity Scramble - Colchester, VT

February 17th

Step onto the icy links of Lake Champlain for a unique golfing experience like no other. This great fundraiser every swing supports a great cause, as all proceeds from this event go to Vermont's Camp Ta-Kum-Ta. Vermont Ice Golf hosts this fundraiser on a 9-hole golf course on frozen Lake Champlain in Colchester, Vermont. Gather your team of four for a thrilling round in a scramble format, starting at the picturesque Bayside Beach. 

More Event Information

From the snowy winter festivals to lively music nights and creative workshops, there's no shortage of ways to make the most of the winter in Northwest Vermont. Explore, experience, and create lasting memories in the heart of Lake Champlain this February! Looking for more winter activities to explore in Vermont? Read our Winter Activity Guide to the Lake Champlain Islands. 

Embrace winter in Vermont with a trip to some of its top-notch ski resorts, all just a stone's throw away from Burlington, Vermont. Whether you're a seasoned pro seeking challenging terrains or a first-timer eager to learn, the Green Mountains have something for everyone. 

Cochran's Ski Area, Richmond, Vermont

Cochran's Ski Area stands out as a non-profit organization and a small family-friendly mountain. Renowned for its affordability and commitment to ski racing programs, this hidden gem promises an intimate and welcoming atmosphere for skiers and riders of all levels. It is located just a mere 25 minutes from the bustling city of Burlington, Vermont 

Bolton Valley Resort, Bolton Valley, Vermont

Bolton Valley Resort beckons with its diverse terrain, offering a mix of challenges for all skill levels. Approximately 30 minutes from Burlington, this smaller mountain is very well known for its unique night skiing and delicious waffles from the waffle cabin. 

Smugglers' Notch Resort, Jeffersonville, Vermont 

Venture about 50 minutes from Burlington, and you'll find yourself immersed in the family-friendly embrace of Smugglers' Notch Resort. You’ll find diverse terrain and extensive amenities. This resort caters to novice and expert skiers with three big mountains, Morris, Sterling, and Madonna. 

Stowe Mountain Resort, Stowe, Vermont

Approximately 50 minutes to an hour from Burlington, Stowe Mountain Resort beckons with its iconic mountain views and well-groomed trails. The charming resort town offers amazing après-ski options throughout the village and up and along Mountain Road. Making it a fun destination to experience all that winter in Vermont has to offer. 

Sugarbush Resort, Warren, Vermont

Situated around an hour from Burlington, Sugarbush Resort is a winter haven with two mountains—Lincoln Peak and Mt. Ellen. Its diverse terrain and plethora of winter activities ensure there's never a dull moment on the slopes. It is a perfect destination for those seeking a variety of experiences with Vermont's picturesque landscapes.

Before planning your ski adventure, check the latest information on trail conditions, available amenities, and distances. Road conditions and travel times may vary, especially with unpredictable winter weather. 

Looking for more winter activities to explore in Vermont? Read our Winter Activity Guide to the Lake Champlain Islands. 

Welcome to our latest exploration of the ever-evolving real estate landscape in Northwest Vermont. As we head into the new year, let's take a closer look at some key statistics from December 2023 that shed light on the current state of the real estate market. Whether you're a potential buyer or seller, understanding these numbers can be instrumental in making informed decisions. Metrics are for Single Family Home Sales In Northwest Vermont (Chittenden, Franklin, and Grand Isle County). 

1. Median Sales Price: The Heartbeat of the Market

The Median Sales Price is a crucial indicator, reflecting the midpoint of home prices in the region. At $437,661, it's essential to note the 7.9% decrease from the previous month and the 10.2% increase from December 2022. For buyers, this signals where prices might be heading, while sellers can leverage the market's growth to maximize their returns. Keeping an eye on this figure helps both parties align their expectations and strategies.

2. Closed Sales: Unveiling Market Activity

Closed Sales, standing at 123, provide insight into the level of activity in the Northwest Vermont real estate market. While there's a 4.7% decrease from the previous month, the 7% increase from December 2022 suggests a healthy overall trend. 

3. Median Days On Market: Timing is Key

Time is of the essence in real estate, and the Median Days On Market (DOM) is a metric worth watching. With a 20% increase from the previous month and a 31.4% decrease from December 2022, the current DOM stands at 12 days. For sellers, a shorter DOM indicates a faster turnaround, while buyers should be prepared for potentially swift transactions. Understanding this metric helps both parties set realistic expectations and refine their negotiation strategies.

4. List Price Received: Maximizing Returns

At 100.4%, the List Price Received represents the percentage of the list price that sellers receive when their homes are sold. While there's a marginal 0.7% decrease from the previous month, the 0.3% increase from December 2022 underscores the resilience of property values. Sellers should be mindful of pricing strategies, while buyers can gauge the market's competitiveness.

5. Active Inventory: Supply and Demand Dynamics

Active Inventory, currently at 176, has seen an 18.9% decrease from the previous month and a 1.7% increase from December 2022. This figure emphasizes the delicate balance between supply and demand. A lower inventory can lead to increased competition among buyers, potentially driving prices up. For sellers, this scarcity can be advantageous because there are fewer options for home buyers. On the reverse, buyers may need to act decisively in a competitive market.

6. Months Supply of Inventory: Market Stability

The Months Supply Of Inventory, at 1.4, is a key metric indicating the number of months it would take to sell the current inventory based on the recent sales pace. With a 14.9% decrease from the previous month and a 4.9% decrease from December 2022, this figure signals a tight market. Sellers benefit from reduced competition, while buyers should be prepared for a faster-paced and potentially competitive environment.

Northwest Vermont Market Review By County:

Chittenden County:

• Active Inventory = 88
• Median Sales Price = $562,500
• Median Days On Market = 13
• Closed Sales = 79
• List Price Received = 100.6%

Franklin County:

• Active Inventory = 67
• Median Sales Price = $319,950
• Median Days On Market = 9
• Closed Sales = 38
• List Price Received = 100.0%

Grand Isle County:

• Active Inventory = 21
• Median Sales Price = $465,000
• Median Days On Market = 33
• Closed Sales = 6
• List Price Received = 99.7%

In conclusion, understanding these key statistics and partnering with a local real estate agent empowers both buyers and sellers to navigate the Vermont real estate market with confidence. Whether you're entering the market or considering a move, these insights provide a valuable compass for decision-making.

If you're curious about the market trends, we invite you to take the next step. Get a personalized market analysis for your area of interest – a tailored guide to help you make the best decisions in this dynamic real estate landscape.

Don't miss out on the opportunities waiting for you! Contact us today for a detailed market analysis and let's embark on this exciting journey together. Get Your Personalized Market Analysis.