The Northwestern Vermont Board of Realtors has released the February 2020 real estate market update for Chittenden, Franklin, and Grand Isle Counties. 

As February comes to an end we continue to monitor the impact of COVID-19 on the real estate market. It is hard to predict/tell at this time the true impact it will have on our world. With the stock market decline bringing low interest rates it brought good news to buyers and homeowners interested in refinancing. 

Overall buyer demand continues to be strong with Pending Sales increasing by 30.7% and Closed Sales increased 3.4% for Single Family homes and 63% for Townhouse/condos. Homes for sale have decreased 26.6%. 

The recently released January Showing Time Showing Index® saw a 20.2% year-over-year increase in showing traffic nationwide. With showings comes home sales. It will be important for us to monitor the effects COVID-19 will have on the overall economy. If you have any questions or concerns about the real estate market at this time please contact us.

We are pleased to announce that Alex LaVigne has joined Coldwell Banker Islands Realty as a sales associate and licensed Realtor. Learn more about Alex below or visit his website. 

"Alex LaVigne has spent his entire life living in beautiful Vermont. His familiarity with the area
and many local connections help him provide his clients with extensive information and superior
customer service. Being from Vermont, Alex’s love for the area and all it has to offer is apparent.
Currently, Alex lives in Colchester, with his wife, two sons, and 100 pound fur-baby. He enjoys
boating, snowboarding, hiking, and coaching his boys tee ball team.
Real estate has run in his family for many years, from a young age Alex remembers admiring
and helping his grandfather who owned many rental properties. Alex purchased his first rental
property at the age of 21 in Burlington, and since has remodeled houses and more recently
went through the homebuilding process for his family's current home.
Before making real estate his full time career Alex has spent more than the last decade in the
retail industry, while owning and maintaining his rental properties. His background in customer
service paired with ability to see the potential in properties and construction knowledge are real
assets to his clients.
Alex is a real people person and will work to get the best end result for you. Whether buying or
selling, your first home or tenth, Alex will listen to make sure your needs are met and help make
the process as smooth as possible."

The Northwestern Vermont Board of Realtors has released the January 2020 real estate market update for Chittenden, Franklin, and Grand Isle Counties. The year has started off with continued low interest rates, low unemployment, and rising rents nationwide. These factors will encourage buyers. Inventory continues to be low in Northwest Vermont building a sense of urgency for homebuyers. If you’re interested in learning more about the market in your specific area or have any questions please Contact Us.

Thinking of selling and want to know what your home may be worth? Fill out our What’s My Home Worth form and a Realtor will complete an evaluation of your home at no cost or obligation to you.

Things are off to a busy start this year and we are excited to announce that we have outgrown our current office on Ferry Road and will be moving into the state of the art building currently under construction next to Wally’s Place, The Community Health Center, and The South Hero Library. Bauer Gravel Farnham and Hayward Design Build will have a presence in our new office as well and should make for great synergy and a wonderful addition to the new town center in South Hero. Keep an eye on our Facebook page for updates, dates, and photos of the new space. 

In addition to our new office, Coldwell Banker is getting a new look and the timing couldn’t be better. You will start to see our new logo here and there and we will be fully re-branded when we move into the new digs at 38 Community Lane, South Hero.  We couldn't be more excited to have this refreshing new look and to be a part of an energized national brand that is truly driving innovation in our industry. Pairing proprietary tools like AI Apps, Lead Generation, the best Agent Training, a Turnkey Partnership with Amazon, and countless other resources, with our local knowledge creates the perfect combination to service any homeowner or prospective buyer that you refer to us.

The Northwestern Vermont Board of Realtors has released the December 2019 real estate market update for Chittenden, Franklin, and Grand Isle Counties. While buyer demand remains high low inventory is the story across each county making buyers prolong their search. In 2019 homes prices increased in most markets and there were fewer sales. Mortgage rates remain at an all time low improving the affordability for buyers and helps offset rising home prices. If you are interested in learning more about the market in your neighborhood please call our office to speak to a Realtor. (802)372-5777

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Source: Northwestern Vermont Board of Realtors, December 2019 Market Statistics