Blog :: 12-2020

Vermont Market Update: November 2020

See the latest Northwestern Vermont real estate market report presented by NVBR below.

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for November 2020. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for the month.

New Listings decreased 2.2 percent for single-family homes and 38.6 percent for townhouse-condo properties. Pending Sales increased 21.5 percent for single-family homes but decreased 9.6 percent for townhouse-condo properties. Inventory decreased 52.2 percent for single-family homes and 55.6 percent for townhouse-condo properties.

The Median Sales Price was up 17.2 percent to $358,500 for single-family homes and 7.0 percent to $259,000 for townhouse-condo properties. Days on Market decreased 30.2 percent for single-family homes and 48.1 percent for
townhouse-condo properties. Months Supply of Inventory decreased 55.6 percent for single-family homes and 56.5 percent for townhouse-condo properties.

Showing activity remains higher than the same period a year ago across most of the country, suggesting that strong buyer demand is likely to continue into what is typically the slowest time of year. With inventory remaining constrained in most market segments, sellers continue to benefit from the tight market conditions.

Vermont Real Estate Market Report November 2020

 5  Organizations to Donate to in Grand Isle County

 Toys for Kids of Vermont

 

1. Toys for Kids

Toys for Kids is a volunteer program sponsored by Vermont Marine Corps League. They collect toys for kids in need and have numerous drop off locations right in Grand Isle County. Some of these locations include Keeler Bay Variety, Emmons Supermarket, Hero’s Welcome, Harborside Market, and the Isle La Motte Town Office. You can also donate through a virtual toy barrel and order items to be shipped to JeriHill Hardware. 

Donate here

Image source: Toys for Kids

 

No photo description available.

 

2.  Voices Against Violence - Laurie’s House

Voices Against Violence serves Franklin and Grand Isle County and as many of us know domestic violence is on the rise due to the pandemic. This organization would greatly appreciate any help to continue their work educating and providing safe housing for members of our community. 

Donate here

Image source: Voices Against Violence

 

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3. South Hero Land Trust

Join South Hero Land Trust in their Grow for a Neighbor campaign! You can volunteer as a gardener or donate to buy seedlings. The produce yielded will be donated to a local food shelf and the seedlings are bought from local farms and will be used for the volunteer gardeners and to create potted plant packets for families at risk. 

Donate here.

Image source: South Hero Land Trust

4. C.I.D.E.R.

Currently CIDER’s Neighborhood Meals program is delivering an average of 650 meals a month to around 45-50 recipients. While they are supported by some funding such as the United Way of Northwest Vermont and Granny Attic, the balance of funding to carry out Neighborhood Meals comes from CIDER’s fundraising efforts. With that said, they would greatly appreciate any help this holiday season!

Donate here

Image Source: Annie Gardiner 

5. Donate to a Local Food Pantry 

Food pantries accept dry and canned food donations, so nonperishable items that might be in your pantry. They often are looking for goods such as peanut butter, canned soup, whole grain pasta, and canned beans to list a few. Grand Isle County has a number of food pantries; such as the Saint Joseph’s Church in Grand Isle and the United Methodist Church of North Hero.

For more information call them today at 802-372-4092 or (802) 372-6638.

Image Source: United Methodist Church

 

Have any other donation recommendations? Comment below!

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