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.

 

Happy New Year! Coldwell Banker Islands Realty had another exciting year in Vermont real estate. It was a year of guiding people home, growing and strengthening our team of Realtors, and improving our services and knowledge to serve our clients better. Look back at our year and watch our 2023 video recap.

 

 

We could not have reached these accomplishments without the support of our clients and community. We are grateful and look forward to another year of guiding people home!

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Featured Listings:

206 Lighthouse Point, Isle La Motte, VT

List Price: $695,000

Lot 4 Passage View Lane, Grand Isle, VT

List Price: $275,000

Subscribe to Island Insights, Coldwell Banker Islands Realty's monthly email newsletter, to see more hidden homes and learn about the Vermont real estate market.

January’s Hidden Home is nestled on Lake Champlain's Inland Sea in Swanton, Vermont. This pristine mid-century ranch has been cherished for two generations and is now on the market. The property boasts 75 ft of direct Lake Champlain frontage, offering privacy amid mature trees and hedges. The well-maintained interior features an inviting kitchen, a living/dining area with a wood-burning fireplace, and a lakeside deck for captivating sunsets. Take a look inside this covert home. This home is currently for sale.