The Northwest Vermont Realtor Association (NVRA) and U.S. Committee for Refugees and Immigrants Vermont (USCRI) are coming together to help new Vermonters feel at home. USCRI Vermont does remarkable work supporting refugees and immigrants by providing them with initial housing and essential resources as they build their lives in Vermont. To make this possible, they are always in need of furniture, cleaning supplies, and personal hygiene items.

Item Drive Details: From October 17 through December 5, we’re gathering donations to support this vital work! Here’s how you can help:

• New or Gently Used Items: Furniture, beds, household/kitchen items, and clothing.

• New Items Only: Personal hygiene supplies, toiletries, diapers, and household cleaning supplies.

Your contributions will go a long way in making new Vermonters feel welcome, comfortable, and supported.

Where to Drop Off:

• Coldwell Banker Islands Realty: 38 Community Lane, South Hero, VT 05486. Open 9 am-5 pm, 802-372-5777

• Large Furniture: NVRA Office, 202 Commerce St, STE 200, Williston, VT 05495. (Please call 802-862-6407 to arrange your drop-off)

• All Drop-off Locations 

USCRI Vermont has been welcoming newcomers to Vermont since 1980. Their dedicated team of staff, volunteers, and community partners supports these refugees and immigrants with access to affordable housing, medical and mental health support, education, employment, community connections, and more. Refugees resettled in Vermont come primarily from Bhutan, the Democratic Republic of Congo, Eritrea, Iraq, Russia, Somalia, Syria, and Ukraine. Learn more about USCRI.

Let’s work together to make Vermont a welcoming place for everyone! Learn more about USCRI and the incredible work they do to build brighter futures.

 

As we transition into the fall season, the real estate market in Northwest Vermont is showing signs of change. Whether you’re considering buying or selling, understanding these current trends will help you make informed decisions. Let's dive into the latest data for single-family home sales in Northwest Vermont and discuss how it impacts buyers and sellers.

Data is for single-family home sales in Grand Isle, Chittenden, and Franklin County. 

Median Sales Price

The median sales price for single-family homes in Northwest Vermont dropped by 3.7% from August to $498,500 in September. However, it’s still up by 3.9% compared to September 2023, reflecting a gradual upward trend in prices over the past year. 

For someone selling their home, this slight month-over-month dip suggests that pricing homes competitively is crucial to attracting potential homebuyers in a shifting market. The increase from last year shows home values are still strong, but today’s buyers may expect more negotiation on price.

The recent decrease in the median sales price may present an opportunity for homebuyers to find a good deal on a home. However, with prices up from last year, this is still a valuable market, so they should act decisively when the right property arises.

Closed Sales

Closed sales dropped to 142, a significant 23.7% decrease from August and a 16% decrease from September of last year. This decline in closed sales indicates a slower pace in transactions, which could mean it might take a little longer for home sellers to find a buyer. Being flexible on price and terms might be necessary as the market adjusts to lower transaction volumes. 

Fewer closed sales may give current buyers more room to negotiate and avoid bidding wars. This shift could help them approach the market with a bit more confidence, knowing that the pace is slowing down.

Median Days on Market

The median days on market remains steady at 10 days, slightly down from the previous month and last September. This is a positive signal to home sellers showing that well-priced homes are still moving quickly. A home seller needs to present their home in the best possible light to stay competitive in a slightly cooler market.

While homes are selling in about 10 days on average, having a bit more time on the market means homebuyers might not feel as much pressure to make an immediate decision. However, attractive homes in sought-after areas can still sell fast, so they should be prepared to act when the right property comes on the market.

List Price Received

Home sellers are receiving 100% of their list price on average, down from August’s 101% but still indicating that properties are generally selling at the asking price. For home sellers, receiving the full list price is a good indicator of a balanced market, though the slight decline suggests some room for negotiation. Setting a fair, market-aligned price will keep today’s buyers engaged without the need for excessive price reductions.

For homebuyers, this signals that while competitive, the market is starting to offer more flexibility. They may have the opportunity to negotiate but should still expect to pay close to the list price on most homes.

New Listings

The number of new listings in September is down by 11% from August, with 187 homes hitting the market. However, this is a 15.4% increase from September 2023, indicating a slight uptick in year-over-year supply. This increase in year-over-year listings means there’s more competition. For home sellers, standing out with staging and competitive pricing is key to attracting interest. More new listings compared to last year provide homebuyers with more choices, which can help them find the right property at the right price. This slight increase in supply may reduce the intensity of competition.

Active Inventory

With active inventory rising to 355 homes, up 4.4% from last month and a substantial 43.1% increase from last year, homebuyers now have a broader selection of homes.

For home sellers, this expanded inventory means buyers have more options, so expect to compete for attention. Well-presented homes that are priced competitively will likely draw more interest.

The increase in active inventory is a favorable trend for homebuyers. With more options available, they have the chance to find a home that meets their needs and fits within their budget.

Months Supply of Inventory

The months supply of inventory has risen to 2.5 months, up 36.8% from August and a substantial 70.4% increase compared to last September. While still below six months is generally considered balanced, this increase shows a trend toward a more balanced market. This higher inventory means that while it’s still a seller’s market, the advantage is shifting. Home sellers should be prepared for longer selling times and potentially more negotiations on price. A higher months supply indicates homebuyers have more choice and leverage than in a tighter market. This gradual shift can reduce the pressure of intense competition and give them more time to explore options.

Why a Local Market Analysis is Key

Each county and town in Northwest Vermont may have unique trends and variables that don’t show in broader market data. A personalized market analysis can offer valuable insights into what’s happening in your specific area, whether you’re looking to buy or sell. This tailored information will provide you with pricing trends, competition levels, and what to expect when entering the market.

Work with a Local Real Estate Expert

The Vermont real estate market is unique, and having a local real estate expert by your side can make a world of difference. An experienced agent can guide you through the buying or selling process, provide insight into local trends, and help you make informed decisions in evolving markets.

Get Started Today

Are you ready to learn more about the real estate opportunities in Northwest Vermont? Contact us for a customized market analysis and discover how we can help you achieve your real estate goals. Partnering with a local Realtor can provide the guidance and support you need to succeed in Vermont’s unique real estate landscape.

 

With Autumn’s arrival, now’s the perfect time to get your home ready for winter. Completing a few key tasks can save you from expensive repairs and ensure your home stays cozy and efficient through the colder months. Use this checklist to winterize your home and protect your investment:

1. Seal Cracks Around Windows and Doors
Prevent drafts and save on heating by sealing any gaps around windows and doors. Use caulking or weatherstripping to keep the cold air out and the warmth in, improving your home’s energy efficiency and comfort.

2. Clean Your Gutters
Falling leaves can clog your gutters, leading to water damage, pests, and a shortened roof lifespan. Clean them out to prevent these issues and ensure water flows away from your home properly.

3. Inspect Your Roof
Check for missing shingles, cracks, or other damage before snow arrives. Addressing minor roof issues now can prevent major problems later, such as leaks or structural damage when winter weather hits.

4. Trim Trees and Bushes
Overgrown branches near your home can become hazards in winter storms. Trim back trees and bushes to prevent limbs from falling on your roof or causing other damage during heavy snowfall or strong winds.

5. Test Smoke and Carbon Monoxide Detectors
Cold weather often means more time spent indoors, with heaters and fireplaces in use. Ensure your smoke and carbon monoxide detectors are working by testing them and replacing batteries as needed for safety.

6. Service Your Chimney and Fireplace
Before lighting the first fire of the season, have your chimney and fireplace inspected and cleaned. This reduces the risk of fire hazards and ensures your fireplace is ready for cozy winter nights.

7. Remove Window Screens and Install Storm Windows
Take down window screens to protect them from winter weather. Consider installing storm windows or doors to provide extra insulation and keep your home warmer during cold months.

8. Winterize Power Equipment
Store away summer tools like lawnmowers and bring out snow removal equipment. Test your snowblower and other winter gear to ensure everything is in working order before the first snowfall.

9. Cover Outdoor Furniture
Protect outdoor furniture from the harsh winter elements by covering or storing it away. This helps extend the life of your patio furniture, grills, and outdoor accessories.

10. Shut Off Outdoor Faucets and Drain Hoses
Avoid frozen pipes by shutting off outdoor faucets and draining hoses or sprinkler systems. Water left inside can freeze, expand, and cause costly damage, so be sure to winterize these systems properly.

For more expert home maintenance tips or personalized advice on getting your home market-ready this fall, reach out to a Coldwell Banker Islands Realty agent today. Let us help you keep your home in top shape—whether you’re staying for the season or preparing to sell!
 

As fall rolls in, resisting the urge to over decorate can be difficult. Between pumpkin-scented everything and cozy blankets, it’s easy to get carried away. But if you're preparing your home for sale or simply want to create a clean, refined look, it’s essential to strike a balance between seasonal charm and timeless style. Here are five fall decor trends to avoid when staging and elevating your home this season:

1. Too Many Seasonal Colors
While oranges, reds, and browns are the hallmark colors of fall, oversaturating your home with these tones can make your space feel dated and overwhelming. Instead, opt for a neutral palette with subtle accents. Incorporate earth tones like creams, taupes, or light grays, and add just a hint of fall flair with muted versions of traditional autumn hues.

2. Overly Themed Decorations
Though scarecrows, cornucopias, and pumpkins can make your home feel festive, they might also come across as kitschy or cluttered when trying to sell or elevate your space. Limit the amount of themed decor to one or two carefully placed pieces, like a classy wreath or a tasteful gourd display, rather than covering every surface with fall-themed items.

3. Artificial Scents
Cinnamon, pumpkin spice, and other fall fragrances might seem like a cozy idea, but overpowering scents can be a turnoff, especially for potential buyers who may have fragrance allergies or sensitivities. Keep things fresh and clean instead. A mild scent from fresh flowers or a light essential oil diffuser can create a welcoming atmosphere without overwhelming the senses.

4. Heavy, Dark Fabrics
While fall is known for cozy textures, think twice before draping your home in heavy, dark fabrics like bulky blankets or thick curtains. These can make a room feel small and closed in, especially during the daytime. Instead, opt for lightweight throws in soft textures and rich, jewel-toned pillows that add warmth without weighing the space down.

5. Overdone Outdoor Displays
While decorating your porch or yard can help create a welcoming entry, going overboard with hay bales, plastic pumpkins, and an excess of string lights can detract from the elegance of your home’s exterior. Stick to simple, sophisticated decor, such as a well-designed door wreath, a couple of tasteful lanterns, or some real pumpkins in neutral tones like white or green for a more refined look.

By avoiding these common decor pitfalls, you’ll create a fall-inspired space that feels warm and welcoming without sacrificing style or sophistication. Whether you’re staging your home for sale or just looking to refresh your decor for the season, keeping it simple and balanced is always the key to success!