Blog :: 03-2020

Market Update: February 2020

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.

February 2020 Real Estate Market Update Info Graphic

 

New Agent Welcome: Alex LaVigne

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."

CBIR welcomes new agent Alex LaVigne

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