Blog :: 04-2020

You Sell, We Donate

Leaving Our Mark In 2020

At the beginning of the year we asked ourselves how Coldwell Banker Islands Realty can leave its mark on the community in 2020 and help those in need. Hunger and malnutrition is an issue in Grand Isle County with 15% of children lacking access to nutritious food. Many families and children rely on school meals to help meet their needs. Some families struggle to pay for schools lunch and are indebted to the school. This is a hardship that no family should bear when it comes to feeding a child. It is important that the school meal program has access to nutritious food and is funded to support the students and families needs. 

Coldwell Banker Islands Realty is proud to be a part of such a close knit community.  To show our support we are donating a portion of our commission to help fight childhood nutrition throughout Grand Isle County Schools. The schools will use this funding to help meet their nutritional needs either by providing fresh, local produce or relieving student lunch debt. We look forward to working with the schools to best meet their individual needs.

If you’re thinking of selling your home this year think of Coldwell Banker Islands Realty and know that we are leaving a positive mark on our community. Call our office for more details. (802)372-5777

House With Sold Sign In The Yard

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

More Information:

Feeding America: Child Food Insecurity In Grand Isle County:

https://map.feedingamerica.org/county/2016/child/vermont/county/grand-isle

Other Programs:

RiseVT - Hunger Free Vermont:

https://risevt.org/2019/02/15/hunger-free-vermont-partnership-grand-isle/

Hunger Free Vermont:

https://www.hungerfreevt.org/

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Realtors Return To Work

Starting Monday, April 20, we are back open and can provide real estate services in a responsible safe manner per Governor Scott's phased return-to-work plan. Read the announcement and guidelines from Vermont Association of Realtors here.

Face-to-face meetings with no more than 2 people present (the client and the real estate professional) are allowed while following the Vermont Department of Health and CDC guidelines such as social distancing, wearing face protection, and proper hygienic standards. Showing property and listing consultations are allowed.

Your safety is our number one priority. Remote work will continue when possible to ensure the health and safety of our community members. It's a new way of doing business but we are happy to get back to work to provide real estate services to those in our community who need them. 

Be safe and healthy so we can protect our loved ones, our neighbors, ourselves, first responder's and health care workers in our community. If you have any questions please Contact Us.

 

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Market Update: March 2020

The Northwestern Vermont Board of Realtors has released the March 2020 real estate market update for Chittenden, Franklin, and Grand Isle Counties. Below is NVBR's market report.

As COVID-19’s impact spread across the country in March, the stock market declines starting in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 3.28 million initial jobless claims filed in a single week—the highest in history more than four times over. 

New Listings decreased 13.2 percent for single-family homes but increased 16.4 percent for townhouse-condo properties. Pending Sales decreased 5.9 percent for detached homes but increased 14.1 percent for attached properties. Inventory decreased 28.0 percent for detached homes and 27.0 percent for attached properties. 

The Median Sales Price was up 1.0 percent to $306,000 for detached homes and 10.9 percent to $266,000 for attached properties. Days on Market decreased 13.5 percent for detached homes and 35.4 percent for attached properties. Months Supply of Inventory decreased 36.6 percent for detached homes and 33.3 percent for attached properties.

While the effect of COVID-19 is varied throughout the country, we are likely to see impacts to housing activity now and into the coming months. We will not know the true impacts of the pandemic on the real estate market without seeing its full projection and how long it will last.  With the current stay home order from Governor Scott, Realtors have not been able to conduct in-person business and have been utilizing technology to conduct virtual appointments. We are adapting our business to continue to serve our community in a safe and responsible manner. If you have questions about the current state of the market please contact us or reach out to your agent directly.

 

Infographic Real Estate Market Update March 2020

Guiding You Virtually

At Coldwell Banker Islands Realty we are committed to finding solutions for our clients. We understand that the need to sell a home cannot wait. Our agents can guide you virtually to prepare you and your home to go on the market. Here’s how we are helping you virtually:

  • Video Consultation: While in-person business is suspended, video calls are a great personal way to get to know you and discuss your goals to prepare for when business can continue as usual.
  • Remote Property Research: With online research tools we are still able to research your property and compare it to similar properties. Through our partnership with town clerks we are able to get essential information about your property.
  • Your Personal Market Monitor: This is not the first time the real estate market has seen a crisis. We are monitoring the market daily and adjusting our strategy so that we can bring you success. 
  • Electronic Docs: We can easily send and sign agreements by email making it possible to continue the selling process without an in-person meeting.

We have seen the real estate market rebound before and it will happen again. People will continue to sell or buy homes during a crisis. To have an informed partner through this time is more important than ever. If you’re thinking of selling your home or would like to learn more about the current market please Contact Us or connect with a Realtor.

Committed To You - Agent talking on the phone

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