Blog :: 05-2021

Vermont Market Update: April 2021

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

April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase.

New Listings increased 102.3 percent for single-family homes and 77.6 percent for townhouse-condo properties. Pending Sales increased 128.7 percent for single-family homes and 81.1 percent for townhouse-condo properties. Inventory decreased 54.9 percent for single-family homes and 49.6 percent for townhouse-condo properties.

The Median Sales Price was up 10.8 percent to $355,000 for single-family homes and 18.4 percent to $279,500 for townhouse-condo properties. Days on Market decreased 19.7 percent for single-family homes and 16.1 percent for townhouse-condo properties. Months Supply of Inventory decreased 62.1 percent for single-family homes and 57.1 percent for townhouse-condo properties.

In the spirit of the great Wayne Gretzky, buyers, sellers, and their agents are all trying their best to skate to where the puck, or rather, the housing market, is going, not where it has been. While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer.

Wondering what the current market is like in your area? Call (802) 372-5777 and get a complimentary market analysis from a local expert. 

Vermont Real Estate Market Infographic April 2021

Source: Northwestern Vermont Board of Realtors

Hidden Home: Secluded Lakefront Home

 
This secluded lakefront property is a great example of Champlain Island homes with the best of both worlds! Pristine Lake Champlain frontage coupled with complete privacy from the partially wooded 1.4 acre lot. The 250ft of west facing, gradual, shale beach is easily accessible and includes breathtaking sunsets over Sister Islands and the Adirondacks. (This home is NOT for sale)

Island Insights: 3 Ways to Boost Your Home's Curb Appeal

Island Insights Newsletter Graphic

First impressions are everything and the exterior of a home can set the tone for a potential buyer. Whether you're thinking of putting your home on the market or trying to spruce up the exterior of your home for the summer, these small changes can have a big impact.

Vermont Colonial Home with Manicured Lawn

1. Maintain Your Landscaping

Make sure to regularly prune any shrubs against and around your home. As they become overgrown they can block your windows. This trick will also help to showcase your windows and allow more natural light to shine through. Another tip is to keep an eye on the landscaping leading up to the house. Dig out or cut back any species that might be overflowing onto your walkway.

Front Door with Wreath Curb Appeal Inspiration

2. Freshen Up Your Front Door

Throw a fresh coat of paint on your front door to drastically improve the appeal of your home from a distance. Maintenance is often required with painted doors, so whether you're touching up an existing color or introducing a vibrant new hue both will achieve a sought after exterior appearance. Also, consider hanging a seasonal wreath or adding a couple of planters onto the front porch or the steps.

Vermont Summer Lake House

3. Hide Unnecessary Clutter

An easy way to spruce up your front yard is to remove items that are not necessarily meant to be on display. Relocate your gadgets and equipment such as any tools, lawnmowers, or toys that may be laying around in plain sight. While tidying up outside, take the time to clean out your gutters. This chore is not only important to clean them for the exterior, but also for your home’s general maintenance.

These 3 tips will help spruce up the exterior of your home for summer or to get it ready to sell! If you would like a professional opinion of ways to improve your home please contact us for a personal home consultation with no cost or obligation.

Recommended Searches