coldwell banker

Island Insights: CBIR Year in Review

Island Insights Guides Champlain Islands' landscape lake champlain sandbar

Happy New Year to our readers! As we begin a new year we are reflecting on 2020 and even though it was a difficult year with many changes we reached many milestones and are grateful to have had another successful year. 

After 26 years we moved into a new office, we rebranded, we launched a social mission to give back to our community, and we welcomed three new people to the CBIR team. The real estate market has kept us on our toes with shutdowns, stay at home orders, and embracing technology to offer virtual services. Despite these changes we have adapted and have continued to provide real estate services safely. 

We could not have reached these accomplishments without the support of our team, clients and community. We are grateful for all of your support. We look forward to the new year!

Get Island Insights in your inbox! Subscribe today.

 

Island Insights: 2020 Market Highlights in Grand Isle County

Frozen lake graphic

Grand Isle 2020 Market Update

This past year was unprecedented in many ways, at the start of the pandemic it was hard to say what the impact would be on the housing market. However, despite the many challenges, 2020 turned out to be one of the hottest markets we have ever seen with homes selling faster than ever. 

One of the factors that led to this ‘pop’ in the market was that the coronavirus had homebuyers reassessing their criteria for a home. Folks spent more time at home which led to clients searching for more square footage, home offices, as well as larger outdoor space. Due to many working remotely, new areas of the state were considered. This along with the inability to travel, resulted in an increase in the second home market or second homeowners became full time residents. 

The Lake Champlain area was an ideal place for many in-state and out-of-state buyers and people selling their home took advantage of the sellers market. These factors combined with the record low mortgage rates made buyers eager to find their dream home. However, the lack of inventory made for a very competitive market. 

Ultimately, both buyers and sellers overcame, making 2020 one for the books. In Grand Isle County, 181 homes were sold. That is an increase of 19.1% from 2019 with more luxury and lakefront homes selling than usual. 14 homes sold for over $1 million in Grand Isle County--more homes than the last 4 years combined!

In Grand Isle County new listings were down 5.2% to 219 compared to 231 in 2019. Due to low inventory, competition among buyers was high and many listings were seeing multiple offers and selling above asking price. As a result, the days on market till sale has decreased 14.6% and the median sales price has increased 13.2%. As we kick off the new year, the real estate market is holding strong and buyers are still actively searching in our area. Inventory is at an all time low with just 32* homes for sale in Grand Isle County giving sellers the upper hand. Home prices are on the rise and buyers are in high demand, if you're thinking of selling now is the time!

*As of February 1, 2021

]

Hidden Home:

Nestled among the cedars, maples, and pines this adorable abode offers privacy and seclusion. This lakefront retreat is sited on an amazing 2.3 acre peninsula with 670 ft of direct shoreline down a ½ mile private drive! Enjoy this exclusive look inside this covert home located in Isle La Motte. (Note: This home is NOT for sale) 

Don't miss our next issue, get Island Insights in your inbox! Subscribe today.

Island Insights: Keeping up with Coldwell Banker Islands Realty

November 2021 Issue of Island Insights, Your Guides To The Lake Champlain Islands

The fall has proven to be a busy time at Coldwell Banker Islands Realty! We celebrated an anniversary, welcomed some new faces, and attended the CB annual conference. In October, we celebrated our 25th anniversary with Coldwell Banker!

25 Years with Coldwell Banker

We feel fortunate to be able to serve the real estate needs of Northwestern Vermont and owe a big thank you to all of our clients who made this possible. We appreciate the recognition and are proud to be a part of the Coldwell Banker family. Being a part of Coldwell Banker has elevated our business and allowed us to grow through brand recognition, new tools, tech and learning opportunities to provide the best possible service to our community.

Owners Evan Potvin and Franz Rosenberger Celebrate 25 Years with Coldwell Banker Coldwell Banker Islands Realty Celebrates 25 Years With Coldwell Banker

The Coldwell Banker Gen Blue Experience

The Coldwell Banker 2021 conference, Gen Blue Experience, took place at Radio City Music Hall in early October. Joy Gess represented CBIR in New York City while the rest of the office enjoyed many impactful learning sessions, workshops, and inspirational speakers virtually from our office together at 38 Community Lane! Gen Blue is just one example of some of the serious advantages from affiliating with one of the industry’s largest names. 

Vermont Realtor Joy Gess at Coldwell Banker Gen Blue Conference Coldwell Banker Islands Realty Agents Participating in Virtual Conference

New Agent Welcome

Over the past couple of months we welcomed some new faces to the company. Please join us in welcoming licensed sales associates Paul Habersang, Susan Kaminski, Deborah Unica, and Sam Rossetti-Thiels as well as a training & education coordinator Sue Arguin to Coldwell Banker Islands Realty! 

New Vermont Real Estate Agents at Coldwell Banker Islands Realty

Champlain Islands CROP Hunger Walk

The CBIR team took steps to help families who are struggling with hunger. This was the 8th Champlain Islands CROP Hunger Walk. All of the contributions went to help to provide more meals for the growing number of people in our community who need them, as well as greater food security in communities around the world. In total, $3,534 dollars were raised and it was a great event that we look forward to participating in again next October!

CROP Hunger Walk in South Hero, Vermont  Coldwell Banker Islands Realty at the CROP Hunger Walk in South Hero, Vermont

Don't miss our next issue, get Island Insights in your inbox! Subscribe today.

Coldwell Banker 2021 Award Recipients

Please join us in congratulating Coldwell Banker Award Winners, Franz Rosenberger, Evan Potvin, and Joy Gess! These agents are ranked among the top sales professionals in the Coldwell Banker global network. Their exceptional performance exemplifies the best and brightest in real estate. Well deserved and a big congratulations to al. Learn more about their individual awards below. 

Franz Rosenberger International President's Elite Award

Franz Rosenberger received the International President's Elite award. This award is given to agents who rank among the top 3% of individuals in the Coldwell Banker network worldwide. Franz continues to go above and beyond in his business and we are fortunate to have his leadership. Congrats on this outstanding achievement!

Evan Potvin International President's Circle Award

Evan Potvin for received the International President’s Circle award. This award is given to agents who rank among the top 7% of individuals in the Coldwell Banker network worldwide. He continues to innovate his business and be an invaluable resource to his clients. We wish you continued success in 2022. 

Joy Gess International Sterling Society Award

Joy Gess who has received the International Sterling Society award! This award is given to agents who rank among the top 18% of individuals in the Coldwell Banker network worldwide. We look forward to another year working along side you and watching you go above and beyond. 

Whether you are buying or selling Lake Champlain real estate, our distinguished experts at Coldwell Banker Islands Realty can help you achieve your goals. Get in touch with one of our agents here

 

 

 

 

Comments

  1. No comments. Be the first to comment.

Recommended Searches