vermont realtor

New Agent Welcome: Paul Habersang

We are pleased to announce that Paul Habersang has joined Coldwell Banker Islands Realty as a licensed sales associate. Learn more about Paul below. 

Paul has enjoyed living in the Green Mountain State since 2011, when he relocated from his native state of Connecticut for a new career opportunity. He is a seasoned professional with many years’ experience in sales, customer service, and relationship development. Throughout his career both in corporate and non-profit settings, Paul has always believed that timely responsiveness to client inquiries and consistent follow through on commitments are two key elements that drive customer satisfaction. In the business of transacting real estate, both timely responsiveness and following through on commitments are key when striving for a successful outcome!

Paul earned a Bachelor of Science degree in Business Management from Quinnipiac University in Hamden, CT. He worked in the electrical industry for nearly twenty years with both General Electric and Square D Companies. During that time, several job transfers around the country required the sale and purchase of a number of homes. As a result, Paul understands and appreciates the purchase and sales process, particularly by recognizing that the sale or purchase of a home is often the biggest transaction of one's life! 

In 2008, Paul earned a Masters of Divinity from the General Theological Seminary, New York City, and has served in several capacities within The Episcopal Church USA. Paul is a believer in giving back to the community and dedicates some of his time to serving on a Professional Advisory Team at the UVM Medical Center in Burlington while also serving on the Board of Trustees for the Brookhaven Treatment and Learning Center, Chelsea, VT. Paul enjoys staying physically active and working outdoors. He is the proud father of two adult sons and currently resides in South Burlington. 

Connect with Paul Habersang today!

New Agent Welcome Graphic Paul Habersang

Vermont Market Update: August 2021

Vermont Real Estate Market Update for August 2021

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for August 2021. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

The booming U.S. housing market has spilled over to the rental market, which has seen demand for apartment and single-family rentals skyrocket this year, as high sales prices and an inadequate supply of available housing have forced many prospective buyers to rent for the foreseeable future. Increased demand for housing, along with an improving economy, has competition for rental units soaring, and landlords are taking note, with the national median rent increasing 11.4% in 2021 so far, according to Apartment List.

New Listings decreased 21.7 percent for single-family homes and 15.2 percent for townhouse-condo properties. Pending Sales decreased 4.5 percent for single-family homes and 16.1 percent for townhouse-condo properties. Inventory decreased 37.3 percent for single-family homes and 36.5 percent for townhouse-condo properties.

The Median Sales Price was up 23.4 percent to $412,000 for single-family homes and 1.6 percent to $249,000 for townhouse-condo properties. Days on Market decreased 57.1 percent for single-family homes and 31.4 percent for townhouse-condo properties. Months Supply of Inventory decreased 42.3 percent for single-family homes and 38.5 percent for townhouse-condo properties.

In new construction, home builders continue to struggle to meet buyer demand, as housing starts nationwide dropped 7% last month, according to the Commerce Department. Single-family home construction declined 4.5%, and multi-family home construction, which includes condos and apartment buildings, was also down, falling by 13%. Labor shortages, rising material costs, and supply-chain setbacks continue to challenge builders, with some projects temporarily paused due to availability and cost of materials.

If you have questions about the real estate market please contact us at (802) 372-5777.

Vermont Market Update: September 2021

Vermont Real Estate Market Update September 2021

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for September 2021. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9% compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search.

New Listings decreased 10.4 percent for single-family homes and 10.4 percent for townhouse-condo properties. Pending Sales increased 0.4 percent for single-family homes but decreased 11.3 percent for townhouse-condo properties. Inventory decreased 40.5 percent for single-family homes and 47.7 percent for townhouse-condo properties.

The Median Sales Price was up 15.7 percent to $395,000 for single-family homes and 0.5 percent to $284,050 for townhouse-condo properties. Days on Market decreased 35.6 percent for single-family homes and 33.3 percent for townhouse-condo properties. Months Supply of Inventory decreased 41.7 percent for single-family homes and 46.2 percent for townhouse-condo properties.

There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over-year gains, would be music to the ears of homebuyers throughout the country.

If you have questions about the real estate market please contact us at (802) 372-5777 or request a complimentary market analysis today.

Vermont Market Update: October 2021

Vermont Real Estate Market Report October 2021 Graphic

The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts. Single-family rent prices are increasing rapidly, as demand for single-family housing and inventory constraints forces some buyers to rent, increasing competition and pushing rents up across the nation. Meanwhile, sales of new construction single-family homes recently hit a six-month high, rising 14% to a seasonally adjusted rate of 800,000, according to the latest data from the U.S. Department of Housing and Urban Development.

New Listings decreased 20.6 percent for single-family homes and 19.0 percent for townhouse-condo properties. Pending Sales decreased 1.9 percent for single-family homes and 17.5 percent for townhouse-condo properties. Inventory decreased 43.3 percent for single-family homes and 43.2 percent for townhouse-condo properties.

The Median Sales Price was up 16.5 percent to $396,000 for single-family homes and 2.7 percent to $285,000 for townhouse-condo properties. Days on Market decreased 25.0 percent for single-family homes and 31.4 percent for townhouse-condo properties. Months Supply of Inventory decreased 43.5 percent for single-family homes and 36.4 percent for townhouse-condo properties.

As temperatures drop, existing home sales continue to be plentiful, buoyed by strong demand, low interest rates, and a slight uptick in new listings in recent months, according to the National Association of REALTORS®. With interest rates inching upward, and experts expecting further rate increases on the horizon, motivated buyers are hoping to lock in their home purchases to take advantage of what are still historically low rates.

Wondering what your home is worth in your current market? Get a free market analysis today! 

New Agent Welcome: Susan Kaminski

We are pleased to announce that Susan Kaminski has joined Coldwell Banker Islands Realty as a licensed sales associate. Learn more about Susan below. 

Susan has been a licensed real estate agent in Vermont since 2012. Having moved eight times with her family (across three states: IL, IN, VT), she understands the emotions and stresses of buying and selling a home. Her most recent move - which involved downsizing and a complete home renovation - was to Vermont’s Lake Champlain Islands. Her personal experience combined with knowledge of Lake Champlain, Grand Isle and Chittenden Counties will make your next home sale or purchase a successful venture.

She strives to provide clients with exceptional customer service and skillful guidance through the entire real estate transaction – working closely with mortgage brokers, inspectors, appraisers and attorneys. The Vermont home market is very competitive and requires an agent with knowledge of the area, expertise to formulate a competitive offer, proficiency in pricing properties correctly and the ability to navigate contingencies to make your real estate goals a reality.

Susan describes living on Lake Champlain as unequivocal beauty and tranquility; an oasis of nature! When not selling real estate she enjoys boating, traveling (especially to nearby Montreal), relaxing on her back porch, taking in the lake views and reading a good book. Give Susan a call – she would love to help you reach your real estate goals today! 

Connect with Susan today!

Vermont Realtor Susan Kaminski New Agent Welcome Graphic

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