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Vermont Market Update: December 2021

Northwest Vermont Real Estate Market Report December 2021

The 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021 according to the National Association of REALTORS®. Sales prices reached new heights, inventory hit rock bottom, and homes sold in record time, often for well above asking price. Mortgage rates, which began the year at historic lows, remain attractive, and homeowners who choose to sell in the coming months can expect to see plenty of buyer activity due to pent-up demand during the pandemic.

New Listings decreased 2.2 percent for single-family homes and 10.5 percent for townhouse-condo properties. Pending Sales remained flat for single-family properties but increased 9.8 percent for townhouse-condo properties. Inventory decreased 46.2 percent for single-family homes and 54.2 percent for townhouse-condo properties. The Median Sales Price was up 14.3 percent to $400,000 for single-family homes and 29.9 percent to $315,000 for townhouse-condo properties. Days on Market remained flat for single-family homes but increased 2.8 percent for townhouse-condo properties. Months Supply of Inventory decreased 47.1 percent for single-family homes and 55.6 percent for townhouse-condo properties.

Looking ahead, experts anticipate many of the housing market trends of 2021 will continue in 2022, albeit at a more moderate level. Strong buyer demand and inventory shortages are likely to persist over the next year. Home sales are projected to remain strong but will be tempered by the limited supply of homes, higher sales prices, and rising interest rates, with the Federal Reserve planning multiple rate hikes in the new year. Price growth is expected to slow somewhat as a result, but affordability will likely remain a top constraint for some homebuyers.

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

We're Growing!

New Vermont Realtors and Staff at Coldwell Banker Islands Realty

Left to right: Sue Arguin, Deborah Unica, Susan Kaminski, Paul Habersang, Sam Rossetti-Theils

In 2021 Coldwell Banker Islands Realty welcomed several new faces to the company. Sue Arguin has joined our staff as the Agent Development Coordinator. Licensed Realtors Paul Habersang, Susan Kaminski, Deborah Unica, and Sam Rossetti-Thiels have also joined the team.

As the company expands, it was necessary to bring on someone dedicated to providing training, one-on-one support, learning sessions and more for our Realtors. We were fortunate to find Sue Arguin to fit that role as Agent Development Coordinator. Providing agents full time support will help them grow their business and provide their clients with the best experience possible. Sue's real estate experience and personable approach will be sure to strengthen the culture at Coldwell Banker Islands Realty.

Susan Arguin has been a licensed Realtor with CBIR for the past year and a half and has recently changed roles to Agent Development Coordinator. Sue is looking forward to putting her 30 years of experience in real estate to use in the Islands. She moved to South Hero in 2016 and worked at Community Bank NA for 4 years but is ready to jump back into the real estate world. 

Paul Habersang became a licensed Realtor and joined CBIR in early 2021. He has lived in Vermont since 2011 and is a seasoned professional with many years’ experience in sales, customer service, and relationship development. Paul has always believed that timely responsiveness and consistent follow through on commitments are two key elements that drive customer satisfaction and he will continue to practice this while transacting real estate.

Susan Kaminski has been a licensed Realtor in Vermont since 2012 and recently joined CBIR. Having moved eight times with her family, she understands the emotions and stresses of buying and selling a home. She strives to provide clients with exceptional customer service and skillful guidance through the entire real estate transaction.

Deborah Unica recently became a licensed Realtor with CBIR. Deborah has been a resident of the Islands for 22 years. Her daughter grew up attending the Champlain Islands Parent Child Center and Folsom school. Deborah spent many years helping Vermont families plan for college and more recently served as director in a medical setting. She is looking forward to using her experience in planning, marketing, relationship building, and negotiation to assist buyers and sellers through the real estate transaction process.

Sam Rossetti-Thiels is a newly licensed Realtor. Sam has worked in a large retail box store for the past 10 years and worked her way up to management, giving her many useful skills she will carry with her in her real estate career. Sam recently purchased a home herself and was fascinated by the process. She understands what it’s like to be a homebuyer and will give her clients the guidance and confidence needed to navigate this large investment purchase.

Each person we bring on at CBIR has unique qualities that add to our culture and we look forward to helping our team grow with us professionally and personally. If you're thinking about a career in real estate or making a change please call the office (802) 372-5777 or email your resume. 

 

New Agent Welcome: Sam Rossetti-Thiels

We are pleased to announce that Sam Rossetti-Thiels has joined Coldwell Banker Islands Realty as a licensed sales associate. Learn more about Sam below. 

Sam is a born and raised Vermonter who has been working at a large box retailer for the past 10 years. She worked her way up the ranks to management and gained many useful skills that will carry with her in her new career as a real estate agent.

Sam's positive attitude, excellent customer service and organizational skills have made her successful in her career thus far, however she was looking for a change. Due to her love of HGTV home remodeling shows and enjoyment from working with people, Sam decided that a career in real estate would be the perfect next step in her journey.

Sam recently went through the home buying process herself and was fascinated by the moving parts involved and all the work that goes into a real estate transaction. She understands how being on the other side feels and can give you the guidance and confidence needed to navigate this large investment purchase.

When Sam isn't selling real estate, you will catch her walking and exploring trails, enjoying the lake and hosting girls night for her closest friends. She loves spending time outdoors but she can't wait to come home to her cats and snuggle on the couch. Sam also enjoys doing renovations to her own home and creating equity through finishing touches and design.

Connect with Sam 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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