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!

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! 

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.

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

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.

Connect with Deborah today!

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.