What a Year - Strong Seller's Market - Thank You!
2017 was a tremendous year for Vermont Condos! Locally, Year to Date over 2016, the average sale price was up 3.3%, new listings were down 3.1%, and average days on market was down an astonishing 35.5%! In Chittenden County in November, there was a miniscule 2.8 months of available inventory supply. (a 6 month supply is considered healthy, 6 mo.+ is a buyer's market and less than 6 mo. a seller's market). All of these statistics (courtesy of NVBR) indicate a very Strong Seller's market for Vermont Condos. Mortgage Rates remain competitive and demand appears to be strong. If you are considering taking advantage of this market and selling your condo in 2018, we'd be happy to provide you with a free valuation and seller consultation.Click here for more details.
Thank you to all of our clients, past and present, for making 2017 such a great year. We helped scores of Vermont Condo Buyers and Vermont Condo Sellers this year and look forward to making 2018 a big success. Our Team wishes you and all your loved ones a Happy and prosperous New Year!
Winter Wonderland at The Intervale
With winter here in full force, I find that if I don't get outside often enough, I'm apt to go a little stir crazy. One great way I've found to beat cabin fever is to strap on some Cross Country Skis and head to Burlington's Intervale. Here, inside of VT's biggest City you'll find 5mi. of trails where you can cruise along the banks of Winooski River or race across snow covered farmland. Head to the Ethan Allen Homestead to see how Vermont's Founding Father lived for more information check out the Intervale's website. The Intervale is close to a number of Vermont Condos, including Riverwatch Condos, The Cascades Condos, The Millyard Condos and many more!
What I'm Reading - Buyers Act Fast: Existing Homes Are Selling Quickly
This Realtor.com article provides a national statistical analysis showing the surge in sales among existing housing inventory. This trend is pronounced here in Vermont where development can take longer than other markets to be realized.
"It's only really cold out if you're not on your way somewhere warm"