Blog :: 12-2011

Vermont Real Estate Market Primed For Turnaround

Vermont Real Estate

Vermont Real Estate November 2011 Market Statistics Released

According to the Northwestern Board of Realtors, there are some interesting market statistics which imply that the market is slowly starting to turn around. Currently the inventory level is down to levels not seen since 2007. If that is the case, that may start stabilizing the prices in our area. With price stabilization comes confidence, and with confidence comes a healthier market. We are encouraged to see that year-to-date closed sales are up compared to last year at this time.

Vermont real estate Inventory levels dropping.

The information is derived from data contained in the Northern New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.New listings increased 10.2 percent in the three counties, while inventory declined 13.8 percent and has returned to 2007 levels. Pending sales and closed sales were also down in the month-to-month comparison, but continue to be up year over year to date, 2.8 and 3.4 percent respectively. Inventory declines were significant and could hint at a changing market in early 2012, said Kathleen Sweeten, executive vice president of the Northwestern Vermont Board of REALTORS. Interest rates hovering at historical lows and a declining inventory are indicators of a healthy market to come, barring any unanticipated shocks.

Chittenden County Real Estate Prices down 6.9%

While home prices are the most popular barometer of the real estate market, many factors play into the month-to-month data. These include purchase demand, market times, absorption rates, and the mix of homes in the market at any given time.
  • The median home price in Chittenden County was $242,000 in November, down 6.9 percent over last year.
  • In Franklin County, the median home price was down 10.8 percent to $182,900.
  • Grand Isle County showed the largest increase in median sales price of $254,000, jumping 31.1 percent over last year at this time.
The Northwestern Vermont Board of REALTORS (NVBR) is the Voice for Real Estate, in northwestern Vermont representing over 600 members involved in all aspects of the residential and commercial real estate industries. Start your MLS listing search and sign up forlisting updates! Source: North Western Vermont Board of Realtors

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    Vermont Camps For Sale

    Lake Front Camps: A True Treasure.

    We have many things in Vermont that are true treasures and one of those things are those small intimate camps on the lake. A camp on the lake is a wonderful experience. To wake up near the water and experience the best of what Mother Nature offers is incredible. Each day is a new experience. There is something spiritual about being on the water and these humble, yet incredibly loved homes, are a great place to experience Vermont in the Summer. Spring will be here before we realize it and now is a great time to start browsing listings of Vermont camps for sale! Subscribe to our monthly e-Newsletter!

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      CENTURY 21 Advantage Announces Top Sales Performers in November

      South Burlington, VT Brian French and Kelly Farr sales associates with CENTURY 21 Advantage were named the offices top producers for the month of November. CENTURY 21 Advantage would like congratulate Brian and Kelly for their hard work and dedication for helping the home buyers and sellers of the Greater Burlington and Chittenden County area. They really understand that for many people, buying or selling a home is the most significant purchase of a lifetime, and Brian and Kellys real estate knowledge and professionalism help make each transaction go as smooth as possible.
      Brian Kelly  
      Read testimonials or browse their listing for Brian Frenchand Kelly Farr.

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        Vermont is ranked number one Healthiest State in the Country

        United Health Foundation has Vermont number one for the third year in a row

        Vermont is again ranked the Healthiest State in the Country. It doesn't surprise me that Vermont, once again, captures attention for its healthy environment. As a native Vermonter, I can attest to all the positive healthy attributes one might find living in Vermont. We are an active bunch and hold high standards forourselves and our children sometimes more thanother areas. Read this article and you will find out how we won such wonderful recognition for the third year in a row. Read the article, but don't eat the chips. Read more about the findings of how Vermontranked number one according to theUnited Health Foundation.

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