Grand Isle County

Come home to country living & lake views in South Hero. MLS#4451102
South Hero home, come home to country living & lake views. MLS#4451102
County Averages   
Median Sale Price:Units Sold:Newly Listed:Days on Market:
$200,00 (-14.5%)126 (+18.9%)304 (+5.9%)171

2015 Grand Island Housing Market ChartWith gas prices declining dramatically last year, more buyers looked to Grand Isle for residential properties. Despite the higher number of property sales, our agents have noted a lack of strong inventory in the higher price ranges, as well as fewer luxury buyers in the market

Because of those trends, property sales last year were focused on mid-priced homes. The median sale price slipped 14.5 percent to $200,000, reflecting that trend. The number of residential sales, however, rose 18.9 percent during the year.

Mid-Priced Housing

The market is increasingly focused on mid-priced single-family homes. South Hero and parts of Grand Isle town have been attractive to buyers who work in Chittenden County, given the short commute time and proximity to I-89.

Four Luxury Sales

While Grand Isle is known for its high-end waterfront property, the county only recorded four sales above $800,000 last year. By comparison, Addison County recorded eight, and neighboring Chittenden County recorded 22 sales.

A Small Market

As Grand Isle is the smallest real estate market by volume in Northwest Vermont; a few sales can have a big
impact on median sale prices or volume.

Twelve land sales were recorded in 2015, slightly down from 17 in 2014. The median sale price declined 58% to $54,375.

2015 Grand Isle County Real Estate Market Snapshot