Addison County is a bright spot in our 2018 Market Report

Unique property in the Green Mountain National Forest Range boasting privacy and abounding nature. | MLS# 4671361

 

Single Family    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$260,000 (+7.2%)$286,683 (+8.0%)351 (+9.7%)540 (-0.6%)140 (-4.1%)

Condo    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$194,500 (+5.7%)$246,040 (+14.8%)21 (+10.5%)19 (-34.5%)59 (-19.2%)

Addison County is a bright spot in our 2018 Market Report, with healthy increases in median sales prices (up 7%) and average sales prices (up 8%) of single-family homes.

The median and average sales prices of condos are up 6 and 7%, respectively. Inventory is moving quickly, too: Days on the market — from listing to closing — for single-family homes dropped by 4%, and dropped 20% for condos. New listings decreased in both categories.

Middlebury, Addison County’s largest town, saw a 66% rise in single-family home sales over 2016. With a strong increase in buyer demand, and a 7% dip in new listings, the median sale price of a Middlebury home jumped by nearly 13% to $265,000. Monkton and Bristol also had healthy increases in sales and median pricing, as buyers search for a quality of life and reasonable commuting distance to the greater Burlington area.

Land sales were strong in Addison County, too — up 37% from 2016, with 184 new land listings on the market.