|Median Sale Price||Average Sale Price||Units Sold||Newly Listed||Days on Market|
|Single-Family||$255,000 (55%)||$272,443 (12.1%)||21 (31.3%)||34 (3%)||158 (-42.6%)|
|Land||$413,500 (548%)||$413,500 (548.63%)||2 (0%)||7 (75%)||574 (102.1%)|
The 1st quarter shows a healthy increase in the number of homes sold in 2019 versus the same period last year, however this is compared to a sharp decline during the 1st quarter of 2018.
The Average Days of Market (DOM) from listing to closing has dropped to 158 days – or just over 5 months. While this is the longest days on market out of the 4 counties in the report, desirable and well-priced homes are selling in considerably less time than average.
Historically, the strength of the market in Grand Isle County is during the spring and summer months. A preponderance of second homes has a clear impact on the sales cycles. Activity in the next 2 – 3 months will dictate what the 2019 market has in store for the county.