Grand Isle County Sees an Increase Sales Over Slow 1st Quarter in 2018

This is an once in a lifetime opportunity to own an incomparable family compound on 1279 feet of lake frontage and 8.65 acres in South Hero. MLS# 4743290
 Median Sale PriceAverage Sale PriceUnits SoldNewly ListedDays on Market
Single-Family$255,000 (55%)$272,443 (12.1%)21 (31.3%)34 (3%)158 (-42.6%)
CondosN/AN/AN/A1 (N/A)N/A
Multi-Family*N/AN/AN/A1 (N/A)N/A
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.