| Single Family January-December 2021 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $380,000 +23.8% | $420,918 +0.3% | 167 -5.7% | 179 -15.6% | 67 -47% |
| Condos January-December 2021 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $360,000 | $360,000 | 1 | 1 | 3 |
Surrounded by Lake Champlain, Grand Isle County has long been a destination for Vermonters and tourists alike. As lifestyles changed as a result of the global pandemic, Grand Isle proved desirable for those able to work remotely. With a quick drive to Chittenden County, Franklin County, and Burlington International Airport – the number of homes sold over the past 2 years has increased while the number of homes coming on the market declined nearly 16% – mostly during the second half of 2021. This drove the median price up by 24% to $380,000 – a considerably higher increase than the region. Inventory was absorbed more quickly in 2021, with the average days on market (DOM) dropping to 67 days – or just over 2 months from listing to close. Alburgh led the county with 28% of the closed sales. Affordability in this northernmost town, coupled with the greatest number of new listings on the market likely contributes to these results.
| MEDIAN SALE PRICE | VS 2020 | UNITS SOLD | VS 2020 | NEWLY LISTED | VS 2020 | DAYS ON MARKET | |
|---|---|---|---|---|---|---|---|
| Grand Isle County Single-Family | $380,000 | 23.80% | 167 | -5.70% | 179 | -15.60% | 67 |
| Alburgh | $267,450 | 30.50% | 46 | 7.00% | 55 | 3.80% | 70 |
| Grand Isle | $380,000 | 24.60% | 39 | -4.90% | 41 | -10.90% | 76 |
| Isle La Motte | $260,000 | -29.40% | 15 | -21.10% | 18 | -18.20% | 27 |
| North Hero | $420,000 | 23.00% | 39 | -11.40% | 34 | -38.20% | 85 |
| South Hero | $470,996 | 18.00% | 28 | -6.70% | 31 | -13.90% | 45 |