Located on a beautiful 1-acre parcel across from Lake Champlain, this contemporary home enjoys stunning western views of Lake Champlain and the Adirondack Mountains
| Single-Family Q1 2023 | |||
|---|---|---|---|
| New Listings | Units Sold | Median Sold Price | Days on Market |
| 97 (-12%) | 73 (-28%) | $319K (+8.14%) | 16 (-11%) |
| Condos Q1 2023 | |||
|---|---|---|---|
| New Listings | Units Sold | Median Sold Price | Days on Market |
| 7 (-36%) | 2 (-82%) | $298K (+8.18%) | 15 (+7.14%) |
The first quarter of 2023 saw a decline of approximately 27% in closed sales for single-family homes in Franklin County, compared to the same period last year. Additionally, new listings for single-family homes in the county dropped by around 12% year-over-year, contributing to the limited inventory and increased competition among buyers. Days on the market for all single-family homes decreased to just 47 days during this period, suggesting that the market is moving quickly and homes are selling at a relatively fast pace.
Despite the challenges faced by the single-family home market in Franklin County, the median sold price for homes increased by around 8% compared to the first quarter of 2022, demonstrating that demand remains strong in this segment of the market.
The condo market in Franklin County was slow, with only two condo sales reported in the first quarter of 2023.
Fairfax, St. Albans Town, and Swanton were the towns in Franklin County with the highest number of sales in the first quarter of 2023, indicating that these areas remain attractive to buyers.
| NEW LISTINGS | VS 2022 | UNITS SOLD | VS 2022 | MEDIAN SOLD PRICE | VS 2022 | MEDIAN DOM | |
|---|---|---|---|---|---|---|---|
| Bakersfield | 3 | 200% | 1 | -80% | $319 K | 52% | 79 |
| Single Family | 3 | 200% | 1 | -80% | $319 K | 52% | 79 |
| Condo | 0 | 0 | $0 | 0 | |||
| Berkshire | 2 | -60% | 3 | -40% | $189 K | -60% | 59 |
| Single Family | 2 | -60% | 3 | -40% | $189 K | -60% | 59 |
| Condo | 0 | 0 | $0 | 0 | |||
| Enosburg | 4 | 33% | 4 | 100% | $106 K | -54% | 148 |
| Single Family | 4 | 33% | 4 | 100% | $106 K | -54% | 148 |
| Condo | 0 | 0 | $0 | 0 | |||
| Fairfax | 14 | -18% | 12 | 33% | $444 K | 48% | 39 |
| Single Family | 13 | -24% | 11 | 22% | $460 K | 53% | 52 |
| Condo | 1 | 1 | $265 K | 26 | |||
| Fairfield | 3 | 50% | 3 | 50% | $250 K | -23% | 11 |
| Single Family | 3 | 50% | 3 | 50% | $250 K | -23% | 11 |
| Condo | 0 | 0 | $0 | 0 | |||
| Fletcher | 1 | -50% | 1 | 0.00% | $625 K | 18% | 6 |
| Single Family | 1 | -50% | 1 | 0.00% | $625 K | 18% | 6 |
| Condo | 0 | 0 | $0 | 0 | |||
| Franklin | 5 | -29% | 3 | -25% | $516 K | 133% | 11 |
| Single Family | 5 | -29% | 3 | -25% | $516 K | 133% | 11 |
| Condo | 0 | 0 | $0 | 0 | |||
| Georgia | 2 | -50% | 7 | -30% | $505 K | 32% | 10 |
| Single Family | 2 | -50% | 7 | -30% | $505 K | 32% | 10 |
| Condo | 0 | 0 | $0 | 0 | |||
| Highgate | 11 | 22% | 3 | 50% | $320 K | -12% | 4 |
| Single Family | 11 | 22% | 3 | 50% | $320 K | -12% | 4 |
| Condo | 0 | 0 | $0 | 0 | |||
| Richford | 7 | 17% | 7 | 133% | $164 K | -32% | 90 |
| Single Family | 7 | 17% | 7 | 133% | $164 K | -32% | 90 |
| Condo | 0 | 0 | $0 | 0 | |||
| Sheldon | 5 | 150% | 4 | 300% | $305 K | 0.99% | 3 |
| Single Family | 3 | 50% | 4 | 300% | $305 K | 0.99% | 3 |
| Condo | 2 | 0 | $0 | 0 | |||
| St. Albans City | 9 | -47% | 8 | -62% | $314 K | 14% | 6 |
| Single Family | 8 | -47% | 8 | -58% | $314 K | 13% | 6 |
| Condo | 1 | -50% | 0 | $0 | 0 | ||
| Swanton | 16 | -36% | 10 | -50% | $308 K | -17% | 7 |
| Single Family | 13 | -19% | 9 | -18% | $286 K | -32% | 8 |
| Condo | 3 | -67% | 1 | -89% | $330 K | 6.45% | 5 |
| Swanton | 19 | 27% | 9 | -55% | $266 K | -5.52% | 44 |
| Single Family | 19 | 27% | 9 | -55% | $266 K | -5.52% | 44 |
| Condo | 0 | 0 | $0 | 0 | |||
| Total | 104 | -14% | 75 | -33% | $319 K | 8.15% | 16 |
| Single Family | 97 | -12% | 73 | -28% | $319 K | 8.14% | 16 |
| Condo | 7 | -36% | 2 | -82% | $298 K | 8.18% | 15 |