Median Sale Prices Rise in Addison County

This 1820 Farmhouse is a magical mix of old and new in Bristol! MLS# 4699019

Single Family    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$255,000 (+15.9%)$268,211 (+5.86)46 (-13.2%)83 (-25.9%)186 (+33.8%)

Condo    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$159,240 (-16.6%) $193,177 (-26.4%)7 (-36.4%)12 (+71.4%)63 (-38.8%)

The growth in the median and average sold price continues in Addison County.

The number of homes sold during the 2nd quarter increased over the same period in 2017 – although year to date the sales are flat. The 23% decline on new listings has surely contributed to the lack of growth in home sales – as well as the price increases. Buyers are attracted to the quaint, Vermont feel and vibrant downtowns with restaurants, galleries and events in communities like Vergennes and Bristol. Middlebury, the largest town in Addison County – also posted the most closed sales as well as an 11% increase in median price – to $292,000.

Retirees and second homeowners alike are drawn to opportunities available in this college town. Elsewhere in the county, smaller rural communities posted healthy price increases – although these results are affected by the small number of transactions.