Addison County Slight Increase in Homes for Sales after Several Years of Declining Inventory

Well maintained 3 bedroom Ranch, in Vergennes, with many exterior upgrades over the years. MLS# 4711457
 Median Sale PriceAverage Sale PriceUnits SoldNewly ListedDays on Market
Single-Family$235,000 (-7.8%)$261,828 (-2.4%)57 (23.9%)91 (5.8%)127 (-31.7%)
Condos$115,000 (-27.8%)$145,000 (-2.4%)3 (-40%)5 (66.7%)67 (9.8%)
Multi-Family$150,000 (-46.4%)$150,000 (-55.9%)1 (-66.7%)3 (-40%)0 (-100%)
Land$103,750 (56.6%)$123,840 (8%)10 (-37.5%)21 (-38.2%)451 (67%)

Inventory of homes has stabilized – even posting a slight increase in early 2019. Single home sales increased while median and average sale prices declined.

Due to the relatively low number of transactions during the 1st quarter, it may be too early to draw conclusions. Addison County continues to draw buyers who may be working in Chittenden County – but see affordability and quality of life in Addison as desirable.

Responding to seller and buyer demand in the county, we are pleased to announce that we are opening a Real Estate Sales Center on Main Street in Vergennes. While we are not new to the area, our Vergennes location expands our presence in Addison County and extends the level of service we are able to give our clients.

New Addison County Office
268 Main Street
Vergennes, VT 05491