Chittenden County saw robust increases in home sale prices

Easy one-level living with 3 bedrooms, 2.5 baths, master suite, 1st-floor laundry, finished basement, fenced yard and more! | MLS# 4681438

Single Family    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$315,305 (+8.9%)$349,199 (+6.2%)193 (+8.4%)296 (-12.7%)81 (-9%)

Condo    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$226,000 (-9.4%)$254,126 (-11.6%)101 (0%)159 (+12%)68 (-40.4%)

While Chittenden County as a whole, posted a healthy increase in median and average sale prices, along with the number of units sold for single-family homes, the story varies city by city.  

Burlington, Essex, and South Burlington lead the county with 35% – 59% increases in single family homes sold over a very soft 1st quarter of 2017. Condo sales fared well in Burlington and South Burlington as well. The number of condos available for sale in South Burlington increased by 67% over the same time last year – helped along by new projects such as Hillside at O’Brien Farm and South Village. Williston and Milton homes sales slipped year over year, however, with the 1st quarter being the lowest in sales for the entire year, there is still the opportunity to recover as the traditionally busy spring and summer markets heat up. Well maintained properties in desirable locations, priced up to $400,000 are generating multiple offers due to pent-up Buyer demand and low inventory. Buyers and sellers should consult with their agent as to the best strategy for their unique circumstances in order to achieve their real estate goals in 2018.