Warm Weather Should Bode Well for Grand Isle Sales this Summer

Delightful home in the heart of Grand Isle, featuring a large fenced yard, hardwood floors, sunny windows and enclosed back porch. MLS# 4705537

Single Family    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$201,700 (-3.7%)$308,180 (+19.2%)54 (-3.6%)134 (-25.1%)241 (+41.8%)

Condo
* No Sales reported in the Multiple Listing Service (MLS)

Single Family homes sold in Grand Isle County show a slight decline (-4%) over the 1st six months of 2017 – however, this decline only translates to 2 home sales.

In our 2017 mid-year report, the number of closed sales had increased 24%; we can look at the change this year as an adjustment versus a decline in buyer interest. In all of the towns, except North Hero, there were healthy gains in the closed, median sale price. South Hero claims the highest median sale price in the county at $581,250. Two luxury, lakefront property sales in the town contributed to this jump – the highest median price in many years. Alburg and Grand Isle posted double-digit increases in closed sales over 2017 – despite a continued decline in properties available for purchase.

The warm summer should bode well for buyer interest across the county – as vacationers and potential second homeowners experience all that the small county of Grand Isle has to offer.