|Median Sale Price:||Average Sale Price:||Units Sold:||Newly Listed:||Days on Market:|
|$88,000 (0%)||$150,130 (+36.7%)||203 (+7.4%)||463 (-19.3%)||289 (+1.4%)|
Land sales across northwest Vermont showed a healthy increase over 2017. With inventory of homes for sale declining year over year coupled with a strong seller’s market – many buyers are turning to land purchases to build a custom home.
With an increase in sales and a decline in new land listings to the market, parcels that have been for sale for an extended period of time are being absorbed. Developers are looking for land in key locations to satisfy the demand from potential homeowners looking to down size or right size their lifestyle.
Still, land owners can plan on nearly a year, on average, for a property to sell.