Vermont Land Sales See over 28% Boost Over 2017

Morning views to Mount Mansfield, evening sunsets with a hearty walk to the rear of the lot which is the height of this land. MLS# 4693819
Northwest Vermont    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$82,000 (-7.9%) $134,471 (+35.6%)95 (+28.4%)257 (-21.7%)271 (+11.5%)

Sales of land across northwest Vermont showed robust increases over the same period last year.

Addison County posted a 60% increase in land sales with a total of 32 parcels sold – equal to neighboring Chittenden County. With sellers looking to “right size” their home and take advantage of a “seller’s market” – many are turning to land purchases to build a custom home. Permitting, development and building costs can contribute to higher than average prices for the home when complete – however, the buyers benefit from new, energy efficient and lower maintenance options. Developers looking for land in key locations have also contributed to some on the increases.