|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.