Land sales declined during the start of 2020

Rare 8.5 acre building site with mountain and Lake views. Great Vergennes area location + permitted for 4 bedroom septic! | MLS# 4758005

After posting increased sales for the past few years, land sales declined during the start of 2020. There are plenty of options for purchasers looking to build their dream home. Although there is a longer turn around time and typically higher costs associated with building a home, buyers with time and resources may find this a viable option. 

 MEDIAN SALE PRICEVS 2019UNITS SOLDVS 2019NEWLY LISTEDVS 2019DAYS ON MARKET
All Counties Land
January-June
$110,000 12.80%62-24.40%248-6.40%303
Chittenden County$200,000 65.00%21-4470.00%66-1750.00%279
Addison County$84,500 20.70%210.00%632120.00%326
Franklin County$48,000 -39.40%157.10%74-24.50%303
Grand Isle County$130,000 95.50%5-44.40%4528.60%305
 MEDIAN SALE PRICEVS 2019UNITS SOLDVS 2019NEWLY LISTEDVS 2019DAYS ON MARKET
All Counties Land
April-June
$110,000 12.80%62-24.40%248-6.40%303
Chittenden County$193,100 57.60%10-60.00%38-17.40%397
Addison County$120,000 84.60%110.00%336.50%307
Franklin County$48,000 -39.40%157.10%74-24.50%303
Grand Isle County$130,000 95.50%5-44.40%4528.60%305