Land Sales in Northwest Vermont Remain Strong

Nice, open level lot with Adirondack Mountain views in a great location close to South Burlington/Shelburne town line. MLS# 4714389
 Median Sale PriceAverage Sale PriceUnits SoldNewly ListedDays on Market
Northwest Vermont $82,000 (-0.9%) $134,209 (35.5%)151 (14.4%)384 (-20.8%)248 (-15.7%)
Chittenden County $135,000 (0%) $228,623 (74.8%)47 (6.8%)117 (-6.4%)234 (3.1%)
Addison County $65,625 (-12.5%) $94,643 (5%)50 (13.6%)111 (-30.6%)261 (-17.1%)
Franklin County$53,500 (-0.9%) $69,224 (16.1%)34 (21.4%)106 (-8.6%)207 (6.2%)
Grand Isle County$76,250 (1.7%) $121,725 (15.4%)20 (25%)50 (-40.5%)315 (-46.7%)

Lands sales across northwest Vermont remain robust with a 14% increase year over year.

Addison county posted the greatest number of sales – 50 in total; while Grand Isle County had a 25% increase.

Despite the increased demand and decline in newly listed parcels available for sale, inventory remains strong. Buyers can choose from large or small parcels; with views or rural; at a variety of price points. The median sale price has remained stable throughout 2018 at $82,000.

Permitting, development, and building costs can contribute to higher than average prices for homes when complete – however, homeowners benefit from new, energy efficient and lower maintenance options.