Vermont Luxury Home Market Results

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Luxury Homes January-December 2020 
Median Sale Price:Units Sold:Newly ListedDays on Market:
$1,141,000 +17.9%
108 +63.6%159 +44.6%124 +0.8%

In spite of a slow start, in part due to COVID-19, the luxury market ended the year in record fashion. While out of state travel restrictions stifled the traditional spring market, by mid year buyer demand began to rise. 

Luxury Homes Sold 2018-20Property videos, professional photography, and options like FaceTime offered creative solutions for “COVID -19 refugees” to consider a purchase without always visiting the homes in person. The term “second primary residence” was coined as buyers and vacation homeowners moved to their Vermont properties for extended periods.

Across the state, Vermont Realtors sold over 300 homes worth over $1 million or more, nearly three time the prior year. Northwest Vermont recorded 108 sales at prices over $850,000, a 40%+ increase. The luxury market, unlike mid price ranges had available inventory that, in some cases, had sat on the market for some time.

The stunning rebound in sales during the second half of 2020 is largely driven by out of state, cash buyers or Vermonters who desire high-end amenities, views, and location while living & working remotely. In the COVID-19 era, “want and need” have become more significant variables affecting the decision-making process to buy in the luxury market.

Luxury Market Share

AddressTownCountySale PriceDate Sold
3735 Harbor RoadShelburneChittenden$4,950,000 1/17/2020
209 Hills Point RoadCharlotteChittenden$1,165,000 1/20/2020
587 Ridgefield RoadShelburneChittenden$875,000 1/21/2020
269 Thorpe Cove RoadCharlotteChittenden$1,550,000 1/31/2020
193 Poor Farm RoadColchesterChittenden$885,000 2/28/2020
1816 Morgan Horse Farm RoadWeybridgeAddison$1,070,000 3/2/2020
208 Meadowood DriveSouth BurlingtonChittenden$887,500 3/27/2020
347 Popple Dungeon RoadCharlotteChittenden$1,239,000 4/1/2020
837 Bay RoadShelburneChittenden$1,150,000 6/8/2020
119 Holmes RoadSouth BurlingtonChittenden$1,020,000 6/9/2020
2687 Greenbush RoadCharlotteChittenden$890,000 6/15/2020
2751 Thompson\'s Point RoadCharlotteChittenden$885,000 6/16/2020
164 Pheasant Hill Ridge RoadShelburneChittenden$2,135,000 6/26/2020
6659 Spear StreetCharlotteChittenden$880,000 6/29/2020
233 Thorpe Cove RoadCharlotteChittenden$1,630,000 6/29/2020
163 Old Stage LaneShelburneChittenden$850,000 7/2/2020
51 Van Sicklen RoadSouth BurlingtonChittenden$1,200,000 7/2/2020
50 Windridge RoadSouth HeroGrand Isle$1,250,000 7/7/2020
64 Waterview RoadColchesterChittenden$1,350,000 7/8/2020
2854 Harbor RoadShelburneChittenden$1,425,000 7/9/2020
51 Bixby Hill RoadEssexChittenden$925,000 7/15/2020
475 Golf Course RoadSouth BurlingtonChittenden$1,370,000 7/27/2020
301 Wolfe RoadAddisonAddison$1,310,000 7/27/2020
3408 Harbor RoadShelburneChittenden$1,145,000 7/29/2020
8 Whately RoadSouth BurlingtonChittenden$860,000 7/31/2020
38 Contentment LaneSouth HeroGrand Isle$1,000,000 7/31/2020
266 South Union StreetBurlingtonChittenden$1,149,000 8/5/2020
177 Maeck Farm RoadShelburneChittenden$882,500 8/6/2020
719 Converse Bay RoadCharlotteChittenden$1,200,000 8/10/2020
33 Colodny WaySouth HeroGrand Isle$2,050,000 8/12/2020
296 South Cove RoadBurlingtonChittenden$925,000 8/13/2020
386 South Forty RoadShelburneChittenden$1,650,000 8/17/2020
263 Quarry RoadShelburneChittenden$1,050,000 8/18/2020
162 Autumn Hill LaneShelburneChittenden$950,000 8/19/2020
222 McNeil Cove RoadCharlotteChittenden$1,265,000 8/19/2020
104 Pine Haven Shores LaneShelburneChittenden$1,295,000 8/21/2020
615 Thayer Beach RoadColchesterChittenden$1,005,000 8/24/2020
219 Appletree Point RoadBurlingtonChittenden$1,200,000 8/25/2020
324 Wings PointCharlotteChittenden$1,950,000 8/31/2020
7133 Spear StreetCharlotteChittenden$1,531,884 8/31/2020
99 Central AvenueSouth BurlingtonChittenden$1,450,000 8/31/2020
293 Ordway Shore RoadShelburneChittenden$1,150,000 9/1/2020
3323 Highbridge RoadGeorgiaFranklin$875,000 9/2/2020
341 West Shore RoadSouth HeroGrand Isle$2,150,000 9/3/2020
211 Mills RoadGeorgiaFranklin$1,025,000 9/4/2020
1275 Spear StreetSouth BurlingtonChittenden$965,000 9/10/2020
14 Turtle Bay LaneSouth HeroGrand Isle$1,250,000 9/14/2020
2296 Greenbush RoadCharlotteChittenden$918,500 9/15/2020
1301 Cider Mill RoadCornwallAddison$995,000 9/16/2020
330 Cold Spring RoadMiltonChittenden$959,900 9/17/2020
465 Autumn Hill LaneShelburneChittenden$1,200,000 9/21/2020
116 Sunset CliffBurlingtonChittenden$1,950,000 9/25/2020
121 West Shore RoadGrand IsleGrand Isle$1,460,000 9/25/2020
27 Lakeview TerraceBurlingtonChittenden$1,375,000 9/30/2020
6110 Mt. Philo RoadCharlotteChittenden$1,995,000 10/1/2020
24 Point Farm West RoadGrand IsleGrand Isle$1,600,000 10/1/2020
52 Sunset CliffBurlingtonChittenden$1,225,000 10/1/2020
191 South Winooski AvenueBurlingtonChittenden$860,000 10/2/2020
2409 Munger StreetNew HavenAddison$1,600,000 10/2/2020
178 Popple Dungeon RoadCharlotteChittenden$1,100,000 10/5/2020
15 Eastman WayBurlingtonChittenden$1,700,000 10/7/2020
51 Pinnacle DriveSouth BurlingtonChittenden$1,137,000 10/8/2020
52 Waterview RoadColchesterChittenden$931,975 10/15/2020
665 Prindle RoadCharlotteChittenden$910,000 10/15/2020
97 Chapin RoadEssexChittenden$1,175,000 10/16/2020
141 Baker PlaceNorth HeroGrand Isle$899,000 10/20/2020
5261 Lake RoadCharlotteChittenden$1,251,000 10/22/2020
6529 Spear StreetShelburneChittenden$990,000 10/23/2020
275 Charles RoadWillistonChittenden$850,000 10/23/2020
8 Stanhope RoadSouth BurlingtonChittenden$854,000 10/28/2020
390 Indian TrailLeicesterAddison$1,050,000 10/28/2020
273 West Shore RoadSouth HeroGrand Isle$995,000 11/2/2020
455 Singing Hills RoadCornwallAddison$1,175,000 11/2/2020
1 Crescent Beach DriveBurlingtonChittenden$1,475,000 11/3/2020
1099 Marble Island RoadColchesterChittenden$1,637,500 11/4/2020
15 Partridge RoadSouth HeroGrand Isle$2,450,000 11/6/2020
310 South StreetSouth HeroGrand Isle$1,275,000 11/6/2020
21 Point Farm WestGrand IsleGrand Isle$1,099,000 11/6/2020
1317 Spear StreetSouth BurlingtonChittenden$1,325,000 11/12/2020
25 Eastman WayBurlingtonChittenden$2,993,000 11/16/2020
346 South StreetSouth HeroGrand Isle$1,145,000 11/17/2020
83 Wind Ridge DriveShelburneChittenden$1,375,875 11/20/2020
246 Crescent RoadBurlingtonChittenden$937,500 11/30/2020
147 West Shore RoadGrand IsleGrand Isle$1,495,000 12/1/2020
74 Overlake ParkBurlingtonChittenden$1,295,000 12/1/2020
200 Lake StreetBurlingtonChittenden$950,000 12/7/2020
446 Terrace DriveWillistonChittenden$879,000 12/8/2020
222 Lost Cove RoadColchesterChittenden$1,025,000 12/9/2020
424 Burgey Farm RoadAddisonAddison$955,000 12/11/2020
82 Sunset Cliff RoadBurlingtonChittenden$940,000 12/11/2020
385 Mile Point RoadFerrisburghAddison$862,500 12/14/2020
10 Ladd PointGrand IsleGrand Isle$1,185,000 12/15/2020
263 Frogs End DriveShelburneChittenden$1,150,000 12/15/2020
186 South Willard StreetBurlingtonChittenden$975,000 12/16/2020
225 Weed RoadHinesburgChittenden$935,000 12/17/2020
1156 Middle RoadColchesterChittenden$1,148,500 12/18/2020
418 James Farm RoadCharlotteChittenden$1,169,000 12/22/2020
1816 Morgan Horse Farm RoadWeybridgeAddison$1,100,000 12/29/2020
60 Featherbed LaneSouth HeroGrand Isle$1,200,000 12/30/2020