Five out of six luxury homes sold, so far this year, have been lakefront homes

The ultimate lakefront lifestyle in Colchester. MLS# 4646487
Luxury Homes   
Median Sale Price:Average Sale Price:Units Sold:Days on Market:
$987,500 (+7.1%)$992,167 (+0.2%)6 (-14.3%)293

Buyer interest seems to be heating up in the Luxury market*.

While 6 properties sold this quarter compared to 7 during the 1st quarter of 2017, new properties coming on the market are generating multiple showings. With a small number of sales, the “days on the market” (from list to close) fluctuates wildly year over year. 5 of the 6 properties sold so far this year are lakefront properties from Grand Isle down to Ferrisburgh.

* The Luxury market is defined as properties selling for $850,000 & above.