|Luxury Home Market|
|Median Sale Price:||Average Sale Price:||Units Sold:||Days on Market:|
|$940,000 (-30.2%)||$1,057,178 (-31%)||7 (+40%)||86 *|
Of the 7 properties that sold during the 1st quarter of 2017, 6 were located in Chittenden County and 1 property was in Addison County.
A country home with mountain views, luxury condominiums, a contemporary lakefront dwelling near downtown Burlington and an antique lakefront home in Ferrisburgh are just some of the sales that closed in early 2017.
With more than 90 properties for sale, the Luxury market in Northwest Vermont provides plenty of options for buyers in the $850,000 and higher range. Sellers have grown more flexible in their expectations on prices and negotiations.
* The “Days on the Market” until sale for the 4 properties actively marketed through the multiple listing service may reflect the pent up Buyer demand for well priced, unique properties close to amenities.