Vermont Luxury Real Estate Market Report

	Median Price	VS 2024	Units Sold	VS 2024	New Listings	VS 2024	Average DOM
All Five Counties	$1,512,500	-8.3%	42	50.0%	23	-0.5	83
Chittenden County	$1,512,500	-8.3%	28	64.7%	18	-0.3333	67
Addison County	$3,200,000	77.8%	1	-66.7%		0	533
Franklin County	$1,359,000	–	1	0.0%	1	0	1
Grand Isle County	$1,399,900	–	3	0.0%	2	-0.5	8
Washington County	$1,550,000	-1.5%	9	12.5%	2	-0.7778	115
Lamoille County	$1,700,000	6.3%	126	13.5%			109

Nationally, luxury home prices remain strong. Median sold prices for single-family luxury homes increased 1.8% year-over-year, while attached properties (such as high-end condos and townhomes) saw 8.4% year-over-year growth, and an impressive 16.5% jump over 2023. This is largely driven by continued demand in major urban markets like New York City and Los Angeles, where trophy properties remain coveted.

Luxury inventory has climbed to a two-year high, with single-family listings up 40% since last year. This increase in supply reflects growing seller confidence and improved market conditions. Yet, despite more listings, high-quality properties continue to sell at strong prices—proof that buyers remain active, and values are holding firm.

A shift in buyer behavior is also shaping today’s market. A “tale of two luxury buyers” is emerging:

• The no-compromise buyer, willing to pay a premium for turnkey, best-in-class properties.
• The value-oriented buyer, more focused on long-term investment potential, location trade-offs, or renovation opportunities.

Luxury real estate is increasingly viewed as a cornerstone of wealth protection. According to Luxury Property Specialists surveyed, 68% of clients are maintaining or increasing their real estate investments, and even more are making all-cash purchases—highlighting the role of real estate as a hedge against market volatility.

Looking ahead, practicality is expected to outweigh lifestyle-driven splurges. Economic uncertainty is prompting buyers to refocus on tax strategies, liquidity, and long-term value. Also contributing to future growth is the 47% jump in U.S. home prices over the past five years, which has created trillions in equity—ushering in a new generation of move-up buyers entering the luxury tier. Millennials and Gen Z are making a stronger impact, seeking modern features like sustainability, turnkey convenience, and smart home technology.

Vermont’s luxury market…is reflecting many of the national trends, but with a distinctly regional character. While prices have corrected slightly, buyer activity was strong during the first half of the year, revealing underlying demand and greater market depth.

As of mid-2025, the median luxury home price across northwest and central Vermont is $1,512,500, a decrease of 8% year-over-year. The average sale price also fell 28.7%, likely due to a broader mix of properties entering the market, and more negotiated deals. However, this price shift did not deter buyers—luxury home sales are up 50%, with 42 units sold so far in 2025, the highest on record for the region.

In northwest Vermont, Chittenden County remains a luxury leader, accounting for 28 of the 42 sales. Lamoille County saw remarkable activity as well, with 126 transactions, reflecting the appeal of resort and second-home destinations like Stowe. Addison County posted the highest median sale price at $3.2 million, although this was based on very limited volume.

The days on market for luxury homes jumped to 83 days, up significantly from last year, signaling a shift in pace. Buyers are taking more time to evaluate options, and sellers must now emphasize presentation, pricing, and condition more than ever. Inventory is somewhat limited in certain counties, with new luxury listings down overall by 50%, making well-positioned homes even more attractive.

Proven Strength: Our market share reflects consistent performance across the luxury market, reinforcing the confidence high-end buyers and sellers have in our company and brand.

Footnotes:

1. PrimeMLS, PrimeMLS.com
2. Coldwell Banker Global Luxury 2025 Mid-Year Report
3. UBS Global Wealth Report 2025: Wealth growth accelerated in 2024

Vermont’s luxury property market* remained solid in 2024, driven by the desire for high-end homes that offer privacy, natural beauty, and exclusive amenities. The median sale price for luxury properties in northwest Vermont (Chittenden, Addison, Franklin, and Grand Isle Counties) reached $1,650,000, a 2.2% increase from the previous year, while the average sale price surged by 20.6% to $2,204,868 as a result of 2 sales above $10,000,000 in Chittenden County.

Single-Family January-December 2024
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,650,000 2.2%	$2,204,868 20.6%	57 0.0%	96 -5.9%	29 -21.6%

Despite limited inventory, with new listings dropping by 6 %, luxury homes sold quickly, averaging just 29 days on market (DOM)—a 21.6% decline that underscores the competitive nature of this segment. Discerning buyers in this market segment are ready to make a move when the property that meets their desires comes on the market.

As affluent buyers continue to seek Vermont’s premium properties, Coldwell Banker Hickok & Boardman has solidified its position as the dominant force in the luxury market. Representing more luxury buyers and sellers in northwest Vermont than any other firm, the company achieved an impressive 35% market share in this high-demand segment. Our Agents’ unmatched expertise, deep market knowledge, and personalized service have made us the go-to choice for both buyers and sellers navigating this fast-moving market.

For sellers, these conditions present a golden opportunity to capitalize on the demand for luxury property while inventory remains low. For buyers, partnering with an experienced Agent from Coldwell Banker Hickok & Boardman provides access to exclusive listings, expert strategies, and deep insights into Vermont’s luxury market. Vermont continues to attract high-net-worth individuals from metropolitan areas and out-of-state markets. Coldwell Banker Hickok & Boardman Agents are positioned to best market to and serve these discerning buyers.

*Luxury properties are defined as residential properties priced at $1,250,000 or more. Previous reports included properties priced at $1,000,000 or more. Due to increased median sale prices across all residential sales over the past 5 years, it was necessary to increase the benchmark to accurately reflect the top 10% of the market.

Sales by County	Units	Median	Average	Low Sold Price	High Sold Price
Chittenden	46	$1,650,000	$2,257,641	$1,250,000	$14,100,000
Addison	7	$1,700,000	$2,008,000	$1,390,000	$3,600,000
Franklin	0
Grand Isle	4	$1,660,000	$1,942,500	$1,450,000	$3,000,000
Lamoille	69	$1,600,000	$1,964,957	$1,250,000	$4,000,000
Washington	17	$1,696,500	$2,025,382	$1,260,000	$5,000,000

In the luxury housing market, defined as residential properties priced at $1,000,000 or more, there was a notable increase in the number of units sold during the first half of 2024, even though the median sale price saw a 12% decline. This drop in median sale price does not reflect a decrease in the value of luxury properties but is attributed to the general rise in residential property prices. Over the past few years, home prices have surged by over 40%, pushing many homes initially priced in the $750,000 range into the $1,000,000+ range.

LuxuryJanuary-June 2024
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,187,600 -12.0%	$1,717,355 13.7%	48 29.7%	32 -25.6%	51 -5.6%

Luxury homes are characterized not just by their price but by their quality and location. Traditionally, the top 10% of the market has been considered luxury. However, as the market evolves, future reports will likely see an increase in the benchmark for luxury homes.

In 2024, there has been a reported slowdown in showings of high-end properties. While mortgage interest rates typically do not impact luxury buyers, factors such as rising property taxes and the new property transfer taxes for second homes, effective August 1, 2024, are expected to influence the market through the end of the year and beyond.

Our agents have successfully closed 1 in 4 luxury transactions in northwest Vermont, outperforming all other real estate companies in the area. This success is due to our agents’ expertise and comprehensive marketing approach, showcasing luxury homes to affluent buyers locally, nationally, and globally through our affiliation with Coldwell Banker Global Luxury.

County	Top towns	Units Closed	Median Sale Price	Average Sale Price	Low	High
Addison		6	$1,249,000	$1,656,930	$1,008,580	$3,600,000
	Cornwall	2	$1,600,000	$1,600,000	$1,400,000	$1,800,000
	Ferrisburgh	2	$2,349,000	$2,349,000	$1,098,000	$3,600,000
Chittenden		39	$1,200,000	$1,769,163	$1,000,000	$14,100,000
	Burlington	6	$1,300,000	$1,359,833	$1,029,000	$1,835,000
	Charlotte	4	$2,415,000	$2,313,750	$1,200,000	$3,225,000
	Colchester	5	$1,175,200	$1,337,040	$1,000,000	$2,010,000
	Essex	2	$1,449,500	$1,449,500	$1,249,000	$1,650,000
	Shelburne	4	$2,680,000	$5,158,750	$1,175,000	$14,100,000
	South Burlington	3	$1,053,000	$1,102,835	$1,005,504	$1,250,000
	Underhill	4	$1,117,500	$1,259,750	$1,004,000	$1,800,000
	Williston	6	$1,142,500	$1,275,833	$1,020,000	$1,650,000
Franklin		3	$1,167,120	$1,164,707	$1,127,000	$1,200,000
Lamoille		27	$1,495,000	$1,866,574	$1,000,000	$3,550,000
	Morristown	3	$1,550,000	$1,928,667	$1,036,000	$3,200,000
	Stowe	24	$1,462,500	$1,858,812	$1,000,000	$3,550,000
Washington		14	$1,280,000	$1,459,821	$1,060,000	$2,540,000
	Warren	6	$1,300,000	$1,359,833	$1,029,000	$1,835,000
	Waterbury	3	$1,260,000	$1,373,333	$1,060,000	$1,800,000

Single-Family January-December 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,300,000 0%	$1,503,209 -10.7%	103 +13.2%	86 -4.4%	42 +5%

In the luxury market (defined in this report as residential properties with a sale price of $1,000,000 or more), the median sale price remained steady at $1,300,000 while the number of sales increased by 13% to 103 units. With many high-end buyers paying cash for their purchase, the rising mortgage rates had less impact on this segment of the market. Agents reported a solid number of showings for new listings as buyers looked outside of Burlington and lakefront properties to meet their needs. Locally our agents closed 1 in 4 luxury transactions in northwest Vermont – far more than any company in our area.

Our skilled agents and our 360-degree marketing approach combine to share the beauty of luxury homes with an affluent audience locally, nationally, and globally. Many of our agents are certified as Luxury Property Specialists. Aligning them with the best among Coldwell Banker agents. In 2023, Coldwell Banker affiliated agents achieved tremendous results with $267 million in Luxury closed sales daily and an average sale price of $1,900,000 worldwide.

County	Top towns	Units Closed	Median Sale Price	Average Sale Price	Low	High
Addison		13	$1,512,500	$1,824,269	$1,015,000	$3,450,000
	Leicester	4	$1,265,000	$1,264,375	$1,015,000	$1,512,500
	Panton	3	$2,450,000	$2,318,833	$1,906,500	$2,600,000
	Salisbury	2	$1,225,750	$1,225,750	$1,140,000	$1,311,500
Chittenden		76	$1,245,000	$1,410,402	$1,000,000	$3,169,000
	Burlington	20	$1,210,000	$1,367,950	$1,000,000	$2,900,000
	Charlotte	9	$1,615,000	$1,708,333	$1,100,000	$2,340,000
	Colchester	6	$1,232,500	$1,388,333	$1,010,000	$2,315,000
	Essex	3	$1,250,000	$1,288,333	$1,240,000	$1,375,000
	Richmond	8	$1,238,000	$1,435,583	$1,055,833	$2,300,000
	Shelburne	16	$1,273,000	$1,424,031	$1,000,000	$3,169,000
	South Burlington	6	$1,127,500	$1,285,407	$1,055,000	$1,902,445
	Underhill	2	$1,137,500	$1,137,500	$1,075,000	$1,200,000
	Williston	4	$1,172,500	$1,276,500	$1,000,000	$1,760,000
Franklin		3	$1,110,000	$1,409,166	$1,100,000	$2,017,500
Grand Isle		11	$1,499,900	$1,790,627	$1,000,000	$3,200,000
	Grand Isle	5	$2,500,000	$2,409,400	$1,297,000	$3,200,000
	South Hero	4	$1,424,950	$1,393,725	$1,000,000	$1,725,000
Lamoille		74	$1,522,500	$1,863,649	$1,000,000	$4,600,000
	Stowe	70	$1,542,292	$1,901,771	$1,027,000	$4,600,000
	Hyde Park	1	$1,755,000	$1,755,000	$1,755,000	$1,755,000
	Morristown	2	$1,015,500	$1,015,500	$1,000,000	$1,031,000
Washington		26	$1,275,000	$1,415,038	$1,000,000	$3,750,000
	Fayston	4	$1,590,000	$1,595,000	$1,400,000	$1,800,000
	Warren	6	$1,342,500	$1,709,166	$1,150,000	$3,750,000
	Waterbury	9	$1,200,000	$1,196,333	$1,000,000	$1,500,000
	Woodbury	2	$1,343,500	$1,343,500	$1,192,000	$1,495,000

Single-Family January-June 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,350,000 3.9%	$1,510,999 -17.4%	37 0%	22 -56.9%	54 -6.9%

The luxury market could arguably be stated as the market segment most impacted by the pandemic.  As virtual work allowed people to move almost anywhere, many affluent buyers with both resources and flexibility chose Vermont.  The number of properties sold jumped substantially, values escalated, and sales absorbed the available inventory.  Prior to the pandemic Luxury homes had, on average, a 2–3-year supply on hand.  This quickly dropped and has remained low. 

Demand has calmed, however not diminished and sales in 2023 are flat with last year.  Buyers are still shopping, as agents report a solid number of showings for new listings. Many buyers have been willing to look outside of the traditional Burlington or lake front properties to meet their needs.  This may reflect a new balance of purchasers buying as a second home and many choosing to make these purchases their primary residents.

County	Top towns	Units Closed	Median Sale Price	Average Sale Price	Low	High
Addison		3	$2,600,000	$2,616,666	$1,800,000	$3,450,000
Chittenden		31	$1,200,000	$1,360,707	$1,000,000	$2,900,000
	Burlington	12	$1,115,000	$1,344,083	$1,000,000	$2,900,000
	Charlotte	2	n/a	$1,800,000	$1,015,000	$1,525,000
	Colchester	2	n/a	$1,270,000	$1,500,000	$2,100,000
	Essex	1	$1,375,000	$1,375,000	$1,375,000	$1,375,000
	Richmond	1	$1,565,000	$1	$1,565,000	$1,565,000
	Shelburne	8	$1,178,500	$1,208,188	$1,040,000	$1,497,500
	South Burlington	2	n/a	$1,663,723	$1,425,000	$1,902,445
	Underhill	1	$1,075,000	$1,075,000	$1,075,000	$1,075,000
	Williston	2	n/a	$1,452,500	$1,145,000	$1,760,000
Franklin		-
Grand Isle		3	$1,725,000	$1,958,333	$1,350,000	$2,800,000
Lamoille		3	$1,725,000	$1,958,333	$1,350,000	$2,800,000
Washington		3	$1,725,000	$1,958,333	$1,350,000	$2,800,000

Northwest Vermont Luxury January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,300,000 +5.5%	$1,680,585 +5.7%	93 +25.7%	74 -3.9%	39 -31.0%

Chittenden County Luxury January-June 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,305,000 +4.0%	$1,696,587 +2.6%	69 +17.5%	53 -13.1%	40 -26.3%

High demand for luxury homes across the state and locally in northwest Vermont continued in 2022. The luxury market continues to reach historic levels as consumers with means chose to add another home to their portfolios – or acted upon their dream of living in rural areas or locations aligned with their values. Buyers from within Vermont sought views, flexible spaces, and high-end amenities.

The number of newly listed properties did not satisfy consumer demand with only 74 properties coming to market and 93 units sold. There was a nearly 26% increase in luxury homes sold last year versus 2021. At mid-year 2022, we thought that buyer demand, fewer available homes, and changes from the Federal Reserve may cool the luxury market. That was not the case as the luxury buyer is less affected by rising mortgage interest rates like the rest of the market. Buyers watched for the perfect home to hit the market, commonly alerted by their Agent, and snapped up the property often amidst multiple offers. The average days on the market dropped from 59 days in 2021 to only 39 days in 2022.

We have provided the 2022 luxury sales by county for northwest Vermont highlighting some of the top towns as well. Globally, Luxury Property Specialists aligned with Coldwell Banker are among the best, exceeding expectations for their discerning clients every day. In 2022, Coldwell Banker affiliated agents closed $267 million in Luxury sales daily with an average sale price of $1.9million.

Locally, our Agents closed 1 in 4 luxury transactions in northwest Vermont – far more than any other company in the area. Our skilled Agents and our 360-degree marketing approach combine to share the beauty of luxury homes with an affluent audience nationally and internationally.

County	Top towns	Units Closed	Median Sale Price	Average Sale Price	Low	High
Addison		15	$1,290,000	$1,544,333	$1,000,000	$2,800,000
Chittenden		69	$1,305,000	$1,696,587	$1,000,000	$10,250,000
	Burlington	16	$1,315,000	$1,439,312	$1,024,000	$2,500,000
	Charlotte	9	$1,501,000	$2,073,407	$1,300,000	$6,063,000
	Essex	4	$1,202,500	$1,201,250	$1,000,000	$1,400,000
	Hinesburg	5	$1,150,000	$1,163,000	$1,000,000	$1,360,000
	Jericho	2	$1,107,500	$1,107,500	$1,065,000	$1,150,000
	Shelburne	19	$1,308,500	$2,276,500	$1,025,000	$10,250,000
	Williston	4	$1,239,500	$1,233,500	$1,080,000	$1,375,000
Franklin		2	$1,200,000	$1,200,000	$1,150,000	$1,250,000
Grand Isle		7	$1,650,000	$1,952,129	$1,100,000	$3,500,000

Northwest Vermont Luxury January-June 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,305,000 +7.9%	$1,814,230 +26.9%	39 +32.1%	21 -40.0%	55 -14.7%

Chittenden County Luxury January-June 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,305,000 +7.4%	$1,875,484 +25.9%	31 +26.1%	15 -46.4%	63 -12.5%

The luxury market reached historic levels throughout the pandemic as consumers with the means chose to add 2nd (or 3rd) homes to their portfolios, made their vacation homes their primary residences, and acted upon their dream of living in rural areas or locations aligned with their values. Vermont was one of the locations that often fulfilled those dreams.

The luxury market reached historic levels throughout the pandemic as consumers with the means chose to add 2nd (or 3rd) homes to their portfolios, made their vacation homes their primary residences, and acted upon their dream of living in rural areas or locations aligned with their values. Vermont was one of the locations that often fulfilled those dreams.
Northwest Vermont was not impacted as dramatically as the resort towns and southern Vermont; however, we did see significant demand. The first half of 2022 continued that trend as 39 properties sold at price points of over $1.0 million dollars – a 32.1% increase from 2021. Only 21 new properties came to market, a reduction of 40.0% from the prior year.

Slowing buyer demand and fewer available homes will likely cool this trend in late 2022. Before the pandemic, the luxury market was over-supplied with a three-year supply of homes for sale. Recent demand has reduced that to under 30 units, less than 12-18 months of supply in more typical market conditions. Although unique properties, well positioned and maintained, continue to move quickly, often with multiple offers. Our Agents are well versed through a dominant number of transactions to assist clients in navigating the luxury real estate market.

County	Top towns	Units Closed	Median Sale Price	Average Sale Price	Low	High
Addison County		5	$1,500,000	$1,603,000	$1,020,000	$2,300,000
Chittenden County		31	$1,305,000	$1,875,484	$1,000,000	$10,250,000
	Burlington	9	$1,250,000	$1,339,444	-	-
	Charlotte	3	$1,700,000	$3,054,333	-	-
	Essex	3	$1,305,000	$1,235,000	-	-
	Shelburne	9	$1,450,000	$2,658,333	-	-
Franklin County		2	$1,200,000	$1,200,000	$1,150,000	$1,250,000
Grand Isle County		1	$2,200,000	$2,200,000	$2,200,000	$2,200,000

Northwest Vermont Luxury January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,232,500 -1.4%	$1,588,542 10.5%	71 7.6%	59 -3.3%	59 -59.6%

Chittenden County Luxury January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,250,000 -1.2%	$1,654,373 12.9%	55 22.2%	46 12.2%	59 -61.7%

High demand for luxury homes across the state and locally in northwest Vermont continues resulting in an increase of nearly 8% in units sold in 2021. Buyers from within Vermont sought views, flexible living space and high-end amenities while out-of-state buyers sought refuge from metro areas or properties to enjoy with their friends and families.

New listings coming to market in the first half of 2021 were very strong as home sellers recognized the opportunity to right size their life or capitalize on their strong equity position. Demand remained strong all year as buyers waiting for the perfect home to hit the market, snapped up properties across the region, with the average number of days from listing to close at just under 2 months. Chittenden County posted 76% of the luxury sales followed by Addison County. We have provided the 2021 luxury sales by county and highlighted some of the top towns as well.

Internationally, Coldwell Banker agents transact nearly $168 million in daily luxury sales. Locally, our agents represented 1 in 3 clients closing on a luxury sale in 2021. Our skilled agents and our marketing, including best in class domestic and global listing syndication and prestigious publications, are a remarkable force in the arena of high-end real estate.

*Our luxury property recap includes single family homes and condominiums that have sold for $1.0 million or more across northwest Vermont. This reflects a change from prior reports where we included sales of $850,000 or more in the luxury category. Franklin County recorded no residential sales above $1,000,000 in 2021.

County/ Towns	Units Closed	Median Sale Price	Average Sale Price	Low	High
Addison County	12	$1,212,500	$1,428,750	$1,001,000	$3,500,000
Addison	3	$1,225,000	$1,324,667	$1,200,000	$1,549,000
Cornwall	3	$1,495,000	$1,415,000	$1,250,000	$1,500,000
Chittenden County	55	$1,250,000	$1,654,373	$1,000,000	$4,500,000
Burlington	13	$1,250,000	$1,668,692	$1,025,000	$3,750,000
Charlotte	7	$2,375,000	$2,371,429	$1,100,000	$4,500,000
Colchester	12	$1,574,500	$1,861,000	$1,000,000	$3,550,000
Shelburne	14	$1,241,250	$1,414,500	$1,000,500	$3,090,000
South Burlington	4	$1,150,000	$1,255,625	$1,147,500	$1,575,000
Grand Isle County	4	$1,111,000	$1,654,373	$1,050,000	$1,379,000

Northwest Vermont Luxury January-June 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$999,000 12.3%	$1,176,597 -8.5%	62 200%	99 47.8%	83 -23.2%

Chittenden County Luxury January-June 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$1,037,500 16.7%	$1,232,467 -5%	44 144.4%	75 63%	48 -40.7%

The stunning increase in Luxury sales across northwest Vermont and the entire state in 2020 has continued through 2021. Driven by cash buyers from within Vermont, who desire high-end amenities, views, and additional flexible living space, plus out-of-state buyers moving out of metro areas and closer to family – the luxury market grew by 200%.

Luxury home sellers recognized the opportunity to right-size their lifestyle or capitalize on their strong equity position, taking their REALTOR’s advice and listing their homes earlier in the year. A 48% increase in new homes coming to market offered new opportunities for buyers who snapped up properties across the region – predominantly in Chittenden County, which accounted for 81% of the area’s luxury sales.

Internationally, Coldwell Banker agents transact $168 million in daily luxury sales, including more than 32,000 properties sold. Locally, our agents represented clients in 1 out of 3 luxury sales closed in northwest Vermont so far this year. Our agents and our marketing, including best-in-class domestic and global listing syndication and prestigious publications, are a remarkable force in the arena of high-end real estate.

*For this report, Luxury homes are defined as residential properties priced $850,000 or more.

Address	Town	County	Sale Price	Date Sold
25 Ministry Lane	South Hero	Grand Isle	$850,000	2/16/2021
38 Cliff Street	Burlington	Chittenden	$850,000	6/28/2021
5296 Dorset Street	Shelburne	Chittenden	$850,000	3/1/2021
117 Lakeview Terrace	Burlington	Chittenden	$870,000	3/19/2021
217 Heather Lane	Shelburne	Chittenden	$875,000	3/16/2021
550 South Bay Circle	Colchester	Chittenden	$875,000	5/14/2021
76 St. Paul Street	Burlington	Chittenden	$875,000	6/14/2021
1740 Hooker Road	Leicester	Addison	$875,000	5/14/2021
1 Valley Watch Road	St. Albans Town	Franklin	$880,000	1/29/2021
657 South Prospect Street	Burlington	Chittenden	$880,000	6/1/2021
19 Harbor Watch Road	Burlington	Chittenden	$885,000	1/29/2021
21 Chipman Street	South Burlington	Chittenden	$890,530	4/30/2021
74 Bixby Hill Road	Essex	Chittenden	$895,000	3/18/2021
40 College Street	Burlington	Chittenden	$895,000	3/24/2021
1075 Grandey Road	Addison	Addison	$895,000	6/18/2021
404 Ridgefield Road	Shelburne	Chittenden	$895,556	4/23/2021
42 Irish Farm Road	South Burlington	Chittenden	$899,000	6/1/2021
276 Sherwood Forest Road	Williston	Chittenden	$900,000	5/25/2021
1222 Church Hill Road	Charlotte	Chittenden	$900,000	6/30/2021
800 Maquam Shore Road	St. Albans Town	Franklin	$905,000	1/29/2021
84 Deforest Heights	Burlington	Chittenden	$908,000	6/7/2021
391 Southwind Road	Hinesburg	Chittenden	$915,000	6/4/2021
102 Adams Street	Burlington	Chittenden	$925,000	5/28/2021
137 Ledge Road	Burlington	Chittenden	$955,000	5/14/2021
47 Four Winds Lane	North Hero	Grand Isle	$960,000	6/7/2021
55 Cliff Street	Burlington	Chittenden	$965,000	6/17/2021
548 Ridgefield Road	Shelburne	Chittenden	$974,000	6/1/2021
2493 Lake Street	Addison	Addison	$975,000	5/11/2021
410 Golf Course Road	South Burlington	Chittenden	$985,000	2/10/2021
72 Porters Point Court	Colchester	Chittenden	$987,500	6/1/2021
349 Morgan Drive	Shelburne	Chittenden	$995,000	6/21/2021
3416 Harbor Road	Shelburne	Chittenden	$995,000	5/21/2021
300 Martel Lane	St. George	Chittenden	$999,000	4/30/2021
1263 Church Hill Road	Charlotte	Chittenden	$999,000	6/18/2021
373 Maeck Farm Road	Shelburne	Chittenden	$1,025,000	5/26/2021
273 West Shore Road	South Hero	Grand Isle	$1,050,000	4/29/2021
40 College Street	Burlington	Chittenden	$1,050,000	2/26/2021
58 Featherbed Lane	South Hero	Grand Isle	$1,051,000	6/10/2021
1721 Marble Island Road	Colchester	Chittenden	$1,100,000	6/4/2021
158 Westview Drive	Shelburne	Chittenden	$1,100,000	6/30/2021
6 Summit Ridge	Burlington	Chittenden	$1,100,000	6/7/2021
1490 Arnold Bay Road	Panton	Addison	$1,100,000	6/11/2021
48 Henderson Terrace	Burlington	Chittenden	$1,145,000	6/1/2021
339 Golf Course Road	South Burlington	Chittenden	$1,150,000	4/14/2021
140 South Ridge Road	Shelburne	Chittenden	$1,165,000	1/5/2021
87 Pinecrest Drive	Essex	Chittenden	$1,175,000	6/30/2021
142 Acorn Lane	Shelburne	Chittenden	$1,195,000	6/11/2021
311 Autumn Hill Lane	Shelburne	Chittenden	$1,200,000	4/16/2021
166 Sutton Farm Drive	Williston	Chittenden	$1,210,000	1/19/2021
294 Elm Point Road	Addison	Addison	$1,225,000	5/28/2021
81 Gardenside Lane	Shelburne	Chittenden	$1,232,500	4/30/2021
301 Appletree Point Road	Burlington	Chittenden	$1,250,000	5/7/2021
2952 Greenbush Road	Charlotte	Chittenden	$1,250,000	4/28/2021
1209 Cider Mill Road	Cornwall	Addison	$1,250,000	1/28/2021
51 Depot Road	Colchester	Chittenden	$1,325,000	4/27/2021
62 Overlake Park	Burlington	Chittenden	$1,415,000	4/15/2021
1348 Irish Hill Road	Shelburne	Chittenden	$1,575,000	5/3/2021
1505 Dorset Street	South Burlington	Chittenden	$1,575,000	5/28/2021
931 Red Rock Road	Colchester	Chittenden	$2,209,000	5/27/2021
175 McGuire Pent Road	Charlotte	Chittenden	$2,375,000	4/22/2021
3685 Harbor Road	Shelburne	Chittenden	$3,090,000	2/11/2021
11 Driftwood Lane	Burlington	Chittenden	$3,750,000	6/30/2021

Luxury Homes January-December 2020
Median Sale Price:	Units Sold:	Newly Listed	Days 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. 

Property 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.

Address	Town	County	Sale Price	Date Sold
3735 Harbor Road	Shelburne	Chittenden	$4,950,000	1/17/2020
209 Hills Point Road	Charlotte	Chittenden	$1,165,000	1/20/2020
587 Ridgefield Road	Shelburne	Chittenden	$875,000	1/21/2020
269 Thorpe Cove Road	Charlotte	Chittenden	$1,550,000	1/31/2020
193 Poor Farm Road	Colchester	Chittenden	$885,000	2/28/2020
1816 Morgan Horse Farm Road	Weybridge	Addison	$1,070,000	3/2/2020
208 Meadowood Drive	South Burlington	Chittenden	$887,500	3/27/2020
347 Popple Dungeon Road	Charlotte	Chittenden	$1,239,000	4/1/2020
837 Bay Road	Shelburne	Chittenden	$1,150,000	6/8/2020
119 Holmes Road	South Burlington	Chittenden	$1,020,000	6/9/2020
2687 Greenbush Road	Charlotte	Chittenden	$890,000	6/15/2020
2751 Thompson\'s Point Road	Charlotte	Chittenden	$885,000	6/16/2020
164 Pheasant Hill Ridge Road	Shelburne	Chittenden	$2,135,000	6/26/2020
6659 Spear Street	Charlotte	Chittenden	$880,000	6/29/2020
233 Thorpe Cove Road	Charlotte	Chittenden	$1,630,000	6/29/2020
163 Old Stage Lane	Shelburne	Chittenden	$850,000	7/2/2020
51 Van Sicklen Road	South Burlington	Chittenden	$1,200,000	7/2/2020
50 Windridge Road	South Hero	Grand Isle	$1,250,000	7/7/2020
64 Waterview Road	Colchester	Chittenden	$1,350,000	7/8/2020
2854 Harbor Road	Shelburne	Chittenden	$1,425,000	7/9/2020
51 Bixby Hill Road	Essex	Chittenden	$925,000	7/15/2020
475 Golf Course Road	South Burlington	Chittenden	$1,370,000	7/27/2020
301 Wolfe Road	Addison	Addison	$1,310,000	7/27/2020
3408 Harbor Road	Shelburne	Chittenden	$1,145,000	7/29/2020
8 Whately Road	South Burlington	Chittenden	$860,000	7/31/2020
38 Contentment Lane	South Hero	Grand Isle	$1,000,000	7/31/2020
266 South Union Street	Burlington	Chittenden	$1,149,000	8/5/2020
177 Maeck Farm Road	Shelburne	Chittenden	$882,500	8/6/2020
719 Converse Bay Road	Charlotte	Chittenden	$1,200,000	8/10/2020
33 Colodny Way	South Hero	Grand Isle	$2,050,000	8/12/2020
296 South Cove Road	Burlington	Chittenden	$925,000	8/13/2020
386 South Forty Road	Shelburne	Chittenden	$1,650,000	8/17/2020
263 Quarry Road	Shelburne	Chittenden	$1,050,000	8/18/2020
162 Autumn Hill Lane	Shelburne	Chittenden	$950,000	8/19/2020
222 McNeil Cove Road	Charlotte	Chittenden	$1,265,000	8/19/2020
104 Pine Haven Shores Lane	Shelburne	Chittenden	$1,295,000	8/21/2020
615 Thayer Beach Road	Colchester	Chittenden	$1,005,000	8/24/2020
219 Appletree Point Road	Burlington	Chittenden	$1,200,000	8/25/2020
324 Wings Point	Charlotte	Chittenden	$1,950,000	8/31/2020
7133 Spear Street	Charlotte	Chittenden	$1,531,884	8/31/2020
99 Central Avenue	South Burlington	Chittenden	$1,450,000	8/31/2020
293 Ordway Shore Road	Shelburne	Chittenden	$1,150,000	9/1/2020
3323 Highbridge Road	Georgia	Franklin	$875,000	9/2/2020
341 West Shore Road	South Hero	Grand Isle	$2,150,000	9/3/2020
211 Mills Road	Georgia	Franklin	$1,025,000	9/4/2020
1275 Spear Street	South Burlington	Chittenden	$965,000	9/10/2020
14 Turtle Bay Lane	South Hero	Grand Isle	$1,250,000	9/14/2020
2296 Greenbush Road	Charlotte	Chittenden	$918,500	9/15/2020
1301 Cider Mill Road	Cornwall	Addison	$995,000	9/16/2020
330 Cold Spring Road	Milton	Chittenden	$959,900	9/17/2020
465 Autumn Hill Lane	Shelburne	Chittenden	$1,200,000	9/21/2020
116 Sunset Cliff	Burlington	Chittenden	$1,950,000	9/25/2020
121 West Shore Road	Grand Isle	Grand Isle	$1,460,000	9/25/2020
27 Lakeview Terrace	Burlington	Chittenden	$1,375,000	9/30/2020
6110 Mt. Philo Road	Charlotte	Chittenden	$1,995,000	10/1/2020
24 Point Farm West Road	Grand Isle	Grand Isle	$1,600,000	10/1/2020
52 Sunset Cliff	Burlington	Chittenden	$1,225,000	10/1/2020
191 South Winooski Avenue	Burlington	Chittenden	$860,000	10/2/2020
2409 Munger Street	New Haven	Addison	$1,600,000	10/2/2020
178 Popple Dungeon Road	Charlotte	Chittenden	$1,100,000	10/5/2020
15 Eastman Way	Burlington	Chittenden	$1,700,000	10/7/2020
51 Pinnacle Drive	South Burlington	Chittenden	$1,137,000	10/8/2020
52 Waterview Road	Colchester	Chittenden	$931,975	10/15/2020
665 Prindle Road	Charlotte	Chittenden	$910,000	10/15/2020
97 Chapin Road	Essex	Chittenden	$1,175,000	10/16/2020
141 Baker Place	North Hero	Grand Isle	$899,000	10/20/2020
5261 Lake Road	Charlotte	Chittenden	$1,251,000	10/22/2020
6529 Spear Street	Shelburne	Chittenden	$990,000	10/23/2020
275 Charles Road	Williston	Chittenden	$850,000	10/23/2020
8 Stanhope Road	South Burlington	Chittenden	$854,000	10/28/2020
390 Indian Trail	Leicester	Addison	$1,050,000	10/28/2020
273 West Shore Road	South Hero	Grand Isle	$995,000	11/2/2020
455 Singing Hills Road	Cornwall	Addison	$1,175,000	11/2/2020
1 Crescent Beach Drive	Burlington	Chittenden	$1,475,000	11/3/2020
1099 Marble Island Road	Colchester	Chittenden	$1,637,500	11/4/2020
15 Partridge Road	South Hero	Grand Isle	$2,450,000	11/6/2020
310 South Street	South Hero	Grand Isle	$1,275,000	11/6/2020
21 Point Farm West	Grand Isle	Grand Isle	$1,099,000	11/6/2020
1317 Spear Street	South Burlington	Chittenden	$1,325,000	11/12/2020
25 Eastman Way	Burlington	Chittenden	$2,993,000	11/16/2020
346 South Street	South Hero	Grand Isle	$1,145,000	11/17/2020
83 Wind Ridge Drive	Shelburne	Chittenden	$1,375,875	11/20/2020
246 Crescent Road	Burlington	Chittenden	$937,500	11/30/2020
147 West Shore Road	Grand Isle	Grand Isle	$1,495,000	12/1/2020
74 Overlake Park	Burlington	Chittenden	$1,295,000	12/1/2020
200 Lake Street	Burlington	Chittenden	$950,000	12/7/2020
446 Terrace Drive	Williston	Chittenden	$879,000	12/8/2020
222 Lost Cove Road	Colchester	Chittenden	$1,025,000	12/9/2020
424 Burgey Farm Road	Addison	Addison	$955,000	12/11/2020
82 Sunset Cliff Road	Burlington	Chittenden	$940,000	12/11/2020
385 Mile Point Road	Ferrisburgh	Addison	$862,500	12/14/2020
10 Ladd Point	Grand Isle	Grand Isle	$1,185,000	12/15/2020
263 Frogs End Drive	Shelburne	Chittenden	$1,150,000	12/15/2020
186 South Willard Street	Burlington	Chittenden	$975,000	12/16/2020
225 Weed Road	Hinesburg	Chittenden	$935,000	12/17/2020
1156 Middle Road	Colchester	Chittenden	$1,148,500	12/18/2020
418 James Farm Road	Charlotte	Chittenden	$1,169,000	12/22/2020
1816 Morgan Horse Farm Road	Weybridge	Addison	$1,100,000	12/29/2020
60 Featherbed Lane	South Hero	Grand Isle	$1,200,000	12/30/2020