{"id":1010,"date":"2017-01-26T15:49:50","date_gmt":"2017-01-26T20:49:50","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=1010"},"modified":"2017-02-01T15:54:26","modified_gmt":"2017-02-01T20:54:26","slug":"the-residential-property-market-in-grand-isle-county-picked-up-in-2016","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2017\/01\/the-residential-property-market-in-grand-isle-county-picked-up-in-2016\/","title":{"rendered":"The residential property market in Grand Isle County picked up in 2016"},"content":{"rendered":"<figure id=\"attachment_1011\" aria-describedby=\"caption-attachment-1011\" style=\"width: 1586px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1011 size-full\" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-Real-Estate.jpg\" width=\"1596\" height=\"550\" srcset=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-Real-Estate.jpg 1596w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-Real-Estate-300x103.jpg 300w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-Real-Estate-768x265.jpg 768w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-Real-Estate-1024x353.jpg 1024w\" sizes=\"(max-width: 1596px) 100vw, 1596px\" \/><figcaption id=\"caption-attachment-1011\" class=\"wp-caption-text\">Wake up to peace and tranquility at Jordan Point Road in Isle La Motte. MLS# 4604520<\/figcaption><\/figure>\n\n<table id=\"tablepress-55\" class=\"tablepress tablepress-id-55 market_averages tablepress-responsive\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">County Averages<\/th><th class=\"column-2\"><\/th><th class=\"column-3\"><\/th><th class=\"column-4\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Average Sale Price:<\/td><td class=\"column-2\">Units Sold:<\/td><td class=\"column-3\">Newly Listed:<\/td><td class=\"column-4\">Days on Market:<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">$277,491(+7.6%)<\/td><td class=\"column-2\">133 (5.5%)<\/td><td class=\"column-3\">293 (-3.9%)<\/td><td class=\"column-4\">180 (+5.3%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-55 from cache -->\n<p><img loading=\"lazy\" decoding=\"async\" class=\" alignleft wp-image-1013 \" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/GrandIsle_Price.jpg\" width=\"279\" height=\"610\" \/><br \/>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/Rfb4Y1sLFsI\" width=\"560\" height=\"315\" frameborder=\"0\" align=\"right\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>The luxury segment, which traditionally has represented a significant portion of the county\u2019s property market, remains slow. Our Realtors note it may be due to this summer\u2019s low water levels on Lake Champlain which stranded some docks and created difficulties for some boaters. However, taxes for lakefront properties in Grand Isle County provide an affordable alternative to Chittenden County.<\/strong><\/p>\n<p>Because the county is the smallest for property transactions in the region, a small number of sales may have a large impact on a town\u2019s pricing and demand trends.<\/p>\n<p>The following are some trends impacting the property market in Grand Isle<\/p>\n<h3>Quality inventory problems<\/h3>\n<p>Newly listed homes slipped by 3.9% last year, slightly tightening the available for-sale homes. Our Agents note that finding move-in-ready homes in the lower and mid-priced segments can be a challenge. Homes that need work or updating are more plentiful, but require more time to sell.<\/p>\n<h3>Growth in land sales<\/h3>\n<p>As with Northwest Vermont\u2019s other three counties, Grand Isle witnessed a boost in land sales, thanks to demand for custom-built homes. The number of sold properties rose 83 percent to 22 sales in 2016. The average sale price jumped more than 57 percent to slightly more than $96,000.<\/p>\n<h3>Four luxury sales<\/h3>\n<p>Grand Isle\u2019s luxury market recorded four transactions of $850,000 or higher in 2016. One of those sales was in Isle LaMotte which resulted in a 109% increase in average sale price for the town. \u00a0With taxes for lakefront properties less than in nearby Chittenden County, Grand Isle County is traditionally popular for second homes. \u00a0The Islands provide a great escape with a rural charm, biking trails, local businesses including a vineyard and orchards, and dining options.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1012 size-full\" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-County-Sales-By-Town.jpg\" width=\"900\" height=\"324\" srcset=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-County-Sales-By-Town.jpg 900w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-County-Sales-By-Town-300x108.jpg 300w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2017\/01\/Grand-Isle-County-Sales-By-Town-768x276.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The luxury segment, which traditionally has represented a significant portion of the county\u2019s property market, remains slow. Our Realtors note it may be due to this summer\u2019s low water levels on Lake Champlain which stranded some docks and created difficulties for some boaters. However, taxes for lakefront properties in &#8230; <a class=\"read-more\" href=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2017\/01\/the-residential-property-market-in-grand-isle-county-picked-up-in-2016\/\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1010"}],"collection":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/comments?post=1010"}],"version-history":[{"count":9,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1010\/revisions"}],"predecessor-version":[{"id":1169,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1010\/revisions\/1169"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=1010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=1010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=1010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}