{"id":1251,"date":"2017-07-21T12:08:45","date_gmt":"2017-07-21T16:08:45","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=1251"},"modified":"2017-07-24T14:14:45","modified_gmt":"2017-07-24T18:14:45","slug":"chittenden-county-days-on-the-market-until-sale-has-dropped-from-150-days-to-80-days","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2017\/07\/chittenden-county-days-on-the-market-until-sale-has-dropped-from-150-days-to-80-days\/","title":{"rendered":"Chittenden County \u201cDays on the Market until Sale\u201d has dropped to under 80 days for single family homes"},"content":{"rendered":"

\"\"<\/p>\n

Stunning 3+ bedroom home with lovely mountain views on a beautiful 14.95 acres in Charlotte. | MLS# 4639851<\/a><\/p>\n

\n\n\n\n\t\n\n\t\n\t
Single Family<\/th><\/th><\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$319,000 (+2.94%)<\/td>$354,560 (+0.1%)<\/td>540 (-4.76)<\/td>879 (-5.8%)<\/td>77 (-6.1%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n\n\n\n\n\t\n\n\t\n\t
Condo<\/th><\/th><\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$232,200 (+3.11%)<\/td>$262,870 (+7.26%)<\/td>279 (-9.71%)<\/td>374 (-5.79%)<\/td>97 (+27.63%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n


\n<\/strong>\"\"<\/strong><\/p>\n

The residential property market in Chittenden County continues to see strong demand from buyers while inventory remains tight.\u00a0<\/strong><\/p>\n

The number of newly listed, single-family homes continued a 3-year decline adversely affecting the number of homes sold in the county \u2013 which declined by nearly 5% for single family and nearly 10% for condos over the same period last year. While these results reflect the County overall, there were some increased sales in specific cities and towns.<\/p>\n

Burlington<\/a>, South Burlington<\/a>, and Winooski<\/a> witnessed increases in single family homes sold and newly listed property. However, this is a recovery from a soft 2016 \u2013 where these cities suffered declines before the surrounding areas. South Burlington leads the county in the number of homes and condos coming on the market – a result of new construction in developments such as South Village<\/a>, Rye Meadows, and some smaller projects along Dorset Street. Towns a bit further from the greater Burlington area continue to draw buyers searching for affordable options such as Milton<\/a>, Underhill<\/a>, Huntington<\/a>, and Westford<\/a>.<\/p>\n

The majority of Multi-Family<\/a> sales in Northwest Vermont are in Chittenden County<\/a> which suffered a sharp decline of 11.8% in the median price of closed sales. This is a result of the 31% drop in units sold as investors opted to hold on to their properties.<\/p>\n

Throughout this report, we reference Median price. The median price is defined as \u2013 \u201chalf the houses sold for more and half sold for less\u201d.<\/p>\n

<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Stunning 3+ bedroom home with lovely mountain views on a beautiful 14.95 acres in Charlotte. | MLS# 4639851 The residential property market in Chittenden County continues to see strong demand from buyers while inventory remains tight.\u00a0 The number of newly listed, single-family homes continued a 3-year decline adversely affecting the number of homes sold in … 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":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1251"}],"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=1251"}],"version-history":[{"count":25,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1251\/revisions"}],"predecessor-version":[{"id":1336,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1251\/revisions\/1336"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=1251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=1251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=1251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}