{"id":1429,"date":"2017-10-30T13:43:10","date_gmt":"2017-10-30T17:43:10","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=1429"},"modified":"2022-11-06T10:48:26","modified_gmt":"2022-11-06T15:48:26","slug":"chittenden-county-sees-strong-buyer-demand-but-low-inventory-of-homes-for-sale","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2017\/10\/chittenden-county-sees-strong-buyer-demand-but-low-inventory-of-homes-for-sale\/","title":{"rendered":"Chittenden County Sees Strong Buyer Demand, but Low Inventory of Homes for Sale"},"content":{"rendered":"
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Enjoy amazing sunsets and westerly views of Lake Champlain and the Adirondacks from this very well kept Burlington Lakefront Cottage. MLS# 4638168<\/figcaption><\/figure>\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
$322,500 (+4%)<\/td>$367,324 (+3.5%)<\/td>948 (+0.1)<\/td>1323 (-7.9%)<\/td>70 (-5.4%)<\/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
$232,500 (+4.4%)<\/td>$260,328 (+5.3%)<\/td>465 (-7.7%)<\/td>581 (-6.4%)<\/td>85 (+23.2%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n<\/strong><\/strong><\/p>\n

Since 2014, the number of homes available for sale in Chittenden County has dropped by 31%, while the number of homes sold has jumped by 28% since Q3 2014.\u00a0 <\/strong><\/p>\n

Chittenden County<\/a> is still our region\u2019s most diverse market, with properties ranging from $145,000 to $5 million \u2014 an unusual range for any market in the U.S.<\/p>\n

The median price in Chittenden County is now up to $322,500 for single-family homes and $232,500 for condos sold YTD. Again, this increase is likely a result of healthy buyer demand coupled with the decrease in properties available for purchase, which has dropped 7.9% for homes and 6.4% for condos.<\/p>\n

Single-family homes in Chittenden County are now on the market for an average of 70 days, while condos<\/a> are listed for an average of 85 days \u2014 a moderate increase that might be affected by newly constructed condos that remain on the market until construction is complete.<\/p>\n

Newly built homes in Chittenden County are selling anywhere from $400,000 to $600,000. The cost of new construction<\/a>, higher efficient homes, automated home features, and neighborhood amenities are driving market value. A good example of this mix is in the neighborhood of South Village<\/a>, a community of single-family homes and townhouses<\/a> in South Burlington<\/a> surrounded by on-campus amenities, including an organic farm and recreation trails.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since 2014, the number of homes available for sale in Chittenden County has dropped by 31%, while the number of homes sold has jumped by 28% since Q3 2014.\u00a0 Chittenden County is still our region\u2019s most diverse market, with properties ranging from $145,000 to $5 million \u2014 an unusual range for any market in the … 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\/1429"}],"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=1429"}],"version-history":[{"count":3,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1429\/revisions"}],"predecessor-version":[{"id":3864,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1429\/revisions\/3864"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=1429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=1429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=1429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}