{"id":2075,"date":"2019-01-22T14:17:47","date_gmt":"2019-01-22T19:17:47","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=2075"},"modified":"2019-01-23T08:12:06","modified_gmt":"2019-01-23T13:12:06","slug":"limited-home-inventory-made-for-a-tight-market-in-2018","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2019\/01\/limited-home-inventory-made-for-a-tight-market-in-2018\/","title":{"rendered":"Limited home inventory made for a tight market in 2018"},"content":{"rendered":"
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Milton contemporary Colonial including 3 bedrooms, 2.5 baths & finished basement that walks out to the enclosed in-ground pool. | MLS # 4731539<\/a><\/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
$339,900 (+5.6%)<\/td>$381,006 (+3.6%)<\/td>1,236 (-1.8%)<\/td>1,534(-3%)<\/td>62 (-13.9%)<\/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
$235,000 (+1.3%)<\/td>$266,079 (+2.4%)<\/td>670 (+4.2%)<\/td>803 (+12.5%)<\/td>58 (-2.8%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n


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Limited homes for sale continue to be the story across Chittenden County<\/a>. With new listings to the market declining 3% over 2018 \u2013 units sold also dropped. This resulted in a median price increase of 5.6% for single family homes.\u00a0<\/strong><\/p>\n

The number of Condominiums<\/a> available for purchase showed a healthy increase as some owners took advantage of a seller\u2019s market and sold their entry level condos in order to move up to a larger home. Builders introduced new condominiums & townhouses to the market, offering easy maintenance and the \u201cright size\u201d floorplan for new families and empty nesters.<\/p>\n

In South Burlington<\/a>, Hillside at O\u2019Brien Farm<\/a> launched in March with 12 single family and townhomes closed and many more reserved or under construction. South Village<\/a>, off of Spear Street<\/a>, looks to finish the build out of phase 2 in 2019 \u2013 and possibly offer homes in phase 3 subject to permits.<\/p>\n

\"\"Winooski<\/a> continues to draw buyers with a revitalized downtown & walkability to restaurants, shopping and recreation. Multiple offers on single family homes<\/a> from excited buyers pushed the median price up 18% – nearly the largest increase across the county. A number of resales in the Cascades Building along the Winooski River<\/a> resulted in a 44% surge in the median price of condominiums in the city.<\/p>\n

Multi Family<\/a> properties were in high demand while inventory was extremely tight. Investors need to move quickly when a property becomes available.<\/p>\n

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Limited homes for sale continue to be the story across Chittenden County. With new listings to the market declining 3% over 2018 \u2013 units sold also dropped. This resulted in a median price increase of 5.6% for single family homes.\u00a0 The number of Condominiums available for purchase showed a healthy increase as some owners took … 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\/2075"}],"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=2075"}],"version-history":[{"count":8,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2075\/revisions"}],"predecessor-version":[{"id":2139,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2075\/revisions\/2139"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=2075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=2075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=2075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}