{"id":3291,"date":"2021-07-29T12:31:54","date_gmt":"2021-07-29T16:31:54","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=3291"},"modified":"2022-11-07T16:12:06","modified_gmt":"2022-11-07T21:12:06","slug":"chittenden-county-market-results-4","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2021\/07\/chittenden-county-market-results-4\/","title":{"rendered":"Chittenden County Market Results"},"content":{"rendered":"
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South Village<\/a> is a neighborhood of single-family homes, Townhomes, and Luxury Condominiums in the heart of Vermont\u2019s beautiful Champlain Valley.<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Single-Family January-June 2021<\/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
$425,000 \t+18.1%<\/td> $501,218 \t+19.2%
\n<\/td>		532\t+13.4%<\/td>777\t+8.2%<\/td>32\t-42%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t
Condo January-June 2021<\/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
$279,000 \t+6.9%<\/td> $316,944 \t+11.1%
\n<\/td>		279\t-0.4%<\/td>381\t+7.6%<\/td>35\t-38%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The demand for homes in Chittenden County<\/a> continued through the first half of 2021, increasing by more than 13% over 2020. Navigating the challenges of the global pandemic in 2020, many contemplated their living and employment situations; either relocating<\/a>, right-sizing<\/a>, or renovating their home. A modest improvement in the number of properties listed for sale this year (+8%) has not proven enough to satisfy the number of buyers searching for a home.<\/strong><\/p>\n

Many purchasers, facing multiple offers, needed to exercise patience and heed the guidance of their REALTOR<\/a> before entering into a contract to purchase. In most cases, persistence paid off, and buyers found the home that met their needs.<\/p>\n

The median sale price<\/a> of single-family homes in Chittenden County<\/a> jumped 18% in 2021, increasing 27% since 2018. Still, homes remain an affordable option over renting, with record-low mortgage interest rates offering the opportunity to build equity.<\/p>\n

New construction<\/a> projects such as South Village<\/a> and Hillside at O\u2019Brien Farm<\/a>, both in South Burlington<\/a>, introduced a variety of much needed, new housing options to the market \u2013 including townhomes<\/a>, single-family homes, carriage homes, and \u201cflats<\/a>.\u201d Buyers had time to make selections in location, floorplans, and custom finishes while not competing in the frenzied re-sale market. New construction projects throughout the county gave an opportunity for exiting homeowners to use their strong equity position and \u201cright-size\u201d to a new, energy-efficient<\/a>, and low-maintenance home. Options for new builds are still available with Spring 2022 delivery dates for buyers with flexible timelines.<\/p>\n

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<\/h2>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>SALE PRICE MEDIAN<\/th>VS 2020<\/th>UNITS SOLD<\/th>VS 2020<\/th>NEWLY LISTED<\/th>VS 2020<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County Single-Family<\/td>$425,000 <\/td>18.1%<\/td>532<\/td>13.4%<\/td>777<\/td>8.2%<\/td>32<\/td>\n<\/tr>\n
Bolton<\/a><\/td>$280,000 <\/td>17.9%<\/td>2<\/td>0.0%<\/td>3<\/td>-50.0%<\/td>7<\/td>\n<\/tr>\n
Burlington<\/a><\/td>$450,000 <\/td>34.3%<\/td>79<\/td>21.5%<\/td>123<\/td>30.9%<\/td>17<\/td>\n<\/tr>\n
Charlotte<\/a><\/td>$630,000 <\/td>-16.0%<\/td>17<\/td>-19.1%<\/td>29<\/td>-27.5%<\/td>74<\/td>\n<\/tr>\n
Colchester<\/a><\/td>$437,500 <\/td>18.6%<\/td>54<\/td>-20.6%<\/td>84<\/td>-5.6%<\/td>95<\/td>\n<\/tr>\n
Essex<\/a><\/td>$360,000 <\/td>4.1%<\/td>79<\/td>12.9%<\/td>109<\/td>5.8%<\/td>18<\/td>\n<\/tr>\n
Hinesburg<\/a><\/td>$456,000 <\/td>14.1%<\/td>14<\/td>16.7%<\/td>21<\/td>10.5%<\/td>44<\/td>\n<\/tr>\n
Huntington<\/a><\/td>$387,000 <\/td>33.5%<\/td>5<\/td>-28.6%<\/td>8<\/td>-27.3%<\/td>29<\/td>\n<\/tr>\n
Jericho<\/a><\/td>$482,699 <\/td>29.5%<\/td>22<\/td>83.3%<\/td>34<\/td>17.2%<\/td>35<\/td>\n<\/tr>\n
Milton<\/a><\/td>$350,000 <\/td>12.2%<\/td>46<\/td>15.0%<\/td>75<\/td>31.6%<\/td>13<\/td>\n<\/tr>\n
Richmond<\/a><\/td>$505,000 <\/td>22.6%<\/td>5<\/td>-61.5%<\/td>16<\/td>-11.1%<\/td>14<\/td>\n<\/tr>\n
Shelburne<\/a><\/td>$669,875 <\/td>3.1%<\/td>48<\/td>152.6%<\/td>56<\/td>55.6%<\/td>31<\/td>\n<\/tr>\n
South Burlington<\/a><\/td>$509,638 <\/td>10.1%<\/td>82<\/td>28.1%<\/td>111<\/td>5.7%<\/td>27<\/td>\n<\/tr>\n
St. George<\/a><\/td>$552,720 <\/td>22.3%<\/td>7<\/td>-22.2%<\/td>7<\/td>-30.0%<\/td>15<\/td>\n<\/tr>\n
Underhill<\/a><\/td>$320,000 <\/td>-22.0%<\/td>5<\/td>-44.4%<\/td>9<\/td>-57.1%<\/td>15<\/td>\n<\/tr>\n
Westford<\/a><\/td>$357,000 <\/td>10.5%<\/td>11<\/td>-15.4%<\/td>14<\/td>-22.2%<\/td>48<\/td>\n<\/tr>\n
Williston<\/a><\/td>$474,845 <\/td>31.9%<\/td>37<\/td>27.6%<\/td>50<\/td>8.7%<\/td>30<\/td>\n<\/tr>\n
Winooski<\/a><\/td>$324,000 <\/td>-0.3%<\/td>19<\/td>18.8%<\/td>28<\/td>75.0%<\/td>23<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>SALE PRICE MEDIAN<\/th>VS 2020<\/th>UNITS SOLD<\/th>VS 2020<\/th>NEWLY LISTED<\/th>VS 2020<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County Condo<\/td>$279,000 <\/td>6.90%<\/td>279<\/td>-0.40%<\/td>381<\/td>7.60%<\/td>35<\/td>\n<\/tr>\n
Bolton<\/td>$169,000 <\/td>33.60%<\/td>5<\/td>-37.50%<\/td>4<\/td>-60.00%<\/td>3<\/td>\n<\/tr>\n
Burlington<\/td>$280,000 <\/td>-12.80%<\/td>44<\/td>10.00%<\/td>56<\/td>0.00%<\/td>35<\/td>\n<\/tr>\n
Charlotte<\/td>$369,450 <\/td>0.00%<\/td>2<\/td>0.00%<\/td>4<\/td>0.00%<\/td>4<\/td>\n<\/tr>\n
Colchester<\/td>$260,000 <\/td>5.70%<\/td>35<\/td>-5.40%<\/td>42<\/td>-2.30%<\/td>58<\/td>\n<\/tr>\n
Essex<\/td>$223,500 <\/td>4.20%<\/td>58<\/td>16.00%<\/td>72<\/td>20.00%<\/td>36<\/td>\n<\/tr>\n
Hinesburg<\/td>$322,675 <\/td>12.60%<\/td>6<\/td>500.00%<\/td>6<\/td>0.00%<\/td>16<\/td>\n<\/tr>\n
Jericho<\/td>$512,788 <\/td>20.50%<\/td>3<\/td>-50.00%<\/td>4<\/td>-33.30%<\/td>12<\/td>\n<\/tr>\n
Milton<\/td>$242,000 <\/td>3.00%<\/td>11<\/td>-21.40%<\/td>13<\/td>-23.50%<\/td>7<\/td>\n<\/tr>\n
Richmond<\/td>$296,500 <\/td>0.00%<\/td>2<\/td>0.00%<\/td>1<\/td>0.00%<\/td>41<\/td>\n<\/tr>\n
Shelburne<\/td>$385,000 <\/td>-16.10%<\/td>11<\/td>-21.40%<\/td>13<\/td>-13.30%<\/td>50<\/td>\n<\/tr>\n
South Burlington<\/td>$309,500 <\/td>26.30%<\/td>70<\/td>-10.30%<\/td>124<\/td>22.80%<\/td>42<\/td>\n<\/tr>\n
Williston<\/td>$369,000 <\/td>23.00%<\/td>23<\/td>9.50%<\/td>26<\/td>-10.30%<\/td>11<\/td>\n<\/tr>\n
Winooski<\/td>$287,000 <\/td>10.40%<\/td>9<\/td>-18.20%<\/td>16<\/td>-5.90%<\/td>6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

The demand for homes in Chittenden County continued through the first half of 2021, increasing by more than 13% over 2020. Navigating the challenges of the global pandemic in 2020, many contemplated their living and employment situations; either relocating, right-sizing, or renovating their home. A modest improvement in the number of properties listed for sale … 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\/3291"}],"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=3291"}],"version-history":[{"count":10,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3291\/revisions"}],"predecessor-version":[{"id":3888,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3291\/revisions\/3888"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=3291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=3291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=3291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}