{"id":3655,"date":"2022-07-22T08:53:48","date_gmt":"2022-07-22T12:53:48","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=3655"},"modified":"2022-11-02T09:18:13","modified_gmt":"2022-11-02T13:18:13","slug":"chittenden-county-market-results-6","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2022\/07\/chittenden-county-market-results-6\/","title":{"rendered":"Chittenden County Market Results"},"content":{"rendered":"
\"Charlotte
517 Greenbush Road, Charlotte, VT ~ Amazing property on 5 country acres! Over 3,700 sq. ft. on 3 levels. Large kitchen with island and shiny, black granite countertops, stainless steel appliances, and so many cabinets for storage!<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Single-Family January-June 2022<\/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
$505,050 \t+18.8%
\n<\/td>		 $608,421 \t+21.4%
\n<\/td>		484\t-9.7%
\n<\/td>		659\t-15.4%
\n<\/td>		19\t-38.7%
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t
Condo January-June 2022<\/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
$340,000 \t+21.9%<\/td> $385,790 \t+21.7%
\n<\/td>		313\t+12.2%<\/td>376\t-1.3%<\/td>22\t-35.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Both single-family homes<\/a> and condos<\/a> showed substantial price appreciation in Chittenden County<\/a>. The median sale price of single-family homes rose to $505,050 – a record high. Newly listed properties<\/a> dropped 15.4% to 559. Pending single-family homes in May, an indicator of home sales to come, were flat with last year and showed a 10.2% decline over a 12-month average. Limited choice and slowing buyer<\/a> demand are two contributing factors to this decline.<\/strong><\/p>\n

While condominium options are slightly more plentiful in Chittenden County, new inventory was down 1.3% from 2021 with 376 new listings. Limited inventory continued to put pressure on prices as the median sale price of condominiums appreciated to $340,000, a nearly 22% increase over last year. Higher interest rates, coupled with inflation are slowing cooling demand. It is anticipated that inventory will gradually increase, slowing down price appreciation.<\/p>\n

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

<\/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>MEDIAN SALE PRICE<\/th>VS 2021<\/th>UNITS SOLD<\/th>VS 2021<\/th>NEWLY LISTED<\/th>VS 2021<\/th>Average DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County Single-Family<\/a>
\n<\/td>		$505,050 <\/td>19.0%<\/td>484<\/td>-10.0%<\/td>659<\/td>-15.0%<\/td>19<\/td>\n<\/tr>\n
Bolton<\/a>
\n<\/td>		$700,000 <\/td>150.0%<\/td>1<\/td>-50.0%<\/td>3<\/td>0.0%<\/td>4<\/td>\n<\/tr>\n
Burlington<\/a>
\n<\/td>		$550,000 <\/td>22.2%<\/td>82<\/td>1.2%<\/td>121<\/td>-2.4%<\/td>19<\/td>\n<\/tr>\n
Charlotte<\/a>
\n<\/td>		$767,500 <\/td>21.8%<\/td>16<\/td>-5.9%<\/td>22<\/td>-24.1%<\/td>14<\/td>\n<\/tr>\n
Colchester<\/a>
\n<\/td>		$498,500 <\/td>13.9%<\/td>46<\/td>-14.8%<\/td>55<\/td>-34.5%<\/td>21<\/td>\n<\/tr>\n
Essex<\/a>
\n<\/td>		$447,700 <\/td>24.4%<\/td>83<\/td>5.1%<\/td>89<\/td>-18.4%<\/td>22<\/td>\n<\/tr>\n
Hinesburg<\/a>
\n<\/td>		$630,000 <\/td>38.2%<\/td>17<\/td>21.4%<\/td>34<\/td>61.9%<\/td>9<\/td>\n<\/tr>\n
Huntington<\/a>
\n<\/td>		$350,000 <\/td>-9.6%<\/td>11<\/td>120.0%<\/td>15<\/td>87.5%<\/td>30<\/td>\n<\/tr>\n
Jericho<\/a>
\n<\/td>		$630,000 <\/td>30.5%<\/td>13<\/td>-40.9%<\/td>21<\/td>-38.2%<\/td>15<\/td>\n<\/tr>\n
Milton<\/a>
\n<\/td>		$407,000 <\/td>16.3%<\/td>31<\/td>-32.6%<\/td>41<\/td>-45.3%<\/td>18<\/td>\n<\/tr>\n
Richmond<\/a>
\n<\/td>		$453,600 <\/td>-10.2%<\/td>9<\/td>80.0%<\/td>9<\/td>-43.8%<\/td>8<\/td>\n<\/tr>\n
Shelburne<\/a>
\n<\/td>		$804,000 <\/td>21.8%<\/td>35<\/td>-28.6%<\/td>55<\/td>-1.8%<\/td>25<\/td>\n<\/tr>\n
South Burlington<\/a>
\n<\/td>		$532,500 <\/td>4.5%<\/td>59<\/td>-28.1%<\/td>87<\/td>-21.6%<\/td>22<\/td>\n<\/tr>\n
St. George<\/a>
\n<\/td>		$455,000 <\/td>-17.7%<\/td>1<\/td>-85.7%<\/td>6<\/td>-14.3%<\/td>5<\/td>\n<\/tr>\n
Underhill<\/a>
\n<\/td>		$597,500 <\/td>67.1%<\/td>8<\/td>33.3%<\/td>11<\/td>10.0%<\/td>14<\/td>\n<\/tr>\n
Westford<\/a>
\n<\/td>		$423,000 <\/td>18.5%<\/td>8<\/td>-27.3%<\/td>11<\/td>-21.4%<\/td>11<\/td>\n<\/tr>\n
Williston<\/a>
\n<\/td>		$605,355 <\/td>27.5%<\/td>44<\/td>18.9%<\/td>62<\/td>24.0%<\/td>20<\/td>\n<\/tr>\n
Winooski<\/a>
\n<\/td>		$391,250 <\/td>20.8%<\/td>20<\/td>5.3%<\/td>17<\/td>-39.3%<\/td>9<\/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
<\/th>MEDIAN SALE PRICE<\/th>VS 2021<\/th>UNITS SOLD<\/th>VS 2021<\/th>NEWLY LISTED<\/th>VS 2021<\/th>Average DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County Condo<\/td>$340,000 <\/td>22.00%<\/td>313<\/td>12.00%<\/td>376<\/td>-1.00%<\/td>22<\/td>\n<\/tr>\n
Bolton<\/td>$293,600 <\/td>73.70%<\/td>4<\/td>-20.00%<\/td>4<\/td>0.00%<\/td>5<\/td>\n<\/tr>\n
Burlington<\/td>$395,000 <\/td>41.10%<\/td>54<\/td>22.70%<\/td>81<\/td>44.60%<\/td>14<\/td>\n<\/tr>\n
Colchester<\/td>$340,000 <\/td>30.80%<\/td>37<\/td>5.70%<\/td>40<\/td>-4.80%<\/td>12<\/td>\n<\/tr>\n
Essex<\/td>$320,000 <\/td>43.20%<\/td>56<\/td>-3.50%<\/td>68<\/td>-5.60%<\/td>13<\/td>\n<\/tr>\n
Hinesburg<\/td>$422,500 <\/td>30.90%<\/td>6<\/td>0.00%<\/td>8<\/td>33.30%<\/td>6<\/td>\n<\/tr>\n
Jericho<\/td>$253,000 <\/td>-50.70%<\/td>1<\/td>-66.70%<\/td>1<\/td>-75.00%<\/td>4<\/td>\n<\/tr>\n
Milton<\/td>$270,000 <\/td>11.60%<\/td>9<\/td>-18.20%<\/td>19<\/td>46.20%<\/td>28<\/td>\n<\/tr>\n
Richmond<\/td>$350,000 <\/td>18.00%<\/td>1<\/td>-50.00%<\/td>1<\/td>0.00%<\/td>5<\/td>\n<\/tr>\n
Shelburne<\/td>$390,000 <\/td>1.30%<\/td>7<\/td>-36.40%<\/td>7<\/td>-46.20%<\/td>5<\/td>\n<\/tr>\n
South Burlington<\/td>$330,000 <\/td>6.60%<\/td>93<\/td>32.90%<\/td>99<\/td>-20.20%<\/td>40<\/td>\n<\/tr>\n
Williston<\/td>$400,000 <\/td>8.40%<\/td>35<\/td>52.20%<\/td>37<\/td>42.30%<\/td>11<\/td>\n<\/tr>\n
Winooski<\/td>$332,500 <\/td>15.90%<\/td>10<\/td>11.10%<\/td>11<\/td>-31.30%<\/td>54<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

Both single-family homes and condos showed substantial price appreciation in Chittenden County. The median sale price of single-family homes rose to $505,050 – a record high. Newly listed properties dropped 15.4% to 559. Pending single-family homes in May, an indicator of home sales to come, were flat with last year and showed a 10.2% decline … 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\/3655"}],"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=3655"}],"version-history":[{"count":3,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3655\/revisions"}],"predecessor-version":[{"id":3813,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3655\/revisions\/3813"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=3655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=3655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=3655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}