{"id":3686,"date":"2022-07-22T14:01:32","date_gmt":"2022-07-22T18:01:32","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=3686"},"modified":"2022-10-31T15:31:35","modified_gmt":"2022-10-31T19:31:35","slug":"land-market-results-3","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2022\/07\/land-market-results-3\/","title":{"rendered":"Land Market Results"},"content":{"rendered":"

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This increase in demand absorbed some property that had been on the market for a while and encouraged land owners to list. That surge has subsided in 2022 with a 14% decrease in properties coming to market and a 27% decrease in sales.<\/span><\/strong><\/p>\n<\/div>\n\n\n\n\n\t\n\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>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Northwest Vermont<\/a><\/td>$147,000 <\/td>54.7%<\/td>127<\/td>-27.4%<\/td>189<\/td>-14.1%<\/td>159<\/td>\n<\/tr>\n
Chittenden County<\/a><\/td>$230,000 <\/td>32.8%<\/td>37<\/td>-22.9%<\/td>64<\/td>16.4%<\/td>137<\/td>\n<\/tr>\n
Addison County<\/a><\/td>$136,000 <\/td>46.2%<\/td>45<\/td>-11.8%<\/td>$42<\/td>-36.4%<\/td>210<\/td>\n<\/tr>\n
Franklin County<\/a><\/td>$99,000 <\/td>62.3%<\/td>29<\/td>-48.2%<\/td>$59<\/td>-19.2%<\/td>132<\/td>\n<\/tr>\n
<\/td>$90,375 <\/td>0.4%<\/td>16<\/td>-20.0%<\/td>24<\/td>-7.7%<\/td>116<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

New Construction<\/h2>\n

While there is still an appetite for homeowners to consider building their custom home, some builders may not be able to start the project for 2 – 3 years. This is affecting some land sales where land gains tax may be a factor in the event a primary residence is not completed within the prescribed timeframe.
\nA number of Developers have projects in the pipeline for late 2022 and 2023, which will provide much needed single-family and condominium inventory to the market. Still, more building is needed to satisfy demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

This increase in demand absorbed some property that had been on the market for a while and encouraged land owners to list. That surge has subsided in 2022 with a 14% decrease in properties coming to market and a 27% decrease in sales. New Construction While there is still an appetite for homeowners to consider … 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":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3686"}],"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=3686"}],"version-history":[{"count":8,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3686\/revisions"}],"predecessor-version":[{"id":3760,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3686\/revisions\/3760"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=3686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=3686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=3686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}