{"id":4070,"date":"2023-04-14T11:46:23","date_gmt":"2023-04-14T15:46:23","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4070"},"modified":"2023-04-20T08:59:55","modified_gmt":"2023-04-20T12:59:55","slug":"4070","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2023\/04\/4070\/","title":{"rendered":"Chittenden County Market Results"},"content":{"rendered":"
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Set Above Lake Champlain<\/a>
Nestled in the woods above Lake Champlain, this beautiful Contemporary enjoys stunning views. Beach easement and first floor primary suite. Colchester<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Single-Family Q1 2023<\/th><\/th>\n<\/tr>\n<\/thead>\n
New Listings<\/td>Units Sold<\/td>Median Sold Price<\/td>Days on Market<\/td>\n<\/tr>\n
183 (-24%)<\/td>160 \t(-7.51%)
\n<\/td>		$508K \t(+14%)
\n<\/td>		11\t(+83%)
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t
Condos Q1 2023<\/th><\/th>\n<\/tr>\n<\/thead>\n
New Listings<\/td>Units Sold<\/td>Median Sold Price<\/td>Days on Market<\/td>\n<\/tr>\n
121\t(-6.2%)<\/td>77 (-32%)
\n<\/td>		$351K (+9.14%)
\n<\/td>		5 (+0%)
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

In Chittenden County<\/a>, one of the most populous areas in northwest Vermont<\/a>, the first quarter of 2023 saw a slight decrease in closed sales for single-family homes, with a decline of around 7.5% compared to the same period last year. This is due to the shortage of available inventory, as the number of new listings<\/a> for single-family homes in the county dropped by approximately 24% year-over-year. This lack of inventory has led to increased competition among buyers, leading to higher prices for available properties. Despite these challenges, the real estate market in Chittenden County<\/a> remains strong, with many buyers<\/a> still looking to purchase homes in this desirable area. The demand for homes in good condition, priced in the $450,000 \u2013 $650,000 range seem to be the sweet spot, although most price points are moving quickly. Despite interest rates being significantly higher than the same time last year, we are predicting increased activity in the coming months.<\/p>\n