{"id":4121,"date":"2023-04-14T12:38:55","date_gmt":"2023-04-14T16:38:55","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4121"},"modified":"2023-04-20T13:02:21","modified_gmt":"2023-04-20T17:02:21","slug":"4121","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2023\/04\/4121\/","title":{"rendered":"Franklin County Market Results"},"content":{"rendered":"
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Beautiful Contemporary Home<\/a>
Located on a beautiful 1-acre parcel across from Lake Champlain, this contemporary home enjoys stunning western views of Lake Champlain and the Adirondack Mountains<\/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
97 (-12%)<\/td>73 (-28%)
\n<\/td>		$319K (+8.14%)
\n<\/td>		16\t(-11%)
\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
7 (-36%)<\/td>2 (-82%)
\n<\/td>		$298K (+8.18%)
\n<\/td>		15 (+7.14%)
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n

The first quarter of 2023 saw a decline of approximately 27% in closed sales for single-family homes in Franklin County<\/a>, compared to the same period last year. Additionally, new listings<\/a> for single-family homes in the county dropped by around 12% year-over-year, contributing to the limited inventory and increased competition among buyers. Days on the market for all single-family homes decreased to just 47 days during this period, suggesting that the market is moving quickly and homes are selling<\/a> at a relatively fast pace.<\/p>\n

Despite the challenges faced by the single-family home market in Franklin County<\/a>, the median sold price for homes increased by around 8% compared to the first quarter of 2022, demonstrating that demand remains strong in this segment of the market.<\/p>\n

The condo market in Franklin County<\/a> was slow, with only two condo sales reported in the first quarter of 2023.<\/p>\n

Fairfax<\/a>, St. Albans Town<\/a>, and Swanton<\/a> were the towns in Franklin County with the highest number of sales in the first quarter of 2023, indicating that these areas remain attractive to buyers<\/a>.<\/p>\n

 <\/p>\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\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\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>NEW LISTINGS<\/th>VS 2022<\/th>UNITS SOLD<\/th>VS 2022<\/th>MEDIAN SOLD PRICE<\/th>VS 2022<\/th>MEDIAN DOM<\/th>\n<\/tr>\n<\/thead>\n
Bakersfield<\/a><\/td>3<\/td>200%\u00a0<\/td>1<\/td>-80%\u00a0<\/td>$319 K<\/td>52%\u00a0<\/td>79<\/td>\n<\/tr>\n
Single Family<\/td>3<\/td>200%\u00a0<\/td>1<\/td>-80%\u00a0<\/td>$319 K<\/td>52%\u00a0<\/td>79<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Berkshire<\/a>
\n<\/td>		2<\/td>-60%\u00a0<\/td>3<\/td>-40%\u00a0<\/td>$189 K<\/td>-60%\u00a0<\/td>59<\/td>\n<\/tr>\n
Single Family<\/td>2<\/td>-60%\u00a0<\/td>3<\/td>-40%\u00a0<\/td>$189 K<\/td>-60%\u00a0<\/td>59<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Enosburg<\/a>
\n<\/td>		4<\/td>33%\u00a0<\/td>4<\/td>100%\u00a0<\/td>$106 K<\/td>-54%\u00a0<\/td>148<\/td>\n<\/tr>\n
Single Family<\/td>4<\/td>33%\u00a0<\/td>4<\/td>100%\u00a0<\/td>$106 K<\/td>-54%\u00a0<\/td>148<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Fairfax<\/a>
\n<\/td>		14<\/td>-18%\u00a0<\/td>12<\/td>33%\u00a0<\/td>$444 K<\/td>48%\u00a0<\/td>39<\/td>\n<\/tr>\n
Single Family<\/td>13<\/td>-24%\u00a0<\/td>11<\/td>22%\u00a0<\/td>$460 K<\/td>53%\u00a0<\/td>52<\/td>\n<\/tr>\n
Condo<\/td>1<\/td><\/td>1<\/td><\/td>$265 K<\/td><\/td>26<\/td>\n<\/tr>\n
Fairfield<\/a>
\n<\/td>		3<\/td>50%\u00a0<\/td>3<\/td>50%\u00a0<\/td>$250 K<\/td>-23%\u00a0<\/td>11<\/td>\n<\/tr>\n
Single Family<\/td>3<\/td>50%\u00a0<\/td>3<\/td>50%\u00a0<\/td>$250 K<\/td>-23%\u00a0<\/td>11<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Fletcher<\/a>
\n<\/td>		1<\/td>-50%\u00a0<\/td>1<\/td>0.00%\u00a0<\/td>$625 K<\/td>18%\u00a0<\/td>6<\/td>\n<\/tr>\n
Single Family<\/td>1<\/td>-50%\u00a0<\/td>1<\/td>0.00%\u00a0<\/td>$625 K<\/td>18%\u00a0<\/td>6<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Franklin<\/a>
\n<\/td>		5<\/td>-29%\u00a0<\/td>3<\/td>-25%\u00a0<\/td>$516 K<\/td>133%\u00a0<\/td>11<\/td>\n<\/tr>\n
Single Family<\/td>5<\/td>-29%\u00a0<\/td>3<\/td>-25%\u00a0<\/td>$516 K<\/td>133%\u00a0<\/td>11<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Georgia<\/a>
\n<\/td>		2<\/td>-50%\u00a0<\/td>7<\/td>-30%\u00a0<\/td>$505 K<\/td>32%\u00a0<\/td>10<\/td>\n<\/tr>\n
Single Family<\/td>2<\/td>-50%\u00a0<\/td>7<\/td>-30%\u00a0<\/td>$505 K<\/td>32%\u00a0<\/td>10<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Highgate<\/a>
\n<\/td>		11<\/td>22%\u00a0<\/td>3<\/td>50%\u00a0<\/td>$320 K<\/td>-12%\u00a0<\/td>4<\/td>\n<\/tr>\n
Single Family<\/td>11<\/td>22%\u00a0<\/td>3<\/td>50%\u00a0<\/td>$320 K<\/td>-12%\u00a0<\/td>4<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Richford<\/a>
\n<\/td>		7<\/td>17%\u00a0<\/td>7<\/td>133%\u00a0<\/td>$164 K<\/td>-32%\u00a0<\/td>90<\/td>\n<\/tr>\n
Single Family<\/td>7<\/td>17%\u00a0<\/td>7<\/td>133%\u00a0<\/td>$164 K<\/td>-32%\u00a0<\/td>90<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Sheldon<\/a>
\n<\/td>		5<\/td>150%\u00a0<\/td>4<\/td>300%\u00a0<\/td>$305 K<\/td>0.99%\u00a0<\/td>3<\/td>\n<\/tr>\n
Single Family<\/td>3<\/td>50%\u00a0<\/td>4<\/td>300%\u00a0<\/td>$305 K<\/td>0.99%\u00a0<\/td>3<\/td>\n<\/tr>\n
Condo<\/td>2<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
St. Albans<\/a> City<\/td>9<\/td>-47%\u00a0<\/td>8<\/td>-62%\u00a0<\/td>$314 K<\/td>14%\u00a0<\/td>6<\/td>\n<\/tr>\n
Single Family<\/td>8<\/td>-47%\u00a0<\/td>8<\/td>-58%\u00a0<\/td>$314 K<\/td>13%\u00a0<\/td>6<\/td>\n<\/tr>\n
Condo<\/td>1<\/td>-50%\u00a0<\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Swanton<\/a>
\n<\/td>		16<\/td>-36%\u00a0<\/td>10<\/td>-50%\u00a0<\/td>$308 K<\/td>-17%\u00a0<\/td>7<\/td>\n<\/tr>\n
Single Family<\/td>13<\/td>-19%\u00a0<\/td>9<\/td>-18%\u00a0<\/td>$286 K<\/td>-32%\u00a0<\/td>8<\/td>\n<\/tr>\n
Condo<\/td>3<\/td>-67%\u00a0<\/td>1<\/td>-89%\u00a0<\/td>$330 K<\/td>6.45%\u00a0<\/td>5<\/td>\n<\/tr>\n
Swanton<\/b><\/td>19<\/td>27%\u00a0<\/td>9<\/td>-55%\u00a0<\/td>$266 K<\/td>-5.52%\u00a0<\/td>44<\/td>\n<\/tr>\n
Single Family<\/td>19<\/td>27%\u00a0<\/td>9<\/td>-55%\u00a0<\/td>$266 K<\/td>-5.52%\u00a0<\/td>44<\/td>\n<\/tr>\n
Condo<\/td>0<\/td><\/td>0<\/td><\/td>$0<\/td><\/td>0<\/td>\n<\/tr>\n
Total<\/b><\/td>104<\/td>-14%\u00a0<\/td>75<\/td>-33%\u00a0<\/td>$319 K<\/td>8.15%\u00a0<\/td>16<\/td>\n<\/tr>\n
Single Family<\/td>97<\/td>-12%\u00a0<\/td>73<\/td>-28%\u00a0<\/td>$319 K<\/td>8.14%\u00a0<\/td>16<\/td>\n<\/tr>\n
Condo<\/td>7<\/td>-36%\u00a0<\/td>2<\/td>-82%\u00a0<\/td>$298 K<\/td>8.18%\u00a0<\/td>15<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n