{"id":4354,"date":"2023-08-02T14:22:25","date_gmt":"2023-08-02T18:22:25","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4354"},"modified":"2023-08-02T14:22:26","modified_gmt":"2023-08-02T18:22:26","slug":"franklin-county-market-results-8","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2023\/08\/franklin-county-market-results-8\/","title":{"rendered":"Franklin County Market Results"},"content":{"rendered":"
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1019 Highland Drive, Montgomery, VT ~ Enjoy all 4 seasons in this secluded Chalet only 6 miles to Jay Peak Resort!.<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Single-Family January-June 2023<\/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
$350,000 +7.7%<\/td>$358,532 +4.0%<\/td>182 -26.9%<\/td>275 -17.2%<\/td>45 +45.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t
Single-Family January-June 2023<\/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
$285,000 +11.8%<\/td>$301,786 -6.3%<\/td>14 -39.1%<\/td>31 +29.2%<\/td>8 -81.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The first half of 2023 saw a decline of 27% in closed sales for single-family homes in Franklin County, compared to the same period last year. Additionally, new listings for single-family homes in the county dropped by 17% year-over-year, contributing to the limited inventory and increased competition among buyers.<\/strong><\/p>\n

Despite the challenges faced by the single-family home market in Franklin County, the median sale price for homes increased by around 8% compared to 2022, demonstrating that demand remains strong in this segment of the market.  Among the counties included in this report, the median price of $350,000 positions Franklin as the most affordable. Not only is it easily accessible to I-89, but Franklin County also a variety of property types such as single family, condos, multi-family, and land for buyers to consider.<\/p>\n

Fairfax, Georgia, Swanton post some of the highest number of sales in the county \u2013 along with an increase in the median sale price, indicating that these areas remain attractive to buyers.<\/p>\n

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\"\"<\/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
<\/th>MEDIAN SALE PRICE<\/th>VS 2022<\/th>UNITS SOLD<\/th>VS 2022<\/th>NEWLY LISTED<\/th>VS 2022<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Franklin County Single-Family<\/td>$350,000 <\/td>7.7%<\/td>182<\/td>-26.9%<\/td>275<\/td>-17.2%<\/td>45<\/td>\n<\/tr>\n
Bakersfield<\/td>$397,000 <\/td>41.3%<\/td>4<\/td>-55.6%<\/td>5<\/td>-16.7%<\/td>22<\/td>\n<\/tr>\n
Berkshire<\/td>$232,250 <\/td>-28.5%<\/td>4<\/td>-60.0%<\/td>4<\/td>-60.0%<\/td>107<\/td>\n<\/tr>\n
Enosburg<\/td>$260,000 <\/td>10.6%<\/td>7<\/td>-46.2%<\/td>14<\/td>-33.3%<\/td>98<\/td>\n<\/tr>\n
Fairfax<\/td>$478,750 <\/td>19.7%<\/td>32<\/td>28.0%<\/td>33<\/td>-5.7%<\/td>21<\/td>\n<\/tr>\n
Fairfield<\/td>$250,000 <\/td>-41.2%<\/td>5<\/td>66.7%<\/td>8<\/td>100.0%<\/td>30<\/td>\n<\/tr>\n
Fletcher<\/td>$625,000 <\/td>30.9%<\/td>1<\/td>-50.0%<\/td>6<\/td>50.0%<\/td>6<\/td>\n<\/tr>\n
Franklin<\/td>$352,000 <\/td>40.5%<\/td>7<\/td>-12.5%<\/td>9<\/td>-50.0%<\/td>133<\/td>\n<\/tr>\n
Georgia<\/td>$444,750 <\/td>9.8%<\/td>14<\/td>-26.3%<\/td>21<\/td>-12.5%<\/td>20<\/td>\n<\/tr>\n
Highgate<\/td>$370,000 <\/td>16.1%<\/td>9<\/td>-50.0%<\/td>21<\/td>-19.2%<\/td>142<\/td>\n<\/tr>\n
Montgomery<\/td>$404,000 <\/td>6.3%<\/td>2<\/td>-84.6%<\/td>8<\/td>-46.7%<\/td>87<\/td>\n<\/tr>\n
Richford<\/td>$190,000 <\/td>-16.5%<\/td>14<\/td>75.0%<\/td>21<\/td>16.7%<\/td>58<\/td>\n<\/tr>\n
Sheldon<\/td>$320,000 <\/td>60.0%<\/td>6<\/td>20.0%<\/td>11<\/td>22.2%<\/td>11<\/td>\n<\/tr>\n
St. Albans<\/td>$340,000 <\/td>-9.3%<\/td>49<\/td>-31.0%<\/td>73<\/td>-15.1%<\/td>22<\/td>\n<\/tr>\n
Swanton<\/td>$305,000 <\/td>6.6%<\/td>28<\/td>-37.8%<\/td>41<\/td>-26.8%<\/td>54<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

The first half of 2023 saw a decline of 27% in closed sales for single-family homes in Franklin County, compared to the same period last year. Additionally, new listings for single-family homes in the county dropped by 17% year-over-year, contributing to the limited inventory and increased competition among buyers. Despite the challenges faced by the … 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":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4354"}],"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=4354"}],"version-history":[{"count":4,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4354\/revisions"}],"predecessor-version":[{"id":4528,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4354\/revisions\/4528"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=4354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=4354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=4354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}