{"id":698,"date":"2016-04-26T12:56:50","date_gmt":"2016-04-26T16:56:50","guid":{"rendered":"http:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=698"},"modified":"2022-11-05T14:16:33","modified_gmt":"2022-11-05T18:16:33","slug":"addison-county","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2016\/04\/addison-county\/","title":{"rendered":"Addison County"},"content":{"rendered":"
\"Addison
Breathtaking westerly setting on 239 feet of lake front<\/a> MLS# 4337473<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
County Averages<\/th><\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$194,050 (-8.7%)<\/td>62 (+10.7%)<\/td>147 (-2.6%)<\/td>169<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"Addison<\/p>\n

After a strong 2015 when sales and pricing demonstrated strength, Addison County witnessed a somewhat more mixed first-quarter. Property demand remained robust, although the median sales price slipped by 8.7% during the first three months of the year. Because the first three months of the year represent the slowest period for real estate sales, a few transactions can have an overly large influence on the entire county\u2019s market.<\/strong><\/p>\n

Addison County<\/a> is drawing more buyers thanks to record low mortgage rates and declining prices at the gas pump, which is making the county more attractive to professionals willing to commute.<\/p>\n

\n

\"Addison<\/p>\n

Demand For Ferrisburgh and Middlebury Homes<\/h3>\n

While Middlebury<\/a> is traditionally one of the busiest real estate markets in Addison County Ferrisburgh <\/a>caught up in the first quarter. Both towns recorded 9 residential sales during the quarter, making them the county\u2019s most active real estate markets during the period.<\/p>\n

Local Employers are Hiring<\/h3>\n

Institutions such as Middlebury College and Vermont Hard Cider are adding new employees, helping to draw more buyers into the market.<\/p>\n

Shift to Lower-Priced Inventory<\/h3>\n

During the winter months, homebuyers<\/a> sought out homes at lower price points, shifting the market toward the below-$200,000 range.<\/p>\n

Search for Land<\/h3>\n

Demand for lots doubled in the first quarter, driven by professionals and retirees interested in building their own custom homes on property in the county.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a strong 2015 when sales and pricing demonstrated strength, Addison County witnessed a somewhat more mixed first-quarter. Property demand remained robust, although the median sales price slipped by 8.7% during the first three months of the year. Because the first three months of the year represent the slowest period for real estate sales, a … 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":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/698"}],"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=698"}],"version-history":[{"count":11,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/698\/revisions"}],"predecessor-version":[{"id":3828,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/698\/revisions\/3828"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}