{"id":900,"date":"2016-10-25T14:16:51","date_gmt":"2016-10-25T18:16:51","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=900"},"modified":"2022-11-06T09:38:21","modified_gmt":"2022-11-06T14:38:21","slug":"chittenden-county-continues-to-see-strong-demand-from-home-buyers","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2016\/10\/chittenden-county-continues-to-see-strong-demand-from-home-buyers\/","title":{"rendered":"Chittenden County Continues to See Strong Demand from Home Buyers"},"content":{"rendered":"
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All of the right upgrades have been made in this lovely home offering a gourmet kitchen, master suite! Jericho | MLS# 4602724<\/a><\/figcaption><\/figure>\n

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County Averages<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Units Sold:<\/td>Days on Market:<\/td>\n<\/tr>\n
$275,750 (+4%)<\/td>1404 (0%)<\/td>129 (-9%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/strong><\/p>\n


\n\"Chittenden-County-Median-Price\"The residential property market in Chittenden County continues to see strong demand from home buyers, including first-time home purchasers and luxury<\/a> buyers on the hunt for lakefront or mountain-view estates.
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A stronger economy is prompting employers such as The University of Vermont Medical Center and Allscripts to hire employees within Chittenden County<\/a>. That\u2019s bringing more out-of-state buyers into the market, and providing local residents with the financial stability to either consider making the jump from renting to home-buying or moving into a new home.<\/p>\n

Inventory: The Good and The Bad<\/h3>\n

Inventory levels remain the chief issue for homebuyers<\/a>, with the number of new listings declining by 8.3% from a year ago. Finding desirable homes in mid-range prices can be especially tough, although buyers looking for executive-level homes and luxury estates<\/a> will have more choices. The county has about 7 months of available inventory, down from 9 months a year earlier.<\/p>\n

Affordability: A Top Concern<\/h3>\n

Buyers on the hunt for properties below $400,000, considered the sweet spot in Chittenden County<\/a>, may struggle because of a lack of choices, especially in sought-after neighborhoods. As a result, our Realtors are finding that attractively priced homes in good condition may receive multiple offers and sell quickly. Depending on a buyer\u2019s price range and desired location, some house-hunters may need to consider homes that need some work, or search for properties in towns and counties with more affordable prices.<\/p>\n

Burlington<\/h3>\n