{"id":922,"date":"2016-10-25T14:16:28","date_gmt":"2016-10-25T18:16:28","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=922"},"modified":"2022-11-06T09:43:24","modified_gmt":"2022-11-06T14:43:24","slug":"grand-isle-lands-sales-are-a-bright-spot","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2016\/10\/grand-isle-lands-sales-are-a-bright-spot\/","title":{"rendered":"Grand Isle Lands Sales are a Bright Spot"},"content":{"rendered":"<figure id=\"attachment_923\" aria-describedby=\"caption-attachment-923\" style=\"width: 1586px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-923 size-full\" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-Fall2016.jpg\" alt=\"\" width=\"1596\" height=\"458\" srcset=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-Fall2016.jpg 1596w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-Fall2016-300x86.jpg 300w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-Fall2016-1024x294.jpg 1024w\" sizes=\"(max-width: 1596px) 100vw, 1596px\" \/><figcaption id=\"caption-attachment-923\" class=\"wp-caption-text\">3-level Contemporary style home in quiet country setting on the historic Island of Isle LaMotte. MLS# 4516670<\/figcaption><\/figure>\n\n<table id=\"tablepress-46\" class=\"tablepress tablepress-id-46 market_averages tablepress-responsive\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">County Averages<\/th><th class=\"column-2\"><\/th><th class=\"column-3\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Median Sale Price:<\/td><td class=\"column-2\">Units Sold:<\/td><td class=\"column-3\">Days on Market:<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">$204,900 (+7%)<\/td><td class=\"column-2\">461 (+22%)<\/td><td class=\"column-3\">165 (-9%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-46 from cache -->\n<p><img loading=\"lazy\" decoding=\"async\" class=\"  alignright wp-image-924 \" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Median-Sale-Price.jpg\" alt=\"\" width=\"465\" height=\"412\" \/><strong>The residential property market in Grand Isle County tends to split between high-end <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/waterfront-real-estate-vermont.html\">waterfront properties<\/a> and mid-priced residential homes.\u00a0<\/strong><\/p>\n<p>Our Realtors have noted a slow-down in demand through the summer and into early fall, which could be due to a number of factors.<\/p>\n<p>Because <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/grand-isle-county.html\">Grand Isle is the smallest real estate market<\/a> in <a href=\"https:\/\/www.hickokandboardman.com\/vermont-property-search-results\/status_active_active-with-contract\/advanced.html\">Northwest Vermont<\/a>, a handful of transactions may have a large impact on the county\u2019s pricing and demand trends.<\/p>\n<hr \/>\n<h3>Inventory Levels<\/h3>\n<ul>\n<li>The county has 20 months of available inventory, slightly more than a year earlier.<\/li>\n<li>More than 300 properties remained on the market in the third quarter, a slight increase from a year-earlier.<\/li>\n<li><a href=\"https:\/\/www.hickokandboardman.com\/realtors.html\">Our Realtors<\/a> noted that sales slowed in the summer and early fall, possibly because of the water issues.<\/li>\n<\/ul>\n<h3>Luxury Sales<\/h3>\n<ul>\n<li>The county has recorded only one luxury sale this year, an $815,000 waterfront property with views of the islands and Green Mountains.<\/li>\n<li>Demand for <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/luxury-homes-sale-grand-isle-county.html\">higher-end properties<\/a> may have been hurt by the water quality issues noted above.<\/li>\n<\/ul>\n<h3>Land Sales: A Bright Spot<\/h3>\n<ul>\n<li>Seventeen <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/land-sale-grand-isle-county.html\">land<\/a> sales were recorded in the first 9 months of 2016, an increase of 89% from a year earlier. The median sales price rose 22% to $73,333. Some buyers are opting to purchase lots and construct custom-built homes, rather than searching for pre-existing inventory.<\/li>\n<\/ul>\n<h3>Lake Quality Concerns<\/h3>\n<ul>\n<li>Some areas of the <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/grand-isle-county.html\">islands<\/a>, such as <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/grand-isle-county\/alburgh-real-estate.html\">Alburgh<\/a>, have been on alert for blue-green algae, according to the Vermont Department of Health. Algae can develop quickly into large blooms, which can be harmful to pets.<\/li>\n<li>After a dry summer, the water level in<a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/homes-sale-lake-champlain.html\"> Lake Champlain<\/a> has dropped a foot below normal, which has land-locked some docks, according to the Burlington Free Press. The current water level is the lowest since 2001.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-925\" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-by-town-Fall2016.jpg\" alt=\"CBHB_Oct2016.indd\" width=\"975\" height=\"370\" srcset=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-by-town-Fall2016.jpg 975w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2016\/10\/Grand-Isle-Real-Estate-by-town-Fall2016-300x114.jpg 300w\" sizes=\"(max-width: 975px) 100vw, 975px\" \/><\/p>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>The residential property market in Grand Isle County tends to split between high-end waterfront properties and mid-priced residential homes.\u00a0 Our Realtors have noted a slow-down in demand through the summer and into early fall, which could be due to a number of factors. Because Grand Isle is the smallest real estate market in Northwest Vermont, &#8230; <a class=\"read-more\" href=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2016\/10\/grand-isle-lands-sales-are-a-bright-spot\/\">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":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/922"}],"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=922"}],"version-history":[{"count":4,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/922\/revisions"}],"predecessor-version":[{"id":3851,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/922\/revisions\/3851"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}