Northwestern Vermont Real Estate Market Update | August 2014

Happy Friday! It was 34 degrees this morning, the leaves are changing, and it isn’t even officially Fall yet!  Fall officially arrives on Tuesday September 23rd.  Time for apple picking, corn mazes, hot cider, and bonfires!

adam_august_2014_market_update

Here at The Adam Hergenrother Team, we just completed our month-end analysis of the Northwestern Vermont real estate market where we compared year-over-year sales.  Click on the video above or check out the infographics below for the details.

 

AUGUST Monthly Market Stats 1

The market in Northwestern Vermont has held steady over the past year.  Now is still a great time to buy, but before you begin house hunting, get pre-approved so sellers will take your offer seriously in this competitive, multiple offer market.   Just let us know what you are looking for and we’ll start watching for listings before they even hit the market.

Are you ready to sell?  If you plan to sell your home, now is the time.  Our team would be happy to set up a complimentary market analysis and advise you on how to stage and prepare your home for sale.  Email us the details of your home to get started!

We would love to help you find opportunities that meet your real estate goals, or answer any of your real estate questions.

 

The Adam Hergenrother Team | 802.488.3488 | AHTeam@AdamHergenrother.com 

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Northwestern Vermont Real Estate Market Update – September 15, 2014

canoe_water_natureChittenden:

1,062 Active
200 Pending
1,189 Closed (year to date)                                                  Closed (year-to-date 2013):   1,274

Median Sale Price (Residential year-to-date) = $260,350                     2013: $257,450
Average Sale Price (Residential year-to-date) = $292,912                   2013: $293,434
Average Days on Market (Residential year-to-date) =79                      2013: 88

Multi-Family Active – 60                                Land Active – 171
Multi-Family Pending – 13                            Land Pending – 11

Franklin:

575 Active
67 Pending
339 Closed (year to date)                                                        Closed (year-to-date 2013):  329

Median Sale Price (Residential year-to-date) = $185,500                      2013: $189,900
Average Sale Price (Residential year-to-date) = $198,546                    2013: $194,825
Average Days on Market (Residential for year-to-date) =118                2013: 135

Multi-Family Active –27                                 Land Active – 133
Multi-Family Pending – 5                              Land Pending – 5

Grand Isle:

208 Active
14 Pending
73 Closed (year to date)                                                       Closed (year-to-date 2013):    79

Median Sale Price (Residential year-to-date) = $233,000                   2013: $220,000
Average Sale Price (Residential year-to-date) = $277,706                 2013: $283,039
Average Days on Market (Residential year-to-date) = 183                 2013: 174

Multi-Family Active –5                                   Land Active – 89
Multi-Family Pending – 0                              Land Pending – 2

photo 12 (Large)

Northwestern Vermont Real Estate Market Update | September 8, 2014

photo 12 (Large)Chittenden:

1,052 Active
182 Pending
1,169 Closed (year to date)                                                      Closed (year-to-date 2013):   1,240

Median Sale Price (Residential year-to-date) = $260,000                          2013: $257,200
Average Sale Price (Residential year-to-date) = $293,212                        2013: $293,275
Average Days on Market (Residential year-to-date) =80                           2013: 86

Multi-Family Active – 57                                Land Active – 172
Multi-Family Pending – 12                            Land Pending – 10

 

Franklin:

566 Active
67 Pending
325 Closed (year to date)                                                        Closed (year-to-date 2013):  310

Median Sale Price (Residential year-to-date) = $186,000                         2013: $189,450
Average Sale Price (Residential year-to-date) = $199,303                       2013: $194,665
Average Days on Market (Residential for year-to-date) =114                   2013: 132

Multi-Family Active –28                                 Land Active – 132
Multi-Family Pending – 5                              Land Pending – 6

 

 
Grand Isle:

 
210 Active
16 Pending
70 Closed (year to date)                                                        Closed (year-to-date 2013):    78

 
Median Sale Price (Residential year-to-date) = $234,000                     2013: $219,750
Average Sale Price (Residential year-to-date) = $276,108                   2013: $279,488
Average Days on Market (Residential year-to-date) = 186                   2013: 176

Multi-Family Active –5                                   Land Active – 80
Multi-Family Pending – 0                              Land Pending – 3

 

Northwestern Vermont Real Estate Market Update – September 1, 2014

DSCN8689

Chittenden:

1,061 Active
189 Pending
1,133 Closed (year to date)                                                        Closed (year-to-date 2013):   1,211

Median Sale Price (Residential year-to-date) = $259,500                            2013: $257,500
Average Sale Price (Residential year-to-date) = $292,039                          2013: $294,651
Average Days on Market (Residential year-to-date) =80                             2013: 87

Multi-Family Active – 55                                Land Active – 170
Multi-Family Pending –9                               Land Pending – 10

 

Franklin:

563 Active
71 Pending
314 Closed (year to date)                                                             Closed (year-to-date 2013):  302

Median Sale Price (Residential year-to-date) = $185,750                                2013: $189,900
Average Sale Price (Residential year-to-date) = $199,058                              2013: $195,764
Average Days on Market (Residential for year-to-date) =114                          2013: 131

Multi-Family Active –28                                 Land Active – 131
Multi-Family Pending – 5                              Land Pending – 6

 

Grand Isle:

213 Active
18 Pending
68 Closed (year to date)                                                               Closed (year-to-date 2013):    74

Median Sale Price (Residential year-to-date) = $234,000                                2013: $222,500
Average Sale Price (Residential year-to-date) = $275,147                              2013: $285,441
Average Days on Market (Residential year-to-date) = 190                              2013: 177

Multi-Family Active –5                                   Land Active – 80
Multi-Family Pending –1                               Land Pending – 3

Realtor Michael Allen Joins Team as Showing Partner

Michael Allen Headshot

Please join us in welcoming Realtor, Michael Allen, to The Adam Hergenrother Team at KW Vermont.  Michael will be working with our Buyer’s Division as Showing Partner.

Michael is a lifelong resident of the Burlington area, having lived most of his life in Burlington and Winooski. Michael knows the area very well, and loves it! He has traveled around quite a bit, and enjoys seeing new places, yet when away from Vermont he yearns to be home. Michael earned his real estate license in 2004, and has had the privilege of helping buyers, sellers, and investors reach their Real Estate goals. His greatest satisfaction comes from seeing his clients reach their desired results, and knowing they are happy and totally satisfied. Michael cherishes time with his wife and infant son, being active in his Church, getting outdoors, and racing sailboats on Lake Champlain.

Contact Michael at michael@adamhergenrother.com or 802.488.3415.

New Listing! Historic Victorian Duplex in Burlington

DSCN8592New Listing | 188-190 North Union Street, Burlington, VT 05401

Historic Victorian with 2 units and 6 bedrooms total within walking distance to Church Street, UVM, Champlain College and Lake Champlain! 2 1/2 stories with 2 covered porches and back deck. Room for expansion in partially finished attic. Detached 32 x 23 barn/garage with 2nd floor storage. Solid rental history and well maintained. Great opportunity to become a Burlington landlord where the rental market is in your favor!

Call (802) 488-3488 to schedule an appointment today!

Please click here for further information regarding this property.

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Northwestern Vermont Real Estate Market Update – August 25, 2014

DSCN8352
Chittenden:

1,060 Active
189 Pending
1,095 Closed (year to date)                                                        Closed (year-to-date 2013):   1,154

Median Sale Price (Residential year-to-date) = $259,900                                2013: $257,450
Average Sale Price (Residential year-to-date) = $292,645                              2013: $294,886
Average Days on Market (Residential year-to-date) =80                                 2013: 87

Multi-Family Active – 57                                Land Active – 177
Multi-Family Pending –13                             Land Pending – 10

 

Franklin:

577 Active
73 Pending
301 Closed (year to date)                                                            Closed (year-to-date 2013):  279

Median Sale Price (Residential year-to-date) = $185,470                                2013: $190,000
Average Sale Price (Residential year-to-date) = $199,397                              2013: $198,202
Average Days on Market (Residential for year-to-date) =114                          2013: 134

Multi-Family Active –30                                 Land Active – 136
Multi-Family Pending – 6                              Land Pending – 4

 

Grand Isle:

217 Active
16 Pending
66 Closed (year to date)                                                              Closed (year-to-date 2013):    68

Median Sale Price (Residential year-to-date) = $236,500                                2013: $233,000
Average Sale Price (Residential year-to-date) = $276,865                              2013: $294,819
Average Days on Market (Residential year-to-date) = 193                              2013: 179

Multi-Family Active –5                                   Land Active – 84
Multi-Family Pending –1                               Land Pending – 7