So, How's the Market?
November 2019
Photo by Mattie Dube
The numbers are in for the Central Vermont real estate market!
| | Active Listings | Under Contract | Avg Sale Price Past 12 Months | # Sales Past 12 Months | Avg Days on Market |
| Barre City | 43 | 10 | $146,769 | 86 | 77 |
| Barre Town | 31 | 13 | $208,982 | 84 | 70 |
| Montpelier | 23 | 10 | $282,451 | 71 | 70 |
| U32 | 50 | 11 | $267,742 | 87 | 99 |
| Northfield/Williamstown | 34 | 22 | $193,320 | 73 | 67 |
October saw plenty of sales across all of our local markets. Interesting to note, the average days on market was very similar in all areas, with the one exception being that homes in the U32 towns have taken a little longer to sell than in other towns. Prices remain strong, though.
| | New Listings Oct 2019 | Sales / Month | Months of Inventory |
| Barre City | 11 | 7.2 | 6.0 |
| Barre Town | 6 | 7.0 | 4.4 |
| Montpelier | 10 | 5.9 | 3.9 |
| U32 | 9 | 7.3 | 6.9 |
| Northfield/Williamstown | 14 | 6.1 | 5.6 |
Those who study residential real estate markets will often refer to an “absorption rate” which is the number of months of inventory in each market. Generally speaking 1-4 months is considered a sellers market, 9-12 is a buyers market, and in the middle is a nice, tasty equilibrium. Which officially makes our local real estate market yummy.
Want to check out a full list of the recent home sales in the Central Vermont market? Keep reading! We have all the juicy details at the end of this blog post.
Screen Time
Next time you’re in downtown Montpelier, take a look at the brand new Green Light Real Estate TV. We’ve got info on new listings, recent sales, current events, even the weather. Plus, you can see all of our smiley faces, which is sure to warm your day!
Congratulations!
Congratulations to Hannah Dawson for passing her broker’s exam and obtaining her broker’s license! That’s a commitment to studying and mastering material, and it shows once again how dedicated she is to providing top tier service to buyers and sellers.
Stop Paying PMI
Photo by Katie Harp
Here’s a quick tip: If you bought a house even two or three years ago, and if you’re paying PMI (private mortgage insurance), you might not actually have to. Here’s why: property values have risen in the past couple of years. Between that appreciation, any improvements you might have done on the house, and the little bit of principal paydown, you might be getting close to having 20% equity.
Call or Email Green Light Real Estate, and we’ll help by completing a detailed, free market valuation. If you’re close, go for it! If not, try again next year. You might be able to save hundreds of dollars each year. Did I mention it’s free? Even if you didn’t work with GLRE when you bought your house. We’re that nice.
People Are Talking About Green Light Real Estate
"In a market like Montpelier with few properties on the market and few that are truly comparable, you need someone like Ray in your corner. Someone who knows the area inside out, who understands what buyers are looking for, and who can give you a sense of the relative desirability of locations and home features. Someone who will help you in the home sale process every small and every big step of the way.
But beyond those basics, with Ray you also get someone who can crunch the numbers, is savvy about negotiating deals, and who will go above and way beyond to make the process easier and more effective for you." (5 Star Review, Peter in Montpelier)
"We are so glad that we followed up on a friend's recommendation to call Green Light Real Estate when we were ready to find our first home! Hannah's initial meeting with us made it clear that she is a great communicator, knowledgeable and client-centered in her role. Hannah listened to what we were looking for and assessed the current market with us as we identified houses we wanted to tour. Hannah's professional opinion and experience were invaluable as we looked at homes. When we finally found THE house, Hannah led us through the offer process with ease. After working with Hannah for just a few months we went from actively looking to having closed on our first home! We are so grateful to have had Hannah's guidance and recommend her as an incredible buyer's agent." (5 Star Review, Montpelier)
"Lauren was quick to respond, very helpful when needed and a pleasure to work with. Everything you look for when you’re making big decisions around home buying or selling." (Five Star Review, Barre)
Stay warm, and we will catch you in December.
In the meantime, call 802-224-6425 or email us to buy, sell or chat real estate!
PS. Want to check out those recent sales?
All Recent Sales (September 2019)
| Town | Address | Sale Price |
| Montpelier | 186 Sherwood Drive | $215,000 |
| Montpelier | 301 River Street | $250,000 |
| Montpelier | 12 Redstone Avenue | $350,000 |
| Montpelier | 28 Sibley Avenue | $371,500 |
| Montpelier | 209 Barre Street #C101 | $130,000 |
| Montpelier | 288 Cityside Drive | $253,750 |
| Montpelier | 1428 Terrace Street | $453,800 |
| Montpelier | 60 Main Street | $900,000 |
| Montpelier | 123 North Street | $366,000 |
| Montpelier | 10 Independence Green | $175,000 |
| Montpelier | 110 Ledgewood Terrace | $399,000 |
| Montpelier | 41 Pleasantview Street | $175,000 |
| Montpelier | 231 Main Street | $277,000 |
| Montpelier | 12 Charles Street | $318,000 |
| Montpelier | 247 Grandview Terrace | $350,000 |
| Barre City | 79 Camp Street | $55,000 |
| Barre City | 26 Cliff Street | $129,500 |
| Barre City | 125 Washington Street | $72,000 |
| Barre City | 71 Brooklyn Street | $105,000 |
| Barre City | 2 Orchard Street | $18,000 |
| Barre City | 8 Cleary Street | $89,000 |
| Barre City | 135 Berlin Street | $118,000 |
| Barre City | 78 Brook Street | $45,000 |
| Barre City | 43 Branch Street | $134,000 |
| Barre City | 16 Myrtle Avenue | $173,610 |
| Barre City | 47 Westwood Parkway | $199,000 |
| Barre City | 111-113 Allen Street | $777,200 |
| Barre City | 84 Smith and 39 Berlin | $562,800 |
| Barre Town | 661 Graniteville Road | $139,000 |
| Barre Town | 17 Chestnut Lane | $273,500 |
| Barre Town | 14 Skylark Terrace | $305,000 |
| Barre Town | 71 Miller Woods | $345,000 |
| Barre Town | 380 East Montpelier Road | $47,800 |
| Barre Town | 889 Drury Hill Road | $157,000 |
| Barre Town | 92 Church Hill Road | $38,760 |
| Barre Town | 15 Garden Street | $181,000 |
| Barre Town | 35 Wildersburg Common | $232,000 |
| Calais | 6979 County Road | $90,000 |
| Calais | 1831 Lightening Ridge Road | $376,000 |
| Calais | 335 George Road | $250,000 |
| Calais | 5235 Route 14 | $149,000 |
| Calais | 91 Blackberry Ridge Road | $180,000 |
| East Montpelier | 949 Cherry Tree Hill Road | $427,500 |
| East Montpelier | 1320 Horn of the Moon Road | $448,000 |
| East Montpelier | 155 Quaker Road | $160,000 |
| Middlesex | 506 East Bear Swamp Road | $355,700 |
| Middlesex | 491 Center Road | $271,000 |
| Middlesex | 239 Macey Road | $190,000 |
| Middlesex | 266 Notch Road | $325,000 |
| Worcester | 9 Worcester Village Road | $150,000 |
| Northfield | 400 Windy Meadow Road | $385,000 |
| Northfield | 571 Route 12N | $225,000 |
| Northfield | 39 Winter Street | $205,000 |
| Northfield | 9 East Street | $251,000 |
| Northfield | 1477 Turkey Hill Road | $390,000 |
| Northfield | 1049 Little Northfield Road | $175,000 |
| Northfield | 768 Route 12N | $85,000 |
| Northfield | 64 Bellmore Road | $410,000 |
| Northfield | 22 Cardinal Lane | $259,000 |
| Williamstown | 1046 Hebert Road | $165,000 |
| Williamstown | 767 Route 14 | $146,500 |
| Williamstown | 144 Soucy Lane | $249,900 |
| Williamstown | 504 Rood Pond Road | $92,500 |
| Williamstown | 1489 Baptist Street | $263,500 |
| Williamstown | 677 Route 14 | $225,000 |
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