Snapshot: Come on, are there really 115 houses for sale in Barre City? And with 82 sales over the past 12 months (which is a lot of sales), that’s 15 months worth of inventory. If you’re a buyer, you know you can get a great house at a good price. If you’re a seller, you know that you got that great house at a good price when you bought it. And people are buying. Of the eleven houses under deposit, Green Light Real Estate has three of them. Not a bad market share…
Totals
| Active | New March 2015 | Under Contract | Closed March 2015 | Closed Last 12 Months | |
| Barre City | 115 | 16 | 11 | 3 | 82 |
| Barre Town | 62 | 15 | 13 | 9 | 97 |
| Montpelier | 54 | 12 | 8 | 8 | 75 |
| U32 | 48 | 7 | 10 | 1 | 70 |
| Northfield | 60 | 5 | 8 | 5 | 45 |
| 339 | 55 | 50 | 26 | 369 |
Sale Price: Well, nothing super exciting, except a nice, steady, 3.5% increase in average sale price across the market here in Central Vermont. That’s fine with us. We’ll seek our excitement elsewhere.
March 13-March 14March 14- March 15% ChangeBarre CityBarre TownMontpelierU32NorthfieldAverage
| $125,135 | $120,802 | -3.46% |
| $191,596 | $182,029 | -4.99% |
| $218,956 | $233,125 | 6.47% |
| $222,454 | $248,273 | 11.61% |
| $157,569 | $169,811 | 7.77% |
| $182,528 | $188,915 | 3.50% |
Tech Edge Conference:
The National Association of Realtors (NAR) hosted this conference at the end of March in Burlington. It was a day of national speakers, thought leaders, and local and national experts in both real estate and technology. Every member of Green Light Real Estate attended, and we came away with great ideas, exciting apps, and even more energy.
A lot can change in a few weeks. We went from cold and covered in snow to snow and covered with mud. There are a couple of fun videos of mud season driving on our YouTube channel and our Facebook page, if you’re into that sort of thing.
We’re excited to introduce two new Green Light Real Estate agents--Brian and Marina
Brian Steinmetz has joined Green Light Real Estate as an agent, and we are psyched! His background in video and photography are major assets to our clients, plus he tells good jokes. Brian and his wife, Nikki, live in Montpelier with their two year-old daughter, Zara.
And, honestly, if you’re looking for a motivated real estate agent, it’s tough to beat the one with a two year-old daughter.
Marina Carleton has joined Green Light Real Estate as an agent, and it’s about time. Marina has a world of diverse experiences. What makes her a great real estate agent are the same things that made her great at everything else--she listens, asks questions, is reflective, and cares.
And you know how sometimes you want someone on your side who just kind of “gets it”? Where it’s direct, and there’s no BS? That’s Marina.
Trending in Montpelier/Barre Real Estate
Homes are starting to sell FAST. As in, lasting only a couple days on the market in some
cases. This isn’t happening all of the time, but there is a growing population of buyers who are making quick decisions, trying to beat other buyers to get the house they want. TIP: Get pre-approved, and then get looking at houses. Don’t wait two weeks to set up the second showing.
Escrow times are starting to get a little slower. Yeah, so there’s the rush and excitement of the offer and the negotiation. And then things slow down. Inspectors and appraisers are getting booked 7-10 days out. Make sure you have a realistic time frame for getting the inspection done, and for scheduling the actual closing. Hmmm...this seems like something that a good Realtor would be able to help with…
Sellers are making their houses even easier to buy than ever. They’re getting estimates on bigger projects (and sharing the estimates with buyers). They’re going through appraisal guidelines to make sure there that all the small repairs are done, and buyers will be able to get their loan. Yes, interesting side note--the house has to meet value, but for most loans, it also has to meet a number of safety / repair / finish standards.
March Sales--You Know You're Curious!
TownAddressOriginal ListFinal ListFinal to OriginalSelling PriceSale to Final ListDOM
| Barre City | 26 Berlin Street | 129,900 | $89,900 | 69% | 74,000 | 82% | 459 |
| Barre City | 36 Berlin Street | 107,560 | $20,000 | 19% | 20,000 | 100% | 499 |
| Barre City | 20 Garfield Ave | 114,500 | $89,900 | 79% | 76,000 | 85% | 272 |
| Barre Town | 26 Meadowcrest Lane | 165,000 | $149,000 | 90% | 134,400 | 90% | 117 |
| Barre Town | 38 Middle Road | 175,000 | $175,000 | 100% | 167,144 | 96% | 113 |
| Barre Town | 91 Waterman Street | 189,900 | $189,900 | 100% | 176,000 | 93% | 28 |
| Barre Town | 349 East Montpelier Road | 193,000 | $193,000 | 100% | 187,000 | 97% | 148 |
| Barre Town | 64 Miller Road Extension | 225,000 | $225,000 | 100% | 215,000 | 96% | 18 |
| Barre Town | 303 Camp Street | 275,000 | $250,000 | 91% | 238,000 | 95% | 111 |
| Barre Town | Lot #2 Cummings Road | 289,900 | $289,900 | 100% | 381,573 | 132% | 172 |
| Barre Town | 311 Beckley Hill Road | 335,000 | $319,000 | 95% | 300,000 | 94% | 151 |
| Barre Town | 40 Phelps Road | 330,000 | $319,900 | 97% | 300,000 | 94% | 217 |
| Montpelier | 77 Hill Street | 174,000 | $165,000 | 95% | 155,000 | 94% | 126 |
| Montpelier | 9 Pearl Street | 185,000 | $174,700 | 94% | 160,000 | 92% | 106 |
| Montpelier | 179 River Street | 225,000 | $225,000 | 100% | 208,000 | 92% | 187 |
| Montpelier | 64 Terrace Street | 269,000 | $269,000 | 100% | 270,000 | 100% | 7 |
| Montpelier | 2 North Park Drive | 352,000 | $297,000 | 84% | 295,500 | 99% | 631 |
| Montpelier | 2 Summer Street | 471,500 | $359,000 | 76% | 340,000 | 95% | 668 |
| Montpelier | 56 Independence Green | 155,000 | $155,000 | 100% | 152,500 | 98% | 14 |
| Montpelier | 330 Cityside Drive #74 | 320,000 | $320,000 | 100% | 280,000 | 88% | 39 |
| Berlin | 99 Hideaway Drive #16 | 239,800 | $230,000 | 96% | 220,000 | 96% | 879 |
| Northfield | 1257 Route 12 | 89,900 | $27,000 | 30% | 21,000 | 78% | 895 |
| Northfield | 390 Dickinson Drive | 149,900 | $85,500 | 57% | 79,200 | 93% | 958 |
| Northfield | 1677 Hallstrom Road *Entry Only | 284,000 | $284,000 | 100% | 284,000 | 100% | 123 |
| Northfield | 334 Vine Street | 242,000 | $242,000 | 100% | 236,600 | 98% | 358 |
| Northfield | 3839 Steele Hill Road | 61,500 | $55,000 | 89% | 52,000 | 95% | 49 |