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      Market Slice! What's Happening in the Upper End of the Central Vermont real estate market?

      Central Vermont Real Estate Market--Upper End of the Market

      When people talk about home sales, and sale prices in the Central Vermont real estate market, they tend to talk about average or median homes. And that’s fine, because averages tell a story.

       

      In today’s post, I want to go a little deeper about the higher end of this market. What are we seeing as buyer and seller trends for higher end homes for sale in Central Vermont? And, in general, what’s happening in this upper end of the market?

       

      Since it’s my post, I get to pick the rules.

       

      And I get to define the terms.

       

      Let’s call the higher end of any market the top 10% of sales. That makes more sense than a dollar figure that cuts across towns. Because the truth is that there a lot of people who want really nice, upscale homes, and they want them in particular towns. 

      Want to know more about what's happening in the upper ranges of the Central Vermont real estate market? Click here to send a quick email.

       

      Here’s how that’s going to break down in this area, and statewide:

       

      Town

      Price for top 10%

      Average Price in Upper Range

      Montpelier

      $443,000--$630,000

      $500,937

      Barre Town

      $310,000--$487,500

      $367,233

      U32 Towns (Middlesex, Berlin, Calais, East Montpelier, Worcester)

      $345,000-$1,362.500

      $523,120

      Barre City

      $182,000---$230,000

      $198,500

      Northfield, Williamstown, Roxbury

      $332,500-$930,000

      $453,812

      Harwood Towns (Waterbury, Duxbury, Fayston, Moretown, Waitsfield, Warren)

      $480,000-$1,000,000

      $701,125


      In the table, the middle column represents the top 10% of sale prices in the different markets. The range is the actual sale prices of those top 10%.
       

      At the top end of all of these markets, buyers are expecting updated, finished homes, and no loose ends. That means higher end and contemporary kitchens with more expensive materials (quartz or granite countertops, not tile or laminate) It means matching, newer appliances, preferably stainless steel.

       

      Click here to send a quick email to us here at Green Light Real Estate. We're completely comfortable answering specific questions and general questions.

       

      At top price points, buyers are looking for updated bathrooms as well, with tile or stone showers.

       

      They expect to see large bedrooms with walk-in closets and en suite bathrooms.

       

      And none of this is really surprising.

       

      With the exception of upper end homes that sold in Montpelier, most of these high end properties have land, views, or in many cases, both. In Montpelier the source of the value is in location within the town and the overall  level of finish.

       

      But as a seller, if you want to attract the high end buyers, and you want to appeal to them, and you want to get the best price you can when you sell your home, your goal really has to be “perfect”.

       

      You may have to spend some money to make some money. If you’re selling a high end Central Vermont home, you already know that.

       

      At Green Light Real Estate, our upper end buyer and seller clients appreciate that kind of honesty and transparency. When you’re ready to buy or sell a higher end property in Barre, Montpelier, Northfield, or the surrounding communities, just give us a call.

       

      For more information about the upper end of the Central Vermont real estate market, click here to send us a quick email.