September Market Report

photo by Ted Dawson

 

The numbers are in for the Central Vermont real estate market (numbers through the end of August).

	Active Listings	Under Contract	Avg Sale Price Past 12 Months	# Sales Past 12 Months	Average Days on Market
Barre City	48	13	$144,804	98	73
Barre Town	36	15	$206,679	88	62
Montpelier	23	11	$268,793	74	59
U32 Towns	52	22	$262,218	79	98
Northfield / Williamstown	39	16	$191,485	70	66
Totals	198	81		409

 

Sales and sale prices continue to be strong in the Central Vermont real estate market, with Barre City approaching 100 sales over the past 12 months.

 

	New Listings August 2019	Sales / 12 (sales per month, average)	Absorption Rate (Months of Inventory)
Barre City	13	8.16 sales/month	5.88 months
Barre Town	17	7.33 sales/month	4.91 months
Montpelier	8	6.17 sales/month	3.73 months
U32 Towns	12	6.58 sales/month	7.90 months
Northfield / Williamstown	7	5.83 sales/month	6.69 months

 

We’ve been saying this for years now, but it sure would be helpful to have more houses for sale, especially in Barre Town and Montpelier where the inventory is the lowest. Industry experts tell us that an inventory of six months suggests something of an equilibrium between a buyers’ market and a sellers’ market. Nearly all of the local markets are at or near equilibrium, signaling a healthy local real estate market.

 

Real Estate Investing

Investment Properties--Green Light Real Estate offers a full suite of services for investors. For buy and hold investors, we offer valuation, value add opportunities, financial and location analysis and more. 

For fix and flip investors, we help with identifying good candidates, challenging assumptions about resale and scope of renovation, and more. Sometimes the best advice we give our investor clients is to not buy a particular property.  Check out the blog post “Property Investment With Green Light Real Estate” for more.

 

Win a Bidding War

In a tight market, and with desirable and well-priced houses in the Montpelier/Barre area, we’re seeing more and more multiple bid situations. Read our latest blog post for strategies to win a bidding war (whether you’re a buyer or a seller). These are just some of the tactics. Call (802-225-6425) or email Green Light Real Estate to talk with a buyer specialist for more information.

 

Recent Reviews

For Lauren Gould:

"Lauren was a GODSEND! This our first ever house purchase and she went above and beyond in every way. We would send her houses and she would check them out ahead of time to see if they qualified for our loan and get information from other Realtors if there were issues before we even saw the houses.  She saved us a lot of time by doing this. It took us almost a year and MANY disappointments (not from Lauren) to finally find the perfect house! Lauren made an already stressful process seem like a breeze and we appreciate her so much for her patience with our pickiness, enthusiasm for pep talks when we would lose motivation after another rejected offer, and knowledge of the whole process that she shared with us. 10 out of 10 would recommend her." -- Cameo, Barre

 

For Hannah Dawson:

"Hannah was a pleasure to work with. She's a very knowledgeable and trustworthy professional. Being first time homebuyers we were unfamiliar with the process but Hannah helped with every step and was always available." -- Jess, Northfield

 

 

Call 802-224-6425 or email us to find out what your house is worth in today’s market. Even if you’re a year or more away from selling, let’s start making the plan for a successful sale.