Blog :: 11-2019

November Market Report

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

 

 Ray Mikus

"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)

 

  Hannah Dawson

"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 Gould

"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

November Market Report for Montpelier

Montpelier Real Estate Market Report

 

 

Check out the recent sales In Montpelier real estate:

Address Sale Price
186 Sherwood Drive $215,000
301 River Street $250,000
12 Redstone Avenue $350,000
28 Sibley Avenue $371,500
209 Barre Street #C101 $130,000
288 Cityside Drive $253,750
1428 Terrace Street $453,800
60 Main Street $900,000
123 North Street $366,000
10 Independence Green $175,000
110 Ledgewood Terrace $399,000
41 Pleasantview Street $175,000
231 Main Street $277,000
12 Charles Street $318,000
247 Grandview Terrace $350,000


Do you have a home to sell in Montpelier? Looking to become a Montpelier resident?

Give us a call at 802-224-6425 or email us to get started on buying or selling with trusted Central Vermont experts!