The Year in Review – Greater Burlington Real Estate

2015_annual_report2015. 

It’s done, history, in the books.  In real estate in our Northwestern Vermont market, many were moved and many moved in!  We’ve attached the fabulous PDF for all 3 counties – Chittenden, Franklin and Grand Isle – for your reading pleasure.  2015Year-End-Market-Report.  Sure it’s pretty dry, statistical and all that, but there’s a good number of charts and graphs to visualize the deal.  Our Board of Realtors does an awesome job with this and we think you’ll appreciate the content and layout.

I’m not going to bore you with my analysis as there’s lots to ponder on your own. A couple key stats though:

Number of closings was up 11% overall, with Grand Isle county leading the gains at +15%.  South Burlington was the leader with 317 closed (up .6%), Essex next at 308 closed (up 15%) and Burlington 3rd with 298 closings (up 15%).

The town with the greatest % of new construction homes sold was Fairfax at 51% new builds, with Richmond next if you can believe that, at 48%!  Overall, new construction accounted for 20% of the total homes sold – that continues to be a trend we’ve seen growing for several years now.

And finally, prices continue to do what Vermont has been traditionally good at – increasing a modest amount over time.  Median prices went up 2% last year over 2014, and are now up 8% over 2011. There are markets in the U.S. that have seen steep price gains (again), and those that are lagging, but our corner of Vermont contiues to show that real estate is a solid long-term investment – and it’s an investment you get to live in at the same time!

The New Year is off to a flying start with our easy weather in November and December keeping the business rolling strongly to finish the year – that will bring strong closings to January for sure.   Conroy and Company finished with our strongest 4th quarter in history and know that our new year will keep us running!  If we don’t see some snow and snowstorms soon, we may have a much earlier beginning to the Spring season than ever and continued brisk sales. I’m ok with an easy winter for a change, but seriously – can we at least get a couple good snows in before the winter ends?

OK – dig in and enjoy.  We will be posting these every month as we go into 2016 for those of you that love this kind of thing (we certainly do).  And we will have every town’s stats available as well.  If you’d like any info on a particular town in the three county market for 2015 – drop us a line and we will dig it up and gladly send to you.

Download your 9 page report:

2015Year-End-Market-Report

Last Month's Burlington Area Real Estate Review

So……..we were on a mini vacation in July and no monthly report for June made it in – but you can catch up right here with the July report – every month so far this year is detailed.  Click here for the link to our Board’s awesome report.

The link right here.

The pdf below:

July-2016-Market-Statistics-release.doc(3)

ChittCty5_yr_sales_price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May results for the Greater Burlington market real estate.

Here’s the link to the full report including every town in Northwestern Vermont.

Click to link to the May 2016 market statistics.

Five months into the year and after the rousing start, we’ve evened up with last year.

However:  less inventory, seasoned buyers waiting, waiting for the right place, low mortgage rates keeping everyone alive in the hunt – means plenty of quick moving properties. Be prepared is our motto right now – talk to us about how to make this work right if you are buying or selling!

You can get every town in Franklin, Chittenden and Grand Isle here – you may be surprised how your town looks compared to others as there are always interesting trends that are hyper local – enjoy.

We are ready for a very solid 2nd half of the year – even with the upcoming election!   If you’re thinking about it – call us at 802-863-9100 anytime for info, guidance and of course our awesome assistance to get you sold or get into your place!

Here’s the report in pdf form: May-2016-Market-Statistics-packet-updated-2

 

 

APRIL  results for the Greater Burlington market real estate.

New_Lists_Stats_April

Here’s the link to the full report including every town in Northwestern Vermont.

Click to link to the APRIL 2016 market statistics.

We’re now four months into the year and after the rousing start, we’re slowing up.  Single family homes are now down a bit for the year, though condos are up just a bit.  Prices continue to increase – a little – and that’s good.  Pockets of the market are seeing robust demand, higher prices and multiple offers continue to show up regularly.  Mortgage rates under 4% help, our economy is solid and pent up demand all have us in a pretty sweet spot.

You can get every town in Franklin, Chittenden and Grand Isle here – you may be surprised how your town looks compared to others as there are always interesting trends that are hyper local – enjoy.

We are in prime time for new homes coming on the market – actually last year May, June and July were our 3 most active months for new listings.  If you’re thinking about it – call us at 802-863-9100 anytime for info, guidance and of course our awesome assistance to get you sold!

Here’s the report in pdf form:  April-2016-Market-Statistics-Packet1

 

 

MARCH results just in for greater Burlington market real estate.

march_stats

Here’s the link to the full report including every town in Northwestern Vermont.

Click to link to the MARCH 2016 market statistics.

Continued health of our market…….. continues!  For the year we are about even with last year, and prices are going up, at a modest rate.  Condo’s are showing stronger growth than homes – wonder if that is from more downsizing moves we are helping people with, or something else?

As always – the stats you’re interested in are in these awesome reports – so take a look.

More homes come on the market in the next 8 weeks than any other part of the year – if you want to know how to get it all done, and max out your potential – call us at 02-863-9100 anytime!

Here’s the report in pdf form:   March-2016-Market-Statistics-Report-1

 

 

 

 

 

 

feb_closed

 

February results just in for greater Burlington market real estate. Here’s the link to the full report including every town in Northwestern Vermont.

Click here for February 2016 market statistics.

As we predicted last month, the numbers have settled a bit but still showing a good start to the year for closings. Our market remains healthy, solid and ‘normal’.  Inventory levels are coming up a bit and that is what we expect for pre-spring (or is it spring already this year).

If you are thinking of buying or selling – let’s get connected.  Prime time is right around the corner.

We’re always at 802.863.9100!

Here’s the report in pdf form:   February-2016-Market-Statistics-Report-1

 

 

 

jan16_statsJanuary results are in for greater Burlington’s real estate results. Here’s the link to the full report, where you can also access every town in the 3 Northwestern Vermont counties:

Click here for Jan 2016 market-statistics.

We knew there would be a strong set of closed sales in January and most likely February.  That’s been born out – January sales up over 25% vs last year.  Now, remember last January – ahhh – so cold, so snowy, so wintery!  Hard last year, Easy this year – means we should be way up over last year – and we are.

Let’s see how it sugars off once we get to March and April’s closed sales.  Pending sales (newly under contract) settled right down in January – up only a couple percent – so we should see less spectacular numbers coming soon.  Normal, even.

The good news is there is a slight uptick in homes on the market, so that may say we will finally have a little more inventory to choose from this year.  Time will tell.

If you are in the market to buy or sell this year, take a few minutes to review the report – and check here monthly to stay up on the state of the market.  And when you’re ready to get going – call us.  We’re on top of these trends and would love to help you take advantage as you make your move!

Here’s the pdf:

January-2016-Market-Statistics-Report