Market Snapshot: The Time to Sell is Now

The Time to Sell is NowWith the second quarter of 2017 well under way, Northwestern Vermont continues to be a sellers’ market with a low inventory of homes for sale in select price ranges. According to the Northwestern Vermont Board of Realtors March 2017 Market Statistics, New Listings are down 24.3% for Single Family properties and 4.4% for Townhouses/Condos compared to March 2016.

Even with demand high and supply low, the average days on market is still 107 days for Single Family properties and 120 days for Townhouses/Condos. For properties in the mid-price range of $250,000-$400,000, we are seeing multiple offers for well located, staged and marketed properties.

The Federal Reserve decided this week to not raise interest rates beyond 0.75-1%, however analysts do project rates to go up at the Fed’s next meeting on June 13 and 14. Today 30-year fixed interest rates are hovering around 3.8-4.1%. With a low housing inventory in Northern Vermont, and the prospect for interest rates to increase more this year, you can position yourself as a seller strong and get the most for your home.

Why You Should List Your Home with Us:

  • Conroy & Company’s clients sell at 98% of List Price on average – that’s 1 full percent more than the average sale in your pocket.
  • 50% of Conroy & Company’s clients go under deposit in under 30 days! This compares to only 33% in the MLS.
  • NAR reports the percent of sellers who sell For Sale By Owner has dropped from 19% to only 8% over the last 20 years! More people are choosing to leave the sale of arguably one of their biggest assets to professionals.
  • You net more money with an agent. Studies have shown that the typical house sold For Sale By Owner sells for $210,000 on average, while the typical house in the U.S. sold by an agent sells for $249,000.

pinnacle-1Conroy and Company always has pre-qualified and motivated buyers who are actively looking for their new home. If you are interested in selling, contact us for a free competitive market analysis of your home to find out its true market price in today’s selling environment.  Complete a form on our website or just send your info in via email. Once submitted, we will get back to you promptly.

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Conroy & Company is a Keller Williams Vermont team of Realtors located in South Burlington, Vermont. Our mission is to serve our clients with the highest level of personal commitment to helping them reach their goals. Our focus is to bring the latest technology and marketing skills to our clients, and do so in the most personal, hands on way possible. Our collaborative, strength in numbers approach to exceeding your expectations, has helped keep us in the top 2% of Vermont agents/teams ever since 2003. Questions? Contact Mike Conroy – mike@conroyandcompany.com or 802-363-3356

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

Exclusive Listings: You won't Find these anywhere else on the web…

Click the photos for details and additional photos.

living room 5
58 Snowflake Dr, Jericho VT

 

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Now in MLS-105 Saratoga Ave, Burlington VT
36 Clover Lane, Burlington VT
Now in MLS-36 Clover Lane, Burlington VT
19 rustic (1)
Now in MLS-19 Rustic Drive, Essex VT

 

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Now in MLS-5 Barber Terrace, South Burlington

 

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NOW ON MLS-124 Rudgate Rd, Colchester VT
Now on MLS-11 Windridge Rd, Essex VT
NOW ON MLS-341 Irish Settlement Rd, Underhill, VT
NOW ON MLS-37 Colonial Square, Burlington VT
3353 Notch Rd, Bolton, VT

Burlington VT property not found anywhere else…

2014-11-25 10.48.50

Your C&C exclusive sneak peek…

35-37 South Crest, Burlington VT

This fabulous duplex has yet to hit the public market-the owner is preparing it to hit the MLS just before New Years and so you’re in luck, as one of our fans, you’ve got an in on this sweet townhouse style duplex. This property offers two nice 3 bedroom units. Tucked in a cool south end neighborhood, it doesn’t take much imagination to know that you and/or your tenant will love living here. You’ll relish the quick access to all things Burlington, shopping, hike & bike trails, the lake, parks, arts & entertainment.

We can usually arrange showings with 3-4 days notice – call  802.863.9100 if you’d like to schedule a time to view it and get more details.

 

 

Make 2014 a year to be proud of. Help feed 3,000 hungry Vermonters…

give where we live

In the spirit of giving thanks, Conroy & Company at kw vermont will match your donations to the Vermont Food Bank dollar for dollar. For as little as $10, the Vermont Food Bank can provide 30 meals for a family in need. We will match donations received now through 1:00am December 30,2014 (up to $500) at give.vtfoodbank.org/giving-campaign. Together we can feed 3,000 members of our community.

That’s real feel good stuff, the kind of thing we adore about Vermont and Vermonters. In our neck of the woods, we all pitch in to help each other. Here in the 802 we know that someone will lend us a hand when we need it. Now it’s our turn. Bonus: good karma points to be used as insurance for when the blizzard hits and the car won’t start.

Want in on this do-goodery? Good. We can do more together…Click to give where we Live

 

 

Bright & modern waterfront home

Searching for a modern home in a beautiful waterfront location? This is the one!

MORE PHOTOS & INFORMATION »

Rare and alluring waterfront home privately nestled along the banks of the Winooski River. Open and inspiring with expansive windows, 10 ceilings, pink sunsets and serene river views from almost every room. Granite, stainless steel and clear maple detailed kitchen with gas cooking range and hood. Great room with wood burning stove, stone chimney and glass doors to the wrap around deck. A distinguished master suite with soaring ceilings, a marble tiled bath, radiant heat floors, and glass doors to the amazing 500 sqft covered porch. A perfect work from home setting with an intriguing studio and office space detailed with exposed reclaimed beams. There are stone steps to the river and removable docks, ideal for kayaking, fishing, paddling, and only a 15 minute boat ride to Lake Champlain. The house was built in 2008 and the foundation is 1948. Owner is a licensed real estate agent.

Second-story porch (300 Plattsburg Ave, Burlington, VT)

Kitchen (300 Plattsburg Ave, Burlington, VT)

Great Room (300 Plattsburg Ave, Burlington, VT)

Master (300 Plattsburg Ave, Burlington, VT)

Home Office (300 Plattsburg Ave, Burlington, VT) Right on the river (300 Plattsburg Ave, Burlington, VT)

300 Plattsburg Ave, Burlington, VT

Realtors cavort for good cause

At the Monster Bash, a fabulous annual fund raising costume party and haunted house in Charlotte, a couple hundred Halloween revelers showed up to have a good time and to benefit an incredibly worthwhile cause. They were joined by three of our own Conroy & Company crew – Margo Trotier, Debbie Jensen and Rita Lafontaine.

The event is the only annual fundraiser for the Mahana Magic Foundation, a local non-profit organization which offers support to children coping with the fear and uncertainty of a having a parent with cancer. Our own Margo Trotier was closely connected and helped in the early days, and Mike Conroy served as a founding board member in 2009, with his real estate partners Greg Couture and John Nichols.  So many of our friends in the business have been great supporters since its start – and we love to see the photos every year!

If you’ve never been, if you love an outrageous ‘Dress Up, Let it All Hang Out’ night of dancing and merriment, then mark it down for next year and make the scene!  And help support this annual event!

You can also check out photos from last year’s event here »

Debbie Jensen
Debbie Jensen
Barb McHenry
Barb McHenry

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Monster Bash - a benefit for the Mahana Magic Foundation
Monster Bash – a benefit for the Mahana Magic Foundation
Debbie Jensen, Rita LaFontaine
Debbie Jensen, Rita LaFontaine

Easy, comfortable, and convenient

This townhouse is conveniently located very near a hike-and-bike path that runs to Bayside Park and Lake Champlain, and a quick drive to shopping and downtown Burlington. Special features of this townhouse include a bonus room (for hobbies, working out, a home office, or whatever). The moldings and fixtures have been updated throughout the house. A comfy deck overlooks a nice lawn and wooded lot. There’s an attached garage, so you’ll be protected from the elements when you head to work in the morning. There’s also an association playground to keep the kids, or grandkids, busy. To sum up, this home might be for you if you’re looking for something easy, comfortable, and convenient.

More information »

125 Hollow Creek Drive Dining Room Bedroom Bedroom Upstairs Bath Near Bayside Park

Burlington South End 3BR Condo for $199,000!

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Yes, it’s real! Our motivated seller has just slashed the asking price and wants to find a buyer quickly. This is a rare opportunity to move to downtown Burlington, to a spacious and artistic historic building, for a truly affordable price.

Locals know the Queen City is an exciting place to be and this condo gets you close to all the action. Nearby Church Street Marketplace is peppered with street performers, foodie hot spots, world-class festivals, and a vibrant night-life. This prime location is a straight shot to Lake Champlain, with easy access to parks and docks. Even with so much excitement a few blocks away,  you’ll want to “hang in” and host epic porch parties to make full use of the stunning sunset views over the lake. Pet-friendly building with low condo fees, in a well organized and maintained Home Owner’s Association. Great opportunity for investors, too!

Added bonuses include a natural gas woodstove, renovated bath and kitchen in 2007, bamboo hardwood and pine floors and basement storage. Yard, off street parking, and sunset views from the rear porch.

More information on 273 Saint Paul Street, #4 » HERE

More info on our Beloved Burlington, VT » HERE

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