1st quarter Single Family home sales realized a 5% gain over 2017 with 21 closings. The average sales price rose slightly by just under 0.97% to $355,935 while the average days on market dipped by 5.68% to 83. All signs of a continued strong seller's market.
Condo sales saw a gain of 22.22% with 11 closings but, the average sales price sank 19.84%. This is mainly due to the absence of any new construction closings in Q1 2018 vs 3 in the previous years period. This also affected the average days on market which dropped to 45.
What Sold in Colchester
Sales ranged from a Mills Point camp selling for $145,000 to a spectacular lakefront rehab that you may have seen in the news that sold quickly for $1,095,000. See what sold.
...and What Didn't Sell
Only a handful of listings were terminated, expired or withdrawn in the 1st quarter. Some have been relisted with new prices, agents or both. As I've said before, if you can't sell a house in this market you need to rethink your marketing.
Author:John Abry Phone: 802-274-5806 Dated: April 17th 2018 Views: 123 About John: John enjoys assisting buyers and sellers of Chittenden County and Lake Champlain properties and he s...
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John enjoys assisting buyers and sellers of Chittenden County and Lake Champlain properties and he strives to ensure every family feels confident when buying or selling a home.
His dedication to serve his community is evident through active membership with the Colchester-Milton Rotary Club, Colchester Community Center Initiative, Heroes Home Advantage, a 365 Things To Do In Colchester Vermont Facebook page and also coaching community sports.
John also supports the Colchester Community Food Shelf, Children’s Miracle Network, Komen for the Cure and the Cancer Patient Support Program along with many other charitable organizations.
He resides in Colchester with his wife and son. The whole family is very active enjoying many types of water and snow sports but, are known to be occasionally enjoying some down time on the beach in Malletts Bay with family and friends.