What sold in Colchester July 2018

Dated: 08/27/2018

Views: 129

New Listings on The Rise?

New listings of single-family homes in Colchester rose 37.5% in July over the same month last year while condo listings realized a drop of 12.5%. Meanwhile, the inventory of single family homes for sale shrank 21.9% to only 50 while condo inventory rose by 33.3% to 16.

July 2018 Market Update

July single-family home sales dropped dramatically by 42.9% to only 12 while the median sales price rose by 7.6%. The month's supply of inventory continues to slide, down 8.3% to only 4.4. Six months is considered a balanced market.

Here's what sold:

  • 304 Walden Road          $60,000
  • 51 Greenbriar Lane          $70,000
  • 649 Main Street                $210,000
  • 390 Eagle Park Drive        $271,900
  • 313 Birchwood Drive        $279,000
  • 86 Aurielle Drive        $325,000
  • 241 Sand Road                $329,000
  • 100 Edgewood Drive        $347,000
  • 70 Jocelyn Court        $388,000
  • 1050 Bay Road                $432,500
  • 51 Madison Drive        $440,470
  • 1721 Marble Island Road   $608,000 

Condos sales were also down (37.5%) to only five and the median sales price actually shrank by 8.6% to $191,000 due to lack of sales in the higher end. While the month's supply rose slightly there is still a severe lack of condo inventory with only a 2.3 month supply.

Here's what sold:

  • 261 Holy Cross Road           $130,000
  • 438 Oak Circle                   $183,000
  • 190 Oak Circle                   $191,000
  • 206 Woodbine by the Lake    $209,000
  • 252 Country Meadows   $270,250 

For more more details or info about sales in your specific neighborhood contact John Abry

Blog author image

John Abry

John enjoys assisting sellers & buyers of Chittenden County and Lake Champlain properties while striving to ensure every family feels confident when buying or selling a home. He is also a Realtor part....

Latest Blog Posts

Five Percent For The Food Shelf

06/18/20 - $3,665.00I committed to a goal of raising $5,000 for the Colchester Food Shelf over the next year (or so) and to do so I will donate 5% of every check I earn by helping families sell

Read More

What's Up With Real Estate?

Well... Not much! Real estate has been deemed "non-essential" in Vermont so we're sharing the same stay at home challenges that pertain to the majority of the population. Meanwhile, my screen and

Read More

Work In Progress...

With everything on the news about the Coronavirus, I’ve had a lot of people asking me if I’m still working or not. Yes, I’m still actively working with clients who want and

Read More

Colchester Average Sale Price up to $367,733 in 2019

Happy New Year!Real estate in Colchester is off to a fantastic start and all indicators continue to point to a seller's market. Below please find a review of Chittenden County real estate in 2019

Read More