2013 Market Update from Northwestern Vermont

Early 2013 Vermont Market Report Released

Hello, I hope this email finds you well... and warm.


I'm happy to share with you the Coldwell Banker Hickok & Boardman Realty, Early 2013 Market Report. Looking back on the real estate market I think it's fair to say, 2012 was a year of recovery and stability for most areas of northwest Vermont. Sales of residential properties jumped 16.3% in the four counties of northwest Vermont. The median sale price across Chittenden, Franklin, Grand Isle, and Addison rose 1%.


Overall
Consumer confidence in the health of the Vermont real estate market appears to be high. Two factors helping to drive that confidence are: low interest rates and an unemployment rate lower than the national average. The National Association of REALTORS and Fannie Mae are both forecasting real estate sales increases in 2013, 8.8% and 6.4% respectively. They also predict sale prices rising between 2-5%. Vermont Economists are projecting increases as well: 15% in existing housing sales and a 1-3% increase in prices.


Good News for Sellers
The latest forecasts are great news for home sellers. If you or someone you know is thinking of selling - inventory is low and buyer activity is strong. There are ready, willing, & able buyers waiting for the right property to come on the market. Of course, homes still need to be positioned and priced competitively in today's market - but if you plan on selling this spring, let's start the discussion now!


As you've seen in our past seasonal Vermont Market Reports, we've analyzed the real estate data for Chitttenden, Addison, Franklin, and Grand Isle counties. Often home buyers are considering homes in a certain geographic area based on local amenities or schools - so for Chittenden County we've provided an analysis of the real estate market by school district. Within the report, you'll also see an analysis for key property types such as luxury homes priced over $1,000,000, and multi-family investment properties.


Here are some quick links:

The complete report is available at www.VermontMarketReport.com


Market Highlights:

·  Early 2013 Market-Wide Trends

·  Luxury Report

·  Multi-family Investment Property Report

County Snapshots:

·  Chittenden County

·  Franklin County

·  Grand Isle County

·  Addison County

As always, if you or someone you know is considering a move or has any questions about the current real estate market - please don't hesitate to email or call me.

Dana
802-846-9593