| County Averages | |||
|---|---|---|---|
| Median Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $191,050 (-18%) | 92 (+10.4%) | 262 (+2.7%) | 178 |
Grand Isle is attracting more buyers, thanks to a stronger economy and lower gas prices, but the county is recording fewer high-end property sales. Our agents are noting a lack of strong inventory in the $600,000 and higher price range, as well as fewer upper-end buyers.
As a result, property sales in the first nine months of 2015 were focused on mid-priced homes. While the median sale price dipped 18% to $191,050, the number of unit sales rose 10.8% during the same period.
The county’s waterfront properties also draw retirees and those looking for a lakefront retreat. Trends in the first nine months of 2015 have been influenced by several factors.
Mid-Priced Housing
The median sale price slipped 18%, as the market shifted to mid-priced single-family homes. The higher end of Grand Isle’s property market has been slower to recover than homes affordable to middle-class buyers.
Only Three Luxury Sale
During the first nine months of the year, the county recorded three luxury sales, far fewer than neighboring Chittenden County.
A Small Market
A shift in only a few transactions can have a large impact in overall sales and pricing trends because Grand Isle is
the smallest real estate market by volume in Northwest Vermont.
Nine land sales were recorded in the first nine months of the year, compared with 15 sales a year-earlier. The median sale price slipped 58% to $60,000.
