| Luxury Homes | |||
|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Days on Market: |
| $987,500 (+7.1%) | $992,167 (+0.2%) | 6 (-14.3%) | 293 |
Buyer interest seems to be heating up in the Luxury market*.
While 6 properties sold this quarter compared to 7 during the 1st quarter of 2017, new properties coming on the market are generating multiple showings. With a small number of sales, the “days on the market” (from list to close) fluctuates wildly year over year. 5 of the 6 properties sold so far this year are lakefront properties from Grand Isle down to Ferrisburgh.
* The Luxury market is defined as properties selling for $850,000 & above.
