| Land January-June 2021 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $94,500 -14.10% | 174 180.7% | 244 +23.9% | 219 -11.7% | 233 -23.1% |
Land sales in northwest Vermont have nearly tripled so far in 2021 with 174 parcels sold. Limited inventory for existing homes and buyer preferences for amenities, energy-efficiency, and newly envisioned living spaces contribute to this solid growth. While the median sale price across the region dropped slightly to $94,500 – a piece of land in Chittenden County is nearly double.
You can’t listen to the news without hearing about soaring lumber prices, labor shortages, and supply chain disruptions affecting housing starts nationally. The story is no different in Vermont. The builders that we work with are working diligently to control pricing, manage construction, and deliver beautiful homes timely. A number of options are available for buyers who can manage longer turnaround times and higher costs associated with building – but in the end, low-interest rates, energy-efficiency options, and the ability to customize their dream home make new construction very attractive.
| SALE PRICE MEDIAN | VS 2020 | UNITS SOLD | VS 2020 | NEWLY LISTED | VS 2020 | DAYS ON MARKET | |
|---|---|---|---|---|---|---|---|
| Chittenden County | $173,250 | -13.4% | 48 | 129% | 55 | -16.7% | 204 |
| Addison County | $91,500 | 8.3% | 50 | 138% | 65 | 3.2% | 297 |
| Franklin County | $61,000 | 27.1% | 56 | 273% | 73 | -1.4% | 233 |
| Grand Isle County | $90,000 | -30.8% | 20 | 300.0% | 26 | -42.2% | 149 |