| Single-Family January-December 2023 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $1,300,000 0% | $1,503,209 -10.7% | 103 +13.2% | 86 -4.4% | 42 +5% |
In the luxury market (defined in this report as residential properties with a sale price of $1,000,000 or more), the median sale price remained steady at $1,300,000 while the number of sales increased by 13% to 103 units. With many high-end buyers paying cash for their purchase, the rising mortgage rates had less impact on this segment of the market. Agents reported a solid number of showings for new listings as buyers looked outside of Burlington and lakefront properties to meet their needs. Locally our agents closed 1 in 4 luxury transactions in northwest Vermont – far more than any company in our area.
Our skilled agents and our 360-degree marketing approach combine to share the beauty of luxury homes with an affluent audience locally, nationally, and globally. Many of our agents are certified as Luxury Property Specialists. Aligning them with the best among Coldwell Banker agents. In 2023, Coldwell Banker affiliated agents achieved tremendous results with $267 million in Luxury closed sales daily and an average sale price of $1,900,000 worldwide.
| County | Top towns | Units Closed | Median Sale Price | Average Sale Price | Low | High |
|---|---|---|---|---|---|---|
| Addison | 13 | $1,512,500 | $1,824,269 | $1,015,000 | $3,450,000 | |
| Leicester | 4 | $1,265,000 | $1,264,375 | $1,015,000 | $1,512,500 | |
| Panton | 3 | $2,450,000 | $2,318,833 | $1,906,500 | $2,600,000 | |
| Salisbury | 2 | $1,225,750 | $1,225,750 | $1,140,000 | $1,311,500 | |
| Chittenden | 76 | $1,245,000 | $1,410,402 | $1,000,000 | $3,169,000 | |
| Burlington | 20 | $1,210,000 | $1,367,950 | $1,000,000 | $2,900,000 | |
| Charlotte | 9 | $1,615,000 | $1,708,333 | $1,100,000 | $2,340,000 | |
| Colchester | 6 | $1,232,500 | $1,388,333 | $1,010,000 | $2,315,000 | |
| Essex | 3 | $1,250,000 | $1,288,333 | $1,240,000 | $1,375,000 | |
| Richmond | 8 | $1,238,000 | $1,435,583 | $1,055,833 | $2,300,000 | |
| Shelburne | 16 | $1,273,000 | $1,424,031 | $1,000,000 | $3,169,000 | |
| South Burlington | 6 | $1,127,500 | $1,285,407 | $1,055,000 | $1,902,445 | |
| Underhill | 2 | $1,137,500 | $1,137,500 | $1,075,000 | $1,200,000 | |
| Williston | 4 | $1,172,500 | $1,276,500 | $1,000,000 | $1,760,000 | |
| Franklin | 3 | $1,110,000 | $1,409,166 | $1,100,000 | $2,017,500 | |
| Grand Isle | 11 | $1,499,900 | $1,790,627 | $1,000,000 | $3,200,000 | |
| Grand Isle | 5 | $2,500,000 | $2,409,400 | $1,297,000 | $3,200,000 | |
| South Hero | 4 | $1,424,950 | $1,393,725 | $1,000,000 | $1,725,000 | |
| Lamoille | 74 | $1,522,500 | $1,863,649 | $1,000,000 | $4,600,000 | |
| Stowe | 70 | $1,542,292 | $1,901,771 | $1,027,000 | $4,600,000 | |
| Hyde Park | 1 | $1,755,000 | $1,755,000 | $1,755,000 | $1,755,000 | |
| Morristown | 2 | $1,015,500 | $1,015,500 | $1,000,000 | $1,031,000 | |
| Washington | 26 | $1,275,000 | $1,415,038 | $1,000,000 | $3,750,000 | |
| Fayston | 4 | $1,590,000 | $1,595,000 | $1,400,000 | $1,800,000 | |
| Warren | 6 | $1,342,500 | $1,709,166 | $1,150,000 | $3,750,000 | |
| Waterbury | 9 | $1,200,000 | $1,196,333 | $1,000,000 | $1,500,000 | |
| Woodbury | 2 | $1,343,500 | $1,343,500 | $1,192,000 | $1,495,000 |