Addison County

Single-Family January-December 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$404,000 +3.9%	$490,373 +6.8%	278 -8.9%	319 -7.5%	30 -6.3%

Condos January-December 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$325,000 +5.7%	$361,542 +2.0%	18 0.0%	20 +53.9%	22 -8.3%

The real estate market in Addison County is not immune to the trends seen across other counties in this report although at a more moderate pace. The number of single-family homes sales declined by 27 units, while the number of new listings on the market dropped by 26 units.

The median sale price increased by nearly 4% in 2023, with a cumulative increase of 42% since 2020. Panton, Leicester, Weybridge, and Cornwall posted significantly higher median sale prices than the county median of $404,000.

Middlebury, Bristol, Ferrisburgh, Monkton, Orwell, and Vergennes proved the most popular with the greatest number of sales, however far fewer new listings as compared to last year.

With a small number of transactions in many towns, the data can show dramatic swings in one direction or the other.

	MEDIAN SALE PRICE	VS 2022	UNITS SOLD	VS 2022	NEWLY LISTED	VS 2022	DAYS ON MARKET
Addison County Single-Family	$404,000	3.90%	278	-8.90%	319	-7.50%	30
Addison	$514,500	3.40%	10	-37.50%	12	-36.80%	70
Bridport	$300,000	3.50%	11	57.10%	16	77.80%	13
Bristol	$394,000	1.30%	28	-9.70%	32	-3.00%	21
Cornwall	$565,000	-10.30%	14	27.30%	14	0.00%	35
Ferrisburgh	$490,000	-14.90%	26	-7.10%	30	-3.20%	22
Goshen	$192,035	-48.10%	3	-25.00%	6	200.00%	64
Granville	$144,000	-56.10%	4	-33.30%	4	-20.00%	46
Hancock	$290,000	28.90%	5	66.70%	6	100.00%	40
Leicester	$526,500	75.50%	12	-20.00%	11	-38.90%	52
Lincoln	$495,000	28.00%	6	-66.70%	9	-55.00%	22
Middlebury	$400,000	8.80%	39	-15.20%	41	-22.60%	24
Monkton	$424,900	-6.60%	17	-22.70%	21	-8.70%	8
New Haven	$493,750	8.50%	12	-14.30%	14	-17.70%	33
Orwell	$294,500	-25.40%	18	38.50%	19	26.70%	40
Panton	$1,906,500	515.00%	5	-44.40%	6	-33.30%	3
Ripton	$306,000	-36.30%	5	400.00%	4	300.00%	116
Salisbury	$510,000	22.90%	9	-18.20%	16	60.00%	35
Shoreham	$390,000	-9.10%	11	120.00%	13	44.40%	25
Starksboro	$395,000	46.30%	13	62.50%	13	44.40%	22
Vergennes	$345,000	7.50%	18	-25.00%	19	-29.60%	27
Waltham	$499,500	-21.20%	4	300.00%	4	100.00%	9
Weybridge	$533,500	18.00%	6	-25.00%	7	-46.20%	41
Whiting	$335,975	3.50%	2	-50.00%	2	-33.30%	5

Single-Family January-June 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$376,000 +0.3 %	$467,149 +8.3 %	121 -10.4 %	170 -11.0 %	36 +5.9%

Condos January-June 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$323,000 +7.0%	$381,438 +21.2%	8 -11.1%	8 +33.3%	14 -46.2%

The real estate market in Addison County is not immune to the trends seen across other counties in this report although at a more moderate pace. The number of single-family homes sales declined by only 12 units, while the number of new listings on the market dropped by 17 units.  With a small number of transactions in many towns, the data can show dramatic swings in one direction or the other.

Bristol, Ferrisburgh, Middlebury, Monkton, Orwell, and Vergennes proved the most popular with the greatest number of sales, however with far fewer new listings as compared to last year at this time.  Ferrisburgh, in the northern part of the county, posted a median sale price of $529,000 – significantly higher than the county average of $376,000.

While there are few condominium sales in the county, the available parcels of land for sale increased by 21% during the first half.  This resulted in 30 closed sales, the highest number of land sales in the region.

	MEDIAN SALE PRICE	VS 2022	UNITS SOLD	VS 2022	NEWLY LISTED	VS 2022	DAYS ON MARKET
Addison County Single-Family	$376,000	0.3%	121	57.1%	170	-11.0%	36
Addison	$529,000	6.9%	3	0.0%	7	-41.7%	82
Bridport	$253,260	-25.4%	6	-14.3%	13	116.7%	16
Bristol	$366,250	3.9%	12	40.0%	14	-22.2%	15
Cornwall	$525,000	-4.6%	5	-28.6%	8	14.3%	77
Ferrisburgh	$529,000	7.2%	10	n/a	16	-5.9%	27
Goshen	n/a	0.0%	n/a	0.0%	1	-50.0%	n/a
Granville	$411,000	21.3%	2	-50.0%	3	200.0%	82
Hancock	$376,000	43.2%	1	0.0%	5	150.0%	10
Leicester	$444,000	85.0%	4	-60.0%	3	-75.0%	120
Lincoln	$666,250	59.6%	2	-20.0%	2	-75.0%	45
Middlebury	$367,500	-1.3%	16	0.0%	20	-33.3%	22
Monkton	$385,000	-5.9%	9	0.0%	12	-14.3%	4
New Haven	$485,000	6.6%	5	66.7%	5	-16.7%	17
Orwell	$299,500	-33.6%	10	-8000.0%	11	37.5%	46
Panton	$335,000	8.1%	1	0.0%	3	-62.5%	3
Ripton	$450,510	0.0%	3	-50.0%	3	200.0%	188
Salisbury	$275,000	-9.4%	3	150.0%	9	80.0%	34
Shoreham	$415,000	-7.20%	5	0.0%	6	100.00%	42
Starksboro	$227,500	-8.60%	6	0.0%	8	60.00%	39
Vergennes	$350,000	1.50%	11	0.0%	12	-14.30%	26
Waltham	$499,500	0.00%	2	25	3	200.00%	6
Weybridge	$502,000	33.90%	5	n/a	6	-25.00%	11
Whiting	n/a	n/a	n/a	n/a	n/a	n/a	n/a

Single-Family Q1 2023
New Listings	Units Sold	Median Sold Price	Days on Market
52 (-33%)	47 (-11%)	$325k (-2.11%)	10 (+43%)

Condos Q1 2023
New Listings	Units Sold	Median Sold Price	Days on Market
4 (+0%)	3 (-57%)	$525K (+74%)	0

 

The first quarter of 2023 was challenging for the housing market in Addison County, Vermont. The county saw a significant drop in the number of new listings, with a decline of around 33% compared to the same period last year. This limited the options available to potential buyers and contributed to an overall decline in sales. In fact, the number of homes sold in the county dropped by approximately 11% year-over-year. The median sold price for homes in Addison County also decreased by around 2% compared to the first quarter of 2022. This is not a reflection of a drop in home values, but more a change in the mix and limited number of properties that closed during this period. Despite these declines, Addison County remains an attractive area for homebuyers due to its scenic countryside and vibrant communities. It will be interesting to see how the market evolves throughout the rest of the year and whether the shortage of available inventory will continue to be a challenge for both buyers and sellers alike.

• The housing market in Addison County, Vermont, experienced a challenging first quarter in 2023, with a significant drop of approximately 33% in new listings compared to the same period last year. This limited the options available to potential buyers and contributed to an overall decline of around 11% in sales volume.
• Despite the challenges faced by the housing market in Addison County, the median sold price for homes only decreased by around 2% compared to the first quarter of 2022, suggesting that demand remains strong in this segment of the market.
• With limited inventory and fewer options available, it is likely that buyers will continue to face increased competition for available properties, increased prices and bidding wars in many cases. However, the market remains attractive to buyers looking for scenic countryside and vibrant communities, and it will be interesting to see how the market evolves throughout the rest of the year.

	NEW LISTINGS	VS 2022	UNITS SOLD	VS 2022	MEDIAN SALE PRICE	VS 2022	MEDIAN DOM
Addison	1	5	3	3	$529 K	$530 K	71
Single Family	1	5	3	3	$529 K	$530 K	71
Condo	0	0	0	0	$0	$0	0
Bridport	5	2	3	1	$260 K	$290 K	37
Single Family	5	2	3	1	$260 K	$290 K	37
Condo	0	0	0	0	$0	$0	0
Bristol	5	5	4	8	$267 K	$320 K	6
Single Family	5	5	4	8	$267 K	$320 K	6
Condo	0	0	0	0	$0	$0	0
Cornwall	1	2	1	1	$270 K	$550 K	146
Single Family	1	2	1	1	$270 K	$550 K	146
Condo	0	0	0	0	$0	$0	0
Ferrisburgh	5	6	4	3	$628 K	$411 K	5
Single Family	5	6	4	3	$628 K	$411 K	5
Condo	0	0	0	0	$0	$0	0
Granville	1	0	1	1	$590 K	$333 K	5
Single Family	1	0	1	1	$590 K	$333 K	5
Condo	0	0	0	0	$0	$0	0
Middlebury	11	16	7	9	$365 K	$302 K	4
Single Family	8	14	5	4	$306 K	$334 K	7
Condo	3	2	2	5	$587 K	$302 K	0
Monkton	3	5	2	6	$412 K	$408 K	7
Single Family	3	5	2	6	$412 K	$408 K	7
Condo	0	0	0	0	$0	$0	0
New Haven	1	4	2	2	$281 K	$372 K	26
Single Family	1	4	2	2	$281 K	$372 K	26
Condo	0	0	0	0	$0	$0	0
Orwell	5	2	3	1	$299 K	$134 K	37
Single Family	5	2	3	1	$299 K	$134 K	37
Condo	0	0	0	0	$0	$0	0
Panton	1	4	1	1	$335 K	$310 K	3
Single Family	1	4	1	1	$335 K	$310 K	3
Condo	0	0	0	0	$0	$0	0
Ripton	1	0	1	0	$285 K	$0	5
Single Family	1	0	1	0	$285 K	$0	5
Condo	0	0	0	0	$0	$0	0
Salisbury	2	4	2	4	$301 K	$304 K	47
Single Family	2	4	2	3	$301 K	$279 K	47
Condo	0	0	0	1	$0	$535 K	0
Salisbury	2	2	4	3	$213 K	$275 K	48
Single Family	2	2	4	3	$213 K	$275 K	48
Condo	0	0	0	0	$0	$0	0
Vergennes	7	9	7	8	$300 K	$335 K	7
Single Family	6	7	6	7	$315 K	$345 K	16
Condo	1	2	1	1	$300 K	$275 K	0
Weybridge	4	5	2	2	$450 K	$325 K	19
Single Family	4	5	2	2	$450 K	$325 K	19
Condo	0	0	0	0	$0	$0	0
Total	56	82	50	60	$326 K	$325 K	8
Single Family	52	78	47	53	$325 K	$332 K	10
Condo	4	4	3	7	$525 K	$302 K	0

Single-Family January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$389,000 +14.2%	$459,171 +15.3%	305 -27.7%	345 -20.7%	32 -45.8%

Condo January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$307,500 +20.6%	$354,547 +22.4%	18 -35.7%	13 -48.0%	24 -54.7%

The median sale price of homes in Addison County continued its multi-year surge led by towns like Ferrisburgh, Vergennes, and Bristol. Despite reaching a record high median sale price of $389,000 for a single-family home, the county is still more affordable than nearby Chittenden County. With declining inventory of homes for sale, well prepared buyers moved quickly to purchase a property when they found one, resulting in a list to contract of only 32 days on the market. Addison County offers the quintessential Vermont life experience of farm to table dining options, art galleries, and diversified employment opportunities – all with easy access to Lake Champlain and the mountains. 

	MEDIAN SALE PRICE	VS 2021	UNITS SOLD	VS 2021	NEWLY LISTED	VS 2021	DAYS ON MARKET
Addison County Single-Family	$389,000	14.20%	305	-27.70%	345	-20.70%	32
Addison	$497,500	-7.90%	16	-5.90%	19	0.00%	35
Bridport	$290,000	-10.60%	7	-61.10%	9	-35.70%	13
Bristol	$389,000	20.30%	31	-27.90%	33	-15.40%	20
Cornwall	$630,000	15.80%	11	-21.40%	14	7.70%	23
Ferrisburgh	$576,000	69.70%	28	0.00%	31	14.80%	26
Goshen	$369,750	73.70%	4	33.30%	2	-50.00%	58
Granville	$327,713	118.50%	6	20.00%	5	-44.40%	136
Hancock	$225,000	60.10%	3	-57.10%	3	-40.00%	11
Leicester	$300,000	-0.40%	15	-16.70%	18	5.90%	15
Lincoln	$386,750	12.10%	18	20.00%	20	42.90%	49
Middlebury	$367,500	0.70%	46	-32.40%	53	-20.90%	28
Monkton	$455,000	8.30%	22	-8.30%	23	-4.20%	28
New Haven	$455,000	8.30%	14	-36.40%	17	-26.10%	15
Orwell	$395,000	41.10%	13	-43.50%	15	-42.30%	35
Panton	$310,000	-23.50%	9	-10.00%	9	-10.00%	21
Ripton	$480,000	37.50%	1	-83.30%	1	-87.50%	8
Salisbury	$415,000	23.00%	11	-45.00%	10	-58.30%	52
Shoreham	$429,000	30.00%	5	-66.70%	9	-52.60%	43
Starksboro	$270,000	1.10%	8	-42.90%	9	-50.00%	46
Vergennes	$321,000	21.10%	24	-17.20%	27	-15.60%	29
Waltham	$634,000	74.50%	1	-83.30%	2	-60.00%	18
Weybridge	$452,000	-4.80%	8	-38.50%	13	8.30%	19
Whiting	$324,500	22.70%	4	0.00%	3	-50.00%	111

Single-Family January-June 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$375,000 +13.6%	$431,529 +12.9%	135 -30.8%	191 -21.4%	34 -60.0%

Condo January-June 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$302,001 +21.3%	$314,817 +0.5%	9 -40.0%	6 -50.0%	26 -46.9%

While Addison County felt a substantial downturn in sales throughout the first half of 2022, it’s important to note that 2021 represented historically high sales. Single family home sales declined 30% to 135 properties sold, and limited condominium units available limited transactions to 9, 40% less than in 2021. New inventory was soft, reflecting a 21.4% decline in single-family homes listed. Despite limited sales, prices appreciated by over 13.6%. Addison County was the beneficiary of interest from out-of-state buyers during the past two years as buyers sought more tranquil areas. The combination of charming towns like Vergennes, Bristol, and Middlebury surrounded by ample recreational, agricultural, and lakeshore property makes the region a desirable primary and second home market.

	MEDIAN SALE PRICE	VS 2021	UNITS SOLD	VS 2021	NEWLY LISTED	VS 2021	Average DAYS ON MARKET
Addison County Single-Family	$375,000	13.6%	$135	-30.8%	$191	-21.4%	34
Addison	$495,000	-39.8%	7	16.7%	12	33.3%	27
Bridport	$339,500	42.5%	6	-40.0%	6	-45.5%	14
Bristol	$352,500	13.7%	14	-26.3%	18	0.0%	22
Cornwall	$550,000	4.4%	1	-87.5%	7	0.0%	6
Ferrisburgh	$493,500	45.4%	14	-22.2%	17	21.4%	19
Goshen	$369,750	73.7%	2	-33.3%	2	0.0%	106
Granville	$338,750	125.8%	2	-33.3%	1	-83.3%	100
Hancock	$262,500	118.8%	2	0.0%	2	-33.3%	6
Leicester	$240,000	-15.3%	4	-50.0%	12	-14.3%	5
Lincoln	$417,500	54.6%	5	0.0%	8	0.0%	107
Middlebury	$372,500	-12.2%	20	-23.1%	30	-21.1%	26
Monkton	$409,000	-2.6%	9	-30.8%	14	0.0%	52
New Haven	$455,000	-4.2%	5	-37.5%	6	-57.1%	5
Orwell	$451,250	37.7%	6	-40.0%	8	-46.7%	58
Panton	$310,000	-25.0%	5	25.0%	8	60.0%	14
Ripton	-	0.0%	-	0.0%	1	-75.0%	-
Salisbury	$303,500	10.4%	6	-33.3%	5	-37.5%	27
Shoreham	$447,000	33.4%	2	-66.7%	3	-70.0%	37
Starksboro	$249,000	-7.8%	6	-14.3%	5	-44.4%	60
Vergennes	$345,000	34.0%	11	-8.3%	14	-26.3%	28
Waltham	-	0.0%	-	0.0%	1	-66.7%	-
Weybridge	$375,000	-10.9%	4	-50.0%	8	-20.0%	10
Whiting	$324,500	62.3%	4	33.3%	3	50.0%	111

Single-Family January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$340,600 +19.5%	$398,214 +24.1%	422 +11.6%	436 +0.9%	60 -45.5%

Condo January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$255,000 +4.1%	$289,607 +6.8%	28 +40%	25 -3.9%	53 -71.8%

The real estate market is booming in Addison County, achieving the highest median sale price for a single-family home since our report began six years ago. The number of homes sold increased by 12% – nearly triple the increase across the region. The pace of the market accelerated as well with the average time from listing to close at only 2 months – down from 3 months mid-year. Middlebury, Bristol, Vergennes, and Ferrisburgh topped the county for the most homes sold in 2021, followed closely by Monkton, Orwell, and New Haven. The highest median sale prices were reported in Cornwall, Addison, and Lincoln. Accessibility to Lake Champlain, the mountains, and an easy commute to the greater Burlington area for employment are motivators for buyers. Farm to table dining options, art galleries, and a more rural landscape enhance the quintessential Vermont life experience.

	MEDIAN SALE PRICE	VS 2020	UNITS SOLD	VS 2020	NEWLY LISTED	VS 2020	DAYS ON MARKET
Addison County Single-Family	$340,600	19.50%	422	11.60%	436	0.90%	60
Addison	$540,000	61.20%	17	-19.10%	19	0.00%	70
Bridport	$324,250	66.30%	18	38.50%	14	-6.70%	130
Bristol	$323,500	22.10%	43	10.30%	40	-16.70%	60
Cornwall	$544,000	27.40%	14	-26.30%	13	-50.00%	32
Ferrisburgh	$339,500	6.10%	28	-17.70%	27	-40.00%	80
Goshen	$212,900	-17.80%	3	0.00%	4	0.00%	174
Granville	$150,000	-61.50%	5	66.70%	9	125.00%	84
Hancock	$140,500	40.50%	7	133.30%	5	25.00%	151
Leicester	$301,250	6.80%	18	20.00%	17	70.00%	80
Lincoln	$345,000	34.80%	15	50.00%	14	27.30%	100
Middlebury	$365,000	32.70%	68	3.00%	67	-6.90%	41
Monkton	$420,000	24.60%	24	-14.30%	24	-29.40%	34
New Haven	$420,000	27.70%	22	37.50%	23	-4.20%	28
Orwell	$280,000	30.10%	23	130.00%	26	73.30%	125
Panton	$405,000	20.00%	10	66.70%	10	42.90%	37
Ripton	$349,000	26.90%	6	-40.00%	8	-33.30%	35
Salisbury	$337,500	36.00%	20	100.00%	24	100.00%	17
Shoreham	$330,000	6.50%	15	-11.80%	19	46.20%	39
Starksboro	$267,000	-22.20%	14	-17.70%	18	-5.30%	48
Vergennes	$265,000	9.70%	29	20.80%	32	52.40%	13
Waltham	$363,285	51.10%	6	50.00%	5	25.00%	21
Weybridge	$475,000	72.10%	13	44.40%	12	20.00%	44
Whiting	$264,500	124.20%	4	300.00%	6	100.00%	255

Single-Family January-June 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$331,250 +27.4%	$383,847 +40.3%	194 +52.8%	244 +16.2%	86 -41%

Condo January-June 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$249,000 +8.3%	$313,400 +35.1%	15 +400%	12 +71.4%	49 +96%

The real estate market is booming in Addison County, achieving the highest median sale price for a single-family home since our report began six years ago. With 16% more homes on the market, units closed jumped 53% over last year. Middlebury, Bristol, and Ferrisburgh topped the county with the most homes sold – followed closely by Monkton and Vergennes. Addison and Cornwall top the list for median sales price. Accessibility to Lake Champlain and an easy commute to Chittenden County, coupled with restaurants, art galleries, and the growth of local companies like Collins Aerospace positioned Addison County as an ideal place to experience quintessential Vermont living.

SALE PRICE	MEDIAN	VS 2020	UNITS SOLD	VS 2020	NEWLY LISTED	VS 2020	DAYS ON MARKET
Addison County Single-Family	$331,250	27.0%	194	52.8%	244	16.2%	86
Addison	$822,500	185.0%	6	-14.3%	9	-18.2%	130
Bridport	$238,250	198.0%	10	233.3%	11	57.1%	81
Bristol	$310,000	38.0%	19	46.2%	19	-29.6%	99
Cornwall	$527,000	70.0%	8	166.7%	7	-30.0%	23
Ferrisburgh	$339,500	51.0%	18	50.0%	14	-53.3%	112
Goshen	$212,900	-21.0%	3	200.0%	2	0.0%	174
Granville	$250,000	0.0%	2	0.0%	6	100.0%	131
Hancock	$120,000	20.0%	2	100.0%	3	-25.0%	204
Leicester	$283,250	197.0%	8	33.3%	14	180.0%	51
Lincoln	$270,000	103.0%	5	66.7%	8	33.3%	225
Middlebury	$424,000	49.0%	26	8.3%	38	15.2%	66
Monkton	$420,000	25.0%	13	85.7%	14	-12.5%	41
New Haven	$475,000	117.0%	8	166.7%	14	55.6%	60
Orwell	$327,750	46.0%	10	100.0%	15	200.0%	257
Panton	$413,250	88.0%	4	33.3%	5	150.0%	61
Ripton	$349,000	773.0%	4	300.0%	4	-20.0%	48
Salisbury	$275,000	8.0%	9	80.0%	8	100.0%	22
Shoreham	$335,000	-2.0%	6	50.0%	10	66.7%	58
Starksboro	$270,000	-27.0%	7	40.0%	9	-18.2%	62
Vergennes	$257,500	-5.0%	12	-7.7%	19	72.7%	13
Waltham	$364,570	31.0%	3	0.0%	3	200.0%	33
Weybridge	$421,000	55.0%	8	100.0%	10	233.3%	38
Whiting	$200,000	69.0%	3	200.0%	2	100.0%	331

Single-Family January-December 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$285,000 +8.8%	$320,817 +7.2%	378 -1.3%	432 -14.8%	110 -4.4%

Condo January-December 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$245,000 +24.4%	$271,165 +18%	20 -25.9%	26 -7.1%	188 +291.7%

The median sale price for a single-family home in Addison County increased to $285,000. Still, buyers are drawn to the affordability and quality of life in towns like Bristol, Monkton, and Vergennes.

Middlebury College attracts alumni seeking homes in town and in the neighboring town of Cornwall. While shoreline and accessibility to Lake Champlain drive sales in neraby Ferrisburgh, Addison, and Panton. Even as the number of new listings to the market decline, a variety of properties remain for buyers to choose from – and a bit more time to contemplate a purchase.

 

MEDIAN SALE PRICE	VS 2019	UNITS SOLD	VS 2019	NEWLY LISTED	VS 2019	DAYS ON MARKET
Addison County Single-Family	$285,000	8.80%	378	-1.30%	432	-14.80%	110
Addison	$335,000	28.40%	21	-4.60%	19	-32.10%	140
Bridport	$195,000	-24.10%	13	-13.30%	15	0.00%	184
Bristol	$265,000	1.90%	39	25.80%	48	20.00%	76
Cornwall	$427,000	-0.40%	19	35.70%	26	116.70%	116
Ferrisburgh	$320,000	15.40%	34	-17.10%	45	-8.20%	127
Goshen	$259,000	93.50%	3	-25.00%	4	-42.90%	232
Granville	$390,000	14.70%	3	-40.00%	4	-20.00%	157
Hancock	$100,000	-45.30%	3	50.00%	4	-42.90%	84
Leicester	$282,000	46.90%	15	0.00%	10	-65.50%	152
Lincoln	$256,000	25.50%	10	-41.20%	11	-52.20%	201
Middlebury	$275,000	-3.70%	66	-8.30%	72	-19.10%	86
Monkton	$337,000	14.60%	28	64.70%	34	13.30%	37
New Haven	$329,000	9.00%	16	60.00%	24	71.40%	66
Orwell	$215,250	5.00%	10	-41.20%	15	-21.10%	111
Panton	$337,500	-26.70%	6	-50.00%	7	-50.00%	64
Ripton	$275,000	39.20%	10	66.70%	12	50.00%	51
Salisbury	$248,250	-32.00%	10	-16.70%	12	-42.90%	100
Shoreham	$310,000	49.40%	17	6.30%	13	-45.80%	355
Starksboro	$343,000	38.90%	17	41.70%	19	11.80%	62
Vergennes	$241,500	8.50%	24	-25.00%	21	-47.50%	64
Waltham	$240,500	-29.30%	4	-20.00%	4	-42.90%	88
Weybridge	$276,000	-41.10%	9	50.00%	10	25.00%	145
Whiting	$118,000	-	1	-	3	200.00%	15

Single-Family January-September 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$280,500 +6.9%	$305,414 -0.5%	267 -5.7%	347 -22.2%	112 -2.6%

Condo January-September 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$245,000 +26%	$257,869 +25.4%	13 -38.1%	20 -13.0%	219 +321.2%

Our mid-year report includes data for the first 6 months of 2020, as well as data for the 2nd quarter of 2020 alone. We cannot analyze the trends in the northwest Vermont real estate market without understanding the effects of COVID-19 which struck Vermont in mid-March. 

Single Family January-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$260,000 +2.7%	$273,505 -4.7%	127 -16.5%	210 -27.8%	147 +26.7%

Condo January-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$229,900 +3.3%	$231,967 +2.2%	3 -70%	7 -56.3%	25 -60.3%

Single Family April-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$275,000 +5.8%	$287,375 -4.8%	75 -21.1%	133 -33.5%	133 +22%

Condo April-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$233,000 -5.9%	$233,000 -11.1%	2 -71.4%	3 -72.7%	28 -54.8%

Buyers are attracted to the more rural feel and affordable home prices in Addison County. While the median price of single-family homes jumped to $275,000 during the 2nd quarter, the median price has been fairly stable since 2018. Middlebury, Vergennes, Bristol and Ferrisburgh topped the list for the number of closed sales so far in 2020.

As travel restrictions for out of state buyers loosen, sales of homes, including lakefront property in Addison County, should recover. Historically, the area accounts for 12-15% of the luxury home sales in northwest Vermont.

	MEDIAN SALE PRICE	VS 2019	UNITS SOLD	VS 2019	NEWLY LISTED	VS 2019	DAYS ON MARKET
Addison County Single-Family	$260,000	2.70%	127	-16.50%	210	-27.80%	147
Addison	$289,000	9.10%	7	-22.20%	11	-48%	130
Bridport	$80,000	-68.90%	3	-40.00%	7	-30.00%	300
Bristol	$225,000	-17.40%	13	-13.30%	27	17.40%	104
Cornwall	$310,000	-21.10%	3	0.00%	10	66.70%	104
Ferrisburgh	$224,500	9.50%	12	-36.80%	30	7.10%	182
Goshen	$270,000	160.30%	1	-66.70%	n/a	n/a	172
Granville	n/a	n/a	n/a	n/a	3	-25.00%
Hancock	$100,000	-58.30%	1	0.00%	4	-20.00%	27
Leicester	$95,500	-50.70%	6	50.00%	5	-50.00%	177
Lincoln	$133,000	-30.60%	3	-50.00%	6	-53.90%	173
Middlebury	$285,500	5.70%	24	-20.00%	33	-37.70%	146
Monkton	$335,000	37.40%	7	-12.50%	16	14.30%	53
New Haven	$219,000	-35.60%	3	0.00%	9	12.50%	149
Orwell	$225,000	76.10%	5	25%	5	-64.30%	185
Panton	$220,000	-61.80%	3	-57.10%	2	-77.80%	94
Ripton	$40,000	-80.00%	1	-80.00%	5	25.00%	61
Salisbury	$255,000	-27.10%	5	66.70%	4	-63.60%	111
Shoreham	$342,500	42.70%	4	-33%	6	-62.50%	446
Starksboro	$370,000	51.00%	5	0.00%	11	37.50%	110
Vergennes	$271,000	23.20%	13	44.40%	11	-54.20%	102
Waltham	$279,000	100.70%	3	0.00%	1	-66.70%	101
Weybridge	$271,000	-66.10%	4	33.30%	3	-25.00%	275
Whiting	$118,000	n/a	1	n/a	1	n/a	15