Real Estate Market

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Featured Listing

For Sale: $520,000

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April Market Update

2019 is looking to be a great year!
 
A strong start for the Northern Vermont Real Estate market. Spring has finally arrived, the snow is going and I have seen our first spring flowers. Bright sunny long days have been here, and the green grass is a welcome sight.
The number of homes closed in the first quarter tracked last year’s closings with 193 homes closed versus 192 in 2018 and deposits increased with 305 under deposit in the first quarter, up 4.4% from 2018. Condominiums are moving well and continue to be great options on both high and lower ends of the market.
 
The number of single-family homes available in Chittenden County is down 3.25% from last month. There are 238 homes available as of April 1st, down from last year when there were 246. This lower inventory is challenging for buyers who are out searching for a home.
 
Mortgage rates have floated up and down and remain low with the 30-year fixed rate at 4.125% with zero points. Now is the time to buy or refinance as we are seeing rates remain low this spring. We are hearing that there may be continued tightening by the Federal Reserve and rumors that rates are expected to inch higher later this year. Many lenders have great lending options, so more folks can now enter the market. There are great Jumbo mortgage options available to qualified buyers- call for details.
 
Here at the Nancy Jenkins Team we have sold or placed under deposit 75 properties through the end of March. Call us at Nancy Jenkins Real Estate to schedule an appointment to discuss your purchase options or the value of the property you want to sell this year.
 
Have a fantastic spring!

Nancy and The Nancy Jenkins Team

P.S. If you know of a deserving senior who may need scholarship assistance please have them apply for the 22nd Annual Nancy Jenkins Real Estate Scholarship.


This Month's Coupon to Spare Time Bowling!


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This Month's Giveaway!

This month we are giving away a Complementary Scenic Cruise aboard Lake Champlain Shoreline Cruises, Spirit of Ethan Allen to anyone who registers (one per person).  

For your chance to win CLICK HERE!

CLIENT TESTIMONIAL and THANK YOU'S

“Our experience with Nancy Jenkins and Patti Brinckerhoff was the absolute best. Their professionalism and knowledge provided us with a smooth beginning and ending in purchasing our new home. We would highly recommend them to any buyer or seller of a new home. We were kept informed of any problem or development that took place. We love our new place and hope to spend many years here.”
Patty & Gary Thomas - February 28th, 2019
 
SPECIAL THANKS TO FRIENDS WHO SENT US THEIR FRIENDS:
Roberta Keihl, Mary Ann Wichmann, Barb McHenry, Gordon Troy & Lori Frohock

 

©2019 Nancy Jenkins Real Estate

 

 

Contact Information

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Nancy Jenkins
Nancy Jenkins Real Estate
140 Kennedy Drive, Suite 102
South Burlington VT 05403
802-846-4888
Fax: 802-846-4899